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 |
AT&T
T
|
+$186M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$142M |
| 3 |
PepsiCo
PEP
|
+$61.8M |
| 4 |
Coca-Cola
KO
|
+$61.8M |
| 5 |
Pfizer
PFE
|
+$54.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$269M |
| 2 |
TWX
Time Warner Inc
TWX
|
+$178M |
| 3 |
Apple
AAPL
|
+$161M |
| 4 |
Microsoft
MSFT
|
+$132M |
| 5 |
Amazon
AMZN
|
+$125M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.84% |
| 2 | Technology | 16.75% |
| 3 | Healthcare | 13.11% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Industrials | 10.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MLNX
1026
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $7.82M | 0.01% |
92,787
-6,066
| -6% | -$497K |
|
|
TCF
1027
DELISTED
TCF Financial Corporation Common Stock
TCF
| $7.82M | 0.01% |
140,459
-10,798
| -7% | -$610K |
|
|
KYNB
1028
Kyntra Bio
KYNB
$28.2M
| $7.82M | 0.01% |
4,994
-394
| -7% | -$514K |
|
1029
Old National Bancorp
ONB
$10.1B
| $7.81M | 0.01% |
419,728
+57,704
| +16% | +$1.03M |
|
1030
Fossil Group
FOSL
$317M
| $7.8M | 0.01% |
290,232
-221,279
| -43% | -$4.53M |
|
1031
Paycom
PAYC
$9.62B
| $7.77M | 0.01% |
78,581
-15,637
| -17% | -$1.69M |
|
|
ALE
1032
DELISTED
Allete
ALE
| $7.73M | 0.01% |
99,831
+19,921
| +25% | +$1.49M |
|
|
MASI
1033
DELISTED
Masimo
MASI
| $7.72M | 0.01% |
79,037
-4,812
| -6% | -$458K |
|
|
BIG
1034
DELISTED
Big Lots, Inc.
BIG
| $7.71M | 0.01% |
184,482
+2,510
| +1% | +$105K |
|
|
AAN.A
1035
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $7.71M | 0.01% |
177,397
+22,371
| +14% | +$972K |
|
1036
Zurn Elkay Water Solutions
ZWS
$8.47B
| $7.7M | 0.01% |
549,876
+80,943
| +17% | +$1.14M |
|
1037
Minerals Technologies
MTX
$2.32B
| $7.65M | 0.01% |
101,565
+19,176
| +23% | +$1.38M |
|
1038
Enovis
ENOV
$1.4B
| $7.64M | 0.01% |
144,815
+10,356
| +8% | +$560K |
|
|
NGHC
1039
DELISTED
National General Holdings Corp
NGHC
| $7.63M | 0.01% |
289,671
-2,684
| -0.9% | -$70.2K |
|
|
MIC
1040
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $7.63M | 0.01% |
180,697
+6,570
| +4% | +$258K |
|
1041
Cracker Barrel
CBRL
$1.25B
| $7.62M | 0.01% |
48,782
+8,791
| +22% | +$1.42M |
|
1042
Haemonetics
HAE
$3.94B
| $7.58M | 0.01% |
84,492
-22,722
| -21% | -$1.92M |
|
|
PDCE
1043
DELISTED
PDC Energy, Inc.
PDCE
| $7.57M | 0.01% |
125,152
-18,254
| -13% | -$1.05M |
|
1044
Diamondrock Hospitality Co
DRH
$2.48B
| $7.55M | 0.01% |
614,835
-6,781
| -1% | -$79.4K |
|
|
TCO
1045
DELISTED
Taubman Centers Inc.
TCO
| $7.54M | 0.01% |
128,326
-26,075
| -17% | -$1.46M |
|
|
XIFR
1046
XPLR Infrastructure LP
XIFR
$1.07B
| $7.5M | 0.01% |
160,791
-37,588
| -19% | -$1.61M |
|
1047
Hyatt Hotels
H
$16B
| $7.49M | 0.01% |
97,139
-4,760
| -5% | -$379K |
|
|
PDM
1048
Piedmont Realty Trust
PDM
$1.16B
| $7.49M | 0.01% |
375,917
-118,942
| -24% | -$2.21M |
|
|
NE
1049
DELISTED
Noble Corporation
NE
| $7.49M | 0.01% |
1,183,312
-884,824
| -43% | -$4.53M |
|
|
TSE
1050
DELISTED
Trinseo
TSE
| $7.44M | 0.01% |
104,845
-10,189
| -9% | -$758K |
|
Similar funds
California Public Employees Retirement System's Q2 2018 Portfolio in Review
As of Q2 2018, California Public Employees Retirement System held 3,424 positions worth $72.3B, up 3% from $70.2B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System's Q2 2018 filing shows 139 new, 1,115 increased, 1,545 reduced and 134 closed positions. Its largest new stake was Evergy: 605,075 shares worth $34M. The largest sale was Alphabet (Google) Class A, an estimated $269M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System's largest Q2 2018 buy was Evergy: 605,075 shares worth $34M.
- California Public Employees Retirement System added most to AT&T in Q2 2018, an estimated $186M increase.
- California Public Employees Retirement System's biggest Q2 2018 reduction was Alphabet (Google) Class A, cutting an estimated $269M.
- California Public Employees Retirement System fully exited Time Warner Inc in Q2 2018, selling an estimated $178M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $72.3B portfolio in Q2 2018.
- California Public Employees Retirement System opened 139 new positions and closed 134 in Q2 2018.
- California Public Employees Retirement System's portfolio value rose 3% quarter-over-quarter to $72.3B.
Based on California Public Employees Retirement System's 13F filing for Q2 2018, filed 15 Aug 2018.