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 | |
|---|---|---|---|---|---|---|
1101
International Bancshares
IBOC
$4.53B
| $6.85M | 0.01% |
152,211
-6,553
| -4% | -$299K |
|
1102
Chord Energy
CHRD
$7.58B
| $6.85M | 0.01% |
482,776
-35,893
| -7% | -$455K |
|
1103
Apple Hospitality REIT
APLE
$3.71B
| $6.82M | 0.01% |
390,147
+27,481
| +8% | +$488K |
|
1104
Caesars Entertainment
CZR
$6.13B
| $6.82M | 0.01% |
140,302
+17,954
| +15% | +$815K |
|
1105
Insulet
PODD
$9.91B
| $6.8M | 0.01% |
64,165
-2,214
| -3% | -$207K |
|
1106
Yelp
YELP
$1.33B
| $6.79M | 0.01% |
137,961
-17,058
| -11% | -$745K |
|
|
QEP
1107
DELISTED
QEP RESOURCES, INC.
QEP
| $6.79M | 0.01% |
599,629
-65,100
| -10% | -$703K |
|
1108
Cheesecake Factory
CAKE
$5.53B
| $6.78M | 0.01% |
126,692
-7,832
| -6% | -$423K |
|
|
HI
1109
DELISTED
Hillenbrand
HI
| $6.78M | 0.01% |
129,635
-12,541
| -9% | -$637K |
|
1110
John Wiley & Sons Class A
WLY
$2.62B
| $6.78M | 0.01% |
111,872
+3,694
| +3% | +$230K |
|
1111
New York Times
NYT
$10.5B
| $6.77M | 0.01% |
292,583
-18,479
| -6% | -$442K |
|
1112
Bruker
BRKR
$8.58B
| $6.77M | 0.01% |
202,450
-16,024
| -7% | -$528K |
|
1113
Cracker Barrel
CBRL
$1.25B
| $6.76M | 0.01% |
45,969
-2,813
| -6% | -$421K |
|
1114
Essent Group
ESNT
$6.08B
| $6.75M | 0.01% |
152,502
-15,486
| -9% | -$635K |
|
1115
Adient
ADNT
$1.44B
| $6.72M | 0.01% |
170,895
-24,981
| -13% | -$1.13M |
|
1116
Minerals Technologies
MTX
$2.32B
| $6.7M | 0.01% |
99,032
-2,533
| -2% | -$179K |
|
1117
ICU Medical
ICUI
$4.56B
| $6.68M | 0.01% |
23,631
+643
| +3% | +$188K |
|
|
CXP
1118
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $6.66M | 0.01% |
281,853
-36,160
| -11% | -$841K |
|
|
HOUS
1119
DELISTED
Anywhere Real Estate
HOUS
| $6.64M | 0.01% |
321,971
-102,028
| -24% | -$2.22M |
|
1120
Penumbra
PEN
$12.8B
| $6.62M | 0.01% |
44,206
+706
| +2% | +$98.9K |
|
|
JBGS
1121
JBG SMITH
JBGS
$653M
| $6.55M | 0.01% |
177,933
+11,627
| +7% | +$428K |
|
|
B
1122
DELISTED
Barnes Group Inc.
B
| $6.54M | 0.01% |
92,125
-5,010
| -5% | -$332K |
|
1123
Designer Brands
DBI
$334M
| $6.54M | 0.01% |
193,108
-28,685
| -13% | -$838K |
|
1124
Glacier Bancorp
GBCI
$6.35B
| $6.53M | 0.01% |
151,493
-20,676
| -12% | -$900K |
|
1125
Photronics
PLAB
$1.89B
| $6.53M | 0.01% |
662,700
-37,528
| -5% | -$349K |
|
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.