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 | |
|---|---|---|---|---|---|---|
476
The Mosaic Company
MOS
$7.46B
| $29.5M | 0.04% |
907,709
-85,409
| -9% | -$2.57M |
|
|
SPR
477
DELISTED
Spirit AeroSystems
SPR
| $29.4M | 0.04% |
320,695
-18,029
| -5% | -$1.59M |
|
478
Unum
UNM
$14.5B
| $29.4M | 0.04% |
752,314
-10,950
| -1% | -$409K |
|
479
NiSource
NI
$20B
| $29.4M | 0.04% |
1,178,907
+314,247
| +36% | +$8.32M |
|
480
Newell Brands
NWL
$2.51B
| $29.3M | 0.04% |
1,444,165
-65,779
| -4% | -$1.54M |
|
481
AXIS Capital
AXS
$7.43B
| $29.1M | 0.04% |
504,805
+58,809
| +13% | +$3.33M |
|
|
LSXMK
482
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $28.8M | 0.04% |
871,482
+339,522
| +64% | +$12.1M |
|
483
Masco
MAS
$14.7B
| $28.7M | 0.04% |
782,985
-125,868
| -14% | -$4.84M |
|
484
JD.com
JD
$45.2B
| $28.6M | 0.04% |
1,096,023
-88,392
| -7% | -$2.9M |
|
485
Cheniere Energy
LNG
$54.9B
| $28.4M | 0.04% |
408,817
+76,317
| +23% | +$4.92M |
|
|
VISN
486
Vistance Networks Inc
VISN
$2.63B
| $28.3M | 0.04% |
920,176
+111,516
| +14% | +$3.42M |
|
|
KSU
487
DELISTED
Kansas City Southern
KSU
| $28.2M | 0.04% |
248,531
-20,726
| -8% | -$2.36M |
|
488
Robert Half
RHI
$4.37B
| $28.1M | 0.04% |
399,438
+2,292
| +0.6% | +$168K |
|
489
Marvell Technology
MRVL
$187B
| $28.1M | 0.04% |
1,454,251
+214,986
| +17% | +$4.42M |
|
|
AMTD
490
DELISTED
TD Ameritrade Holding Corp
AMTD
| $27.9M | 0.04% |
528,004
-51,548
| -9% | -$2.93M |
|
491
Steel Dynamics
STLD
$38.5B
| $27.9M | 0.04% |
616,608
+6,640
| +1% | +$306K |
|
492
Snap-on
SNA
$21.3B
| $27.7M | 0.04% |
150,770
-12,736
| -8% | -$2.22M |
|
|
PBCT
493
DELISTED
People's United Financial Inc
PBCT
| $27.7M | 0.04% |
1,616,282
+239,702
| +17% | +$4.38M |
|
494
Tractor Supply
TSCO
$18B
| $27.4M | 0.04% |
1,509,700
-68,745
| -4% | -$1.14M |
|
495
Baker Hughes
BKR
$63.6B
| $27.4M | 0.04% |
809,208
-55,048
| -6% | -$1.82M |
|
496
EQT Corp
EQT
$33.8B
| $27.4M | 0.04% |
1,136,982
+368,795
| +48% | +$10.2M |
|
497
Old Dominion Freight Line
ODFL
$44.1B
| $27.3M | 0.04% |
507,918
+7,542
| +2% | +$382K |
|
498
GoDaddy
GDDY
$11.6B
| $27.1M | 0.04% |
325,294
+81,913
| +34% | +$6.4M |
|
499
Jones Lang LaSalle
JLL
$16.4B
| $27.1M | 0.03% |
187,624
+9,645
| +5% | +$1.52M |
|
500
Alaska Air
ALK
$5.27B
| $27M | 0.03% |
391,668
-20,934
| -5% | -$1.36M |
|
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.