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 | |
|---|---|---|---|---|---|---|
1851
Primoris Services
PRIM
$4.35B
| $2.14M | ﹤0.01% |
109,350
+57,947
| +113% | +$1.16M |
|
|
FOCS
1852
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $2.14M | ﹤0.01% |
90,105
+10,983
| +14% | +$270K |
|
1853
Stewart Information Services
STC
$2.07B
| $2.14M | ﹤0.01% |
55,151
+29,309
| +113% | +$1.09M |
|
1854
Enanta Pharmaceuticals
ENTA
$391M
| $2.14M | ﹤0.01% |
35,576
+11,412
| +47% | +$848K |
|
1855
Cass Information Systems
CASS
$750M
| $2.13M | ﹤0.01% |
39,436
+12,911
| +49% | +$659K |
|
1856
SM Energy
SM
$7.71B
| $2.13M | ﹤0.01% |
219,338
+41,492
| +23% | +$423K |
|
1857
Editas Medicine
EDIT
$432M
| $2.12M | ﹤0.01% |
93,300
+33,100
| +55% | +$820K |
|
1858
PDF Solutions
PDFS
$2.13B
| $2.12M | ﹤0.01% |
162,182
+13,533
| +9% | +$171K |
|
1859
Compass Diversified
CODI
$924M
| $2.12M | ﹤0.01% |
107,444
+19,997
| +23% | +$382K |
|
1860
Standex International
SXI
$3.97B
| $2.12M | ﹤0.01% |
29,025
+9,940
| +52% | +$689K |
|
|
MCRN
1861
DELISTED
Milacron Holdings Corp.
MCRN
| $2.12M | ﹤0.01% |
126,999
-6,539
| -5% | -$105K |
|
|
EVOP
1862
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $2.11M | ﹤0.01% |
75,140
+14,632
| +24% | +$429K |
|
|
NTUS
1863
DELISTED
Natus Medical Inc
NTUS
| $2.11M | ﹤0.01% |
66,341
+6,030
| +10% | +$176K |
|
1864
PJT Partners
PJT
$4.57B
| $2.1M | ﹤0.01% |
51,661
+22,280
| +76% | +$896K |
|
1865
Kadant
KAI
$3.91B
| $2.1M | ﹤0.01% |
23,947
+8,737
| +57% | +$749K |
|
|
AHRT
1866
AH Realty Trust
AHRT
$506M
| $2.1M | ﹤0.01% |
116,156
+34,788
| +43% | +$602K |
|
|
BEST
1867
DELISTED
BEST Inc. American Depositary Shares, each representing twenty (20) Class A Ordinary Shares
BEST
| $2.1M | ﹤0.01% |
19,897
+9,338
| +88% | +$933K |
|
|
AVYA
1868
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $2.1M | ﹤0.01% |
205,424
+84,431
| +70% | +$992K |
|
1869
National Bank Holdings
NBHC
$1.94B
| $2.09M | ﹤0.01% |
61,159
+33,306
| +120% | +$1.16M |
|
|
CNBKA
1870
DELISTED
Century Bancorp Inc/Mass
CNBKA
| $2.09M | ﹤0.01% |
23,870
+1,071
| +5% | +$90.7K |
|
1871
Paysign
PAYS
$735M
| $2.09M | ﹤0.01% |
206,847
+14,000
| +7% | +$186K |
|
|
MIME
1872
DELISTED
Mimecast Limited
MIME
| $2.08M | ﹤0.01% |
58,444
+26,880
| +85% | +$1.17M |
|
1873
REX American Resources
REX
$1.44B
| $2.08M | ﹤0.01% |
163,554
+11,850
| +8% | +$147K |
|
1874
Atlanta Braves Holdings Series B
BATRK
$3.41B
| $2.08M | ﹤0.01% |
74,866
+25,456
| +52% | +$718K |
|
1875
Chord Energy
CHRD
$7.35B
| $2.08M | ﹤0.01% |
599,950
+160,382
| +36% | +$632K |
|
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.