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 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$296M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$240M |
| 3 |
JOBS
51job Inc
JOBS
|
+$22.5M |
| 4 |
Intel
INTC
|
+$22.1M |
| 5 |
WP
Worldpay, Inc.
WP
|
+$21.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$334M |
| 2 |
Amazon
AMZN
|
+$151M |
| 3 |
Johnson & Johnson
JNJ
|
+$80M |
| 4 |
Microsoft
MSFT
|
+$69.8M |
| 5 |
Meta Platforms (Facebook)
META
|
+$65.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.47% |
| 2 | Technology | 16.8% |
| 3 | Healthcare | 12.75% |
| 4 | Industrials | 10.63% |
| 5 | Consumer Discretionary | 10.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SCHW
101
Charles Schwab
SCHW
$189B
| $131M | 0.19% |
2,514,488
-153,847
| -6% | -$8.24M |
|
102
Illinois Tool Works
ITW
$83.3B
| $131M | 0.19% |
836,639
-58,322
| -7% | -$9.68M |
|
103
EOG Resources
EOG
$75.1B
| $130M | 0.19% |
1,235,280
-118,980
| -9% | -$12.8M |
|
104
Duke Energy
DUK
$96.3B
| $129M | 0.18% |
1,671,110
-439,749
| -21% | -$34M |
|
105
Occidental Petroleum
OXY
$58.5B
| $129M | 0.18% |
1,991,917
-74,841
| -4% | -$5.23M |
|
106
Valero Energy
VLO
$95.1B
| $129M | 0.18% |
1,393,249
-15,929
| -1% | -$1.49M |
|
|
AGN
107
DELISTED
Allergan plc
AGN
| $129M | 0.18% |
767,018
+48,218
| +7% | +$8.09M |
|
108
Becton Dickinson
BDX
$50B
| $128M | 0.18% |
604,225
-46,287
| -7% | -$10.1M |
|
109
General Motors
GM
$76.1B
| $127M | 0.18% |
3,497,556
-198,450
| -5% | -$8.05M |
|
110
Simon Property Group
SPG
$71.4B
| $125M | 0.18% |
808,997
+6,265
| +0.8% | +$997K |
|
111
Deere & Co
DE
$167B
| $124M | 0.18% |
798,167
-32,143
| -4% | -$5.21M |
|
112
Humana
HUM
$46.7B
| $124M | 0.18% |
460,640
+24,982
| +6% | +$6.76M |
|
113
Automatic Data Processing
ADP
$107B
| $123M | 0.18% |
1,087,964
-36,577
| -3% | -$4.27M |
|
114
Cognizant
CTSH
$26.2B
| $123M | 0.18% |
1,531,079
+74,753
| +5% | +$5.91M |
|
115
Stryker
SYK
$133B
| $123M | 0.18% |
764,240
-21,116
| -3% | -$3.4M |
|
116
Micron Technology
MU
$1.03T
| $122M | 0.17% |
2,349,117
-120,687
| -5% | -$5.78M |
|
117
Ford
F
$55.1B
| $121M | 0.17% |
10,887,203
+636,082
| +6% | +$7.18M |
|
|
MON
118
DELISTED
Monsanto Co
MON
| $120M | 0.17% |
1,031,003
-189,527
| -16% | -$22.8M |
|
119
CSX Corp
CSX
$92.8B
| $120M | 0.17% |
6,458,682
-620,091
| -9% | -$11.6M |
|
120
Intuitive Surgical
ISRG
$142B
| $117M | 0.17% |
850,893
-67,500
| -7% | -$9.42M |
|
|
ESRX
121
DELISTED
Express Scripts Holding Company
ESRX
| $116M | 0.16% |
1,674,731
+29,644
| +2% | +$2.26M |
|
122
Prudential Financial
PRU
$42.3B
| $116M | 0.16% |
1,116,710
-54,193
| -5% | -$6.11M |
|
123
Phillips 66
PSX
$90B
| $113M | 0.16% |
1,176,427
-443
| -0% | -$43.1K |
|
124
S&P Global
SPGI
$121B
| $113M | 0.16% |
589,121
-133,966
| -19% | -$24.7M |
|
|
ATVI
125
DELISTED
Activision Blizzard
ATVI
| $112M | 0.16% |
1,665,969
-92,496
| -5% | -$6.53M |
|
Similar funds
California Public Employees Retirement System's Q1 2018 Portfolio in Review
As of Q1 2018, California Public Employees Retirement System held 3,399 positions worth $70.2B, down 5.1% from $74B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
California Public Employees Retirement System withdrew a net $2.88B in Q1 2018, closing 114 positions and reducing 1,632 holdings. Its most notable exit was Scripps Networks Interactive, Inc Common Class A, an estimated $21M position sold in full.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
Against the trend, California Public Employees Retirement System opened a new position in GCI Liberty, Inc. Class A Common Stock (DE) worth $15.4M.
- California Public Employees Retirement System's largest Q1 2018 buy was GCI Liberty, Inc. Class A Common Stock (DE): 291,278 shares worth $15.4M.
- California Public Employees Retirement System added most to Athene Holding Ltd. Class A Common Shares in Q1 2018, an estimated $296M increase.
- California Public Employees Retirement System's biggest Q1 2018 reduction was Alphabet (Google) Class C, cutting an estimated $334M.
- California Public Employees Retirement System fully exited Scripps Networks Interactive, Inc Common Class A in Q1 2018, selling an estimated $21M.
- California Public Employees Retirement System's ten largest holdings make up 16% of its $70.2B portfolio in Q1 2018.
- California Public Employees Retirement System opened 83 new positions and closed 114 in Q1 2018.
- California Public Employees Retirement System's portfolio value fell 5.1% quarter-over-quarter to $70.2B.
Based on California Public Employees Retirement System's 13F filing for Q1 2018, filed 11 May 2018.