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 | |
|---|---|---|---|---|---|---|
1076
First Financial Bankshares
FFIN
$4.93B
| $7.2M | 0.01% |
243,700
-35,586
| -13% | -$1.03M |
|
|
GWB
1077
DELISTED
Great Western Bancorp, Inc.
GWB
| $7.2M | 0.01% |
170,626
+20,122
| +13% | +$858K |
|
1078
AutoNation
AN
$6.88B
| $7.2M | 0.01% |
173,185
-12,531
| -7% | -$580K |
|
1079
Ubiquiti
UI
$34.5B
| $7.18M | 0.01% |
72,592
+17,148
| +31% | +$1.51M |
|
1080
iShares MBS ETF
MBB
$38.9B
| $7.16M | 0.01% |
+69,281
| New | +$7.19M |
|
1081
UMB Financial
UMBF
$11.1B
| $7.11M | 0.01% |
100,345
-5,425
| -5% | -$407K |
|
1082
H.B. Fuller
FUL
$3.29B
| $7.11M | 0.01% |
137,660
-10,596
| -7% | -$599K |
|
1083
WD-40
WDFC
$3.15B
| $7.11M | 0.01% |
41,282
-593
| -1% | -$99.2K |
|
1084
Viasat
VSAT
$11.7B
| $7.09M | 0.01% |
110,855
-22,394
| -17% | -$1.47M |
|
1085
Sensient Technologies
SXT
$5.51B
| $7.06M | 0.01% |
92,267
-10,440
| -10% | -$745K |
|
1086
Insight Enterprises
NSIT
$4.54B
| $7.04M | 0.01% |
130,128
-3,761
| -3% | -$198K |
|
1087
Carpenter Technology
CRS
$27.8B
| $7.03M | 0.01% |
119,216
+5,054
| +4% | +$290K |
|
1088
RBC Bearings
RBC
$17.6B
| $7.02M | 0.01% |
46,708
-4,036
| -8% | -$581K |
|
1089
Portland General Electric
POR
$5.66B
| $7M | 0.01% |
153,509
-58,980
| -28% | -$2.68M |
|
1090
Brady Corp
BRC
$4.54B
| $6.98M | 0.01% |
159,587
-5,062
| -3% | -$201K |
|
|
WRI
1091
DELISTED
Weingarten Realty Investors
WRI
| $6.96M | 0.01% |
233,887
-49,433
| -17% | -$1.5M |
|
|
JBTM
1092
JBT Marel
JBTM
$6.35B
| $6.95M | 0.01% |
58,256
-3,970
| -6% | -$432K |
|
1093
Helen of Troy
HELE
$680M
| $6.93M | 0.01% |
52,966
-9,662
| -15% | -$1.14M |
|
|
TGE
1094
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $6.93M | 0.01% |
293,964
+172,204
| +141% | +$4.08M |
|
1095
Universal Display
OLED
$4.16B
| $6.93M | 0.01% |
58,758
-7,139
| -11% | -$785K |
|
1096
Kennametal
KMT
$2.41B
| $6.9M | 0.01% |
158,394
-10,024
| -6% | -$398K |
|
1097
Constellium
CSTM
$3.98B
| $6.86M | 0.01% |
555,222
-49,219
| -8% | -$576K |
|
1098
TD Synnex
SNX
$20.3B
| $6.86M | 0.01% |
161,890
-8,362
| -5% | -$403K |
|
1099
Unifirst Corp
UNF
$5.24B
| $6.86M | 0.01% |
39,479
-2,197
| -5% | -$404K |
|
1100
Cabot Corp
CBT
$4.46B
| $6.85M | 0.01% |
109,227
-9,291
| -8% | -$598K |
|
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.