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 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$296M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$240M |
| 3 |
JOBS
51job Inc
JOBS
|
+$22.5M |
| 4 |
Intel
INTC
|
+$22.1M |
| 5 |
WP
Worldpay, Inc.
WP
|
+$21.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$334M |
| 2 |
Amazon
AMZN
|
+$151M |
| 3 |
Johnson & Johnson
JNJ
|
+$80M |
| 4 |
Microsoft
MSFT
|
+$69.8M |
| 5 |
Meta Platforms (Facebook)
META
|
+$65.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.47% |
| 2 | Technology | 16.8% |
| 3 | Healthcare | 12.75% |
| 4 | Industrials | 10.63% |
| 5 | Consumer Discretionary | 10.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SBNY
651
DELISTED
Signature Bank
SBNY
| $16.9M | 0.02% |
119,325
-15,420
| -11% | -$2.32M |
|
652
Fair Isaac
FICO
$22.7B
| $16.9M | 0.02% |
99,993
-4,060
| -4% | -$678K |
|
|
SNV
653
DELISTED
Synovus
SNV
| $16.9M | 0.02% |
339,120
-2,871
| -0.8% | -$145K |
|
654
TAL Education Group
TAL
$6.93B
| $16.9M | 0.02% |
456,377
-198,072
| -30% | -$6.8M |
|
655
Toro Company
TTC
$9.4B
| $16.9M | 0.02% |
270,934
-36,614
| -12% | -$2.33M |
|
|
HBI
656
DELISTED
Hanesbrands
HBI
| $16.9M | 0.02% |
918,268
+49,225
| +6% | +$1.02M |
|
657
Chemours
CC
$2.2B
| $16.9M | 0.02% |
346,200
-54,585
| -14% | -$2.73M |
|
658
Quanta Services
PWR
$99.4B
| $16.9M | 0.02% |
490,910
+13,306
| +3% | +$483K |
|
659
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $16.8M | 0.02% |
262,415
-11,799
| -4% | -$771K |
|
660
Polaris
PII
$3.97B
| $16.8M | 0.02% |
146,519
+1,133
| +0.8% | +$136K |
|
661
Veeva Systems
VEEV
$38.1B
| $16.8M | 0.02% |
229,487
-706
| -0.3% | -$45.6K |
|
|
GRUB
662
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $16.7M | 0.02% |
82,515
-4,347
| -5% | -$769K |
|
663
Southern Copper
SCCO
$167B
| $16.7M | 0.02% |
331,733
-212,087
| -39% | -$10M |
|
664
Hanover Insurance
THG
$7.86B
| $16.7M | 0.02% |
141,297
+6,869
| +5% | +$772K |
|
665
Factset
FDS
$10.1B
| $16.6M | 0.02% |
83,475
-3,162
| -4% | -$639K |
|
666
Brown & Brown
BRO
$24B
| $16.6M | 0.02% |
651,628
-16,252
| -2% | -$425K |
|
667
NiSource
NI
$20B
| $16.5M | 0.02% |
691,459
-22,572
| -3% | -$535K |
|
668
Equity Lifestyle Properties
ELS
$12.5B
| $16.5M | 0.02% |
374,926
-32,004
| -8% | -$1.36M |
|
669
Allison Transmission
ALSN
$10.3B
| $16.4M | 0.02% |
419,825
+22,036
| +6% | +$914K |
|
670
Avis
CAR
$4.9B
| $16.2M | 0.02% |
345,680
-74,021
| -18% | -$3.33M |
|
|
CLR
671
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $16.1M | 0.02% |
272,968
-30,159
| -10% | -$1.63M |
|
672
Teledyne Technologies
TDY
$32B
| $16.1M | 0.02% |
85,754
-2,785
| -3% | -$526K |
|
|
MBT
673
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $16M | 0.02% |
1,405,246
-273,224
| -16% | -$3.18M |
|
674
Herbalife
HLF
$1.21B
| $16M | 0.02% |
328,206
-238,856
| -42% | -$10.1M |
|
|
WR
675
DELISTED
Westar Energy Inc
WR
| $16M | 0.02% |
303,689
-49,619
| -14% | -$2.51M |
|
Similar funds
California Public Employees Retirement System's Q1 2018 Portfolio in Review
As of Q1 2018, California Public Employees Retirement System held 3,399 positions worth $70.2B, down 5.1% from $74B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
California Public Employees Retirement System withdrew a net $2.88B in Q1 2018, closing 114 positions and reducing 1,632 holdings. Its most notable exit was Scripps Networks Interactive, Inc Common Class A, an estimated $21M position sold in full.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
Against the trend, California Public Employees Retirement System opened a new position in GCI Liberty, Inc. Class A Common Stock (DE) worth $15.4M.
- California Public Employees Retirement System's largest Q1 2018 buy was GCI Liberty, Inc. Class A Common Stock (DE): 291,278 shares worth $15.4M.
- California Public Employees Retirement System added most to Athene Holding Ltd. Class A Common Shares in Q1 2018, an estimated $296M increase.
- California Public Employees Retirement System's biggest Q1 2018 reduction was Alphabet (Google) Class C, cutting an estimated $334M.
- California Public Employees Retirement System fully exited Scripps Networks Interactive, Inc Common Class A in Q1 2018, selling an estimated $21M.
- California Public Employees Retirement System's ten largest holdings make up 16% of its $70.2B portfolio in Q1 2018.
- California Public Employees Retirement System opened 83 new positions and closed 114 in Q1 2018.
- California Public Employees Retirement System's portfolio value fell 5.1% quarter-over-quarter to $70.2B.
Based on California Public Employees Retirement System's 13F filing for Q1 2018, filed 11 May 2018.