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 | |
|---|---|---|---|---|---|---|
1001
Manhattan Associates
MANH
$11.4B
| $6.76M | 0.01% |
122,738
-5,820
| -5% | -$298K |
|
1002
NovoCure
NVCR
$2.04B
| $6.75M | 0.01% |
140,088
-1,600
| -1% | -$77K |
|
1003
WD-40
WDFC
$3.12B
| $6.72M | 0.01% |
39,690
+1,141
| +3% | +$201K |
|
|
AAN.A
1004
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $6.68M | 0.01% |
126,915
-42,163
| -25% | -$2.22M |
|
1005
Deluxe
DLX
$1.12B
| $6.66M | 0.01% |
152,408
+30,588
| +25% | +$1.37M |
|
|
WCC
1006
WESCO International
WCC
$18.1B
| $6.61M | 0.01% |
124,650
-1,122
| -0.9% | -$59.3K |
|
|
SRCL
1007
DELISTED
Stericycle Inc
SRCL
| $6.59M | 0.01% |
121,130
-3,058
| -2% | -$138K |
|
1008
FS KKR Capital
FSK
$3.4B
| $6.57M | 0.01% |
271,555
+4,224
| +2% | +$105K |
|
1009
Brink's
BCO
$4.69B
| $6.57M | 0.01% |
87,069
-3,219
| -4% | -$239K |
|
|
APU
1010
DELISTED
AmeriGas Partners, L.P.
APU
| $6.56M | 0.01% |
212,632
-6,876
| -3% | -$201K |
|
1011
InterDigital
IDCC
$8.82B
| $6.56M | 0.01% |
99,449
-1,475
| -1% | -$103K |
|
|
LHCG
1012
DELISTED
LHC Group LLC
LHCG
| $6.56M | 0.01% |
59,183
-324
| -0.5% | -$34.6K |
|
1013
Cathay General Bancorp
CATY
$4.26B
| $6.54M | 0.01% |
192,970
-25,811
| -12% | -$949K |
|
|
CLGX
1014
DELISTED
Corelogic, Inc.
CLGX
| $6.52M | 0.01% |
175,065
-35,921
| -17% | -$1.32M |
|
|
MZTI
1015
The Marzetti Company
MZTI
$3.17B
| $6.51M | 0.01% |
41,533
-708
| -2% | -$114K |
|
1016
Strategic Education
STRA
$1.81B
| $6.5M | 0.01% |
49,535
-7,806
| -14% | -$951K |
|
1017
Mine Safety
MSA
$7.51B
| $6.5M | 0.01% |
62,879
+13,940
| +28% | +$1.4M |
|
1018
Bank OZK
OZK
$5.67B
| $6.48M | 0.01% |
223,453
-4,952
| -2% | -$150K |
|
1019
First Horizon
FHN
$12B
| $6.45M | 0.01% |
461,296
-32,484
| -7% | -$480K |
|
|
MGP
1020
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $6.44M | 0.01% |
199,776
+147,930
| +285% | +$4.47M |
|
|
WRI
1021
DELISTED
Weingarten Realty Investors
WRI
| $6.43M | 0.01% |
218,964
-2,228
| -1% | -$62.4K |
|
1022
KBR
KBR
$4.79B
| $6.42M | 0.01% |
336,141
-84,989
| -20% | -$1.53M |
|
1023
Astec Industries
ASTE
$989M
| $6.4M | 0.01% |
169,584
-9,359
| -5% | -$350K |
|
1024
Sanmina
SANM
$10.8B
| $6.39M | 0.01% |
221,611
-24,667
| -10% | -$727K |
|
1025
PagSeguro Digital
PAGS
$2.5B
| $6.37M | 0.01% |
213,400
-3,600
| -2% | -$89.8K |
|
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.