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 |
PepsiCo
PEP
|
+$196M |
| 2 |
Coca-Cola
KO
|
+$195M |
| 3 |
NextEra Energy
NEE
|
+$108M |
| 4 |
McDonald's
MCD
|
+$99.5M |
| 5 |
Newmont
NEM
|
+$97.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apollo Global Management
APO
|
+$475M |
| 2 |
Apple
AAPL
|
+$244M |
| 3 |
Microsoft
MSFT
|
+$198M |
| 4 |
JPMorgan Chase
JPM
|
+$132M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$99.1M |
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 | |
|---|---|---|---|---|---|---|
2826
Bankwell Financial Group
BWFG
$531M
| $250K | ﹤0.01% |
8,700
| – | – |
|
2827
Celcuity
CELC
$4.49B
| $250K | ﹤0.01% |
10,000
| – | – |
|
|
MSC
2828
Studio City International Holdings
MSC
$331M
| $250K | ﹤0.01% |
+12,636
| New | +$233K |
|
2829
Ultralife
ULBI
$110M
| $250K | ﹤0.01% |
31,400
| – | – |
|
2830
Marcus Corp
MCS
$918M
| $249K | ﹤0.01% |
7,545
+582
| +8% | +$21.4K |
|
2831
MacroGenics
MGNX
$259M
| $249K | ﹤0.01% |
14,702
+2,050
| +16% | +$35.2K |
|
2832
Nordic American Tanker
NAT
$1.36B
| $249K | ﹤0.01% |
106,421
+12,800
| +14% | +$27.6K |
|
|
PTVCB
2833
DELISTED
Protective Insurance Corporation Class B Common Stock
PTVCB
| $249K | ﹤0.01% |
14,344
| – | – |
|
2834
Investar Holding Corp
ISTR
$412M
| $248K | ﹤0.01% |
10,400
| – | – |
|
|
MOBL
2835
DELISTED
MobileIron, Inc.
MOBL
| $248K | ﹤0.01% |
40,047
+12,952
| +48% | +$73.3K |
|
|
DALN
2836
DELISTED
DallasNews
DALN
| $247K | ﹤0.01% |
16,720
| – | – |
|
2837
Adecoagro
AGRO
$1.38B
| $246K | ﹤0.01% |
34,466
+11,600
| +51% | +$79.2K |
|
2838
Accuray
ARAY
$35.2M
| $246K | ﹤0.01% |
63,654
+7,800
| +14% | +$31.5K |
|
2839
Covenant Logistics
CVLG
$856M
| $246K | ﹤0.01% |
33,476
-30,400
| -48% | -$266K |
|
|
ALTA
2840
DELISTED
Altabancorp
ALTA
| $246K | ﹤0.01% |
+8,372
| New | +$240K |
|
2841
PennyMac Financial
PFSI
$3.95B
| $245K | ﹤0.01% |
11,038
-10,835
| -50% | -$241K |
|
|
AVDL
2842
DELISTED
Avadel Pharmaceuticals
AVDL
| $244K | ﹤0.01% |
84,500
| – | – |
|
2843
Broadwind
BWEN
$103M
| $244K | ﹤0.01% |
109,780
| – | – |
|
2844
Beazer Homes USA
BZH
$907M
| $244K | ﹤0.01% |
25,400
-16,474
| -39% | -$180K |
|
2845
Titan Machinery
TITN
$434M
| $244K | ﹤0.01% |
11,861
-14,202
| -54% | -$239K |
|
|
VWTR
2846
DELISTED
Vidler Water Resouces, Inc. Common Stock
VWTR
| $244K | ﹤0.01% |
20,986
| – | – |
|
2847
Lifetime Brands
LCUT
$206M
| $242K | ﹤0.01% |
25,600
| – | – |
|
2848
Ooma
OOMA
$589M
| $241K | ﹤0.01% |
+23,000
| New | +$292K |
|
2849
PhenixFIN
PFX
$90.3M
| $241K | ﹤0.01% |
5,145
| – | – |
|
|
AQ
2850
DELISTED
Aquantia Corp. Common Stock
AQ
| $241K | ﹤0.01% |
18,514
+8,514
| +85% | +$99.5K |
|
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.