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 | |
|---|---|---|---|---|---|---|
|
MIK
2001
DELISTED
Michaels Stores, Inc
MIK
| $1.66M | ﹤0.01% |
169,406
+13,844
| +9% | +$103K |
|
|
TWOU
2002
DELISTED
2U Inc
TWOU
| $1.66M | ﹤0.01% |
3,390
+927
| +38% | +$666K |
|
|
SWI
2003
DELISTED
SolarWinds Corporation Common Stock
SWI
| $1.65M | ﹤0.01% |
84,994
+72,984
| +608% | +$1.39M |
|
2004
Stock Yards Bancorp
SYBT
$2.64B
| $1.65M | ﹤0.01% |
44,995
+14,989
| +50% | +$547K |
|
|
UBNK
2005
DELISTED
United Financial Bancorp, Inc.
UBNK
| $1.65M | ﹤0.01% |
121,025
+11,100
| +10% | +$150K |
|
|
RDUS
2006
DELISTED
Radius Recycling
RDUS
| $1.65M | ﹤0.01% |
79,653
+9,521
| +14% | +$230K |
|
2007
Tucows
TCX
$134M
| $1.65M | ﹤0.01% |
30,385
+3,400
| +13% | +$177K |
|
|
LTHM
2008
DELISTED
Livent Corporation
LTHM
| $1.64M | ﹤0.01% |
244,400
+72,096
| +42% | +$485K |
|
2009
StealthGas
GASS
$343M
| $1.63M | ﹤0.01% |
538,400
+29,500
| +6% | +$101K |
|
2010
Upland Software
UPLD
$17.9M
| $1.63M | ﹤0.01% |
4,666
+3,920
| +525% | +$1.63M |
|
2011
AnaptysBio
ANAB
$1.66B
| $1.62M | ﹤0.01% |
46,400
+21,400
| +86% | +$1.02M |
|
|
FFIC
2012
DELISTED
Flushing Financial
FFIC
| $1.62M | ﹤0.01% |
80,395
-6,851
| -8% | -$140K |
|
2013
Malibu Boats
MBUU
$573M
| $1.62M | ﹤0.01% |
52,938
+5,976
| +13% | +$184K |
|
2014
Scansource
SCSC
$1.06B
| $1.62M | ﹤0.01% |
53,081
+14,967
| +39% | +$466K |
|
2015
Sonic Automotive
SAH
$2.51B
| $1.62M | ﹤0.01% |
51,549
-1,835
| -3% | -$49.6K |
|
2016
Utah Medical Products
UTMD
$230M
| $1.62M | ﹤0.01% |
16,893
+1,581
| +10% | +$147K |
|
|
SIRE
2017
DELISTED
Sisecam Resources LP
SIRE
| $1.61M | ﹤0.01% |
87,473
+5,673
| +7% | +$93K |
|
|
HOLI
2018
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $1.61M | ﹤0.01% |
106,238
+41,694
| +65% | +$692K |
|
2019
Gorman-Rupp
GRC
$2.11B
| $1.61M | ﹤0.01% |
46,274
+8,281
| +22% | +$263K |
|
|
CARO
2020
DELISTED
Carolina Financial Corp.
CARO
| $1.61M | ﹤0.01% |
45,295
+20,755
| +85% | +$723K |
|
|
LMNX
2021
DELISTED
Luminex Corp
LMNX
| $1.61M | ﹤0.01% |
77,774
+9,232
| +13% | +$192K |
|
2022
Yeti Holdings
YETI
$3.44B
| $1.6M | ﹤0.01% |
57,322
+18,284
| +47% | +$555K |
|
|
DNR
2023
DELISTED
Denbury Resources, Inc.
DNR
| $1.6M | ﹤0.01% |
1,345,101
+157,400
| +13% | +$181K |
|
2024
Century Communities
CCS
$2.04B
| $1.6M | ﹤0.01% |
52,248
+42,222
| +421% | +$1.18M |
|
2025
Theravance Biopharma
TBPH
$878M
| $1.6M | ﹤0.01% |
81,966
+19,251
| +31% | +$389K |
|
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.