California Public Employees Retirement System Portfolio holdings
The California Public Employees’ Retirement System (CalPERS), established in 1932 and headquartered in Sacramento, California, is the largest public pension fund in the U.S., managing over $510 billion in assets as of late 2024 to provide retirement and health benefits to more than 2 million state and local government employees, retirees, and their families. Operating as a defined benefit plan, CalPERS invests globally across equities, fixed income, real estate, private equity, and infrastructure, guided by a 13-member board and a commitment to sustainable investing and ESG (environmental, social, governance) principles under Chief Investment Officer Ben Meng since 2024. Known for its influential shareholder activism—pushing for corporate governance reforms—CalPERS serves over 3,000 employers, including state agencies and school districts, balancing long-term funding needs with a $100 billion unfunded liability challenge. As a cornerstone of California’s public sector, it blends financial stewardship with a mission to secure retiree livelihoods.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$549M |
| 2 |
Apple
AAPL
|
+$498M |
| 3 |
Amazon
AMZN
|
+$407M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$260M |
| 5 |
Meta Platforms (Facebook)
META
|
+$244M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TSS
Total System Services, Inc.
TSS
|
+$156M |
| 2 |
LLL
L3 Technologies, Inc.
LLL
|
+$145M |
| 3 |
Becton Dickinson
BDX
|
+$103M |
| 4 |
HCA Healthcare
HCA
|
+$90.9M |
| 5 |
Pfizer
PFE
|
+$88.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.83% |
| 2 | Financials | 15.17% |
| 3 | Healthcare | 12.39% |
| 4 | Consumer Discretionary | 9.79% |
| 5 | Consumer Staples | 9.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1626
Rambus
RMBS
$10.8B
| $3M | ﹤0.01% |
228,947
+62,251
| +37% | +$780K |
|
1627
Shenandoah Telecom
SHEN
$744M
| $3M | ﹤0.01% |
94,497
+14,697
| +18% | +$515K |
|
1628
Bank of N.T. Butterfield & Son
NTB
$2.51B
| $3M | ﹤0.01% |
101,245
+16,400
| +19% | +$498K |
|
1629
NGL Energy Partners
NGL
$2.13B
| $2.99M | ﹤0.01% |
215,257
+32,706
| +18% | +$461K |
|
|
INN
1630
Summit Hotel Properties
INN
$656M
| $2.99M | ﹤0.01% |
258,059
+167,852
| +186% | +$1.92M |
|
1631
Piper Sandler
PIPR
$5.54B
| $2.99M | ﹤0.01% |
158,440
+26,684
| +20% | +$497K |
|
|
ISCA
1632
DELISTED
International Speedway Corp
ISCA
| $2.99M | ﹤0.01% |
66,399
+8,093
| +14% | +$365K |
|
1633
Laureate Education
LAUR
$5.15B
| $2.98M | ﹤0.01% |
179,798
+90,566
| +101% | +$1.52M |
|
|
RETA
1634
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $2.98M | ﹤0.01% |
37,119
+4,384
| +13% | +$372K |
|
1635
Papa John's
PZZA
$804M
| $2.97M | ﹤0.01% |
56,779
-3,368
| -6% | -$159K |
|
1636
Tanger
SKT
$4.42B
| $2.97M | ﹤0.01% |
191,886
+23,585
| +14% | +$369K |
|
1637
Materion
MTRN
$5.88B
| $2.97M | ﹤0.01% |
48,368
+23,559
| +95% | +$1.46M |
|
|
SAIL
1638
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $2.97M | ﹤0.01% |
158,769
+70,889
| +81% | +$1.5M |
|
1639
Scholastic
SCHL
$784M
| $2.95M | ﹤0.01% |
78,057
+8,628
| +12% | +$303K |
|
1640
Installed Building Products
IBP
$6.54B
| $2.94M | ﹤0.01% |
51,369
+13,103
| +34% | +$736K |
|
|
SASR
1641
DELISTED
Sandy Spring Bancorp Inc
SASR
| $2.94M | ﹤0.01% |
87,345
+25,809
| +42% | +$895K |
|
1642
Dycom Industries
DY
$12.3B
| $2.92M | ﹤0.01% |
57,300
+13,376
| +30% | +$675K |
|
1643
Designer Brands
DBI
$312M
| $2.92M | ﹤0.01% |
170,787
+52,476
| +44% | +$890K |
|
1644
CSP Inc
CSPI
$84.2M
| $2.92M | ﹤0.01% |
432,906
| – | – |
|
1645
ePlus
PLUS
$2.31B
| $2.9M | ﹤0.01% |
76,344
+7,138
| +10% | +$275K |
|
|
DEA
1646
Easterly Government Properties
DEA
$1.18B
| $2.9M | ﹤0.01% |
54,468
+40,331
| +285% | +$2M |
|
|
SRG
1647
Seritage Growth Properties
SRG
$128M
| $2.9M | ﹤0.01% |
68,180
+42,064
| +161% | +$1.73M |
|
1648
Arbor Realty Trust
ABR
$981M
| $2.9M | ﹤0.01% |
220,871
+36,856
| +20% | +$460K |
|
1649
Stoneridge
SRI
$201M
| $2.9M | ﹤0.01% |
93,481
+12,723
| +16% | +$399K |
|
|
AMWD
1650
DELISTED
American Woodmark
AMWD
| $2.89M | ﹤0.01% |
32,486
+13,282
| +69% | +$1.1M |
|
Similar funds
California Public Employees Retirement System's Q3 2019 Portfolio in Review
As of Q3 2019, California Public Employees Retirement System held 3,348 positions worth $101B, up 19% from $84.7B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System deployed $14.5B of net new capital in Q3 2019, opening 84 new positions and adding to 2,655 existing holdings. Its largest new stake was Creative Media & Community Trust: 141 shares worth $53.7M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Becton Dickinson, an estimated $103M trimmed.
- California Public Employees Retirement System's largest Q3 2019 buy was Creative Media & Community Trust: 141 shares worth $53.7M.
- California Public Employees Retirement System added most to Microsoft in Q3 2019, an estimated $549M increase.
- California Public Employees Retirement System's biggest Q3 2019 reduction was Becton Dickinson, cutting an estimated $103M.
- California Public Employees Retirement System fully exited Total System Services, Inc. in Q3 2019, selling an estimated $156M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $101B portfolio in Q3 2019.
- California Public Employees Retirement System opened 84 new positions and closed 88 in Q3 2019.
- California Public Employees Retirement System's portfolio value rose 19% quarter-over-quarter to $101B.
Based on California Public Employees Retirement System's 13F filing for Q3 2019, filed 31 Oct 2019.