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 | |
|---|---|---|---|---|---|---|
1876
M/I Homes
MHO
$3.9B
| $2.08M | ﹤0.01% |
55,116
+18,582
| +51% | +$639K |
|
1877
Tronox
TROX
$958M
| $2.07M | ﹤0.01% |
249,669
+15,695
| +7% | +$151K |
|
1878
Star Bulk Carriers
SBLK
$3.21B
| $2.07M | ﹤0.01% |
205,700
+11,188
| +6% | +$114K |
|
1879
Par Pacific Holdings
PARR
$4.12B
| $2.07M | ﹤0.01% |
90,504
+11,031
| +14% | +$244K |
|
|
GPMT
1880
Granite Point Mortgage Trust
GPMT
$58.8M
| $2.07M | ﹤0.01% |
110,228
+53,949
| +96% | +$1.01M |
|
|
USCR
1881
DELISTED
U S Concrete, Inc.
USCR
| $2.07M | ﹤0.01% |
37,372
+7,914
| +27% | +$370K |
|
|
ARR
1882
Armour Residential REIT
ARR
$2.37B
| $2.06M | ﹤0.01% |
24,636
+10,440
| +74% | +$912K |
|
1883
Central Pacific Financial
CPF
$1B
| $2.06M | ﹤0.01% |
72,470
+12,724
| +21% | +$367K |
|
|
MTSC
1884
DELISTED
MTS Systems Corp
MTSC
| $2.06M | ﹤0.01% |
37,223
+3,880
| +12% | +$222K |
|
1885
Canadian Solar
CSIQ
$1.04B
| $2.05M | ﹤0.01% |
108,497
+23,601
| +28% | +$513K |
|
1886
Heritage Financial
HFWA
$1.23B
| $2.05M | ﹤0.01% |
75,879
+18,224
| +32% | +$503K |
|
|
RTEC
1887
DELISTED
Rudolph Technologies Inc
RTEC
| $2.04M | ﹤0.01% |
77,405
+8,824
| +13% | +$224K |
|
|
TRTX
1888
TPG RE Finance Trust
TRTX
$616M
| $2.04M | ﹤0.01% |
102,778
+87,236
| +561% | +$1.72M |
|
|
ODT
1889
DELISTED
Odonate Therapeutics, Inc. Common Stock
ODT
| $2.04M | ﹤0.01% |
78,323
+8,323
| +12% | +$279K |
|
|
OSG
1890
Octave Specialty Group
OSG
$212M
| $2.04M | ﹤0.01% |
104,228
+18,746
| +22% | +$344K |
|
1891
AtriCure
ATRC
$2.21B
| $2.01M | ﹤0.01% |
80,599
+28,108
| +54% | +$803K |
|
1892
CorVel
CRVL
$3.25B
| $2.01M | ﹤0.01% |
79,644
+7,269
| +10% | +$207K |
|
1893
Marten Transport
MRTN
$1.24B
| $2.01M | ﹤0.01% |
144,834
+19,113
| +15% | +$251K |
|
|
FOE
1894
DELISTED
Ferro Corporation
FOE
| $2M | ﹤0.01% |
168,818
+37,334
| +28% | +$473K |
|
1895
Pitney Bowes
PBI
$2.28B
| $2M | ﹤0.01% |
437,951
+53,102
| +14% | +$213K |
|
1896
Preferred Bank
PFBC
$1.28B
| $2M | ﹤0.01% |
38,179
+8,483
| +29% | +$432K |
|
1897
Simulations Plus
SLP
$370M
| $2M | ﹤0.01% |
57,545
+17,783
| +45% | +$626K |
|
1898
Vishay Precision Group
VPG
$908M
| $2M | ﹤0.01% |
60,968
+4,900
| +9% | +$175K |
|
1899
Conduent
CNDT
$252M
| $2M | ﹤0.01% |
320,792
+44,186
| +16% | +$342K |
|
|
TIVO
1900
DELISTED
Tivo Inc
TIVO
| $1.99M | ﹤0.01% |
261,819
+2,833
| +1% | +$21.7K |
|
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.