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 |
PepsiCo
PEP
|
+$196M |
| 2 |
Coca-Cola
KO
|
+$195M |
| 3 |
NextEra Energy
NEE
|
+$108M |
| 4 |
McDonald's
MCD
|
+$99.5M |
| 5 |
Newmont
NEM
|
+$97.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apollo Global Management
APO
|
+$475M |
| 2 |
Apple
AAPL
|
+$244M |
| 3 |
Microsoft
MSFT
|
+$198M |
| 4 |
JPMorgan Chase
JPM
|
+$132M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$99.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.05% |
| 2 | Financials | 14.87% |
| 3 | Healthcare | 13.45% |
| 4 | Consumer Discretionary | 9.92% |
| 5 | Consumer Staples | 9.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TECD
1026
DELISTED
Tech Data Corp
TECD
| $5.85M | 0.01% |
55,909
-13,706
| -20% | -$1.39M |
|
1027
Valmont Industries
VMI
$9.5B
| $5.84M | 0.01% |
46,026
-9,749
| -17% | -$1.22M |
|
|
SKX
1028
DELISTED
Skechers
SKX
| $5.82M | 0.01% |
184,916
-75,456
| -29% | -$2.33M |
|
1029
Highwoods Properties
HIW
$3.41B
| $5.81M | 0.01% |
140,703
-11,265
| -7% | -$500K |
|
1030
Novanta
NOVT
$6.2B
| $5.81M | 0.01% |
61,604
+897
| +1% | +$76.6K |
|
1031
MongoDB
MDB
$33.5B
| $5.81M | 0.01% |
38,177
+15,643
| +69% | +$2.27M |
|
1032
Helen of Troy
HELE
$680M
| $5.8M | 0.01% |
44,383
-2,529
| -5% | -$331K |
|
|
EFOR
1033
Everforth Inc
EFOR
$1.33B
| $5.79M | 0.01% |
95,589
-21,354
| -18% | -$1.28M |
|
1034
Bank OZK
OZK
$5.63B
| $5.78M | 0.01% |
192,173
-31,280
| -14% | -$969K |
|
1035
WD-40
WDFC
$3.15B
| $5.76M | 0.01% |
36,202
-3,488
| -9% | -$572K |
|
1036
LendingTree
TREE
$453M
| $5.75M | 0.01% |
13,700
-326
| -2% | -$125K |
|
|
TGE
1037
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $5.75M | 0.01% |
272,391
-13,902
| -5% | -$329K |
|
1038
Snap
SNAP
$9.05B
| $5.75M | 0.01% |
401,800
+24,900
| +7% | +$305K |
|
1039
Iovance Biotherapeutics
IOVA
$2.9B
| $5.74M | 0.01% |
234,100
-31,500
| -12% | -$474K |
|
1040
NorthWestern Energy
NWE
$4.38B
| $5.74M | 0.01% |
79,544
-1,561
| -2% | -$111K |
|
1041
National Health Investors
NHI
$3.59B
| $5.73M | 0.01% |
73,388
+666
| +0.9% | +$51.8K |
|
1042
Monro
MNRO
$368M
| $5.71M | 0.01% |
67,004
-2,952
| -4% | -$246K |
|
|
TXNM
1043
TXNM Energy Inc
TXNM
$5.91B
| $5.7M | 0.01% |
111,984
+5,915
| +6% | +$282K |
|
|
HI
1044
DELISTED
Hillenbrand
HI
| $5.7M | 0.01% |
143,992
-23,311
| -14% | -$936K |
|
|
NEWR
1045
DELISTED
New Relic, Inc.
NEWR
| $5.7M | 0.01% |
65,825
-11,449
| -15% | -$1.13M |
|
1046
Nomad Foods
NOMD
$1.63B
| $5.68M | 0.01% |
265,796
+81,211
| +44% | +$1.7M |
|
|
VISN
1047
Vistance Networks Inc
VISN
$2.63B
| $5.67M | 0.01% |
360,804
-215,267
| -37% | -$4.37M |
|
|
GWPH
1048
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $5.67M | 0.01% |
32,900
-400
| -1% | -$69.2K |
|
1049
Morningstar
MORN
$7.54B
| $5.66M | 0.01% |
39,106
-6,359
| -14% | -$878K |
|
|
WWE
1050
DELISTED
World Wrestling Entertainment
WWE
| $5.64M | 0.01% |
78,163
-2,226
| -3% | -$182K |
|
Similar funds
California Public Employees Retirement System's Q2 2019 Portfolio in Review
As of Q2 2019, California Public Employees Retirement System held 3,341 positions worth $84.7B, up 4.4% from $81.2B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System's Q2 2019 filing shows 131 new, 874 increased, 1,775 reduced and 77 closed positions. Its largest new stake was Dow Inc: 1,160,686 shares worth $57.2M. The largest sale was Apollo Global Management, an estimated $475M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 17% a quarter earlier, followed by Financials and Healthcare.
- California Public Employees Retirement System's largest Q2 2019 buy was Dow Inc: 1,160,686 shares worth $57.2M.
- California Public Employees Retirement System added most to PepsiCo in Q2 2019, an estimated $196M increase.
- California Public Employees Retirement System's biggest Q2 2019 reduction was Apollo Global Management, cutting an estimated $475M.
- California Public Employees Retirement System fully exited Ultimate Software Group Inc in Q2 2019, selling an estimated $21.4M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $84.7B portfolio in Q2 2019.
- California Public Employees Retirement System opened 131 new positions and closed 77 in Q2 2019.
- California Public Employees Retirement System's portfolio value rose 4.4% quarter-over-quarter to $84.7B.
Based on California Public Employees Retirement System's 13F filing for Q2 2019, filed 15 Aug 2019.