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 | |
|---|---|---|---|---|---|---|
2451
Oppenheimer Holdings
OPY
$1.21B
| $683K | ﹤0.01% |
22,714
+2,517
| +12% | +$72.3K |
|
|
VTLE
2452
DELISTED
Vital Energy
VTLE
| $677K | ﹤0.01% |
14,040
+2,563
| +22% | +$142K |
|
|
RBNC
2453
DELISTED
Reliant Bancorp, Inc. Common Stock
RBNC
| $676K | ﹤0.01% |
28,200
+1,500
| +6% | +$35K |
|
|
ENBL
2454
DELISTED
ENABLE MIDSTREAM PARTNERS, LP
ENBL
| $676K | ﹤0.01% |
56,187
+35,705
| +174% | +$466K |
|
|
ACH
2455
Accendra Health
ACH
$96.5M
| $675K | ﹤0.01% |
116,168
+17,337
| +18% | +$77.8K |
|
|
RAD
2456
DELISTED
Rite Aid Corporation
RAD
| $675K | ﹤0.01% |
97,115
+12,708
| +15% | +$91.2K |
|
|
JCAP
2457
DELISTED
Jernigan Capital, Inc.
JCAP
| $675K | ﹤0.01% |
35,053
+4,093
| +13% | +$81.1K |
|
2458
Graham Corp
GHM
$1.28B
| $673K | ﹤0.01% |
33,900
+1,900
| +6% | +$37.2K |
|
|
IIN
2459
DELISTED
IntriCon Corporation
IIN
| $673K | ﹤0.01% |
34,616
+1,900
| +6% | +$36.7K |
|
2460
Manchester United
MANU
$3.8B
| $670K | ﹤0.01% |
40,801
+6,018
| +17% | +$106K |
|
2461
MediWound
MDWD
$179M
| $670K | ﹤0.01% |
30,214
+1,657
| +6% | +$36.8K |
|
2462
McEwen Inc
MUX
$1.17B
| $670K | ﹤0.01% |
42,918
-2,274
| -5% | -$41.4K |
|
|
HOME
2463
DELISTED
At Home Group Inc.
HOME
| $670K | ﹤0.01% |
69,600
+8,100
| +13% | +$55.3K |
|
|
PDLI
2464
DELISTED
PDL BioPharma, Inc.
PDLI
| $668K | ﹤0.01% |
309,271
+21,319
| +7% | +$57K |
|
2465
Fuel Tech
FTEK
$43.7M
| $666K | ﹤0.01% |
668,420
+36,600
| +6% | +$39.1K |
|
2466
TriplePoint Venture Growth BDC
TPVG
$214M
| $664K | ﹤0.01% |
+40,323
| New | +$632K |
|
2467
National Beverage
FIZZ
$2.89B
| $657K | ﹤0.01% |
29,600
+5,600
| +23% | +$121K |
|
|
LORL
2468
DELISTED
Loral Space and Communications, Inc.
LORL
| $657K | ﹤0.01% |
15,876
+2,532
| +19% | +$94.9K |
|
2469
Farmers National Banc Corp
FMNB
$952M
| $655K | ﹤0.01% |
45,235
-6,425
| -12% | -$91.6K |
|
2470
Ingles Markets
IMKTA
$1.65B
| $654K | ﹤0.01% |
16,836
+2,400
| +17% | +$85.1K |
|
|
SMMF
2471
DELISTED
Summit Financial Group, Inc.
SMMF
| $654K | ﹤0.01% |
25,563
+3,262
| +15% | +$84.2K |
|
|
TBCH
2472
Turtle Beach Corp
TBCH
$256M
| $649K | ﹤0.01% |
55,600
+3,000
| +6% | +$29.8K |
|
|
FLNT
2473
Fluent
FLNT
$123M
| $645K | ﹤0.01% |
39,330
+1,479
| +4% | +$35.4K |
|
|
EEX
2474
DELISTED
Emerald Holding
EEX
| $644K | ﹤0.01% |
66,151
+4,895
| +8% | +$50K |
|
|
BHR
2475
Braemar Hotels & Resorts
BHR
$138M
| $639K | ﹤0.01% |
68,743
+9,043
| +15% | +$82K |
|
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.