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 | 18.65% |
| 2 | Technology | 17.16% |
| 3 | Healthcare | 13% |
| 4 | Industrials | 10.77% |
| 5 | Consumer Discretionary | 10.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1551
Acadia Pharmaceuticals
ACAD
$4.89B
| $3.4M | ﹤0.01% |
151,500
-7,300
| -5% | -$202K |
|
1552
Omnicell
OMCL
$1.69B
| $3.4M | ﹤0.01% |
78,438
-9,190
| -10% | -$422K |
|
|
ROIC
1553
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $3.4M | ﹤0.01% |
192,291
+4,055
| +2% | +$72.8K |
|
1554
Renasant Corp
RNST
$4B
| $3.4M | ﹤0.01% |
79,785
+12,495
| +19% | +$538K |
|
|
SJI
1555
DELISTED
South Jersey Industries, Inc.
SJI
| $3.39M | ﹤0.01% |
120,351
-4,280
| -3% | -$120K |
|
|
TARO
1556
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $3.38M | ﹤0.01% |
34,258
+3,297
| +11% | +$334K |
|
|
EPAY
1557
DELISTED
Bottomline Technologies Inc
EPAY
| $3.37M | ﹤0.01% |
86,875
+8,330
| +11% | +$311K |
|
1558
Scansource
SCSC
$1.06B
| $3.36M | ﹤0.01% |
94,588
-706
| -0.7% | -$24.1K |
|
1559
BioXcel Therapeutics
BTAI
$34.9M
| $3.36M | ﹤0.01% |
+20,519
| New | +$3.43M |
|
1560
Lithia Motors
LAD
$8.32B
| $3.35M | ﹤0.01% |
33,378
+601
| +2% | +$68K |
|
1561
Compañía de Minas Buenaventura
BVN
$8.79B
| $3.35M | ﹤0.01% |
219,843
-135,141
| -38% | -$2.05M |
|
1562
US Physical Therapy
USPH
$1.22B
| $3.35M | ﹤0.01% |
41,165
+3,640
| +10% | +$282K |
|
|
DCH
1563
Dauch Corp
DCH
$1.61B
| $3.34M | ﹤0.01% |
219,667
-28,001
| -11% | -$460K |
|
|
CVGW
1564
DELISTED
Calavo Growers
CVGW
| $3.34M | ﹤0.01% |
36,235
+1,146
| +3% | +$100K |
|
|
AREX
1565
DELISTED
Approach Resources Inc.
AREX
| $3.33M | ﹤0.01% |
1,274,300
| – | – |
|
1566
Insmed
INSM
$28.9B
| $3.32M | ﹤0.01% |
147,600
+61,000
| +70% | +$1.61M |
|
1567
UFP Industries
UFPI
$5.06B
| $3.32M | ﹤0.01% |
102,356
+35,758
| +54% | +$1.27M |
|
|
CUTR
1568
DELISTED
Cutera, Inc.
CUTR
| $3.31M | ﹤0.01% |
65,844
-1,095
| -2% | -$53.5K |
|
|
CONN
1569
DELISTED
Conn's Inc.
CONN
| $3.31M | ﹤0.01% |
97,294
-41,440
| -30% | -$1.38M |
|
|
ALEX
1570
DELISTED
Alexander & Baldwin
ALEX
| $3.3M | ﹤0.01% |
142,839
+49,742
| +53% | +$1.24M |
|
1571
Kelly Services Class A
KELYA
$566M
| $3.3M | ﹤0.01% |
113,746
-29,634
| -21% | -$862K |
|
|
FFIC
1572
DELISTED
Flushing Financial
FFIC
| $3.3M | ﹤0.01% |
122,455
+800
| +0.7% | +$22.2K |
|
1573
First Financial Bancorp
FFBC
$3.6B
| $3.3M | ﹤0.01% |
112,303
+5,458
| +5% | +$154K |
|
|
RWT
1574
Redwood Trust
RWT
$599M
| $3.29M | ﹤0.01% |
212,835
-31,978
| -13% | -$480K |
|
|
AHT
1575
Ashford Hospitality Trust
AHT
$20.2M
| $3.29M | ﹤0.01% |
515
-35
| -6% | -$219K |
|
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 19% 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.