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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
MNKD icon
3051
MannKind Corp
MNKD
$1.32B
$121K ﹤0.01%
105,476
-111,118
-51% -$154K
VSTM icon
3052
Verastem
VSTM
$610M
$121K ﹤0.01%
6,667
-1,072
-14% -$24.3K
BKCC
3053
DELISTED
BlackRock Capital Investment Corporation
BKCC
$121K ﹤0.01%
+20,100
New +$123K
TOO
3054
DELISTED
Teekay Offshore Partners L.P.
TOO
$121K ﹤0.01%
95,986
SDLP
3055
DELISTED
SEADRILL PARTNERS LLC
SDLP
$120K ﹤0.01%
32,460
-1,162
-3% -$6.78K
EARN
3056
Ellington Residential Mortgage REIT
EARN
$165M
$119K ﹤0.01%
11,100
LAZR
3057
DELISTED
Luminar Technologies
LAZR
$118K ﹤0.01%
+768
New +$114K
CVU icon
3058
CPI Aerostructures
CVU
$68.5M
$117K ﹤0.01%
13,900
VTNR
3059
DELISTED
Vertex Energy, Inc
VTNR
$117K ﹤0.01%
77,600
SRNE
3060
DELISTED
Sorrento Therapeutics, Inc.
SRNE
$117K ﹤0.01%
43,800
-14,987
-25% -$53.9K
FOCL
3061
EDAP TMS S.A.
FOCL
$233M
$116K ﹤0.01%
42,800
BCOV
3062
DELISTED
Brightcove, Inc.
BCOV
$116K ﹤0.01%
+11,226
New +$108K
NEXA icon
3063
Nexa Resources
NEXA
$1.87B
$115K ﹤0.01%
11,978
-23,260
-66% -$250K
CLUB
3064
DELISTED
Town Sports International Holdings, Inc.
CLUB
$115K ﹤0.01%
53,000
CLRO icon
3065
ClearOne Inc
CLRO
$27.2M
$113K ﹤0.01%
3,373
PLUR icon
3066
Pluri
PLUR
$19.6M
$113K ﹤0.01%
2,271
RCUS icon
3067
Arcus Biosciences
RCUS
$3.64B
$113K ﹤0.01%
14,200
+3,200
+29% +$32K
STR
3068
DELISTED
Sitio Royalties
STR
$113K ﹤0.01%
+3,354
New +$110K
MX icon
3069
Magnachip Semiconductor
MX
$145M
$112K ﹤0.01%
+10,794
New +$98.7K
IO
3070
DELISTED
ION Geophysical Corporation
IO
$112K ﹤0.01%
13,866
FLL icon
3071
Full House Resorts
FLL
$89M
$111K ﹤0.01%
59,245
MGNI icon
3072
Magnite
MGNI
$3.55B
$110K ﹤0.01%
17,266
-77,831
-82% -$478K
BOCH
3073
DELISTED
Bank of Commerce Holdings (CA)
BOCH
$110K ﹤0.01%
10,262
DF
3074
DELISTED
Dean Foods Company
DF
$110K ﹤0.01%
119,000
-18,326
-13% -$29.5K
OCC icon
3075
Optical Cable Corp
OCC
$143M
$109K ﹤0.01%
26,409

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.