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 | |
|---|---|---|---|---|---|---|
|
SHYF
2376
DELISTED
The Shyft Group
SHYF
| $812K | ﹤0.01% |
59,175
+8,500
| +17% | +$104K |
|
2377
Atara Biotherapeutics
ATRA
$80.6M
| $810K | ﹤0.01% |
2,294
+838
| +58% | +$313K |
|
2378
Civista Bancshares
CIVB
$592M
| $808K | ﹤0.01% |
37,181
+4,568
| +14% | +$97.7K |
|
2379
Manitowoc
MTW
$702M
| $808K | ﹤0.01% |
64,663
+10,606
| +20% | +$160K |
|
|
WOW
2380
DELISTED
WideOpenWest
WOW
| $807K | ﹤0.01% |
130,936
+6,041
| +5% | +$39.3K |
|
|
NWHM
2381
DELISTED
THE NEW HOME COMPANY INC.
NWHM
| $806K | ﹤0.01% |
184,900
+10,100
| +6% | +$41.5K |
|
|
PEI
2382
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $806K | ﹤0.01% |
9,396
+984
| +12% | +$83.4K |
|
|
AIOT
2383
PowerFleet Inc
AIOT
$381M
| $804K | ﹤0.01% |
146,786
+8,000
| +6% | +$45.4K |
|
|
CNR
2384
Core Natural Resources Inc
CNR
$4.65B
| $803K | ﹤0.01% |
51,379
+7,300
| +17% | +$143K |
|
|
TESS
2385
DELISTED
Tessco Technologies Inc
TESS
| $803K | ﹤0.01% |
55,875
+3,100
| +6% | +$48.2K |
|
|
EIDX
2386
DELISTED
Eidos Therapeutics, Inc. Common Stock
EIDX
| $803K | ﹤0.01% |
+22,331
| New | +$872K |
|
|
ATTO
2387
DELISTED
Atento S.A.
ATTO
| $800K | ﹤0.01% |
57,217
+54,273
| +1,844% | +$678K |
|
2388
Vicor
VICR
$9.72B
| $791K | ﹤0.01% |
26,800
+1,487
| +6% | +$45.9K |
|
|
SMC
2389
Summit Midstream
SMC
$479M
| $790K | ﹤0.01% |
10,842
+692
| +7% | +$63.6K |
|
|
ELVT
2390
DELISTED
Elevate Credit, Inc.
ELVT
| $790K | ﹤0.01% |
187,600
+10,300
| +6% | +$45.7K |
|
|
GPOR
2391
DELISTED
Gulfport Energy Corp.
GPOR
| $789K | ﹤0.01% |
291,224
+40,190
| +16% | +$134K |
|
2392
Flexsteel Industries
FLXS
$307M
| $788K | ﹤0.01% |
53,200
+2,900
| +6% | +$47.3K |
|
|
PRMW
2393
DELISTED
Primo Water Corporation
PRMW
| $777K | ﹤0.01% |
63,305
+3,600
| +6% | +$46.6K |
|
2394
The Bancorp
TBBK
$2.83B
| $776K | ﹤0.01% |
78,384
+11,677
| +18% | +$111K |
|
|
DSPG
2395
DELISTED
DSP Group Inc
DSPG
| $775K | ﹤0.01% |
55,029
+5,771
| +12% | +$83.2K |
|
2396
First Community Bankshares
FCBC
$918M
| $774K | ﹤0.01% |
23,907
+2,900
| +14% | +$94.8K |
|
2397
Donnelley Financial Solutions
DFIN
$1.16B
| $773K | ﹤0.01% |
62,746
+8,100
| +15% | +$100K |
|
|
GHL
2398
DELISTED
Greenhill & Co., Inc.
GHL
| $773K | ﹤0.01% |
58,900
-416
| -0.7% | -$5.95K |
|
|
EXTN
2399
DELISTED
Exterran Corporation
EXTN
| $773K | ﹤0.01% |
59,220
+8,458
| +17% | +$102K |
|
|
ACHN
2400
DELISTED
Achillion Pharmaceuticals
ACHN
| $773K | ﹤0.01% |
214,608
+32,404
| +18% | +$125K |
|
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.