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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
CYTR
3251
DELISTED
CytRx Corp
CYTR
$8K ﹤0.01%
22,217
AUMN
3252
DELISTED
Golden Minerals Company
AUMN
$6K ﹤0.01%
888
HSTO
3253
DELISTED
Histogen Inc. Common Stock
HSTO
$6K ﹤0.01%
125
APEX
3254
DELISTED
Apex Global Brands Inc. Common Stock
APEX
$6K ﹤0.01%
517
SES
3255
DELISTED
Synthesis Energy Systems Inc.
SES
$6K ﹤0.01%
2,344
XPL icon
3256
Solitario Resources
XPL
$72.9M
$5K ﹤0.01%
14,104
KSPN
3257
DELISTED
Kaspien Holdings Inc. Common Stock
KSPN
$5K ﹤0.01%
1,099
PALI icon
3258
Palisade Bio
PALI
$367M
0
LGCY
3259
DELISTED
Legacy Reserves Inc. Common Stock
LGCY
$4K ﹤0.01%
190,500
-9,850
-5% -$3.02K
BRS
3260
DELISTED
Bristow Group, Inc.
BRS
$3K ﹤0.01%
33,700
-52,471
-61% -$38.7K
KONA
3261
DELISTED
Kona Grill, Inc.
KONA
$2K ﹤0.01%
32,600
TIS
3262
DELISTED
Orchids Paper Products, Inc.
TIS
$2K ﹤0.01%
25,100
FTD
3263
DELISTED
FTD Companies, Inc. Common Stock
FTD
$1K ﹤0.01%
34,000
-60,562
-64% -$38.3K
EOLS icon
3264
Evolus
EOLS
$501M
-9,388
Closed -$212K
FCEL icon
3265
FuelCell Energy
FCEL
$1.63B
-118
Closed -$10K
FF icon
3266
Future Fuel
FF
$223M
-12,953
Closed -$174K
FRO icon
3267
Frontline
FRO
$8.85B
-30,248
Closed -$195K
GBLI icon
3268
Global Indemnity Group
GBLI
-8,105
Closed -$246K
GSG icon
3269
iShares S&P GSCI Commodity-Indexed Trust
GSG
$900M
-64,870
Closed -$1.03M
HOV icon
3270
Hovnanian Enterprises
HOV
$807M
-13,395
Closed -$147K
HRTG icon
3271
Heritage Insurance Holdings
HRTG
$991M
-20,119
Closed -$294K
INSW icon
3272
International Seaways
INSW
$4.57B
-16,047
Closed -$275K
KIDS icon
3273
OrthoPediatrics
KIDS
$595M
-8,704
Closed -$385K
LXFR icon
3274
Luxfer Holdings
LXFR
$458M
-8,148
Closed -$204K
KG
3275
Kestrel Group
KG
$69M
-3,625
Closed -$54K

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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.