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 | |
|---|---|---|---|---|---|---|
|
ATSG
1651
DELISTED
Air Transport Services Group
ATSG
| $2.88M | ﹤0.01% |
137,229
+38,685
| +39% | +$844K |
|
|
NAV
1652
DELISTED
Navistar International
NAV
| $2.88M | ﹤0.01% |
102,473
+28,313
| +38% | +$804K |
|
1653
Kontoor Brands
KTB
$4.65B
| $2.88M | ﹤0.01% |
81,989
+8,922
| +12% | +$290K |
|
|
UHT
1654
Universal Health Realty Income Trust
UHT
$573M
| $2.87M | ﹤0.01% |
27,918
+2,098
| +8% | +$198K |
|
|
TWNK
1655
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $2.87M | ﹤0.01% |
205,178
+87,053
| +74% | +$1.23M |
|
1656
FormFactor
FORM
$10.3B
| $2.87M | ﹤0.01% |
153,825
+38,700
| +34% | +$662K |
|
1657
Corcept Therapeutics
CORT
$11.9B
| $2.87M | ﹤0.01% |
202,741
+79,704
| +65% | +$979K |
|
|
BPY
1658
DELISTED
Brookfield Property Partners L.P. Limited Partnership Units
BPY
| $2.86M | ﹤0.01% |
+140,841
| New | +$2.72M |
|
|
ILPT
1659
Industrial Logistics Properties Trust
ILPT
$611M
| $2.85M | ﹤0.01% |
134,199
+80,683
| +151% | +$1.72M |
|
|
HA
1660
DELISTED
Hawaiian Holdings, Inc.
HA
| $2.85M | ﹤0.01% |
108,452
+19,797
| +22% | +$520K |
|
|
PVTL
1661
DELISTED
Pivotal Software, Inc.
PVTL
| $2.84M | ﹤0.01% |
190,626
+24,898
| +15% | +$305K |
|
1662
Supernus Pharmaceuticals
SUPN
$2.74B
| $2.84M | ﹤0.01% |
103,473
+27,961
| +37% | +$828K |
|
|
MNR
1663
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $2.83M | ﹤0.01% |
196,716
+96,125
| +96% | +$1.32M |
|
|
DOOR
1664
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $2.83M | ﹤0.01% |
48,806
+36,559
| +299% | +$1.94M |
|
1665
Cactus
WHD
$5.78B
| $2.83M | ﹤0.01% |
97,782
+53,020
| +118% | +$1.53M |
|
1666
Enerpac Tool Group
EPAC
$1.89B
| $2.83M | ﹤0.01% |
128,963
+16,884
| +15% | +$386K |
|
1667
Heartland Express
HTLD
$979M
| $2.83M | ﹤0.01% |
131,345
+19,600
| +18% | +$393K |
|
1668
Boot Barn
BOOT
$4.92B
| $2.82M | ﹤0.01% |
80,883
+42,256
| +109% | +$1.41M |
|
|
SYKE
1669
DELISTED
SYKES Enterprises Inc
SYKE
| $2.82M | ﹤0.01% |
92,015
-6,832
| -7% | -$197K |
|
|
GLUU
1670
DELISTED
Glu Mobile Inc.
GLUU
| $2.82M | ﹤0.01% |
564,712
-83,550
| -13% | -$478K |
|
1671
Agios Pharmaceuticals
AGIO
$2B
| $2.8M | ﹤0.01% |
86,400
+25,100
| +41% | +$1.04M |
|
1672
National Vision
EYE
$1.51B
| $2.8M | ﹤0.01% |
116,300
+17,845
| +18% | +$520K |
|
1673
Rush Enterprises Class A
RUSHA
$9.62B
| $2.8M | ﹤0.01% |
163,105
+99,848
| +158% | +$1.66M |
|
|
ADAM
1674
Adamas Trust
ADAM
$907M
| $2.8M | ﹤0.01% |
114,764
+40,392
| +54% | +$994K |
|
|
EPZM
1675
DELISTED
Epizyme, Inc
EPZM
| $2.79M | ﹤0.01% |
270,445
+40,055
| +17% | +$505K |
|
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.