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 | |
|---|---|---|---|---|---|---|
1001
Valley National Bancorp
VLY
$8.1B
| $8.17M | 0.01% |
726,408
+10,366
| +1% | +$125K |
|
|
JOYY
1002
JOYY Inc
JOYY
$3.77B
| $8.13M | 0.01% |
108,569
-64,740
| -37% | -$5.44M |
|
1003
Bankunited
BKU
$3.34B
| $8.12M | 0.01% |
229,353
+2,503
| +1% | +$98.6K |
|
|
TCO
1004
DELISTED
Taubman Centers Inc.
TCO
| $8.12M | 0.01% |
135,674
+7,348
| +6% | +$453K |
|
1005
Knight Transportation
KNX
$11.2B
| $8.11M | 0.01% |
235,309
-24,615
| -9% | -$862K |
|
|
MNK
1006
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $8.11M | 0.01% |
276,637
-13,988
| -5% | -$394K |
|
1007
BGC Group
BGC
$4.86B
| $8.09M | 0.01% |
1,064,124
-161,925
| -13% | -$1.2M |
|
1008
Funko
FNKO
$346M
| $8.08M | 0.01% |
341,200
| – | – |
|
1009
Visteon
VC
$2.8B
| $8.05M | 0.01% |
86,680
-3,226
| -4% | -$373K |
|
|
NGHC
1010
DELISTED
National General Holdings Corp
NGHC
| $8.05M | 0.01% |
299,759
+10,088
| +3% | +$274K |
|
|
WCC
1011
WESCO International
WCC
$17.9B
| $8.02M | 0.01% |
130,507
-9,657
| -7% | -$578K |
|
1012
Erie Indemnity
ERIE
$13.2B
| $8M | 0.01% |
62,690
-6,580
| -9% | -$818K |
|
|
MLNX
1013
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $7.98M | 0.01% |
108,587
+15,800
| +17% | +$1.27M |
|
1014
Protolabs
PRLB
$2.14B
| $7.97M | 0.01% |
49,248
+4,372
| +10% | +$619K |
|
1015
Exelixis
EXEL
$13.1B
| $7.94M | 0.01% |
448,300
-49,290
| -10% | -$961K |
|
|
ATHN
1016
DELISTED
Athenahealth, Inc.
ATHN
| $7.92M | 0.01% |
59,246
-4,156
| -7% | -$623K |
|
|
TWO
1017
Two Harbors Investment
TWO
$1.26B
| $7.91M | 0.01% |
132,494
+39,979
| +43% | +$2.49M |
|
1018
Trade Desk
TTD
$6.29B
| $7.91M | 0.01% |
524,290
+264,290
| +102% | +$3.13M |
|
1019
Inogen
INGN
$163M
| $7.91M | 0.01% |
32,403
+1,254
| +4% | +$290K |
|
1020
Ternium
TX
$10.8B
| $7.87M | 0.01% |
259,649
-11,123
| -4% | -$352K |
|
1021
Conduent
CNDT
$242M
| $7.86M | 0.01% |
348,921
-7,556
| -2% | -$155K |
|
1022
Wintrust Financial
WTFC
$10.7B
| $7.86M | 0.01% |
92,517
-13,141
| -12% | -$1.17M |
|
|
TSE
1023
DELISTED
Trinseo
TSE
| $7.85M | 0.01% |
100,271
-4,574
| -4% | -$343K |
|
1024
Zurn Elkay Water Solutions
ZWS
$8.47B
| $7.83M | 0.01% |
527,939
-21,937
| -4% | -$313K |
|
1025
Entegris
ENTG
$22B
| $7.81M | 0.01% |
269,663
-5,512
| -2% | -$186K |
|
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.