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 |
AT&T
T
|
+$186M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$142M |
| 3 |
PepsiCo
PEP
|
+$61.8M |
| 4 |
Coca-Cola
KO
|
+$61.8M |
| 5 |
Pfizer
PFE
|
+$54.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$269M |
| 2 |
TWX
Time Warner Inc
TWX
|
+$178M |
| 3 |
Apple
AAPL
|
+$161M |
| 4 |
Microsoft
MSFT
|
+$132M |
| 5 |
Amazon
AMZN
|
+$125M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.84% |
| 2 | Technology | 16.75% |
| 3 | Healthcare | 13.11% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Industrials | 10.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2601
Tootsie Roll Industries
TR
$2.97B
| $528K | ﹤0.01% |
21,687
+3,361
| +18% | +$77.6K |
|
2602
Cytosorbents Corp
CTSO
$22.7M
| $526K | ﹤0.01% |
46,100
| – | – |
|
2603
STRATUS PPTYS INC
STRS
$154M
| $525K | ﹤0.01% |
17,199
-5,300
| -24% | -$166K |
|
|
OCSI
2604
DELISTED
Oaktree Strategic Income Corporation
OCSI
| $525K | ﹤0.01% |
61,800
-18,200
| -23% | -$150K |
|
2605
Amtech Systems
ASYS
$264M
| $524K | ﹤0.01% |
86,538
| – | – |
|
|
MTLS
2606
Materialise
MTLS
$396M
| $524K | ﹤0.01% |
40,400
-11,500
| -22% | -$141K |
|
2607
Preformed Line Products
PLPC
$2.26B
| $523K | ﹤0.01% |
5,890
+890
| +18% | +$66K |
|
|
SVA
2608
DELISTED
Sinovac Biotech, Ltd
SVA
| $523K | ﹤0.01% |
70,064
-22,063
| -24% | -$174K |
|
|
IBTX
2609
DELISTED
Independent Bank Group, Inc.
IBTX
| $522K | ﹤0.01% |
7,809
+1,986
| +34% | +$145K |
|
|
LORL
2610
DELISTED
Loral Space and Communications, Inc.
LORL
| $521K | ﹤0.01% |
13,844
+1,844
| +15% | +$72.1K |
|
2611
KVH Industries
KVHI
$148M
| $517K | ﹤0.01% |
38,600
| – | – |
|
2612
MediciNova
MNOV
$65M
| $516K | ﹤0.01% |
64,798
+22,198
| +52% | +$230K |
|
2613
Southern First Bancshares
SFST
$594M
| $516K | ﹤0.01% |
11,676
+1,286
| +12% | +$59.8K |
|
|
ACHN
2614
DELISTED
Achillion Pharmaceuticals
ACHN
| $515K | ﹤0.01% |
182,004
+18,304
| +11% | +$62.3K |
|
|
ELGX
2615
DELISTED
Endologix Inc
ELGX
| $515K | ﹤0.01% |
9,100
-740
| -8% | -$37.5K |
|
2616
MACOM Technology Solutions
MTSI
$22.7B
| $514K | ﹤0.01% |
22,300
-2,000
| -8% | -$42.5K |
|
|
SEAC
2617
DELISTED
Seachange International Inc
SEAC
| $514K | ﹤0.01% |
7,522
+190
| +3% | +$11.6K |
|
|
GCAP
2618
DELISTED
Gain Capital Holdings, Inc.
GCAP
| $514K | ﹤0.01% |
68,084
-50,363
| -43% | -$399K |
|
|
TGH
2619
DELISTED
Textainer Group Holdings limited
TGH
| $513K | ﹤0.01% |
32,241
+3,941
| +14% | +$66.6K |
|
|
RST
2620
DELISTED
ROSETTA STONE INC
RST
| $512K | ﹤0.01% |
31,922
+4,322
| +16% | +$64.8K |
|
2621
Acacia Research
ACTG
$465M
| $510K | ﹤0.01% |
122,848
-3,988
| -3% | -$15.3K |
|
|
ECOM
2622
DELISTED
CHANNELADVISOR CORPORATION
ECOM
| $510K | ﹤0.01% |
36,300
-2,900
| -7% | -$38K |
|
2623
Unitil
UTL
$966M
| $509K | ﹤0.01% |
9,978
+949
| +11% | +$45.7K |
|
|
JKS
2624
JinkoSolar
JKS
$886M
| $507K | ﹤0.01% |
36,844
-5,316
| -13% | -$90.3K |
|
2625
Xenon Pharmaceuticals
XENE
$6.21B
| $506K | ﹤0.01% |
55,000
| – | – |
|
Similar funds
California Public Employees Retirement System's Q2 2018 Portfolio in Review
As of Q2 2018, California Public Employees Retirement System held 3,424 positions worth $72.3B, up 3% from $70.2B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System's Q2 2018 filing shows 139 new, 1,115 increased, 1,545 reduced and 134 closed positions. Its largest new stake was Evergy: 605,075 shares worth $34M. The largest sale was Alphabet (Google) Class A, an estimated $269M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System's largest Q2 2018 buy was Evergy: 605,075 shares worth $34M.
- California Public Employees Retirement System added most to AT&T in Q2 2018, an estimated $186M increase.
- California Public Employees Retirement System's biggest Q2 2018 reduction was Alphabet (Google) Class A, cutting an estimated $269M.
- California Public Employees Retirement System fully exited Time Warner Inc in Q2 2018, selling an estimated $178M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $72.3B portfolio in Q2 2018.
- California Public Employees Retirement System opened 139 new positions and closed 134 in Q2 2018.
- California Public Employees Retirement System's portfolio value rose 3% quarter-over-quarter to $72.3B.
Based on California Public Employees Retirement System's 13F filing for Q2 2018, filed 15 Aug 2018.