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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
LUNA
2651
DELISTED
Luna Innovations Incorporated
LUNA
$379K ﹤0.01%
84,238
LRFC
2652
DELISTED
Logan Ridge Finance Corp
LRFC
$378K ﹤0.01%
6,667
DMRC icon
2653
Digimarc Corp
DMRC
$168M
$377K ﹤0.01%
8,500
-102,200
-92% -$4.66M
BKTI icon
2654
BK Technologies
BKTI
$281M
$376K ﹤0.01%
17,501
PLX icon
2655
Protalix BioTherapeutics
PLX
$200M
$376K ﹤0.01%
80,090
ESXB
2656
DELISTED
Community Bankers Trust Corporation
ESXB
$376K ﹤0.01%
44,449
VLGEA icon
2657
Village Super Market
VLGEA
$616M
$374K ﹤0.01%
14,105
HMLP
2658
DELISTED
HOEGH LNG PARTNERS LP
HMLP
$374K ﹤0.01%
21,597
-83,200
-79% -$1.54M
DSSI
2659
DELISTED
Diamond S Shipping Inc. Common Shares
DSSI
$374K ﹤0.01%
29,262
+858
+3% +$10.6K
APPN icon
2660
Appian
APPN
$2.55B
$373K ﹤0.01%
+10,347
New +$354K
IPI icon
2661
Intrepid Potash
IPI
$508M
$373K ﹤0.01%
11,114
+520
+5% +$18.1K
TALO icon
2662
Talos Energy
TALO
$2.6B
$373K ﹤0.01%
15,499
+1,800
+13% +$47.1K
HMTV
2663
DELISTED
Hemisphere Media Group, Inc.
HMTV
$373K ﹤0.01%
28,873
-1,532
-5% -$21.4K
TACT icon
2664
Transact Technologies
TACT
$57.6M
$369K ﹤0.01%
32,752
CTWS
2665
DELISTED
Connecticut Water Service Inc
CTWS
$368K ﹤0.01%
+5,276
New +$365K
RBBN icon
2666
Ribbon Communications
RBBN
$367M
$367K ﹤0.01%
75,000
-21,500
-22% -$105K
RTL
2667
DELISTED
The Necessity Retail REIT, Inc. Class A Common Stock
RTL
$365K ﹤0.01%
+33,491
New +$349K
USAK
2668
DELISTED
USA Truck Inc
USAK
$365K ﹤0.01%
36,143
UMH
2669
UMH Properties
UMH
$1.34B
$364K ﹤0.01%
29,344
+5,150
+21% +$69.4K
ARQ icon
2670
Arq
ARQ
$88.9M
$363K ﹤0.01%
28,700
VLDR
2671
DELISTED
Velodyne Lidar, Inc. Common Stock
VLDR
$363K ﹤0.01%
+36,450
New +$362K
CBB
2672
DELISTED
Cincinnati Bell Inc.
CBB
$358K ﹤0.01%
72,381
-38,739
-35% -$297K
FRTA
2673
DELISTED
Forterra, Inc
FRTA
$357K ﹤0.01%
71,900
PMBC
2674
DELISTED
Pacific Mercantile Bancorp
PMBC
$357K ﹤0.01%
43,312
ORC
2675
Orchid Island Capital
ORC
$1.3B
$356K ﹤0.01%
11,202
+620
+6% +$20.1K

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.