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 | |
|---|---|---|---|---|---|---|
|
XIFR
1026
XPLR Infrastructure LP
XIFR
$1.08B
| $7.93M | 0.01% |
198,379
-33,172
| -14% | -$1.34M |
|
1027
Murphy USA
MUSA
$10B
| $7.93M | 0.01% |
108,935
-13,444
| -11% | -$1.05M |
|
|
BIG
1028
DELISTED
Big Lots, Inc.
BIG
| $7.92M | 0.01% |
181,972
-27,478
| -13% | -$1.51M |
|
|
ESGR
1029
DELISTED
Enstar Group
ESGR
| $7.9M | 0.01% |
37,589
-3,887
| -9% | -$802K |
|
|
BUFF
1030
DELISTED
Blue Buffalo Pet Products, Inc
BUFF
| $7.9M | 0.01% |
198,463
+48,463
| +32% | +$1.75M |
|
|
EBIX
1031
DELISTED
Ebix Inc
EBIX
| $7.88M | 0.01% |
105,773
+128
| +0.1% | +$10.4K |
|
1032
Hope Bancorp
HOPE
$1.82B
| $7.88M | 0.01% |
432,995
+16,614
| +4% | +$308K |
|
1033
Evercore
EVR
$11.7B
| $7.86M | 0.01% |
90,166
+5,362
| +6% | +$505K |
|
|
AVP
1034
DELISTED
Avon Products, Inc.
AVP
| $7.86M | 0.01% |
2,768,484
-533,280
| -16% | -$1.35M |
|
1035
Haemonetics
HAE
$3.97B
| $7.84M | 0.01% |
107,214
+9,179
| +9% | +$630K |
|
|
DNR
1036
DELISTED
Denbury Resources, Inc.
DNR
| $7.84M | 0.01% |
2,862,084
-568,311
| -17% | -$1.34M |
|
1037
Dillards
DDS
$10.1B
| $7.84M | 0.01% |
97,558
-27,194
| -22% | -$1.96M |
|
|
BRSL
1038
Brightstar Lottery PLC
BRSL
$2.07B
| $7.82M | 0.01% |
292,598
-30,225
| -9% | -$840K |
|
|
BGC
1039
DELISTED
General Cable Corporation
BGC
| $7.82M | 0.01% |
264,231
-47,936
| -15% | -$1.42M |
|
|
JBTM
1040
JBT Marel
JBTM
$6.32B
| $7.8M | 0.01% |
68,821
-886
| -1% | -$101K |
|
1041
Avista
AVA
$3.22B
| $7.78M | 0.01% |
151,780
-8,561
| -5% | -$432K |
|
1042
Pitney Bowes
PBI
$2.27B
| $7.77M | 0.01% |
713,675
-159,044
| -18% | -$1.97M |
|
1043
Hyatt Hotels
H
$16.3B
| $7.77M | 0.01% |
101,899
-3,575
| -3% | -$281K |
|
1044
Moog Inc Class A
MOG.A
$13.2B
| $7.77M | 0.01% |
94,235
-2,548
| -3% | -$220K |
|
|
POLY
1045
DELISTED
Plantronics, Inc.
POLY
| $7.76M | 0.01% |
128,600
+1,743
| +1% | +$97.2K |
|
1046
Constellium
CSTM
$4.05B
| $7.76M | 0.01% |
715,181
-11,919
| -2% | -$145K |
|
1047
Federated Hermes
FHI
$4.7B
| $7.75M | 0.01% |
232,169
-8,016
| -3% | -$272K |
|
1048
Bruker
BRKR
$8.69B
| $7.75M | 0.01% |
258,971
-11,392
| -4% | -$370K |
|
|
ZEN
1049
DELISTED
ZENDESK INC
ZEN
| $7.74M | 0.01% |
161,757
+28,942
| +22% | +$1.2M |
|
1050
AMC Global Media
AMCX
$486M
| $7.74M | 0.01% |
149,751
-7,867
| -5% | -$408K |
|
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.