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 | |
|---|---|---|---|---|---|---|
301
Autodesk
ADSK
$52.6B
| $53.6M | 0.07% |
343,491
-16,981
| -5% | -$2.4M |
|
302
lululemon athletica
LULU
$14.6B
| $53.6M | 0.07% |
329,825
+59,514
| +22% | +$8.16M |
|
303
Essex Property Trust
ESS
$18.5B
| $53.6M | 0.07% |
217,084
+42,896
| +25% | +$10.3M |
|
304
CMS Energy
CMS
$22.3B
| $52.9M | 0.07% |
1,080,130
+223,249
| +26% | +$10.9M |
|
305
Realty Income
O
$59.1B
| $52.5M | 0.07% |
952,382
+209,311
| +28% | +$11.5M |
|
|
FITB
306
Fifth Third Bancorp
FITB
$51.8B
| $52.4M | 0.07% |
1,877,393
-186,479
| -9% | -$5.47M |
|
307
Oneok
OKE
$54.5B
| $52.2M | 0.07% |
769,388
+99,230
| +15% | +$6.79M |
|
308
Dollar Tree
DLTR
$25.2B
| $52.1M | 0.07% |
639,360
+94,893
| +17% | +$8.33M |
|
309
Lumen
LUMN
$6.44B
| $51.9M | 0.07% |
2,450,224
-103,319
| -4% | -$2.16M |
|
|
JNPR
310
DELISTED
Juniper Networks
JNPR
| $51.9M | 0.07% |
1,731,257
+129,794
| +8% | +$3.63M |
|
311
Stanley Black & Decker
SWK
$15.7B
| $51.3M | 0.07% |
350,092
-14,428
| -4% | -$2.05M |
|
|
TWTR
312
DELISTED
Twitter, Inc.
TWTR
| $50.7M | 0.07% |
1,781,608
+2,757
| +0.2% | +$97.6K |
|
|
CERN
313
DELISTED
Cerner Corp
CERN
| $50.5M | 0.07% |
783,453
+45,482
| +6% | +$2.89M |
|
314
Everest Group
EG
$14.4B
| $50.1M | 0.06% |
219,177
+27,154
| +14% | +$6.08M |
|
315
iShares Core MSCI EAFE ETF
IEFA
$196B
| $50M | 0.06% |
779,658
+1,918
| +0.2% | +$122K |
|
316
Nucor
NUE
$62.1B
| $49.9M | 0.06% |
786,364
-55,283
| -7% | -$3.54M |
|
317
Vornado Realty Trust
VNO
$7.38B
| $49.7M | 0.06% |
680,749
+196,212
| +40% | +$14.5M |
|
|
RHT
318
DELISTED
Red Hat Inc
RHT
| $49.6M | 0.06% |
363,845
-7,775
| -2% | -$1.11M |
|
319
Hasbro
HAS
$13.2B
| $49.6M | 0.06% |
471,628
+106,762
| +29% | +$10.7M |
|
320
Kohl's
KSS
$2.19B
| $49.5M | 0.06% |
664,187
+69,797
| +12% | +$5.28M |
|
|
XLNX
321
DELISTED
Xilinx Inc
XLNX
| $49.5M | 0.06% |
617,268
-86,594
| -12% | -$6.34M |
|
|
MRO
322
DELISTED
Marathon Oil Corporation
MRO
| $49.5M | 0.06% |
2,124,946
+455,587
| +27% | +$9.53M |
|
323
KeyCorp
KEY
$24.4B
| $49.3M | 0.06% |
2,477,270
-406,215
| -14% | -$8.44M |
|
324
International Paper
IP
$22B
| $49.1M | 0.06% |
1,055,910
-29,241
| -3% | -$1.45M |
|
325
Corpay
CPAY
$25.7B
| $49.1M | 0.06% |
215,533
+57,385
| +36% | +$12.5M |
|
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.