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 | |
|---|---|---|---|---|---|---|
2101
GrafTech
EAF
$206M
| $1.41M | ﹤0.01% |
10,991
+1,720
| +19% | +$204K |
|
2102
Garrett Motion
GTX
$5.43B
| $1.41M | ﹤0.01% |
141,142
+23,273
| +20% | +$286K |
|
2103
Liberty Latin America Class A
LILA
$1.68B
| $1.41M | ﹤0.01% |
128,621
+8,997
| +8% | +$96.8K |
|
2104
DXP Enterprises
DXPE
$3.03B
| $1.4M | ﹤0.01% |
40,405
+5,268
| +15% | +$177K |
|
2105
OneSpaWorld
OSW
$2.64B
| $1.4M | ﹤0.01% |
89,998
+77,087
| +597% | +$1.21M |
|
|
RTLR
2106
DELISTED
Rattler Midstream LP Common Units
RTLR
| $1.4M | ﹤0.01% |
+78,373
| New | +$1.45M |
|
|
BPMP
2107
DELISTED
BP Midstream Partners LP Common Units representing Limited Partner Interests
BPMP
| $1.4M | ﹤0.01% |
95,652
+21,145
| +28% | +$320K |
|
|
VNET
2108
VNET Group
VNET
$2.14B
| $1.4M | ﹤0.01% |
183,059
+85,697
| +88% | +$658K |
|
2109
Miller Industries
MLR
$620M
| $1.39M | ﹤0.01% |
41,841
+2,028
| +5% | +$64.7K |
|
|
SLCA
2110
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $1.39M | ﹤0.01% |
145,374
+27,241
| +23% | +$314K |
|
|
ORIT
2111
DELISTED
Oritani Financial Corp. New
ORIT
| $1.38M | ﹤0.01% |
78,072
+27,632
| +55% | +$482K |
|
2112
China Yuchai International
CYD
$1.75B
| $1.38M | ﹤0.01% |
106,509
+41,573
| +64% | +$576K |
|
|
ATNX
2113
DELISTED
Athenex, Inc. Common Stock
ATNX
| $1.38M | ﹤0.01% |
5,659
+3,254
| +135% | +$1.06M |
|
|
VCRA
2114
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $1.38M | ﹤0.01% |
55,800
+42,273
| +313% | +$1.1M |
|
2115
Shutterstock
SSTK
$200M
| $1.37M | ﹤0.01% |
38,033
+10,701
| +39% | +$393K |
|
2116
Capital City Bank Group
CCBG
$888M
| $1.37M | ﹤0.01% |
49,973
+4,300
| +9% | +$109K |
|
|
LTRPA
2117
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $1.37M | ﹤0.01% |
145,808
+24,331
| +20% | +$254K |
|
|
GOGL
2118
DELISTED
Golden Ocean Group
GOGL
| $1.37M | ﹤0.01% |
235,534
+29,413
| +14% | +$179K |
|
2119
Mercantile Bank Corp
MBWM
$1.05B
| $1.36M | ﹤0.01% |
41,630
+4,942
| +13% | +$159K |
|
2120
Monarch Casino & Resort
MCRI
$2.19B
| $1.36M | ﹤0.01% |
32,741
+3,910
| +14% | +$174K |
|
|
IPHS
2121
DELISTED
Innophos Holdings, Inc.
IPHS
| $1.36M | ﹤0.01% |
41,912
+16,772
| +67% | +$483K |
|
2122
Denali Therapeutics
DNLI
$3.95B
| $1.36M | ﹤0.01% |
88,673
+73,291
| +476% | +$1.4M |
|
2123
Team
TISI
$104M
| $1.36M | ﹤0.01% |
7,523
+843
| +13% | +$139K |
|
|
WLL
2124
DELISTED
Whiting Petroleum Corporation
WLL
| $1.35M | ﹤0.01% |
2,249
+752
| +50% | +$638K |
|
2125
Buckle
BKE
$2.37B
| $1.35M | ﹤0.01% |
65,682
+8,200
| +14% | +$158K |
|
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.