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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
PHLT
2701
DELISTED
Performant Healthcare Inc
PHLT
$331K ﹤0.01%
315,000
USLM icon
2702
United States Lime & Minerals
USLM
$3.45B
$330K ﹤0.01%
20,655
NSLR
2703
Neostellar Capital Corp
NSLR
$273M
$328K ﹤0.01%
61,113
CCO icon
2704
Clear Channel Outdoor Holdings
CCO
$1.23B
$327K ﹤0.01%
69,215
-475
-0.7% -$2.43K
PLPC icon
2705
Preformed Line Products
PLPC
$2.26B
$327K ﹤0.01%
5,890
SENEA icon
2706
Seneca Foods Class A
SENEA
$1.22B
$326K ﹤0.01%
11,717
SFE
2707
DELISTED
Safeguard Scientifics, Inc.
SFE
$326K ﹤0.01%
27,000
SUNS
2708
DELISTED
SLR Senior Investment Corp. Common Stock
SUNS
$326K ﹤0.01%
20,500
+4,100
+25% +$68.8K
BCBP icon
2709
BCB Bancorp
BCBP
$155M
$324K ﹤0.01%
23,400
GOGO icon
2710
Gogo Inc
GOGO
$432M
$324K ﹤0.01%
+81,342
New +$395K
IIIV icon
2711
i3 Verticals
IIIV
$328M
$324K ﹤0.01%
+11,000
New +$272K
GMS
2712
DELISTED
GMS Inc
GMS
$323K ﹤0.01%
14,663
+3,700
+34% +$66.4K
BLBD icon
2713
Blue Bird Corp
BLBD
$2.07B
$322K ﹤0.01%
16,360
+900
+6% +$16.5K
DHX icon
2714
DHI Group
DHX
$158M
$320K ﹤0.01%
89,500
-68,681
-43% -$238K
PBIP
2715
DELISTED
Prudential Bancorp, Inc.
PBIP
$320K ﹤0.01%
16,887
DNLI icon
2716
Denali Therapeutics
DNLI
$4B
$319K ﹤0.01%
15,382
+5,800
+61% +$130K
TLRY icon
2717
Tilray
TLRY
$602M
$318K ﹤0.01%
684
+132
+24% +$63.1K
CDZI icon
2718
Cadiz
CDZI
$279M
$317K ﹤0.01%
28,208
CYH icon
2719
Community Health Systems
CYH
$415M
$317K ﹤0.01%
118,603
-593,110
-83% -$1.87M
NMFC icon
2720
New Mountain Finance
NMFC
$726M
$317K ﹤0.01%
22,700
+8,200
+57% +$115K
HFBC
2721
DELISTED
HopFed Bancorp Inc
HFBC
$317K ﹤0.01%
16,703
ACH
2722
Accendra Health
ACH
$107M
$316K ﹤0.01%
98,831
-68,101
-41% -$232K
AQUA
2723
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
$316K ﹤0.01%
22,200
+7,200
+48% +$93.6K
FBC
2724
DELISTED
Flagstar Bancorp, Inc. New
FBC
$316K ﹤0.01%
9,534
-11,113
-54% -$370K
PATI
2725
DELISTED
Patriot Transportation Holding, Inc. Common Stock
PATI
$315K ﹤0.01%
18,566

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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.