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 | |
|---|---|---|---|---|---|---|
651
Autoliv
ALV
$8.92B
| $17.1M | 0.02% |
197,415
-86,870
| -31% | -$8.28M |
|
652
Zebra Technologies
ZBRA
$17.9B
| $17M | 0.02% |
96,346
-6,266
| -6% | -$1M |
|
|
HBI
653
DELISTED
Hanesbrands
HBI
| $17M | 0.02% |
923,775
-134,613
| -13% | -$2.61M |
|
|
CLR
654
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $17M | 0.02% |
248,450
+16,168
| +7% | +$1.02M |
|
655
Commerce Bancshares
CBSH
$8.45B
| $16.9M | 0.02% |
379,195
+2,103
| +0.6% | +$98.2K |
|
656
Starwood Property Trust
STWD
$6.14B
| $16.8M | 0.02% |
780,666
+23,837
| +3% | +$528K |
|
657
Sensata Technologies
ST
$6.77B
| $16.8M | 0.02% |
338,748
-1,897
| -0.6% | -$99.3K |
|
658
Brunswick
BC
$5.2B
| $16.8M | 0.02% |
249,963
+2,956
| +1% | +$196K |
|
659
Bio-Rad Laboratories Class A
BIO
$9.44B
| $16.7M | 0.02% |
53,461
+212
| +0.4% | +$65.8K |
|
|
BERY
660
DELISTED
Berry Global Group, Inc.
BERY
| $16.6M | 0.02% |
374,171
-20,307
| -5% | -$892K |
|
661
Pool Corp
POOL
$7.28B
| $16.6M | 0.02% |
99,547
+2,296
| +2% | +$372K |
|
662
Service Corp International
SCI
$11.4B
| $16.6M | 0.02% |
375,679
+52,239
| +16% | +$2.11M |
|
663
Teradata
TDC
$2.55B
| $16.6M | 0.02% |
439,143
+11,283
| +3% | +$455K |
|
664
Sonoco
SON
$5.68B
| $16.6M | 0.02% |
298,369
-9,755
| -3% | -$543K |
|
|
PACW
665
DELISTED
PacWest Bancorp
PACW
| $16.5M | 0.02% |
346,411
-581
| -0.2% | -$29.3K |
|
|
FLG
666
Flagstar Bank National Association
FLG
$5.81B
| $16.4M | 0.02% |
527,984
-1,160
| -0.2% | -$38K |
|
667
Acuity Brands
AYI
$10.6B
| $16.4M | 0.02% |
104,385
-3,197
| -3% | -$459K |
|
|
OPLN
668
Openlane
OPLN
$4.58B
| $16.4M | 0.02% |
723,784
-5,828
| -0.8% | -$135K |
|
669
Quanta Services
PWR
$100B
| $16.3M | 0.02% |
488,003
-22,464
| -4% | -$764K |
|
670
Hawaiian Electric Industries
HE
$2.02B
| $16.2M | 0.02% |
456,161
+101,594
| +29% | +$3.57M |
|
671
Popular Inc
BPOP
$11.2B
| $16.2M | 0.02% |
316,280
-14,142
| -4% | -$705K |
|
672
Allegion
ALLE
$14.1B
| $16.2M | 0.02% |
178,938
-23,206
| -11% | -$1.96M |
|
673
LivaNova
LIVN
$4.18B
| $16.2M | 0.02% |
130,373
+375
| +0.3% | +$44.2K |
|
|
MNDT
674
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $16.1M | 0.02% |
949,600
+600,730
| +172% | +$9.61M |
|
675
Trex
TREX
$4.91B
| $16.1M | 0.02% |
418,714
-34,922
| -8% | -$1.34M |
|
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.