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 | |
|---|---|---|---|---|---|---|
1626
Barrett Business Services
BBSI
$784M
| $2.52M | ﹤0.01% |
130,108
-24,260
| -16% | -$421K |
|
1627
LCI Industries
LCII
$2.56B
| $2.51M | ﹤0.01% |
32,728
+512
| +2% | +$40.5K |
|
1628
iQIYI
IQ
$1.3B
| $2.5M | ﹤0.01% |
104,519
-39,654
| -28% | -$876K |
|
1629
E.W. Scripps
SSP
$322M
| $2.5M | ﹤0.01% |
119,017
-5,066
| -4% | -$101K |
|
|
LADR
1630
Ladder Capital
LADR
$1.27B
| $2.5M | ﹤0.01% |
146,738
-26,415
| -15% | -$452K |
|
|
NE
1631
DELISTED
Noble Corporation
NE
| $2.5M | ﹤0.01% |
870,140
-129,931
| -13% | -$405K |
|
1632
AZZ Inc
AZZ
$4.53B
| $2.49M | ﹤0.01% |
60,799
-120
| -0.2% | -$5.31K |
|
1633
Acadia Realty Trust
AKR
$2.86B
| $2.49M | ﹤0.01% |
91,163
-1,200
| -1% | -$33.1K |
|
1634
Prestige Consumer Healthcare
PBH
$2.44B
| $2.49M | ﹤0.01% |
83,106
-8,398
| -9% | -$241K |
|
|
SFIX
1635
Stitch Fix
SFIX
$480M
| $2.48M | ﹤0.01% |
87,981
+537
| +0.6% | +$13.3K |
|
1636
OSI Systems
OSIS
$3.77B
| $2.48M | ﹤0.01% |
28,308
-5,397
| -16% | -$452K |
|
1637
Westlake Chemical Partners
WLKP
$766M
| $2.48M | ﹤0.01% |
109,061
| – | – |
|
|
LTHM
1638
DELISTED
Livent Corporation
LTHM
| $2.47M | ﹤0.01% |
+201,462
| New | +$2.63M |
|
1639
Frontdoor
FTDR
$5.99B
| $2.47M | ﹤0.01% |
71,821
-900
| -1% | -$27.5K |
|
|
MNTA
1640
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $2.47M | ﹤0.01% |
170,046
+44,800
| +36% | +$572K |
|
1641
Chesapeake Utilities
CPK
$3.27B
| $2.47M | ﹤0.01% |
27,076
+129
| +0.5% | +$11.5K |
|
|
MINI
1642
DELISTED
Mobile Mini Inc
MINI
| $2.47M | ﹤0.01% |
72,729
-1,000
| -1% | -$35.5K |
|
1643
Rambus
RMBS
$10.8B
| $2.47M | ﹤0.01% |
236,117
-10,465
| -4% | -$100K |
|
1644
STAAR Surgical
STAA
$1.29B
| $2.46M | ﹤0.01% |
72,081
-8,341
| -10% | -$295K |
|
|
SFBS
1645
ServisFirst Bancshares
SFBS
$5B
| $2.46M | ﹤0.01% |
72,890
-5,144
| -7% | -$176K |
|
|
INFN
1646
DELISTED
Infinera Corporation Common Stock
INFN
| $2.45M | ﹤0.01% |
563,655
-14,500
| -3% | -$66.9K |
|
1647
iShares Russell 2000 ETF
IWM
$82.7B
| $2.44M | ﹤0.01% |
15,937
+510
| +3% | +$76.6K |
|
1648
Arbor Realty Trust
ABR
$950M
| $2.43M | ﹤0.01% |
187,243
+11,558
| +7% | +$140K |
|
1649
Nabors Industries
NBR
$1.38B
| $2.42M | ﹤0.01% |
14,075
-2,102
| -13% | -$327K |
|
1650
First Financial Bancorp
FFBC
$3.6B
| $2.42M | ﹤0.01% |
100,586
-4,853
| -5% | -$126K |
|
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.