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 | |
|---|---|---|---|---|---|---|
1051
Old National Bancorp
ONB
$10.1B
| $7.5M | 0.01% |
388,670
-31,058
| -7% | -$611K |
|
|
BCPC
1052
Balchem Corp
BCPC
$5.65B
| $7.5M | 0.01% |
66,907
-4,700
| -7% | -$494K |
|
1053
Pebblebrook Hotel Trust
PEB
$2B
| $7.48M | 0.01% |
205,678
-827
| -0.4% | -$31.6K |
|
1054
Healthcare Services Group
HCSG
$1.5B
| $7.47M | 0.01% |
183,971
-40,855
| -18% | -$1.7M |
|
|
ARGO
1055
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $7.45M | 0.01% |
118,082
-5,631
| -5% | -$347K |
|
1056
Brinker International
EAT
$9.76B
| $7.44M | 0.01% |
159,259
-25,286
| -14% | -$1.18M |
|
1057
Manhattan Associates
MANH
$11.4B
| $7.43M | 0.01% |
136,087
-14,129
| -9% | -$753K |
|
1058
Merit Medical Systems
MMSI
$5.36B
| $7.43M | 0.01% |
120,876
+4,989
| +4% | +$287K |
|
|
SWN
1059
DELISTED
Southwestern Energy Company
SWN
| $7.42M | 0.01% |
1,452,911
+174,477
| +14% | +$925K |
|
|
GPOR
1060
DELISTED
Gulfport Energy Corp.
GPOR
| $7.42M | 0.01% |
713,200
-26,822
| -4% | -$308K |
|
|
ENDP
1061
DELISTED
Endo International plc
ENDP
| $7.42M | 0.01% |
440,655
-11,484
| -3% | -$163K |
|
1062
ACI Worldwide
ACIW
$5.34B
| $7.41M | 0.01% |
263,365
-26,159
| -9% | -$714K |
|
1063
Ingevity
NGVT
$2.65B
| $7.4M | 0.01% |
72,604
-4,491
| -6% | -$434K |
|
|
EBIX
1064
DELISTED
Ebix Inc
EBIX
| $7.34M | 0.01% |
92,732
-1,681
| -2% | -$134K |
|
|
LOXO
1065
DELISTED
Loxo Oncology, Inc
LOXO
| $7.32M | 0.01% |
42,872
+1,010
| +2% | +$170K |
|
1066
O-I Glass
OI
$1.08B
| $7.32M | 0.01% |
389,456
-108,637
| -22% | -$1.95M |
|
|
PRSP
1067
DELISTED
Perspecta Inc. Common Stock
PRSP
| $7.31M | 0.01% |
284,159
+11,282
| +4% | +$263K |
|
1068
Telephone and Data Systems
TDS
$3.88B
| $7.3M | 0.01% |
239,983
-15,355
| -6% | -$438K |
|
1069
Hope Bancorp
HOPE
$1.79B
| $7.3M | 0.01% |
451,214
-16,800
| -4% | -$291K |
|
1070
Murphy USA
MUSA
$10.2B
| $7.29M | 0.01% |
85,258
-6,651
| -7% | -$549K |
|
|
AMED
1071
DELISTED
Amedisys
AMED
| $7.28M | 0.01% |
58,224
+1,688
| +3% | +$186K |
|
1072
Hyatt Hotels
H
$16B
| $7.27M | 0.01% |
91,315
-5,824
| -6% | -$458K |
|
|
AMRN
1073
Amarin Corp
AMRN
$298M
| $7.24M | 0.01% |
22,254
-1,438
| -6% | -$109K |
|
1074
Comtech Telecommunications
CMTL
$51.5M
| $7.23M | 0.01% |
199,427
-21,082
| -10% | -$723K |
|
|
COUP
1075
DELISTED
Coupa Software Incorporated
COUP
| $7.21M | 0.01% |
91,176
+77,079
| +547% | +$5.35M |
|
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.