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 | |
|---|---|---|---|---|---|---|
526
TransUnion
TRU
$15.2B
| $24.9M | 0.03% |
338,593
-4,742
| -1% | -$353K |
|
527
PTC
PTC
$16.6B
| $24.5M | 0.03% |
230,371
+8,595
| +4% | +$840K |
|
528
Steris
STE
$23.1B
| $24.4M | 0.03% |
213,565
-10,485
| -5% | -$1.19M |
|
529
Brookfield Infrastructure Partners
BIP
$17.7B
| $24.4M | 0.03% |
1,028,157
-18,406
| -2% | -$438K |
|
530
Harley-Davidson
HOG
$2.69B
| $24.3M | 0.03% |
535,340
-72,983
| -12% | -$3.17M |
|
531
Fluor
FLR
$7.48B
| $24.2M | 0.03% |
416,334
+1,012
| +0.2% | +$55.1K |
|
532
Whirlpool
WHR
$2.72B
| $24.1M | 0.03% |
202,918
-9,740
| -5% | -$1.29M |
|
533
Lennox International
LII
$14.7B
| $24.1M | 0.03% |
110,118
-37,002
| -25% | -$8.06M |
|
|
QVCGA
534
DELISTED
QVC Group Inc Series A
QVCGA
| $24M | 0.03% |
22,267
-568
| -2% | -$597K |
|
535
Targa Resources
TRGP
$56.6B
| $23.9M | 0.03% |
424,726
+77,026
| +22% | +$4.11M |
|
536
H&R Block
HRB
$5.86B
| $23.9M | 0.03% |
926,901
+138,645
| +18% | +$3.52M |
|
|
GRUB
537
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $23.9M | 0.03% |
86,060
+11,719
| +16% | +$3.02M |
|
538
XPO
XPO
$23.6B
| $23.9M | 0.03% |
604,119
+35,876
| +6% | +$1.3M |
|
|
ZAYO
539
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $23.8M | 0.03% |
685,799
+185,382
| +37% | +$6.77M |
|
540
NetEase
NTES
$84.8B
| $23.8M | 0.03% |
521,420
-107,345
| -17% | -$4.94M |
|
541
Norwegian Cruise Line
NCLH
$8.55B
| $23.6M | 0.03% |
411,266
-49,311
| -11% | -$2.55M |
|
|
HDS
542
DELISTED
HD Supply Holdings, Inc.
HDS
| $23.4M | 0.03% |
547,722
+12,575
| +2% | +$551K |
|
543
BorgWarner
BWA
$14.2B
| $23.4M | 0.03% |
621,458
-9,000
| -1% | -$354K |
|
544
Veeva Systems
VEEV
$38.1B
| $23.3M | 0.03% |
214,317
-11,753
| -5% | -$1.07M |
|
|
ULTI
545
DELISTED
Ultimate Software Group Inc
ULTI
| $23.2M | 0.03% |
71,868
+6,730
| +10% | +$1.99M |
|
546
ManpowerGroup
MAN
$2.62B
| $23.1M | 0.03% |
268,864
-16,804
| -6% | -$1.5M |
|
547
Qorvo
QRVO
$8.58B
| $23.1M | 0.03% |
300,391
+12,099
| +4% | +$969K |
|
548
Lennar Class A
LEN
$20.6B
| $23.1M | 0.03% |
510,341
-62,243
| -11% | -$3.14M |
|
|
HOLX
549
DELISTED
Hologic
HOLX
| $23M | 0.03% |
560,192
-36,024
| -6% | -$1.46M |
|
|
NLSN
550
DELISTED
Nielsen Holdings plc
NLSN
| $23M | 0.03% |
829,878
+18,650
| +2% | +$502K |
|
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.