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 | |
|---|---|---|---|---|---|---|
|
BOLD
1801
DELISTED
Audentes Therapeutics, Inc
BOLD
| $2.3M | ﹤0.01% |
81,832
+38,703
| +90% | +$1.32M |
|
1802
Icahn Enterprises
IEP
$5.33B
| $2.29M | ﹤0.01% |
35,643
+4,301
| +14% | +$306K |
|
1803
Golar LNG
GLNG
$5.21B
| $2.28M | ﹤0.01% |
175,446
+85,841
| +96% | +$1.26M |
|
1804
Axcelis
ACLS
$4.42B
| $2.28M | ﹤0.01% |
133,258
+12,909
| +11% | +$206K |
|
1805
The Greenbrier Companies
GBX
$1.42B
| $2.27M | ﹤0.01% |
75,452
+18,418
| +32% | +$497K |
|
1806
Stratasys
SSYS
$779M
| $2.27M | ﹤0.01% |
106,657
+40,684
| +62% | +$1.03M |
|
1807
Encore Capital Group
ECPG
$2.15B
| $2.27M | ﹤0.01% |
68,153
+19,296
| +39% | +$678K |
|
1808
TTM Technologies
TTMI
$14.6B
| $2.27M | ﹤0.01% |
186,137
+52,841
| +40% | +$567K |
|
|
NXGN
1809
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $2.26M | ﹤0.01% |
144,120
+21,500
| +18% | +$358K |
|
|
GCI
1810
DELISTED
Gannett Co., Inc
GCI
| $2.26M | ﹤0.01% |
210,141
+16,129
| +8% | +$160K |
|
1811
CrowdStrike
CRWD
$230B
| $2.26M | ﹤0.01% |
+154,756
| New | +$3.07M |
|
1812
Napco Security Technologies
NSSC
$1.37B
| $2.25M | ﹤0.01% |
176,662
-7,864
| -4% | -$111K |
|
1813
Regenxbio
RGNX
$704M
| $2.25M | ﹤0.01% |
63,300
+41,543
| +191% | +$1.68M |
|
|
MRC
1814
DELISTED
MRC Global
MRC
| $2.25M | ﹤0.01% |
185,520
+16,137
| +10% | +$228K |
|
1815
Kearny Financial
KRNY
$604M
| $2.25M | ﹤0.01% |
172,423
+123,554
| +253% | +$1.62M |
|
1816
Travelzoo
TZOO
$74.4M
| $2.24M | ﹤0.01% |
209,900
+11,500
| +6% | +$143K |
|
1817
Marcus & Millichap
MMI
$1.2B
| $2.24M | ﹤0.01% |
63,089
+43,729
| +226% | +$1.49M |
|
|
STMP
1818
DELISTED
Stamps.com, Inc.
STMP
| $2.23M | ﹤0.01% |
29,899
+3,466
| +13% | +$203K |
|
|
CSR
1819
Centerspace
CSR
$939M
| $2.22M | ﹤0.01% |
29,779
+5,905
| +25% | +$395K |
|
1820
BioXcel Therapeutics
BTAI
$34.9M
| $2.22M | ﹤0.01% |
19,731
+1,081
| +6% | +$171K |
|
1821
Acco Brands
ACCO
$399M
| $2.22M | ﹤0.01% |
224,979
+76,632
| +52% | +$691K |
|
1822
Ennis
EBF
$559M
| $2.21M | ﹤0.01% |
109,427
+9,312
| +9% | +$189K |
|
1823
Orthofix Medical
OFIX
$415M
| $2.21M | ﹤0.01% |
41,613
+8,852
| +27% | +$457K |
|
|
DLPH
1824
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
| $2.2M | ﹤0.01% |
164,097
+20,205
| +14% | +$320K |
|
|
RUTH
1825
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $2.2M | ﹤0.01% |
107,588
+10,090
| +10% | +$210K |
|
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.