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 | |
|---|---|---|---|---|---|---|
|
PRO
1776
DELISTED
PROS Holdings
PRO
| $2.01M | ﹤0.01% |
47,536
+83
| +0.2% | +$3.15K |
|
1777
Silicon Motion
SIMO
$9.01B
| $2.01M | ﹤0.01% |
50,656
-9,490
| -16% | -$370K |
|
|
AVYA
1778
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $2M | ﹤0.01% |
119,093
-4,953
| -4% | -$77.6K |
|
1779
PC Connection
CNXN
$2.05B
| $2M | ﹤0.01% |
54,507
-1,472
| -3% | -$52.9K |
|
|
CNSL
1780
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $2M | ﹤0.01% |
182,938
-13,722
| -7% | -$143K |
|
|
USAP
1781
DELISTED
Universal Stainless & Alloy
USAP
| $2M | ﹤0.01% |
120,400
+100,000
| +490% | +$1.71M |
|
1782
Alamo Group
ALG
$2.03B
| $1.99M | ﹤0.01% |
19,950
-5,614
| -22% | -$506K |
|
|
PDLI
1783
DELISTED
PDL BioPharma, Inc.
PDLI
| $1.99M | ﹤0.01% |
534,885
-98,188
| -16% | -$331K |
|
1784
Green Dot
GDOT
$768M
| $1.99M | ﹤0.01% |
32,742
-17,648
| -35% | -$1.23M |
|
1785
Pacira BioSciences
PCRX
$921M
| $1.99M | ﹤0.01% |
52,151
-700
| -1% | -$27.3K |
|
|
UHT
1786
Universal Health Realty Income Trust
UHT
$574M
| $1.99M | ﹤0.01% |
26,217
+3,745
| +17% | +$267K |
|
1787
Hercules Capital
HTGC
$3.14B
| $1.98M | ﹤0.01% |
156,700
+26,800
| +21% | +$341K |
|
1788
Wabash National
WNC
$523M
| $1.98M | ﹤0.01% |
146,291
+1,547
| +1% | +$21.9K |
|
1789
PDF Solutions
PDFS
$2.13B
| $1.98M | ﹤0.01% |
160,149
+87,500
| +120% | +$967K |
|
|
ADAM
1790
Adamas Trust
ADAM
$911M
| $1.98M | ﹤0.01% |
81,120
-15,847
| -16% | -$389K |
|
|
EGOV
1791
DELISTED
NIC Inc
EGOV
| $1.97M | ﹤0.01% |
114,984
-4,751
| -4% | -$75.3K |
|
1792
John B. Sanfilippo & Son
JBSS
$1.01B
| $1.96M | ﹤0.01% |
27,312
+13,653
| +100% | +$911K |
|
|
RWT
1793
Redwood Trust
RWT
$602M
| $1.96M | ﹤0.01% |
121,063
-51,977
| -30% | -$821K |
|
|
SASR
1794
DELISTED
Sandy Spring Bancorp Inc
SASR
| $1.95M | ﹤0.01% |
62,342
+10,095
| +19% | +$334K |
|
|
ANDX
1795
DELISTED
Andeavor Logistics LP
ANDX
| $1.95M | ﹤0.01% |
55,283
+264
| +0.5% | +$9.36K |
|
1796
Suburban Propane Partners
SPH
$1.18B
| $1.94M | ﹤0.01% |
86,766
+2,790
| +3% | +$61.6K |
|
1797
Winmark
WINA
$1.26B
| $1.94M | ﹤0.01% |
10,299
+547
| +6% | +$90K |
|
1798
Greif
GEF
$4.99B
| $1.94M | ﹤0.01% |
46,911
-7,680
| -14% | -$307K |
|
1799
Mesa Laboratories
MLAB
$614M
| $1.93M | ﹤0.01% |
8,386
-700
| -8% | -$158K |
|
1800
FTAI Aviation
FTAI
$22.4B
| $1.93M | ﹤0.01% |
132,035
+8,252
| +7% | +$110K |
|
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.