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 |
Walt Disney
DIS
|
+$135M |
| 2 |
Coca-Cola
KO
|
+$126M |
| 3 |
PepsiCo
PEP
|
+$122M |
| 4 |
Procter & Gamble
PG
|
+$102M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$101M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$292M |
| 2 |
Mastercard
MA
|
+$244M |
| 3 |
Apple
AAPL
|
+$197M |
| 4 |
RTN
Raytheon Company
RTN
|
+$143M |
| 5 |
Northrop Grumman
NOC
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.9% |
| 2 | Financials | 15.4% |
| 3 | Healthcare | 14.11% |
| 4 | Consumer Discretionary | 10.08% |
| 5 | Industrials | 8.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1601
Huron Consulting
HURN
$2.43B
| $2.59M | ﹤0.01% |
54,840
-11,687
| -18% | -$577K |
|
1602
Southside Bancshares
SBSI
$985M
| $2.59M | ﹤0.01% |
77,920
-1,300
| -2% | -$44.1K |
|
|
BECN
1603
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $2.58M | ﹤0.01% |
80,355
-4,275
| -5% | -$150K |
|
1604
Perdoceo Education
PRDO
$1.99B
| $2.58M | ﹤0.01% |
156,166
-13,061
| -8% | -$189K |
|
1605
NGL Energy Partners
NGL
$2.23B
| $2.58M | ﹤0.01% |
183,604
+8,893
| +5% | +$110K |
|
|
FOE
1606
DELISTED
Ferro Corporation
FOE
| $2.57M | ﹤0.01% |
135,884
-11,792
| -8% | -$208K |
|
|
CSFL
1607
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $2.56M | ﹤0.01% |
107,589
-8,025
| -7% | -$198K |
|
1608
The Greenbrier Companies
GBX
$1.41B
| $2.56M | ﹤0.01% |
79,470
-11,310
| -12% | -$450K |
|
1609
GoPro
GPRO
$110M
| $2.56M | ﹤0.01% |
393,901
+36,643
| +10% | +$205K |
|
1610
Medpace
MEDP
$16.2B
| $2.56M | ﹤0.01% |
43,356
-700
| -2% | -$41.8K |
|
1611
SFL Corp
SFL
$1.65B
| $2.56M | ﹤0.01% |
207,110
-21,231
| -9% | -$257K |
|
1612
Halozyme
HALO
$11.2B
| $2.55M | ﹤0.01% |
158,602
-2,100
| -1% | -$34K |
|
1613
Yext
YEXT
$597M
| $2.55M | ﹤0.01% |
116,753
-1,700
| -1% | -$30.8K |
|
1614
REX American Resources
REX
$1.46B
| $2.55M | ﹤0.01% |
189,840
-10,596
| -5% | -$134K |
|
1615
Anika Therapeutics
ANIK
$289M
| $2.54M | ﹤0.01% |
84,156
+21,600
| +35% | +$740K |
|
1616
Tilly's
TLYS
$122M
| $2.54M | ﹤0.01% |
228,550
+52,916
| +30% | +$627K |
|
1617
Kura Oncology
KURA
$948M
| $2.54M | ﹤0.01% |
153,300
| – | – |
|
|
EFII
1618
DELISTED
Electronics for Imaging
EFII
| $2.54M | ﹤0.01% |
94,418
-2,048
| -2% | -$53.9K |
|
|
NVRO
1619
DELISTED
NEVRO CORP.
NVRO
| $2.54M | ﹤0.01% |
40,600
-1,100
| -3% | -$51.7K |
|
1620
Viper Energy
VNOM
$15.2B
| $2.53M | ﹤0.01% |
76,424
+8,973
| +13% | +$287K |
|
|
GBT
1621
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $2.53M | ﹤0.01% |
47,867
-700
| -1% | -$34.4K |
|
1622
Iovance Biotherapeutics
IOVA
$2.98B
| $2.53M | ﹤0.01% |
265,600
-20,840
| -7% | -$202K |
|
|
ZGNX
1623
DELISTED
Zogenix, Inc.
ZGNX
| $2.52M | ﹤0.01% |
45,875
-700
| -2% | -$33.3K |
|
|
ENV
1624
DELISTED
ENVESTNET, INC.
ENV
| $2.52M | ﹤0.01% |
38,518
-400
| -1% | -$23K |
|
1625
CRISPR Therapeutics
CRSP
$5.14B
| $2.52M | ﹤0.01% |
70,500
-2,057
| -3% | -$71.1K |
|
Similar funds
California Public Employees Retirement System's Q1 2019 Portfolio in Review
As of Q1 2019, California Public Employees Retirement System held 3,308 positions worth $81.2B, up 14% from $71.3B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 4.6%. California Public Employees Retirement System opened 56 new positions and exited 97, leaving the 3,308-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 17% a quarter earlier, followed by Financials and Healthcare.
- California Public Employees Retirement System's largest Q1 2019 buy was Fox Class B: 1,093,604 shares worth $39.2M.
- California Public Employees Retirement System added most to Walt Disney in Q1 2019, an estimated $135M increase.
- California Public Employees Retirement System's biggest Q1 2019 reduction was Athene Holding Ltd. Class A Common Shares, cutting an estimated $292M.
- California Public Employees Retirement System fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $84.9M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $81.2B portfolio in Q1 2019.
- California Public Employees Retirement System opened 56 new positions and closed 97 in Q1 2019.
- California Public Employees Retirement System's portfolio value rose 14% quarter-over-quarter to $81.2B.
Based on California Public Employees Retirement System's 13F filing for Q1 2019, filed 3 May 2019.