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 |
Walt Disney
DIS
|
+$135M |
| 2 |
Coca-Cola
KO
|
+$126M |
| 3 |
PepsiCo
PEP
|
+$122M |
| 4 |
Procter & Gamble
PG
|
+$102M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$101M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$292M |
| 2 |
Mastercard
MA
|
+$244M |
| 3 |
Apple
AAPL
|
+$197M |
| 4 |
RTN
Raytheon Company
RTN
|
+$143M |
| 5 |
Northrop Grumman
NOC
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.56% |
| 2 | Financials | 15.24% |
| 3 | Healthcare | 13.8% |
| 4 | Consumer Discretionary | 10% |
| 5 | Industrials | 8.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PE
976
DELISTED
PARSLEY ENERGY INC
PE
| $6.95M | 0.01% |
360,313
-16,255
| -4% | -$298K |
|
977
Ryanair
RYAAY
$30.8B
| $6.95M | 0.01% |
+231,863
| New | +$6.72M |
|
|
HI
978
DELISTED
Hillenbrand
HI
| $6.95M | 0.01% |
167,303
+33,141
| +25% | +$1.4M |
|
979
Kemper
KMPR
$1.56B
| $6.93M | 0.01% |
91,072
-6,539
| -7% | -$502K |
|
|
AIMC
980
DELISTED
Altra Industrial Motion Corp
AIMC
| $6.93M | 0.01% |
223,272
-8,559
| -4% | -$259K |
|
|
STL
981
DELISTED
Sterling Bancorp
STL
| $6.92M | 0.01% |
371,645
-20,284
| -5% | -$388K |
|
|
ARGO
982
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $6.92M | 0.01% |
97,947
-8,241
| -8% | -$561K |
|
|
JBGS
983
JBG SMITH
JBGS
$668M
| $6.91M | 0.01% |
167,204
-2,836
| -2% | -$111K |
|
|
ARRY
984
DELISTED
Array Biopharma Inc
ARRY
| $6.91M | 0.01% |
283,580
-1,548
| -0.5% | -$32.2K |
|
985
Merit Medical Systems
MMSI
$5.48B
| $6.91M | 0.01% |
111,726
-950
| -0.8% | -$53.9K |
|
|
DOCU
986
DocuSign
DOCU
$11.3B
| $6.91M | 0.01% |
133,210
-1,600
| -1% | -$81.6K |
|
987
Portland General Electric
POR
$5.71B
| $6.88M | 0.01% |
132,698
-4,532
| -3% | -$221K |
|
|
ONCE
988
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $6.88M | 0.01% |
60,382
+10,482
| +21% | +$770K |
|
989
Bank of Hawaii
BOH
$3.13B
| $6.87M | 0.01% |
87,075
-5,191
| -6% | -$407K |
|
|
AGR
990
DELISTED
Avangrid, Inc.
AGR
| $6.86M | 0.01% |
136,243
-15,306
| -10% | -$755K |
|
991
Avient
AVNT
$4.18B
| $6.85M | 0.01% |
233,766
+17,147
| +8% | +$538K |
|
992
Dana Inc
DAN
$3.24B
| $6.84M | 0.01% |
385,702
-93,101
| -19% | -$1.65M |
|
993
Haemonetics
HAE
$4B
| $6.84M | 0.01% |
78,158
-800
| -1% | -$72.8K |
|
994
Integer Holdings
ITGR
$4.25B
| $6.83M | 0.01% |
90,620
+14,944
| +20% | +$1.22M |
|
|
LOGM
995
DELISTED
LogMein, Inc.
LOGM
| $6.81M | 0.01% |
84,994
-33,976
| -29% | -$2.9M |
|
|
HZNP
996
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $6.79M | 0.01% |
256,942
-1,355
| -0.5% | -$32.1K |
|
997
Applied Industrial Technologies
AIT
$13.2B
| $6.79M | 0.01% |
114,116
+2,727
| +2% | +$158K |
|
998
Clean Harbors
CLH
$16.5B
| $6.78M | 0.01% |
94,814
-15,524
| -14% | -$959K |
|
999
RLI Corp
RLI
$5.89B
| $6.77M | 0.01% |
188,748
+3,668
| +2% | +$126K |
|
1000
MasTec
MTZ
$21.9B
| $6.77M | 0.01% |
140,756
-39,651
| -22% | -$1.78M |
|
Similar funds
California Public Employees Retirement System's Q1 2019 Portfolio in Review
As of Q1 2019, California Public Employees Retirement System held 3,308 positions worth $81.2B, up 14% from $71.3B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 4.6%. California Public Employees Retirement System opened 56 new positions and exited 97, leaving the 3,308-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.
- California Public Employees Retirement System's largest Q1 2019 buy was Fox Class B: 1,093,604 shares worth $39.2M.
- California Public Employees Retirement System added most to Walt Disney in Q1 2019, an estimated $135M increase.
- California Public Employees Retirement System's biggest Q1 2019 reduction was Athene Holding Ltd. Class A Common Shares, cutting an estimated $292M.
- California Public Employees Retirement System fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $84.9M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $81.2B portfolio in Q1 2019.
- California Public Employees Retirement System opened 56 new positions and closed 97 in Q1 2019.
- California Public Employees Retirement System's portfolio value rose 14% quarter-over-quarter to $81.2B.
Based on California Public Employees Retirement System's 13F filing for Q1 2019, filed 3 May 2019.