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 | |
|---|---|---|---|---|---|---|
|
VSA
2026
VisionSys AI
VSA
$9.27M
| $1.6M | ﹤0.01% |
57
| – | – |
|
|
CSFL
2027
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $1.6M | ﹤0.01% |
60,253
+8,693
| +17% | +$233K |
|
|
MCHB
2028
Mechanics Bancorp
MCHB
$3.78B
| $1.59M | ﹤0.01% |
55,496
+2,815
| +5% | +$83.7K |
|
|
CVRR
2029
DELISTED
CVR Refining, LP
CVRR
| $1.59M | ﹤0.01% |
121,626
+22,719
| +23% | +$337K |
|
2030
Coeur Mining
CDE
$19.3B
| $1.59M | ﹤0.01% |
198,200
-9,500
| -5% | -$76K |
|
2031
First Interstate BancSystem
FIBK
$3.73B
| $1.58M | ﹤0.01% |
40,078
+4,699
| +13% | +$192K |
|
|
GBNK
2032
DELISTED
Guaranty Bancorp
GBNK
| $1.58M | ﹤0.01% |
55,908
| – | – |
|
2033
Air T
AIRT
$79.2M
| $1.58M | ﹤0.01% |
94,800
| – | – |
|
2034
First Mid Bancshares
FMBH
$1.38B
| $1.58M | ﹤0.01% |
43,338
+6,036
| +16% | +$223K |
|
2035
Apogee Enterprises
APOG
$889M
| $1.58M | ﹤0.01% |
36,383
+7,007
| +24% | +$313K |
|
2036
Kadant
KAI
$3.95B
| $1.57M | ﹤0.01% |
16,658
-391
| -2% | -$38.4K |
|
2037
KRONOS Worldwide
KRO
$975M
| $1.57M | ﹤0.01% |
69,619
-28,524
| -29% | -$710K |
|
|
GTS
2038
DELISTED
Triple-S Management Corporation
GTS
| $1.57M | ﹤0.01% |
63,219
-15,591
| -20% | -$372K |
|
2039
Ingersoll Rand
IR
$32.3B
| $1.57M | ﹤0.01% |
51,200
+29,000
| +131% | +$967K |
|
|
FLXN
2040
DELISTED
Flexion Therapeutics, Inc.
FLXN
| $1.57M | ﹤0.01% |
+70,000
| New | +$1.71M |
|
|
COTV
2041
DELISTED
Cotiviti Holdings, Inc.
COTV
| $1.57M | ﹤0.01% |
45,500
-2,200
| -5% | -$75.3K |
|
2042
LivePerson
LPSN
$35.2M
| $1.56M | ﹤0.01% |
6,380
| – | – |
|
|
PRTK
2043
DELISTED
Paratek Pharmaceuticals, Inc.
PRTK
| $1.56M | ﹤0.01% |
+120,400
| New | +$1.79M |
|
2044
Northrim BanCorp
NRIM
$606M
| $1.56M | ﹤0.01% |
181,032
-17,664
| -9% | -$152K |
|
2045
Park-Ohio Holdings
PKOH
$716M
| $1.56M | ﹤0.01% |
40,185
-2,487
| -6% | -$106K |
|
|
USDP
2046
DELISTED
USD PARTNERS LP
USDP
| $1.55M | ﹤0.01% |
150,000
| – | – |
|
2047
HCI Group
HCI
$2.29B
| $1.55M | ﹤0.01% |
40,640
-3,523
| -8% | -$127K |
|
|
CBPX
2048
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $1.54M | ﹤0.01% |
53,996
+6,832
| +14% | +$191K |
|
|
SHOE
2049
Shoe Station Group
SHOE
$414M
| $1.54M | ﹤0.01% |
129,148
-25,198
| -16% | -$303K |
|
|
HTBK
2050
DELISTED
Heritage Commerce
HTBK
| $1.54M | ﹤0.01% |
93,200
| – | – |
|
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.