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 | |
|---|---|---|---|---|---|---|
|
BDSI
2176
DELISTED
BioDelivery Sciences International, Inc.
BDSI
| $1.24M | ﹤0.01% |
294,230
+28,800
| +11% | +$123K |
|
|
HTBK
2177
DELISTED
Heritage Commerce
HTBK
| $1.24M | ﹤0.01% |
105,312
+23,395
| +29% | +$278K |
|
2178
Parsons
PSN
$5.15B
| $1.23M | ﹤0.01% |
+37,361
| New | +$1.33M |
|
|
NWLI
2179
DELISTED
National Western Life Group, Inc. Class A
NWLI
| $1.23M | ﹤0.01% |
4,586
+766
| +20% | +$202K |
|
2180
Upwork
UPWK
$1.04B
| $1.22M | ﹤0.01% |
+91,900
| New | +$1.4M |
|
2181
GameStop
GME
$8.44B
| $1.22M | ﹤0.01% |
884,960
+22,988
| +3% | +$24.8K |
|
|
WSR
2182
DELISTED
Whitestone REIT
WSR
| $1.22M | ﹤0.01% |
88,543
+11,260
| +15% | +$145K |
|
2183
Horizon Bancorp
HBNC
$1.05B
| $1.22M | ﹤0.01% |
70,024
+10,937
| +19% | +$182K |
|
2184
MacroGenics
MGNX
$249M
| $1.21M | ﹤0.01% |
95,102
+80,400
| +547% | +$1.16M |
|
|
MCBC
2185
DELISTED
Macatawa Bank Corp
MCBC
| $1.21M | ﹤0.01% |
116,666
+5,263
| +5% | +$53.5K |
|
|
GLOP
2186
DELISTED
GASLOG PARTNERS LP
GLOP
| $1.21M | ﹤0.01% |
63,856
+53,307
| +505% | +$1.07M |
|
2187
Grocery Outlet
GO
$972M
| $1.21M | ﹤0.01% |
+34,811
| New | +$1.32M |
|
2188
Madrigal Pharmaceuticals
MDGL
$12.4B
| $1.21M | ﹤0.01% |
14,000
+7,762
| +124% | +$728K |
|
2189
Regis Corp
RGS
$68.3M
| $1.21M | ﹤0.01% |
2,984
+354
| +13% | +$127K |
|
|
CONN
2190
DELISTED
Conn's Inc.
CONN
| $1.21M | ﹤0.01% |
48,531
+5,437
| +13% | +$114K |
|
2191
Orion Group Holdings
ORN
$396M
| $1.21M | ﹤0.01% |
267,800
+14,700
| +6% | +$60.9K |
|
2192
Ethan Allen Interiors
ETD
$602M
| $1.2M | ﹤0.01% |
62,834
+4,578
| +8% | +$87.1K |
|
2193
Haverty Furniture Companies
HVT
$443M
| $1.2M | ﹤0.01% |
58,994
+5,891
| +11% | +$111K |
|
|
HCCI
2194
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
| $1.2M | ﹤0.01% |
45,116
+4,994
| +12% | +$130K |
|
2195
Alpha and Omega Semiconductor
AOSL
$1.04B
| $1.2M | ﹤0.01% |
97,297
+8,797
| +10% | +$97.2K |
|
2196
AngioDynamics
ANGO
$651M
| $1.19M | ﹤0.01% |
64,744
+11,101
| +21% | +$217K |
|
|
MAGN
2197
Magnera Corp
MAGN
$444M
| $1.19M | ﹤0.01% |
5,958
+169
| +3% | +$33.8K |
|
2198
Powell Industries
POWL
$7.59B
| $1.19M | ﹤0.01% |
91,212
+7,182
| +9% | +$89.4K |
|
2199
Vericel Corp
VCEL
$2.27B
| $1.18M | ﹤0.01% |
78,127
+31,850
| +69% | +$557K |
|
|
MODV
2200
DELISTED
ModivCare
MODV
| $1.18M | ﹤0.01% |
19,854
+3,224
| +19% | +$184K |
|
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.