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 | |
|---|---|---|---|---|---|---|
576
Pultegroup
PHM
$24.6B
| $20.9M | 0.03% |
844,528
+19,404
| +2% | +$550K |
|
|
LSXMA
577
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $20.9M | 0.03% |
665,584
+74,051
| +13% | +$2.48M |
|
578
Pentair
PNR
$10.9B
| $20.9M | 0.03% |
481,332
-31,263
| -6% | -$1.36M |
|
579
Arrow Electronics
ARW
$10.3B
| $20.9M | 0.03% |
282,941
-16,821
| -6% | -$1.29M |
|
580
Liberty Global Class A
LBTYA
$3.48B
| $20.8M | 0.03% |
720,491
-32,372
| -4% | -$903K |
|
581
Teleflex
TFX
$6.01B
| $20.8M | 0.03% |
78,131
-21,197
| -21% | -$5.5M |
|
582
Martin Marietta Materials
MLM
$32.9B
| $20.7M | 0.03% |
113,978
+7,288
| +7% | +$1.5M |
|
583
Jazz Pharmaceuticals
JAZZ
$16.7B
| $20.7M | 0.03% |
123,087
-16,572
| -12% | -$2.85M |
|
|
CIT
584
DELISTED
CIT Group Inc.
CIT
| $20.7M | 0.03% |
400,581
-39,442
| -9% | -$2.1M |
|
585
Fair Isaac
FICO
$22.8B
| $20.6M | 0.03% |
90,006
-517
| -0.6% | -$112K |
|
586
Trimble
TRMB
$13.8B
| $20.5M | 0.03% |
471,626
-58,932
| -11% | -$2.3M |
|
587
Revvity
RVTY
$12.9B
| $20.5M | 0.03% |
210,288
-42,509
| -17% | -$3.65M |
|
588
Affiliated Managers Group
AMG
$9.8B
| $20.4M | 0.03% |
149,440
-506
| -0.3% | -$74.7K |
|
589
Ingredion
INGR
$6.55B
| $20.4M | 0.03% |
194,383
-16,796
| -8% | -$1.71M |
|
590
LKQ Corp
LKQ
$6.19B
| $20.4M | 0.03% |
642,597
-12,862
| -2% | -$428K |
|
591
Encompass Health
EHC
$12.5B
| $20.3M | 0.03% |
327,227
+6,496
| +2% | +$395K |
|
592
DexCom
DXCM
$33.1B
| $20.2M | 0.03% |
565,684
+55,284
| +11% | +$1.71M |
|
|
AZPN
593
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $20.2M | 0.03% |
177,254
+19,402
| +12% | +$2.21M |
|
594
Mercado Libre
MELI
$93.2B
| $20.2M | 0.03% |
59,200
-13,828
| -19% | -$4.68M |
|
|
JOBS
595
DELISTED
51job Inc
JOBS
| $20.1M | 0.03% |
261,242
-59,891
| -19% | -$4.78M |
|
596
Burlington
BURL
$23.4B
| $20M | 0.03% |
123,025
+23,200
| +23% | +$3.7M |
|
597
Invitation Homes
INVH
$17.8B
| $20M | 0.03% |
873,780
+471,924
| +117% | +$11M |
|
598
Hubbell
HUBB
$27.1B
| $19.9M | 0.03% |
149,184
-16,165
| -10% | -$1.98M |
|
599
Fortune Brands Innovations
FBIN
$5.74B
| $19.9M | 0.03% |
445,234
-30,403
| -6% | -$1.43M |
|
600
Live Nation Entertainment
LYV
$42.4B
| $19.8M | 0.03% |
362,873
-56,359
| -13% | -$2.85M |
|
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.