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California Public Employees Retirement System

California Public Employees Retirement System Portfolio holdings

AUM $162B
1-Year Est. Return 25.78%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+4.89%
1 Year Est. Return
+25.78%
3 Year Est. Return
+90.63%
5 Year Est. Return
+123.44%
10 Year Est. Return
+466%
AUM
$84.7B
AUM Growth
+$3.55B
Cap. Flow
+$311M
Cap. Flow %
0.37%
Top 10 Hldgs %
14.66%
Holding
3,341
New
131
Increased
874
Reduced
1,775
Closed
77

Top Buys

Rank Stock Value
1
PEP icon
PepsiCo
PEP
+$196M
2
KO icon
Coca-Cola
KO
+$195M
3
NEE icon
NextEra Energy
NEE
+$108M
4
MCD icon
McDonald's
MCD
+$99.5M
5
NEM icon
Newmont
NEM
+$97.8M

Sector Composition

Rank Sector Weight
1 Technology 16.05%
2 Financials 14.87%
3 Healthcare 13.45%
4 Consumer Discretionary 9.92%
5 Consumer Staples 9.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake
Capital Flow
EBTC
2551
DELISTED
Enterprise Bancorp
EBTC
$471K ﹤0.01%
14,840
-8,955
-38% -$267K
MOV icon
2552
Movado Group
MOV
$817M
$471K ﹤0.01%
17,455
+900
+5% +$28.3K
TRNS icon
2553
Transcat
TRNS
$850M
$471K ﹤0.01%
18,404
AGX icon
2554
Argan
AGX
$8.15B
$469K ﹤0.01%
11,571
+1,300
+13% +$60.9K
TREC
2555
DELISTED
Trecora Resources
TREC
$466K ﹤0.01%
48,691
CSWC icon
2556
Capital Southwest
CSWC
$1.6B
$465K ﹤0.01%
+22,200
New +$482K
KRO icon
2557
KRONOS Worldwide
KRO
$977M
$464K ﹤0.01%
30,302
-83,400
-73% -$1.16M
AGEN
2558
Agenus
AGEN
$291M
$463K ﹤0.01%
7,863
+647
+9% +$35.3K
CYBE
2559
DELISTED
Cyberoptics Corp
CYBE
$463K ﹤0.01%
28,500
QTRX icon
2560
Quanterix
QTRX
$114M
$462K ﹤0.01%
+13,666
New +$354K
CLMT icon
2561
Calumet Specialty Products
CLMT
$3.96B
$461K ﹤0.01%
110,142
+7,800
+8% +$31.2K
KRYS icon
2562
Krystal Biotech
KRYS
$9.81B
$461K ﹤0.01%
11,441
+3,441
+43% +$112K
LORL
2563
DELISTED
Loral Space and Communications, Inc.
LORL
$461K ﹤0.01%
13,344
+1,000
+8% +$36.2K
CLW icon
2564
Clearwater Paper
CLW
$368M
$460K ﹤0.01%
24,886
-41,486
-63% -$777K
PRTK
2565
DELISTED
Paratek Pharmaceuticals, Inc.
PRTK
$460K ﹤0.01%
115,300
HMHC
2566
DELISTED
Houghton Mifflin Harcourt Company
HMHC
$460K ﹤0.01%
79,858
-55,159
-41% -$366K
SCWX
2567
DELISTED
SecureWorks Corp Class A Common Stock
SCWX
$459K ﹤0.01%
34,500
FTK icon
2568
Flotek Industries
FTK
$1.36B
$458K ﹤0.01%
23,083
VTOL icon
2569
Bristow Group
VTOL
$1.38B
$457K ﹤0.01%
27,400
-11,038
-29% -$197K
BFYT
2570
DELISTED
Benefytt Technologies, Inc. Class A Common Stock
BFYT
$456K ﹤0.01%
17,600
-8,896
-34% -$224K
RYAM icon
2571
Rayonier Advanced Materials
RYAM
$593M
$455K ﹤0.01%
70,129
-7,804
-10% -$81.2K
SHBI icon
2572
Shore Bancshares
SHBI
$788M
$455K ﹤0.01%
27,851
STML
2573
DELISTED
Stemline Therapeutics, Inc.
STML
$455K ﹤0.01%
29,700
+3,300
+13% +$47.7K
MITT
2574
TPG Mortgage Investment Trust
MITT
$201M
$454K ﹤0.01%
9,521
+867
+10% +$42.7K
WMC
2575
DELISTED
Western Asset Mortgage Capital Corporation
WMC
$454K ﹤0.01%
4,545
+360
+9% +$36.6K

Similar funds

California Public Employees Retirement System's Q2 2019 Portfolio in Review

As of Q2 2019, California Public Employees Retirement System held 3,341 positions worth $84.7B, up 4.4% from $81.2B the previous quarter. Its ten largest holdings account for 15% of the portfolio.

California Public Employees Retirement System's Q2 2019 filing shows 131 new, 874 increased, 1,775 reduced and 77 closed positions. Its largest new stake was Dow Inc: 1,160,686 shares worth $57.2M. The largest sale was Apollo Global Management, an estimated $475M.

By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 17% a quarter earlier, followed by Financials and Healthcare.

  • California Public Employees Retirement System's largest Q2 2019 buy was Dow Inc: 1,160,686 shares worth $57.2M.
  • California Public Employees Retirement System added most to PepsiCo in Q2 2019, an estimated $196M increase.
  • California Public Employees Retirement System's biggest Q2 2019 reduction was Apollo Global Management, cutting an estimated $475M.
  • California Public Employees Retirement System fully exited Ultimate Software Group Inc in Q2 2019, selling an estimated $21.4M.
  • California Public Employees Retirement System's ten largest holdings make up 15% of its $84.7B portfolio in Q2 2019.
  • California Public Employees Retirement System opened 131 new positions and closed 77 in Q2 2019.
  • California Public Employees Retirement System's portfolio value rose 4.4% quarter-over-quarter to $84.7B.

Based on California Public Employees Retirement System's 13F filing for Q2 2019, filed 15 Aug 2019.