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 | |
|---|---|---|---|---|---|---|
1626
Ormat Technologies
ORA
$7.07B
| $3.1M | ﹤0.01% |
54,958
-18,460
| -25% | -$1.15M |
|
|
HIMX
1627
Himax Technologies
HIMX
$2.57B
| $3.1M | ﹤0.01% |
502,600
-47,287
| -9% | -$397K |
|
1628
Buckle
BKE
$2.28B
| $3.09M | ﹤0.01% |
139,457
-35,791
| -20% | -$752K |
|
1629
Funko
FNKO
$345M
| $3.08M | ﹤0.01% |
375,400
| – | – |
|
|
HIBB
1630
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $3.08M | ﹤0.01% |
128,618
-22,888
| -15% | -$544K |
|
1631
Heritage Financial
HFWA
$1.23B
| $3.08M | ﹤0.01% |
100,615
+1,442
| +1% | +$44.5K |
|
|
MODV
1632
DELISTED
ModivCare
MODV
| $3.08M | ﹤0.01% |
44,478
+1,178
| +3% | +$76.9K |
|
1633
Orthofix Medical
OFIX
$415M
| $3.06M | ﹤0.01% |
52,104
-9,838
| -16% | -$551K |
|
|
DOC
1634
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $3.06M | ﹤0.01% |
196,585
-6,209
| -3% | -$97.3K |
|
1635
Arcos Dorados Holdings
ARCO
$1.7B
| $3.06M | ﹤0.01% |
343,516
-111,459
| -24% | -$1.05M |
|
|
KRA
1636
DELISTED
Kraton Corporation
KRA
| $3.05M | ﹤0.01% |
64,000
-14,863
| -19% | -$719K |
|
|
LDL
1637
DELISTED
Lydall, Inc.
LDL
| $3.04M | ﹤0.01% |
62,988
+1,013
| +2% | +$48.6K |
|
1638
Emergent Biosolutions
EBS
$236M
| $3.03M | ﹤0.01% |
57,607
+2,912
| +5% | +$145K |
|
|
SPPI
1639
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $3.03M | ﹤0.01% |
188,145
-15,968
| -8% | -$316K |
|
|
PPBI
1640
DELISTED
Pacific Premier Bancorp
PPBI
| $3.02M | ﹤0.01% |
75,249
+1,137
| +2% | +$47.4K |
|
|
LHCG
1641
DELISTED
LHC Group LLC
LHCG
| $3.02M | ﹤0.01% |
49,086
+944
| +2% | +$59.6K |
|
1642
Modine Manufacturing
MOD
$10.9B
| $3.02M | ﹤0.01% |
142,848
-56,193
| -28% | -$1.28M |
|
1643
Federal Signal
FSS
$7.64B
| $3.02M | ﹤0.01% |
137,067
-6,100
| -4% | -$126K |
|
1644
WesBanco
WSBC
$4.12B
| $3.02M | ﹤0.01% |
71,273
+6,758
| +10% | +$285K |
|
|
AJRD
1645
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $3.01M | ﹤0.01% |
107,531
-15,734
| -13% | -$443K |
|
1646
Acco Brands
ACCO
$402M
| $3M | ﹤0.01% |
239,321
-25,491
| -10% | -$319K |
|
|
MANT
1647
DELISTED
Mantech International Corp
MANT
| $3M | ﹤0.01% |
54,009
+34,464
| +176% | +$1.84M |
|
|
BWP
1648
DELISTED
Boardwalk Pipeline Partners
BWP
| $3M | ﹤0.01% |
295,051
+64,026
| +28% | +$760K |
|
|
TOWR
1649
DELISTED
Tower International, Inc.
TOWR
| $2.99M | ﹤0.01% |
107,665
-17,257
| -14% | -$497K |
|
|
GTY
1650
Getty Realty Corp
GTY
$2.08B
| $2.98M | ﹤0.01% |
118,342
-2,067
| -2% | -$51.7K |
|
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.