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 | |
|---|---|---|---|---|---|---|
326
Principal Financial Group
PFG
$24.3B
| $49.1M | 0.06% |
837,307
+55,577
| +7% | +$3.1M |
|
327
Brown-Forman Class B
BF.B
$13.1B
| $48.9M | 0.06% |
967,364
+178,331
| +23% | +$9.26M |
|
328
Western Digital
WDC
$150B
| $48.8M | 0.06% |
1,102,591
+165,059
| +18% | +$8.36M |
|
|
CXO
329
DELISTED
CONCHO RESOURCES INC.
CXO
| $48.5M | 0.06% |
317,255
+44,124
| +16% | +$6.22M |
|
330
Idexx Laboratories
IDXX
$46.2B
| $48.4M | 0.06% |
193,942
-33,643
| -15% | -$8.17M |
|
331
Willis Towers Watson
WTW
$32B
| $48.2M | 0.06% |
341,868
+47,979
| +16% | +$7.25M |
|
332
American Airlines Group
AAL
$10.6B
| $48.1M | 0.06% |
1,163,600
-160,579
| -12% | -$6.28M |
|
333
Citizens Financial Group
CFG
$30.6B
| $48.1M | 0.06% |
1,246,506
-120,511
| -9% | -$4.86M |
|
334
Healthpeak Properties
DOC
$14.8B
| $47.9M | 0.06% |
1,818,536
+728,618
| +67% | +$19.2M |
|
335
Advanced Micro Devices
AMD
$789B
| $47.8M | 0.06% |
1,546,211
-62,979
| -4% | -$1.42M |
|
336
Henry Schein
HSIC
$9.82B
| $47.7M | 0.06% |
715,051
+107,026
| +18% | +$6.67M |
|
337
Avery Dennison
AVY
$13.4B
| $47.6M | 0.06% |
439,725
+40,604
| +10% | +$4.37M |
|
|
XYZ
338
Block Inc
XYZ
$47.5B
| $47.5M | 0.06% |
479,591
+21,201
| +5% | +$1.64M |
|
339
Monster Beverage
MNST
$88.5B
| $47.3M | 0.06% |
1,621,750
-226,640
| -12% | -$6.82M |
|
340
Cardinal Health
CAH
$55.4B
| $47M | 0.06% |
870,548
-9,605
| -1% | -$492K |
|
341
FirstEnergy
FE
$27.5B
| $46.9M | 0.06% |
1,261,410
+121,510
| +11% | +$4.44M |
|
|
PARA
342
DELISTED
Paramount Global Class B
PARA
| $46.7M | 0.06% |
812,816
-121,700
| -13% | -$6.72M |
|
343
Agilent Technologies
A
$41.2B
| $46.6M | 0.06% |
660,927
-58,499
| -8% | -$3.87M |
|
344
Jack Henry & Associates
JKHY
$11.1B
| $46.6M | 0.06% |
291,129
+61,898
| +27% | +$9.1M |
|
345
SS&C Technologies
SSNC
$18.6B
| $46.5M | 0.06% |
818,860
+221,446
| +37% | +$12.3M |
|
346
Annaly Capital Management
NLY
$17.4B
| $46.4M | 0.06% |
1,132,974
+220,588
| +24% | +$9.24M |
|
347
Las Vegas Sands
LVS
$29.6B
| $46.2M | 0.06% |
779,430
-36,954
| -5% | -$2.48M |
|
|
VIAB
348
DELISTED
Viacom Inc. Class B
VIAB
| $46.2M | 0.06% |
1,368,653
+215,573
| +19% | +$6.47M |
|
349
Liberty Global Class C
LBTYK
$3.49B
| $45.6M | 0.06% |
1,618,783
-44,298
| -3% | -$1.2M |
|
350
NOV
NOV
$7B
| $45.4M | 0.06% |
1,053,807
-15,684
| -1% | -$701K |
|
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.