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 | |
|---|---|---|---|---|---|---|
|
TRTX
2276
TPG RE Finance Trust
TRTX
$610M
| $1.37M | ﹤0.01% |
122,000
-11,310
| -8% | -$124K |
|
|
KDMN
2277
DELISTED
Kadmon Holdings, Inc.
KDMN
| $1.36M | ﹤0.01% |
350,800
-32,640
| -9% | -$150K |
|
2278
Nabors Industries
NBR
$1.33B
| $1.36M | ﹤0.01% |
14,600
-1,311
| -8% | -$117K |
|
|
AVID
2279
DELISTED
Avid Technology Inc
AVID
| $1.36M | ﹤0.01% |
64,500
-5,979
| -8% | -$117K |
|
2280
Amphastar Pharmaceuticals
AMPH
$858M
| $1.36M | ﹤0.01% |
74,100
-6,636
| -8% | -$123K |
|
|
ALTA
2281
DELISTED
Altabancorp
ALTA
| $1.36M | ﹤0.01% |
32,300
-2,939
| -8% | -$104K |
|
2282
Goldman Sachs BDC
GSBD
$1.08B
| $1.35M | ﹤0.01% |
70,000
-6,300
| -8% | -$118K |
|
2283
Cass Information Systems
CASS
$742M
| $1.35M | ﹤0.01% |
29,200
-3,475
| -11% | -$151K |
|
2284
DHT Holdings
DHT
$3.09B
| $1.35M | ﹤0.01% |
227,900
-33,451
| -13% | -$194K |
|
|
AERI
2285
DELISTED
Aerie Pharmaceuticals
AERI
| $1.35M | ﹤0.01% |
75,400
-6,937
| -8% | -$120K |
|
2286
Bain Capital Specialty
BCSF
$821M
| $1.34M | ﹤0.01% |
91,000
-8,429
| -8% | -$116K |
|
|
GOOD
2287
Gladstone Commercial Corp
GOOD
$641M
| $1.34M | ﹤0.01% |
68,700
-6,341
| -8% | -$120K |
|
|
EFC
2288
Ellington Financial
EFC
$1.76B
| $1.34M | ﹤0.01% |
83,900
-7,779
| -8% | -$123K |
|
2289
ALX Oncology
ALXO
$278M
| $1.33M | ﹤0.01% |
18,100
-1,663
| -8% | -$131K |
|
2290
The Joint Corp
JYNT
$119M
| $1.33M | ﹤0.01% |
27,600
| – | – |
|
|
TARO
2291
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $1.33M | ﹤0.01% |
18,100
-1,674
| -8% | -$127K |
|
|
ADAP
2292
DELISTED
Adaptimmune Therapeutics
ADAP
| $1.33M | ﹤0.01% |
250,800
-23,093
| -8% | -$132K |
|
|
AMBR
2293
Amber International Holding Ltd
AMBR
$124M
| $1.33M | ﹤0.01% |
11,320
-1,641
| -13% | -$226K |
|
2294
Clear Channel Outdoor Holdings
CCO
$1.23B
| $1.33M | ﹤0.01% |
739,500
-68,232
| -8% | -$129K |
|
|
GPMT
2295
Granite Point Mortgage Trust
GPMT
$58.8M
| $1.33M | ﹤0.01% |
111,100
-16,678
| -13% | -$180K |
|
2296
Ethan Allen Interiors
ETD
$575M
| $1.33M | ﹤0.01% |
48,100
-6,965
| -13% | -$175K |
|
|
CFB
2297
DELISTED
CrossFirst Bankshares, Inc. Common Stock
CFB
| $1.33M | ﹤0.01% |
96,228
-10,324
| -10% | -$133K |
|
2298
Hawkins
HWKN
$2.67B
| $1.32M | ﹤0.01% |
39,400
-3,572
| -8% | -$110K |
|
|
PENG
2299
Penguin Solutions Inc
PENG
$3.12B
| $1.32M | ﹤0.01% |
57,400
-5,414
| -9% | -$117K |
|
|
ECOM
2300
DELISTED
CHANNELADVISOR CORPORATION
ECOM
| $1.32M | ﹤0.01% |
56,100
-4,932
| -8% | -$109K |
|
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.