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 |
AT&T
T
|
+$186M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$142M |
| 3 |
PepsiCo
PEP
|
+$61.8M |
| 4 |
Coca-Cola
KO
|
+$61.8M |
| 5 |
Pfizer
PFE
|
+$54.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$269M |
| 2 |
TWX
Time Warner Inc
TWX
|
+$178M |
| 3 |
Apple
AAPL
|
+$161M |
| 4 |
Microsoft
MSFT
|
+$132M |
| 5 |
Amazon
AMZN
|
+$125M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.84% |
| 2 | Technology | 16.75% |
| 3 | Healthcare | 13.11% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Industrials | 10.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DISH
601
DELISTED
DISH Network Corp.
DISH
| $19.3M | 0.03% |
575,585
+89,944
| +19% | +$3.07M |
|
|
LSXMA
602
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $19.3M | 0.03% |
591,533
+17,596
| +3% | +$558K |
|
|
XEC
603
DELISTED
CIMAREX ENERGY CO
XEC
| $19.2M | 0.03% |
188,387
-14,856
| -7% | -$1.41M |
|
604
Macerich
MAC
$6.92B
| $19.1M | 0.03% |
336,738
-38,619
| -10% | -$2.19M |
|
605
Polaris
PII
$4.07B
| $19.1M | 0.03% |
156,209
+9,690
| +7% | +$1.13M |
|
606
Icon
ICLR
$12.7B
| $18.9M | 0.03% |
142,876
-5,179
| -3% | -$646K |
|
607
JetBlue
JBLU
$2.29B
| $18.9M | 0.03% |
996,276
+75,651
| +8% | +$1.46M |
|
608
Graco
GGG
$13.5B
| $18.9M | 0.03% |
417,846
-65,419
| -14% | -$3M |
|
|
LPT
609
DELISTED
Liberty Property Trust
LPT
| $18.8M | 0.03% |
423,406
+34,864
| +9% | +$1.48M |
|
610
Regency Centers
REG
$14.1B
| $18.6M | 0.03% |
299,823
+12,272
| +4% | +$720K |
|
|
SNV
611
DELISTED
Synovus
SNV
| $18.6M | 0.03% |
352,024
+12,904
| +4% | +$686K |
|
|
PF
612
DELISTED
Pinnacle Foods, Inc.
PF
| $18.6M | 0.03% |
285,219
+1,039
| +0.4% | +$64K |
|
613
OGE Energy
OGE
$9.71B
| $18.5M | 0.03% |
526,614
+46,423
| +10% | +$1.56M |
|
614
3D Systems Corp
DDD
$613M
| $18.5M | 0.03% |
1,341,500
-267,900
| -17% | -$3.32M |
|
615
Revvity
RVTY
$12.8B
| $18.5M | 0.03% |
252,797
-47,801
| -16% | -$3.59M |
|
616
Rollins
ROL
$18.2B
| $18.5M | 0.03% |
789,590
+38,056
| +5% | +$864K |
|
|
LSXMK
617
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $18.4M | 0.03% |
531,960
+31,121
| +6% | +$1.04M |
|
618
Chemed
CHE
$7.22B
| $18.3M | 0.03% |
56,967
-9,888
| -15% | -$3.09M |
|
|
ZAYO
619
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $18.3M | 0.03% |
500,417
+112,451
| +29% | +$4.01M |
|
620
Jabil
JBL
$35.8B
| $18.2M | 0.03% |
657,192
+9,086
| +1% | +$255K |
|
621
Allison Transmission
ALSN
$9.82B
| $18.1M | 0.03% |
445,948
+26,123
| +6% | +$1.08M |
|
622
H&R Block
HRB
$5.86B
| $18M | 0.02% |
788,256
+95,193
| +14% | +$2.53M |
|
623
Pediatrix Medical
MD
$2.2B
| $17.9M | 0.02% |
414,575
+3,923
| +1% | +$188K |
|
624
Alcoa
AA
$13.2B
| $17.9M | 0.02% |
381,466
-133,201
| -26% | -$6.7M |
|
625
SEI Investments
SEIC
$12.6B
| $17.8M | 0.02% |
285,019
-39,846
| -12% | -$2.65M |
|
Similar funds
California Public Employees Retirement System's Q2 2018 Portfolio in Review
As of Q2 2018, California Public Employees Retirement System held 3,424 positions worth $72.3B, up 3% from $70.2B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System's Q2 2018 filing shows 139 new, 1,115 increased, 1,545 reduced and 134 closed positions. Its largest new stake was Evergy: 605,075 shares worth $34M. The largest sale was Alphabet (Google) Class A, an estimated $269M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System's largest Q2 2018 buy was Evergy: 605,075 shares worth $34M.
- California Public Employees Retirement System added most to AT&T in Q2 2018, an estimated $186M increase.
- California Public Employees Retirement System's biggest Q2 2018 reduction was Alphabet (Google) Class A, cutting an estimated $269M.
- California Public Employees Retirement System fully exited Time Warner Inc in Q2 2018, selling an estimated $178M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $72.3B portfolio in Q2 2018.
- California Public Employees Retirement System opened 139 new positions and closed 134 in Q2 2018.
- California Public Employees Retirement System's portfolio value rose 3% quarter-over-quarter to $72.3B.
Based on California Public Employees Retirement System's 13F filing for Q2 2018, filed 15 Aug 2018.