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 | |
|---|---|---|---|---|---|---|
|
AERI
2126
DELISTED
Aerie Pharmaceuticals
AERI
| $1.35M | ﹤0.01% |
70,300
+43,200
| +159% | +$990K |
|
|
NPKI
2127
NPK International
NPKI
$1.18B
| $1.35M | ﹤0.01% |
176,877
+24,900
| +16% | +$176K |
|
|
FLIC
2128
DELISTED
First of Long Island Corp
FLIC
| $1.34M | ﹤0.01% |
59,140
+17,595
| +42% | +$387K |
|
|
TCDA
2129
DELISTED
Tricida, Inc. Common Stock
TCDA
| $1.34M | ﹤0.01% |
43,541
+36,620
| +529% | +$1.23M |
|
2130
Modine Manufacturing
MOD
$10.5B
| $1.34M | ﹤0.01% |
118,114
+15,534
| +15% | +$184K |
|
2131
HealthStream
HSTM
$829M
| $1.34M | ﹤0.01% |
51,718
+11,944
| +30% | +$321K |
|
|
SBR
2132
Sabine Royalty Trust
SBR
$1.06B
| $1.34M | ﹤0.01% |
30,849
+4,318
| +16% | +$193K |
|
|
DHIL
2133
DELISTED
Diamond Hill
DHIL
| $1.33M | ﹤0.01% |
9,668
+1,139
| +13% | +$155K |
|
2134
Peoples Bancorp
PEBO
$1.47B
| $1.33M | ﹤0.01% |
41,938
+3,423
| +9% | +$109K |
|
|
RESI
2135
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $1.33M | ﹤0.01% |
115,206
+15,349
| +15% | +$178K |
|
|
ZIXI
2136
DELISTED
Zix Corporation
ZIXI
| $1.33M | ﹤0.01% |
183,693
-37,127
| -17% | -$309K |
|
2137
OneSpan
OSPN
$601M
| $1.33M | ﹤0.01% |
91,653
+12,371
| +16% | +$179K |
|
2138
Marchex
MCHX
$77.1M
| $1.32M | ﹤0.01% |
421,890
+23,100
| +6% | +$88.9K |
|
2139
NewtekOne
NEWT
$368M
| $1.31M | ﹤0.01% |
58,234
+5,600
| +11% | +$124K |
|
2140
Hess Midstream
HESM
$5.2B
| $1.31M | ﹤0.01% |
68,208
+6,300
| +10% | +$123K |
|
2141
Applied Optoelectronics
AAOI
$11.4B
| $1.31M | ﹤0.01% |
116,600
+6,400
| +6% | +$64.2K |
|
|
LDL
2142
DELISTED
Lydall, Inc.
LDL
| $1.31M | ﹤0.01% |
52,522
+5,400
| +11% | +$115K |
|
2143
Pacific Biosciences
PACB
$354M
| $1.31M | ﹤0.01% |
253,024
+58,382
| +30% | +$327K |
|
2144
MGP Ingredients
MGPI
$393M
| $1.3M | ﹤0.01% |
26,261
+3,900
| +17% | +$219K |
|
2145
AdvanSix
ASIX
$452M
| $1.3M | ﹤0.01% |
50,574
+7,295
| +17% | +$177K |
|
|
GOOD
2146
Gladstone Commercial Corp
GOOD
$619M
| $1.29M | ﹤0.01% |
55,124
+5,451
| +11% | +$121K |
|
2147
Hawkins
HWKN
$2.71B
| $1.29M | ﹤0.01% |
60,868
+11,052
| +22% | +$242K |
|
2148
E.W. Scripps
SSP
$307M
| $1.29M | ﹤0.01% |
97,323
-22,779
| -19% | -$313K |
|
2149
Plug Power
PLUG
$3.1B
| $1.28M | ﹤0.01% |
488,031
+60,651
| +14% | +$141K |
|
2150
Unity Bancorp
UNTY
$609M
| $1.28M | ﹤0.01% |
57,843
+3,200
| +6% | +$66.2K |
|
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.