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 | |
|---|---|---|---|---|---|---|
1751
Kite Realty
KRG
$5.31B
| $2.09M | ﹤0.01% |
130,561
-45,158
| -26% | -$716K |
|
1752
Antero Midstream
AM
$10.7B
| $2.09M | ﹤0.01% |
151,351
+134,056
| +775% | +$1.75M |
|
1753
Innospec
IOSP
$2.3B
| $2.09M | ﹤0.01% |
25,021
-13,686
| -35% | -$1.02M |
|
1754
AMERISAFE
AMSF
$515M
| $2.08M | ﹤0.01% |
35,039
-1,812
| -5% | -$108K |
|
|
TPH
1755
DELISTED
Tri Pointe Homes
TPH
| $2.07M | ﹤0.01% |
164,060
-6,400
| -4% | -$81.4K |
|
1756
Resources Connection
RGP
$145M
| $2.07M | ﹤0.01% |
125,283
-34,325
| -22% | -$573K |
|
1757
BJs Wholesale Club
BJ
$12B
| $2.07M | ﹤0.01% |
75,583
-5,069
| -6% | -$129K |
|
1758
Vishay Precision Group
VPG
$952M
| $2.06M | ﹤0.01% |
60,368
-10,076
| -14% | -$337K |
|
|
SIRE
1759
DELISTED
Sisecam Resources LP
SIRE
| $2.06M | ﹤0.01% |
81,800
| – | – |
|
1760
Regis Corp
RGS
$71.5M
| $2.06M | ﹤0.01% |
5,245
+845
| +19% | +$313K |
|
1761
Winnebago Industries
WGO
$894M
| $2.06M | ﹤0.01% |
66,185
-3,285
| -5% | -$98.6K |
|
|
LXFT
1762
DELISTED
Luxoft Holding, Inc.
LXFT
| $2.06M | ﹤0.01% |
35,129
-4,628
| -12% | -$263K |
|
1763
Dycom Industries
DY
$12.5B
| $2.06M | ﹤0.01% |
44,824
-7,978
| -15% | -$437K |
|
1764
Materion
MTRN
$5.89B
| $2.06M | ﹤0.01% |
36,085
-1,147
| -3% | -$59.7K |
|
|
DBD
1765
DELISTED
Diebold Nixdorf Incorporated
DBD
| $2.06M | ﹤0.01% |
185,797
-16,342
| -8% | -$114K |
|
1766
Archrock
AROC
$6.03B
| $2.06M | ﹤0.01% |
210,263
-12,165
| -5% | -$116K |
|
1767
Northwest Natural Holdings
NWN
$2.13B
| $2.05M | ﹤0.01% |
31,263
-3,450
| -10% | -$216K |
|
1768
Ormat Technologies
ORA
$7.07B
| $2.05M | ﹤0.01% |
37,209
-763
| -2% | -$42.3K |
|
|
HMLP
1769
DELISTED
HOEGH LNG PARTNERS LP
HMLP
| $2.05M | ﹤0.01% |
104,797
| – | – |
|
1770
Innoviva
INVA
$1.53B
| $2.05M | ﹤0.01% |
145,976
+4,782
| +3% | +$77.4K |
|
|
MCRN
1771
DELISTED
Milacron Holdings Corp.
MCRN
| $2.04M | ﹤0.01% |
180,444
+61,321
| +51% | +$811K |
|
1772
Lakeland Financial Corp
LKFN
$1.56B
| $2.04M | ﹤0.01% |
45,059
+3,584
| +9% | +$163K |
|
|
DO
1773
DELISTED
Diamond Offshore Drilling
DO
| $2.04M | ﹤0.01% |
194,069
-25,042
| -11% | -$265K |
|
|
LGF.B
1774
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $2.04M | ﹤0.01% |
134,800
-3,800
| -3% | -$59.6K |
|
1775
TriNet
TNET
$3.14B
| $2.02M | ﹤0.01% |
33,830
-30
| -0.1% | -$1.58K |
|
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.