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 |
Coca-Cola
KO
|
+$94.3M |
| 2 |
PepsiCo
PEP
|
+$74.5M |
| 3 |
Accenture
ACN
|
+$67.4M |
| 4 |
Lockheed Martin
LMT
|
+$62M |
| 5 |
Simon Property Group
SPG
|
+$53.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JPMorgan Chase
JPM
|
+$145M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$94.2M |
| 3 |
Apple
AAPL
|
+$92.6M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$91.9M |
| 5 |
Meta Platforms (Facebook)
META
|
+$72.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.86% |
| 2 | Financials | 17.18% |
| 3 | Healthcare | 13.94% |
| 4 | Consumer Discretionary | 10.47% |
| 5 | Industrials | 10.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SGMO
1976
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $1.78M | ﹤0.01% |
105,030
-7,100
| -6% | -$108K |
|
|
FARO
1977
DELISTED
Faro Technologies
FARO
| $1.78M | ﹤0.01% |
27,632
-2,100
| -7% | -$134K |
|
|
SBR
1978
Sabine Royalty Trust
SBR
$1.06B
| $1.78M | ﹤0.01% |
42,157
+9,595
| +29% | +$428K |
|
|
CNBKA
1979
DELISTED
Century Bancorp Inc/Mass
CNBKA
| $1.78M | ﹤0.01% |
24,599
| – | – |
|
|
MIME
1980
DELISTED
Mimecast Limited
MIME
| $1.77M | ﹤0.01% |
42,304
+7,246
| +21% | +$294K |
|
1981
Mercury Insurance
MCY
$5.84B
| $1.77M | ﹤0.01% |
35,309
-3,977
| -10% | -$198K |
|
1982
LeMaitre Vascular
LMAT
$1.87B
| $1.77M | ﹤0.01% |
45,639
-3,180
| -7% | -$115K |
|
|
GNC
1983
DELISTED
GNC Holdings, Inc.
GNC
| $1.76M | ﹤0.01% |
424,597
+85,912
| +25% | +$284K |
|
|
MCHB
1984
Mechanics Bancorp
MCHB
$3.8B
| $1.76M | ﹤0.01% |
66,276
-4,604
| -6% | -$133K |
|
|
ACOR
1985
DELISTED
Acorda Therapeutics
ACOR
| $1.76M | ﹤0.01% |
745
+151
| +25% | +$467K |
|
1986
1-800-Flowers.com
FLWS
$262M
| $1.75M | ﹤0.01% |
148,724
+22,657
| +18% | +$294K |
|
1987
Columbus McKinnon
CMCO
$550M
| $1.75M | ﹤0.01% |
44,371
-2,191
| -5% | -$91.5K |
|
1988
Equitable Holdings
EQH
$14.4B
| $1.75M | ﹤0.01% |
81,710
+265
| +0.3% | +$5.81K |
|
|
NPKI
1989
NPK International
NPKI
$1.19B
| $1.75M | ﹤0.01% |
169,286
-17,314
| -9% | -$177K |
|
|
EVRI
1990
DELISTED
Everi Holdings
EVRI
| $1.75M | ﹤0.01% |
190,755
-12,126
| -6% | -$99.4K |
|
1991
Cactus
WHD
$5.78B
| $1.75M | ﹤0.01% |
45,664
+37,265
| +444% | +$1.28M |
|
|
IMGN
1992
DELISTED
Immunogen Inc
IMGN
| $1.75M | ﹤0.01% |
184,531
+38,229
| +26% | +$367K |
|
1993
American Public Education
APEI
$826M
| $1.73M | ﹤0.01% |
52,461
-2,388
| -4% | -$91.4K |
|
1994
OraSure Technologies
OSUR
$277M
| $1.73M | ﹤0.01% |
112,165
-9,748
| -8% | -$160K |
|
|
HIMX
1995
Himax Technologies
HIMX
$2.56B
| $1.73M | ﹤0.01% |
294,200
-48,178
| -14% | -$320K |
|
|
IHC
1996
DELISTED
Independence Holding Company
IHC
| $1.73M | ﹤0.01% |
48,109
| – | – |
|
1997
DXP Enterprises
DXPE
$3.04B
| $1.73M | ﹤0.01% |
43,084
-5,664
| -12% | -$247K |
|
|
AMAG
1998
DELISTED
AMAG Pharmaceuticals
AMAG
| $1.73M | ﹤0.01% |
86,297
-3,955
| -4% | -$90K |
|
|
MNR
1999
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $1.72M | ﹤0.01% |
102,854
-9,140
| -8% | -$154K |
|
2000
Civeo
CVEO
$345M
| $1.72M | ﹤0.01% |
34,522
-5,163
| -13% | -$242K |
|
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California Public Employees Retirement System's Q3 2018 Portfolio in Review
As of Q3 2018, California Public Employees Retirement System held 3,359 positions worth $77.6B, up 7.3% from $72.3B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Trading was light in Q3 2018: portfolio turnover was 4.1%. California Public Employees Retirement System opened 70 new positions and exited 69, leaving the 3,359-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 17% a quarter earlier, followed by Financials and Healthcare.
- California Public Employees Retirement System's largest Q3 2018 buy was Veoneer, Inc.: 151,840 shares worth $8.36M.
- California Public Employees Retirement System added most to Coca-Cola in Q3 2018, an estimated $94.3M increase.
- California Public Employees Retirement System's biggest Q3 2018 reduction was JPMorgan Chase, cutting an estimated $145M.
- California Public Employees Retirement System fully exited XL Group Ltd. in Q3 2018, selling an estimated $35.7M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $77.6B portfolio in Q3 2018.
- California Public Employees Retirement System opened 70 new positions and closed 69 in Q3 2018.
- California Public Employees Retirement System's portfolio value rose 7.3% quarter-over-quarter to $77.6B.
Based on California Public Employees Retirement System's 13F filing for Q3 2018, filed 13 Nov 2018.