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 | 21.86% |
| 2 | Healthcare | 14.24% |
| 3 | Financials | 13.06% |
| 4 | Consumer Discretionary | 11.13% |
| 5 | Communication Services | 9.49% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2251
Camden National
CAC
$990M
| $1.43M | ﹤0.01% |
29,878
-3,358
| -10% | -$141K |
|
|
TRST
2252
Trustco Bank Corp NY
TRST
$963M
| $1.43M | ﹤0.01% |
38,760
-3,518
| -8% | -$124K |
|
|
UMH
2253
UMH Properties
UMH
$1.39B
| $1.43M | ﹤0.01% |
74,500
-7,120
| -9% | -$120K |
|
|
CIR
2254
DELISTED
CIRCOR International, Inc
CIR
| $1.43M | ﹤0.01% |
41,000
-3,610
| -8% | -$130K |
|
2255
Manitowoc
MTW
$727M
| $1.42M | ﹤0.01% |
69,000
-10,384
| -13% | -$172K |
|
2256
QCR Holdings
QCRH
$1.73B
| $1.42M | ﹤0.01% |
30,100
-4,476
| -13% | -$192K |
|
2257
Skillsoft
SKIL
$78.7M
| $1.42M | ﹤0.01% |
7,080
| – | – |
|
|
SPTN
2258
DELISTED
SpartanNash
SPTN
| $1.42M | ﹤0.01% |
72,100
-12,619
| -15% | -$239K |
|
|
NGM
2259
DELISTED
NGM Biopharmaceuticals, Inc. Common Stock
NGM
| $1.41M | ﹤0.01% |
48,500
| – | – |
|
|
MTLS
2260
Materialise
MTLS
$393M
| $1.41M | ﹤0.01% |
39,200
-4,248
| -10% | -$236K |
|
2261
Community Trust Bancorp
CTBI
$1.44B
| $1.41M | ﹤0.01% |
31,900
-2,859
| -8% | -$118K |
|
2262
BrightView Holdings
BV
$1.08B
| $1.4M | ﹤0.01% |
83,200
-7,681
| -8% | -$123K |
|
|
ARCE
2263
DELISTED
Arco Platform Limited Class A Common Shares
ARCE
| $1.4M | ﹤0.01% |
55,400
| – | – |
|
2264
1-800-Flowers.com
FLWS
$262M
| $1.4M | ﹤0.01% |
50,800
-6,188
| -11% | -$184K |
|
2265
PetMed Express
PETS
$43M
| $1.4M | ﹤0.01% |
39,800
-3,712
| -9% | -$129K |
|
2266
Inseego
INSG
$82.6M
| $1.4M | ﹤0.01% |
13,970
-1,666
| -11% | -$243K |
|
2267
Star Bulk Carriers
SBLK
$3.11B
| $1.39M | ﹤0.01% |
94,800
-8,581
| -8% | -$111K |
|
|
HSII
2268
DELISTED
Heidrick & Struggles
HSII
| $1.39M | ﹤0.01% |
38,900
-3,585
| -8% | -$122K |
|
|
XENT
2269
DELISTED
Intersect ENT, Inc
XENT
| $1.39M | ﹤0.01% |
66,500
| – | – |
|
2270
Genesco
GCO
$391M
| $1.38M | ﹤0.01% |
29,100
-4,452
| -13% | -$191K |
|
|
CIVI
2271
DELISTED
Civitas Resources
CIVI
| $1.38M | ﹤0.01% |
38,500
-5,818
| -13% | -$164K |
|
2272
Unitil
UTL
$984M
| $1.38M | ﹤0.01% |
30,100
-2,717
| -8% | -$119K |
|
|
ATRS
2273
DELISTED
Antares Pharma, Inc.
ATRS
| $1.37M | ﹤0.01% |
334,300
| – | – |
|
2274
Alpha and Omega Semiconductor
AOSL
$916M
| $1.37M | ﹤0.01% |
42,000
-6,287
| -13% | -$206K |
|
2275
Liberty Media Series A
FWONA
$23.7B
| $1.37M | ﹤0.01% |
37,320
-13,578
| -27% | -$507K |
|
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.