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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
UBX
3001
DELISTED
Unity Biotechnology
UBX
$153K ﹤0.01%
+1,615
New +$137K
COLL icon
3002
Collegium Pharmaceutical
COLL
$956M
$152K ﹤0.01%
+11,580
New +$155K
GTES icon
3003
Gates Industrial Corporation Ltd.
GTES
$7.15B
$152K ﹤0.01%
+13,303
New +$179K
INTT icon
3004
inTEST
INTT
$177M
$152K ﹤0.01%
31,576
GERN icon
3005
Geron
GERN
$949M
$151K ﹤0.01%
106,800
-14,146
-12% -$23.4K
PFLT icon
3006
PennantPark Floating Rate Capital
PFLT
$746M
$151K ﹤0.01%
+13,064
New +$161K
MTEM
3007
DELISTED
Molecular Templates, Inc.
MTEM
$151K ﹤0.01%
1,207
PAE
3008
DELISTED
PAE Incorporated Class A Common Stock
PAE
$151K ﹤0.01%
15,023
+4,204
+39% +$41.8K
SFUN
3009
DELISTED
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
$150K ﹤0.01%
4,830
+374
+8% +$23.6K
GSB
3010
DELISTED
GlobalSCAPE, Inc.
GSB
$150K ﹤0.01%
14,724
ASRV icon
3011
AmeriServ Financial
ASRV
$83.5M
$149K ﹤0.01%
35,833
FET icon
3012
Forum Energy Technologies
FET
$835M
$149K ﹤0.01%
2,184
+205
+10% +$19.5K
UBCP icon
3013
United Bancorp
UBCP
$96M
$149K ﹤0.01%
13,229
CWH icon
3014
Camping World
CWH
$653M
$148K ﹤0.01%
+11,900
New +$154K
FFWM
3015
DELISTED
First Foundation Inc
FFWM
$148K ﹤0.01%
+11,001
New +$152K
SHLO
3016
DELISTED
Shiloh Industries Inc
SHLO
$148K ﹤0.01%
30,400
-17,712
-37% -$93K
MRUS
3017
DELISTED
Merus
MRUS
$147K ﹤0.01%
10,000
RADA
3018
DELISTED
Rada Electronic Industries Ltd
RADA
$147K ﹤0.01%
43,750
BBW icon
3019
Build-A-Bear
BBW
$462M
$146K ﹤0.01%
26,200
IRIX icon
3020
IRIDEX
IRIX
$14.5M
$146K ﹤0.01%
32,100
PXLW icon
3021
Pixelworks
PXLW
$41.6M
$143K ﹤0.01%
4,047
CDOR
3022
DELISTED
Condor Hospitality Trust, Inc. Common Stock
CDOR
$143K ﹤0.01%
15,803
TAT
3023
DELISTED
TransAtlantic Petroleum LTD.
TAT
$142K ﹤0.01%
196,860
CRBP icon
3024
Corbus Pharmaceuticals
CRBP
$190M
$141K ﹤0.01%
680
-702
-51% -$150K
CBAY
3025
DELISTED
Cymabay Therapeutics
CBAY
$140K ﹤0.01%
+19,618
New +$222K

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.