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 | |
|---|---|---|---|---|---|---|
1826
Interface
TILE
$2.24B
| $2.19M | ﹤0.01% |
151,862
+15,108
| +11% | +$198K |
|
|
ALDR
1827
DELISTED
Alder Biopharmaceuticals
ALDR
| $2.19M | ﹤0.01% |
116,300
+60,500
| +108% | +$692K |
|
1828
Orion
OEC
$360M
| $2.19M | ﹤0.01% |
131,098
+43,005
| +49% | +$703K |
|
|
SP
1829
DELISTED
SP Plus Corporation
SP
| $2.19M | ﹤0.01% |
59,212
+38,469
| +185% | +$1.34M |
|
1830
Enterprise Financial Services Corp
EFSC
$2.4B
| $2.19M | ﹤0.01% |
53,632
+14,520
| +37% | +$585K |
|
|
QEP
1831
DELISTED
QEP RESOURCES, INC.
QEP
| $2.18M | ﹤0.01% |
588,383
+49,700
| +9% | +$237K |
|
|
VAL
1832
DELISTED
Valaris plc Class A Ordinary Share
VAL
| $2.18M | ﹤0.01% |
+452,700
| New | +$2.43M |
|
1833
TriCo Bancshares
TCBK
$1.86B
| $2.18M | ﹤0.01% |
59,946
+41,593
| +227% | +$1.53M |
|
|
TBI
1834
Trueblue
TBI
$309M
| $2.17M | ﹤0.01% |
103,065
+23,477
| +29% | +$485K |
|
|
SWCH
1835
DELISTED
Switch, Inc. Class A Common Stock
SWCH
| $2.17M | ﹤0.01% |
138,941
+36,941
| +36% | +$548K |
|
1836
STAAR Surgical
STAA
$1.26B
| $2.17M | ﹤0.01% |
84,000
+28,024
| +50% | +$852K |
|
|
BRSP
1837
BrightSpire Capital
BRSP
$629M
| $2.17M | ﹤0.01% |
149,715
+38,100
| +34% | +$555K |
|
1838
G-III Apparel Group
GIII
$1.43B
| $2.16M | ﹤0.01% |
83,772
+26,881
| +47% | +$674K |
|
|
APLS
1839
DELISTED
Apellis Pharmaceuticals
APLS
| $2.16M | ﹤0.01% |
89,545
+45,670
| +104% | +$1.26M |
|
|
FG
1840
DELISTED
FGL Holdings Ordinary Shares
FG
| $2.16M | ﹤0.01% |
270,295
+140,811
| +109% | +$1.12M |
|
|
BZUN
1841
Baozun
BZUN
$168M
| $2.16M | ﹤0.01% |
50,492
+24,057
| +91% | +$1.14M |
|
|
CATM
1842
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $2.16M | ﹤0.01% |
71,292
+12,321
| +21% | +$364K |
|
1843
Kelly Services Class A
KELYA
$566M
| $2.15M | ﹤0.01% |
88,963
+17,664
| +25% | +$459K |
|
1844
Patrick Industries
PATK
$2.78B
| $2.15M | ﹤0.01% |
75,390
+22,972
| +44% | +$637K |
|
|
AVTA
1845
DELISTED
Avantax, Inc. Common Stock
AVTA
| $2.15M | ﹤0.01% |
99,399
+34,672
| +54% | +$874K |
|
|
CKH
1846
DELISTED
Seacor Holdings Inc.
CKH
| $2.15M | ﹤0.01% |
45,681
+5,663
| +14% | +$268K |
|
1847
Amphastar Pharmaceuticals
AMPH
$858M
| $2.15M | ﹤0.01% |
108,261
+39,774
| +58% | +$828K |
|
|
CVET
1848
DELISTED
Covetrus, Inc. Common Stock
CVET
| $2.15M | ﹤0.01% |
180,568
+58,321
| +48% | +$1.08M |
|
1849
Tilly's
TLYS
$122M
| $2.15M | ﹤0.01% |
227,300
+12,400
| +6% | +$109K |
|
|
NP
1850
DELISTED
Neenah, Inc. Common Stock
NP
| $2.15M | ﹤0.01% |
32,945
+7,206
| +28% | +$469K |
|
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.