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 | |
|---|---|---|---|---|---|---|
1801
Caleres
CAL
$444M
| $1.92M | ﹤0.01% |
77,880
-49,837
| -39% | -$1.42M |
|
|
GRVY
1802
GRAVITY
GRVY
$494M
| $1.92M | ﹤0.01% |
29,850
| – | – |
|
1803
RPC Inc
RES
$1.42B
| $1.92M | ﹤0.01% |
168,069
-17,102
| -9% | -$183K |
|
1804
Apogee Enterprises
APOG
$885M
| $1.92M | ﹤0.01% |
51,096
-6,167
| -11% | -$214K |
|
|
HEP
1805
DELISTED
Holly Energy Partners, L.P.
HEP
| $1.91M | ﹤0.01% |
70,910
+4,700
| +7% | +$137K |
|
1806
Air T
AIRT
$83.1M
| $1.91M | ﹤0.01% |
94,800
| – | – |
|
1807
Enova International
ENVA
$6.58B
| $1.91M | ﹤0.01% |
83,758
-33,932
| -29% | -$799K |
|
1808
RE/MAX Holdings
RMAX
$277M
| $1.91M | ﹤0.01% |
49,566
-6,382
| -11% | -$245K |
|
1809
Eagle Bancorp
EGBN
$879M
| $1.91M | ﹤0.01% |
38,030
-17,377
| -31% | -$948K |
|
|
MSB
1810
Mesabi Trust
MSB
$308M
| $1.91M | ﹤0.01% |
65,077
+2,228
| +4% | +$63.8K |
|
|
VIVO
1811
DELISTED
Meridian Bioscience Inc
VIVO
| $1.91M | ﹤0.01% |
108,235
+573
| +0.5% | +$9.53K |
|
1812
FormFactor
FORM
$10.1B
| $1.9M | ﹤0.01% |
118,325
-2,900
| -2% | -$43.7K |
|
1813
Artivion
AORT
$1.41B
| $1.9M | ﹤0.01% |
64,998
-7,120
| -10% | -$203K |
|
|
EVRI
1814
DELISTED
Everi Holdings
EVRI
| $1.89M | ﹤0.01% |
179,965
-15,708
| -8% | -$119K |
|
|
CLCT
1815
DELISTED
Collectors Universe
CLCT
| $1.89M | ﹤0.01% |
108,000
+90,000
| +500% | +$1.37M |
|
1816
Ameris Bancorp
ABCB
$6.03B
| $1.89M | ﹤0.01% |
55,029
-1,126
| -2% | -$41.9K |
|
1817
Columbus McKinnon
CMCO
$545M
| $1.89M | ﹤0.01% |
54,950
+13,388
| +32% | +$466K |
|
1818
Marchex
MCHX
$84.6M
| $1.89M | ﹤0.01% |
398,790
| – | – |
|
1819
Cooper-Standard Automotive
CPS
$500M
| $1.88M | ﹤0.01% |
40,127
-13,925
| -26% | -$896K |
|
1820
Scansource
SCSC
$1.07B
| $1.88M | ﹤0.01% |
52,578
-22,785
| -30% | -$852K |
|
|
NTP
1821
DELISTED
Nam Tai Property Inc.
NTP
| $1.88M | ﹤0.01% |
190,996
| – | – |
|
1822
ESCO Technologies
ESE
$7.93B
| $1.88M | ﹤0.01% |
28,045
+1,426
| +5% | +$95.5K |
|
1823
Ceragon Networks
CRNT
$198M
| $1.88M | ﹤0.01% |
523,482
-7,693
| -1% | -$30.5K |
|
1824
Northern Oil and Gas
NOG
$2.62B
| $1.88M | ﹤0.01% |
68,432
| – | – |
|
|
PRSU
1825
Pursuit Attractions and Hospitality Inc
PRSU
$1.31B
| $1.87M | ﹤0.01% |
33,265
-10,044
| -23% | -$544K |
|
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.