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 | |
|---|---|---|---|---|---|---|
|
NTP
1951
DELISTED
Nam Tai Property Inc.
NTP
| $1.82M | ﹤0.01% |
202,544
+11,548
| +6% | +$110K |
|
1952
BrightView Holdings
BV
$1.09B
| $1.82M | ﹤0.01% |
106,066
+12,220
| +13% | +$226K |
|
|
FTCH
1953
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $1.81M | ﹤0.01% |
210,000
+180,100
| +602% | +$2.58M |
|
|
BMTC
1954
DELISTED
Bryn Mawr Bank Corp
BMTC
| $1.81M | ﹤0.01% |
49,610
+23,172
| +88% | +$834K |
|
|
ALX
1955
Alexander's
ALX
$1.4B
| $1.81M | ﹤0.01% |
5,191
+600
| +13% | +$220K |
|
|
TYPE
1956
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $1.8M | ﹤0.01% |
91,026
+3,691
| +4% | +$70.2K |
|
1957
Enova International
ENVA
$6.58B
| $1.8M | ﹤0.01% |
86,694
+12,313
| +17% | +$291K |
|
|
NSTG
1958
DELISTED
NanoString Technologies, Inc.
NSTG
| $1.8M | ﹤0.01% |
83,343
+27,762
| +50% | +$737K |
|
1959
BJ's Restaurants
BJRI
$1.43B
| $1.8M | ﹤0.01% |
46,298
+5,599
| +14% | +$216K |
|
|
TRHC
1960
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
| $1.79M | ﹤0.01% |
32,600
+24,100
| +284% | +$1.38M |
|
1961
Extreme Networks
EXTR
$3.21B
| $1.79M | ﹤0.01% |
245,659
+32,952
| +15% | +$238K |
|
1962
Omega Flex
OFLX
$289M
| $1.77M | ﹤0.01% |
17,335
+568
| +3% | +$47.1K |
|
|
ODP
1963
DELISTED
ODP
ODP
| $1.77M | ﹤0.01% |
100,750
+19,764
| +24% | +$340K |
|
|
BFS
1964
Saul Centers
BFS
$854M
| $1.76M | ﹤0.01% |
32,346
+4,167
| +15% | +$222K |
|
|
TUP
1965
DELISTED
Tupperware Brands Corporation
TUP
| $1.76M | ﹤0.01% |
110,942
+33,604
| +43% | +$519K |
|
1966
Carriage Services
CSV
$556M
| $1.76M | ﹤0.01% |
86,111
+5,583
| +7% | +$116K |
|
1967
1-800-Flowers.com
FLWS
$266M
| $1.76M | ﹤0.01% |
118,799
+11,772
| +11% | +$204K |
|
1968
Clarivate
CLVT
$1.23B
| $1.76M | ﹤0.01% |
104,155
+86,213
| +481% | +$1.43M |
|
1969
New Mountain Finance
NMFC
$739M
| $1.75M | ﹤0.01% |
128,400
+105,700
| +466% | +$1.44M |
|
|
FIT
1970
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $1.75M | ﹤0.01% |
458,598
+63,400
| +16% | +$236K |
|
1971
Karyopharm Therapeutics
KPTI
$45.8M
| $1.75M | ﹤0.01% |
12,100
+1,427
| +13% | +$193K |
|
1972
LeMaitre Vascular
LMAT
$1.89B
| $1.74M | ﹤0.01% |
50,981
+5,783
| +13% | +$185K |
|
|
AEGN
1973
DELISTED
Aegion Corp
AEGN
| $1.74M | ﹤0.01% |
81,515
-10,649
| -12% | -$206K |
|
|
MRLN
1974
DELISTED
Marlin Business Services Corp
MRLN
| $1.74M | ﹤0.01% |
69,151
+3,700
| +6% | +$86.1K |
|
1975
Genesco
GCO
$391M
| $1.74M | ﹤0.01% |
43,386
+5,169
| +14% | +$199K |
|
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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.