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 | |
|---|---|---|---|---|---|---|
|
QIWI
1726
DELISTED
QIWI PLC
QIWI
| $2.63M | ﹤0.01% |
119,694
+55,227
| +86% | +$1.19M |
|
1727
Perdoceo Education
PRDO
$1.99B
| $2.63M | ﹤0.01% |
165,281
+32,785
| +25% | +$643K |
|
1728
Matthews International
MATW
$722M
| $2.62M | ﹤0.01% |
74,153
+7,910
| +12% | +$260K |
|
1729
Red Rock Resorts
RRR
$3.67B
| $2.62M | ﹤0.01% |
129,218
+54,034
| +72% | +$1.13M |
|
|
PHX
1730
DELISTED
PHX Minerals
PHX
| $2.62M | ﹤0.01% |
187,301
+10,100
| +6% | +$124K |
|
1731
Insmed
INSM
$27.6B
| $2.61M | ﹤0.01% |
147,903
+34,621
| +31% | +$669K |
|
|
NBLX
1732
DELISTED
Noble Midstream Partners LP
NBLX
| $2.6M | ﹤0.01% |
107,940
+6,470
| +6% | +$180K |
|
1733
Brookdale Senior Living
BKD
$3B
| $2.59M | ﹤0.01% |
341,862
+126,475
| +59% | +$1M |
|
|
BAND
1734
Bandwidth Inc
BAND
$1.74B
| $2.59M | ﹤0.01% |
39,767
+28,312
| +247% | +$2.21M |
|
1735
Heron Therapeutics
HRTX
$63.5M
| $2.58M | ﹤0.01% |
139,700
+79,900
| +134% | +$1.47M |
|
1736
OFG Bancorp
OFG
$2.26B
| $2.58M | ﹤0.01% |
117,841
+55,294
| +88% | +$1.22M |
|
1737
Westlake Chemical Partners
WLKP
$764M
| $2.57M | ﹤0.01% |
110,634
+5,552
| +5% | +$126K |
|
|
SWN
1738
DELISTED
Southwestern Energy Company
SWN
| $2.57M | ﹤0.01% |
1,330,036
+126,258
| +10% | +$271K |
|
|
GCP
1739
DELISTED
GCP Applied Technologies Inc.
GCP
| $2.57M | ﹤0.01% |
133,355
+30,000
| +29% | +$604K |
|
|
INST
1740
DELISTED
Instructure, Inc.
INST
| $2.56M | ﹤0.01% |
66,130
+27,330
| +70% | +$1.11M |
|
1741
Dillards
DDS
$9.59B
| $2.55M | ﹤0.01% |
38,622
+3,508
| +10% | +$224K |
|
|
SNBR
1742
DELISTED
Sleep Number
SNBR
| $2.55M | ﹤0.01% |
61,697
+4,148
| +7% | +$178K |
|
1743
Universal Insurance Holdings
UVE
$1.18B
| $2.55M | ﹤0.01% |
84,924
+25,998
| +44% | +$710K |
|
1744
TFS Financial
TFSL
$4.93B
| $2.54M | ﹤0.01% |
140,823
+9,135
| +7% | +$164K |
|
1745
NRC Health Common Stock
NRC
$471M
| $2.52M | ﹤0.01% |
43,613
+2,150
| +5% | +$133K |
|
1746
John B. Sanfilippo & Son
JBSS
$1.01B
| $2.5M | ﹤0.01% |
25,861
+1,432
| +6% | +$125K |
|
|
AVX
1747
DELISTED
AVX Corporation
AVX
| $2.5M | ﹤0.01% |
164,305
+6,350
| +4% | +$95.8K |
|
1748
Chefs' Warehouse
CHEF
$4.57B
| $2.5M | ﹤0.01% |
61,895
+42,966
| +227% | +$1.61M |
|
1749
Southside Bancshares
SBSI
$984M
| $2.49M | ﹤0.01% |
73,103
+9,331
| +15% | +$310K |
|
|
SRCI
1750
DELISTED
SRC Energy Inc
SRCI
| $2.49M | ﹤0.01% |
535,094
+237,437
| +80% | +$1.07M |
|
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.