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 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$296M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$240M |
| 3 |
JOBS
51job Inc
JOBS
|
+$22.5M |
| 4 |
Intel
INTC
|
+$22.1M |
| 5 |
WP
Worldpay, Inc.
WP
|
+$21.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$334M |
| 2 |
Amazon
AMZN
|
+$151M |
| 3 |
Johnson & Johnson
JNJ
|
+$80M |
| 4 |
Microsoft
MSFT
|
+$69.8M |
| 5 |
Meta Platforms (Facebook)
META
|
+$65.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.65% |
| 2 | Technology | 17.16% |
| 3 | Healthcare | 13% |
| 4 | Industrials | 10.77% |
| 5 | Consumer Discretionary | 10.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WMC
2001
DELISTED
Western Asset Mortgage Capital Corporation
WMC
| $1.67M | ﹤0.01% |
17,256
-4,977
| -22% | -$474K |
|
|
CYBR
2002
DELISTED
CyberArk
CYBR
| $1.67M | ﹤0.01% |
+32,756
| New | +$1.52M |
|
|
BZUN
2003
Baozun
BZUN
$165M
| $1.67M | ﹤0.01% |
36,387
-22,332
| -38% | -$878K |
|
2004
SIGA Technologies
SIGA
$216M
| $1.67M | ﹤0.01% |
+271,844
| New | +$1.65M |
|
2005
Camden National
CAC
$993M
| $1.67M | ﹤0.01% |
37,424
+6,824
| +22% | +$296K |
|
2006
Peoples Bancorp
PEBO
$1.49B
| $1.67M | ﹤0.01% |
46,955
+2,862
| +6% | +$100K |
|
|
NBLX
2007
DELISTED
Noble Midstream Partners LP
NBLX
| $1.67M | ﹤0.01% |
+35,700
| New | +$1.85M |
|
|
DVAX
2008
DELISTED
Dynavax Technologies
DVAX
| $1.66M | ﹤0.01% |
83,633
+52,545
| +169% | +$907K |
|
2009
Columbus McKinnon
CMCO
$556M
| $1.65M | ﹤0.01% |
46,100
| – | – |
|
2010
Heron Therapeutics
HRTX
$63.9M
| $1.65M | ﹤0.01% |
59,700
| – | – |
|
|
QADA
2011
DELISTED
QAD Inc.
QADA
| $1.64M | ﹤0.01% |
39,459
+6,627
| +20% | +$283K |
|
2012
Insteel Industries
IIIN
$631M
| $1.64M | ﹤0.01% |
59,400
| – | – |
|
|
CMCM
2013
Cheetah Mobile
CMCM
$103M
| $1.64M | ﹤0.01% |
24,460
| – | – |
|
2014
Alpha and Omega Semiconductor
AOSL
$921M
| $1.63M | ﹤0.01% |
105,593
+5,293
| +5% | +$85.6K |
|
|
UCTT
2015
Ultra Clean Holdings
UCTT
$3.85B
| $1.63M | ﹤0.01% |
84,400
-28,969
| -26% | -$611K |
|
2016
Great Southern Bancorp
GSBC
$889M
| $1.62M | ﹤0.01% |
32,517
+123
| +0.4% | +$6.24K |
|
2017
ATN International
ATNI
$488M
| $1.62M | ﹤0.01% |
27,195
-3,909
| -13% | -$230K |
|
|
LL
2018
DELISTED
LL Flooring Holdings, Inc.
LL
| $1.62M | ﹤0.01% |
67,716
-23,363
| -26% | -$619K |
|
|
UHT
2019
Universal Health Realty Income Trust
UHT
$574M
| $1.62M | ﹤0.01% |
26,946
-867
| -3% | -$54.2K |
|
|
SCU
2020
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
| $1.62M | ﹤0.01% |
60,600
| – | – |
|
2021
Lantheus
LNTH
$6.59B
| $1.62M | ﹤0.01% |
101,714
-6,887
| -6% | -$134K |
|
2022
Interparfums
IPAR
$3.67B
| $1.61M | ﹤0.01% |
34,214
+1,714
| +5% | +$77.7K |
|
2023
Bassett Furniture
BSET
$166M
| $1.61M | ﹤0.01% |
52,946
-5,996
| -10% | -$204K |
|
2024
Standard Motor Products
SMP
$870M
| $1.61M | ﹤0.01% |
33,760
+236
| +0.7% | +$11.2K |
|
|
CTLP
2025
DELISTED
Cantaloupe
CTLP
| $1.6M | ﹤0.01% |
178,333
+44,333
| +33% | +$396K |
|
Similar funds
California Public Employees Retirement System's Q1 2018 Portfolio in Review
As of Q1 2018, California Public Employees Retirement System held 3,399 positions worth $70.2B, down 5.1% from $74B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
California Public Employees Retirement System withdrew a net $2.88B in Q1 2018, closing 114 positions and reducing 1,632 holdings. Its most notable exit was Scripps Networks Interactive, Inc Common Class A, an estimated $21M position sold in full.
By sector, the portfolio is most concentrated in Financials at 19% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
Against the trend, California Public Employees Retirement System opened a new position in GCI Liberty, Inc. Class A Common Stock (DE) worth $15.4M.
- California Public Employees Retirement System's largest Q1 2018 buy was GCI Liberty, Inc. Class A Common Stock (DE): 291,278 shares worth $15.4M.
- California Public Employees Retirement System added most to Athene Holding Ltd. Class A Common Shares in Q1 2018, an estimated $296M increase.
- California Public Employees Retirement System's biggest Q1 2018 reduction was Alphabet (Google) Class C, cutting an estimated $334M.
- California Public Employees Retirement System fully exited Scripps Networks Interactive, Inc Common Class A in Q1 2018, selling an estimated $21M.
- California Public Employees Retirement System's ten largest holdings make up 16% of its $70.2B portfolio in Q1 2018.
- California Public Employees Retirement System opened 83 new positions and closed 114 in Q1 2018.
- California Public Employees Retirement System's portfolio value fell 5.1% quarter-over-quarter to $70.2B.
Based on California Public Employees Retirement System's 13F filing for Q1 2018, filed 11 May 2018.