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 |
Walmart Inc
WMT
|
+$256M |
| 2 |
Target
TGT
|
+$134M |
| 3 |
Abbott
ABT
|
+$111M |
| 4 |
Verizon
VZ
|
+$84.9M |
| 5 |
NetEase
NTES
|
+$84.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alibaba
BABA
|
+$1.01B |
| 2 |
Apple
AAPL
|
+$271M |
| 3 |
Ross Stores
ROST
|
+$166M |
| 4 |
TIF
Tiffany & Co.
TIF
|
+$117M |
| 5 |
NVIDIA
NVDA
|
+$91.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.03% |
| 2 | Healthcare | 14.43% |
| 3 | Financials | 13.13% |
| 4 | Consumer Discretionary | 11.14% |
| 5 | Communication Services | 9.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2051
Suburban Propane Partners
SPH
$1.18B
| $1.88M | ﹤0.01% |
126,900
-21,899
| -15% | -$331K |
|
|
NFH
2052
DELISTED
New Frontier Health Corporation Ordinary Shares
NFH
| $1.88M | ﹤0.01% |
166,172
| – | – |
|
2053
Federal Agricultural Mortgage
AGM
$2.52B
| $1.87M | ﹤0.01% |
18,600
-3,249
| -15% | -$281K |
|
2054
Green Plains
GPRE
$1.09B
| $1.87M | ﹤0.01% |
69,200
-6,404
| -8% | -$147K |
|
2055
Chefs' Warehouse
CHEF
$4.54B
| $1.87M | ﹤0.01% |
61,400
-5,659
| -8% | -$168K |
|
|
SLCA
2056
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $1.87M | ﹤0.01% |
152,100
-22,141
| -13% | -$241K |
|
2057
AdaptHealth
AHCO
$767M
| $1.87M | ﹤0.01% |
50,800
-5,960
| -11% | -$211K |
|
2058
Customers Bancorp
CUBI
$2.82B
| $1.86M | ﹤0.01% |
58,500
-8,783
| -13% | -$231K |
|
2059
InMode
INMD
$880M
| $1.86M | ﹤0.01% |
51,400
-4,536
| -8% | -$147K |
|
2060
Parsons
PSN
$5.01B
| $1.85M | ﹤0.01% |
45,800
-4,255
| -9% | -$161K |
|
2061
CorVel
CRVL
$3.25B
| $1.85M | ﹤0.01% |
54,000
-4,773
| -8% | -$166K |
|
2062
Seaboard Corp
SEB
$4.04B
| $1.84M | ﹤0.01% |
500
-48
| -9% | -$161K |
|
|
BMTC
2063
DELISTED
Bryn Mawr Bank Corp
BMTC
| $1.84M | ﹤0.01% |
40,500
-4,740
| -10% | -$181K |
|
2064
Zumiez
ZUMZ
$319M
| $1.84M | ﹤0.01% |
42,900
-6,297
| -13% | -$280K |
|
2065
SiTime
SITM
$21.1B
| $1.82M | ﹤0.01% |
18,500
-2,149
| -10% | -$252K |
|
|
LGF.A
2066
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $1.82M | ﹤0.01% |
121,500
-17,969
| -13% | -$270K |
|
2067
Simulations Plus
SLP
$371M
| $1.81M | ﹤0.01% |
28,700
-3,328
| -10% | -$244K |
|
|
TVRD
2068
Tvardi Therapeutics
TVRD
$25.1M
| $1.81M | ﹤0.01% |
2,322
| – | – |
|
|
MYOV
2069
DELISTED
Myovant Sciences Ltd.
MYOV
| $1.81M | ﹤0.01% |
88,200
-8,197
| -9% | -$187K |
|
2070
Century Aluminum
CENX
$4.66B
| $1.81M | ﹤0.01% |
102,500
-9,536
| -9% | -$136K |
|
|
DMC
2071
Del Monte Corp
DMC
$1.44B
| $1.81M | ﹤0.01% |
63,200
-5,744
| -8% | -$153K |
|
2072
Washington Trust Bancorp
WASH
$773M
| $1.81M | ﹤0.01% |
35,000
-3,222
| -8% | -$156K |
|
2073
ADC Therapeutics
ADCT
$130M
| $1.8M | ﹤0.01% |
73,925
-15,805
| -18% | -$458K |
|
2074
MidCap Financial Investment
MFIC
$806M
| $1.8M | ﹤0.01% |
131,400
-12,192
| -8% | -$161K |
|
2075
Ingles Markets
IMKTA
$1.67B
| $1.8M | ﹤0.01% |
29,200
-4,299
| -13% | -$225K |
|
Similar funds
California Public Employees Retirement System's Q1 2021 Portfolio in Review
As of Q1 2021, California Public Employees Retirement System held 3,578 positions worth $131B, up 1.3% from $130B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
California Public Employees Retirement System withdrew a net $4.27B in Q1 2021, closing 50 positions and reducing 2,621 holdings. Its most notable exit was Tiffany & Co., an estimated $117M position sold in full.
By sector, the portfolio is most concentrated in Technology at 22% of assets, down from 22% a quarter earlier, followed by Healthcare and Financials.
Against the trend, California Public Employees Retirement System opened a new position in BeOne Medicines Ltd worth $71.6M.
- California Public Employees Retirement System's largest Q1 2021 buy was BeOne Medicines Ltd: 205,769 shares worth $71.6M.
- California Public Employees Retirement System added most to Walmart Inc in Q1 2021, an estimated $256M increase.
- California Public Employees Retirement System's biggest Q1 2021 reduction was Alibaba, cutting an estimated $1.01B.
- California Public Employees Retirement System fully exited Tiffany & Co. in Q1 2021, selling an estimated $117M.
- California Public Employees Retirement System's ten largest holdings make up 17% of its $131B portfolio in Q1 2021.
- California Public Employees Retirement System opened 15 new positions and closed 50 in Q1 2021.
- California Public Employees Retirement System's portfolio value rose 1.3% quarter-over-quarter to $131B.
Based on California Public Employees Retirement System's 13F filing for Q1 2021, filed 14 May 2021.