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 | 10.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
KLA
KLAC
$259B
| $35.8M | 0.05% |
3,516,960
-85,720
| -2% | -$937K |
|
427
Chipotle Mexican Grill
CMG
$41.5B
| $35.7M | 0.05% |
3,924,150
+142,100
| +4% | +$1.35M |
|
428
MSCI
MSCI
$40.9B
| $35.3M | 0.05% |
198,967
-40,928
| -17% | -$7.11M |
|
|
CDK
429
DELISTED
CDK Global, Inc.
CDK
| $35.1M | 0.05% |
561,516
+118,941
| +27% | +$7.54M |
|
430
SBA Communications
SBAC
$19.5B
| $35M | 0.05% |
217,693
-24,555
| -10% | -$3.91M |
|
|
ETFC
431
DELISTED
E*Trade Financial Corporation
ETFC
| $34.9M | 0.05% |
666,208
-3,007
| -0.4% | -$176K |
|
432
Mettler-Toledo International
MTD
$28.6B
| $34.9M | 0.05% |
57,285
-26,854
| -32% | -$15.8M |
|
433
Fastenal
FAST
$59.5B
| $34.8M | 0.04% |
2,401,500
-107,392
| -4% | -$1.53M |
|
434
MGM Resorts International
MGM
$11.2B
| $34.7M | 0.04% |
1,244,636
+124,434
| +11% | +$3.61M |
|
435
Capri Holdings
CPRI
$1.74B
| $34.7M | 0.04% |
506,402
+10,239
| +2% | +$717K |
|
436
Dover
DOV
$28.4B
| $34.5M | 0.04% |
389,955
-63,144
| -14% | -$5.21M |
|
|
FLIR
437
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $34.3M | 0.04% |
558,526
+125,787
| +29% | +$7.4M |
|
|
VMW
438
DELISTED
VMware, Inc
VMW
| $34.1M | 0.04% |
218,577
+5,866
| +3% | +$898K |
|
|
ABMD
439
DELISTED
Abiomed Inc
ABMD
| $33.9M | 0.04% |
75,372
+3,619
| +5% | +$1.43M |
|
440
HF Sinclair
DINO
$14.5B
| $33.9M | 0.04% |
484,935
-23,447
| -5% | -$1.65M |
|
441
Seagate
STX
$184B
| $33.6M | 0.04% |
709,353
+8,310
| +1% | +$444K |
|
442
Alexandria Real Estate Equities
ARE
$8.56B
| $33.5M | 0.04% |
265,972
+87,363
| +49% | +$11M |
|
443
AGNC Investment
AGNC
$12.9B
| $33.3M | 0.04% |
1,787,506
+318,189
| +22% | +$6.07M |
|
|
WCN
444
Waste Connections
WCN
$42B
| $33.2M | 0.04% |
416,621
+213,076
| +105% | +$16.7M |
|
445
Iron Mountain
IRM
$36.1B
| $33.2M | 0.04% |
961,385
+332,340
| +53% | +$11.8M |
|
|
NBL
446
DELISTED
Noble Energy, Inc.
NBL
| $33.1M | 0.04% |
1,061,986
+2,229
| +0.2% | +$71.4K |
|
447
Ametek
AME
$58.2B
| $32.9M | 0.04% |
416,147
-47,882
| -10% | -$3.67M |
|
|
SIVB
448
DELISTED
SVB Financial Group
SIVB
| $32.9M | 0.04% |
105,730
+1,416
| +1% | +$447K |
|
449
CDW
CDW
$17B
| $32.8M | 0.04% |
368,462
-4,221
| -1% | -$365K |
|
450
W.R. Berkley
WRB
$26.6B
| $32.6M | 0.04% |
1,378,296
+235,818
| +21% | +$5.35M |
|
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.