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 |
Coca-Cola
KO
|
+$94.3M |
| 2 |
PepsiCo
PEP
|
+$74.5M |
| 3 |
Accenture
ACN
|
+$67.4M |
| 4 |
Lockheed Martin
LMT
|
+$62M |
| 5 |
Simon Property Group
SPG
|
+$53.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JPMorgan Chase
JPM
|
+$145M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$94.2M |
| 3 |
Apple
AAPL
|
+$92.6M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$91.9M |
| 5 |
Meta Platforms (Facebook)
META
|
+$72.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.47% |
| 2 | Financials | 17.02% |
| 3 | Healthcare | 13.67% |
| 4 | Consumer Discretionary | 10.35% |
| 5 | Industrials | 10.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Royal Caribbean
RCL
$85.6B
| $61.8M | 0.08% |
475,900
+19,602
| +4% | +$2.3M |
|
|
ALXN
252
DELISTED
Alexion Pharmaceuticals
ALXN
| $61.3M | 0.08% |
440,878
-44,149
| -9% | -$5.54M |
|
253
Conagra Brands
CAG
$7.23B
| $61M | 0.08% |
1,796,103
+133,804
| +8% | +$4.89M |
|
254
Zimmer Biomet
ZBH
$18.4B
| $61M | 0.08% |
477,898
-26,525
| -5% | -$3.15M |
|
255
Trane Technologies
TT
$106B
| $60.9M | 0.08% |
595,412
-70,801
| -11% | -$6.92M |
|
256
Loews
L
$23.6B
| $60.7M | 0.08% |
1,207,603
+159,161
| +15% | +$7.98M |
|
257
Hewlett Packard
HPE
$70.5B
| $60.6M | 0.08% |
3,718,321
-284,491
| -7% | -$4.56M |
|
258
Ameriprise Financial
AMP
$48.8B
| $60.2M | 0.08% |
407,823
-33,074
| -8% | -$4.73M |
|
259
Entergy
ETR
$50B
| $59.8M | 0.08% |
1,475,094
+441,926
| +43% | +$18.3M |
|
260
M&T Bank
MTB
$36.2B
| $59.6M | 0.08% |
362,112
-24,337
| -6% | -$4.22M |
|
261
Newmont
NEM
$119B
| $59.5M | 0.08% |
1,969,075
+368,255
| +23% | +$12.5M |
|
262
Williams Companies
WMB
$86.1B
| $59.4M | 0.08% |
2,186,201
+710,261
| +48% | +$20.6M |
|
263
Northern Trust
NTRS
$33.9B
| $58.9M | 0.08% |
576,763
-49,226
| -8% | -$5.27M |
|
264
Vanguard Real Estate ETF
VNQ
$39.1B
| $58.8M | 0.08% |
729,347
+33,390
| +5% | +$2.75M |
|
265
DXC Technology
DXC
$1.73B
| $58.6M | 0.08% |
626,788
-68,174
| -10% | -$6.03M |
|
266
Kraft Heinz
KHC
$30B
| $58.5M | 0.08% |
1,062,339
-110,346
| -9% | -$6.59M |
|
267
American Water Works
AWK
$26.9B
| $58.5M | 0.08% |
665,193
+119,586
| +22% | +$10.5M |
|
268
United Airlines
UAL
$42.1B
| $58.3M | 0.08% |
654,630
-5,600
| -0.8% | -$462K |
|
269
PACCAR
PCAR
$70.1B
| $58.3M | 0.08% |
1,281,989
-44,977
| -3% | -$1.98M |
|
270
Moody's
MCO
$82.7B
| $58.1M | 0.07% |
347,512
-12,237
| -3% | -$2.15M |
|
271
Evergy
EVRG
$19.2B
| $58.1M | 0.07% |
1,057,917
+452,842
| +75% | +$25.6M |
|
|
TIF
272
DELISTED
Tiffany & Co.
TIF
| $58M | 0.07% |
450,055
+70,688
| +19% | +$9.24M |
|
|
ANSS
273
DELISTED
Ansys
ANSS
| $58M | 0.07% |
310,821
+60,168
| +24% | +$10.8M |
|
274
Hershey
HSY
$36.6B
| $57.9M | 0.07% |
567,674
+79,974
| +16% | +$7.9M |
|
275
McCormick & Company Non-Voting
MKC
$14.2B
| $57.9M | 0.07% |
878,696
+147,102
| +20% | +$9.08M |
|
Similar funds
California Public Employees Retirement System's Q3 2018 Portfolio in Review
As of Q3 2018, California Public Employees Retirement System held 3,359 positions worth $77.6B, up 7.3% from $72.3B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Trading was light in Q3 2018: portfolio turnover was 4.1%. California Public Employees Retirement System opened 70 new positions and exited 69, leaving the 3,359-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 17% a quarter earlier, followed by Financials and Healthcare.
- California Public Employees Retirement System's largest Q3 2018 buy was Veoneer, Inc.: 151,840 shares worth $8.36M.
- California Public Employees Retirement System added most to Coca-Cola in Q3 2018, an estimated $94.3M increase.
- California Public Employees Retirement System's biggest Q3 2018 reduction was JPMorgan Chase, cutting an estimated $145M.
- California Public Employees Retirement System fully exited XL Group Ltd. in Q3 2018, selling an estimated $35.7M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $77.6B portfolio in Q3 2018.
- California Public Employees Retirement System opened 70 new positions and closed 69 in Q3 2018.
- California Public Employees Retirement System's portfolio value rose 7.3% quarter-over-quarter to $77.6B.
Based on California Public Employees Retirement System's 13F filing for Q3 2018, filed 13 Nov 2018.