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 | |
|---|---|---|---|---|---|---|
1126
Sabra Healthcare REIT
SBRA
$5.28B
| $6.63M | 0.01% |
304,905
-31,962
| -9% | -$624K |
|
|
AEL
1127
DELISTED
American Equity Investment Life Holding Company
AEL
| $6.58M | 0.01% |
182,834
-43,302
| -19% | -$1.4M |
|
|
WFT
1128
DELISTED
Weatherford International plc
WFT
| $6.57M | 0.01% |
1,997,554
-533,295
| -21% | -$1.66M |
|
|
ESGR
1129
DELISTED
Enstar Group
ESGR
| $6.57M | 0.01% |
31,667
-5,922
| -16% | -$1.25M |
|
1130
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
| $6.56M | 0.01% |
77,103
+8,584
| +13% | +$735K |
|
1131
Brighthouse Financial
BHF
$3.46B
| $6.56M | 0.01% |
163,642
-14,713
| -8% | -$708K |
|
|
INVX
1132
Innovex International
INVX
$2.04B
| $6.56M | 0.01% |
127,545
+6,198
| +5% | +$289K |
|
|
TWOU
1133
DELISTED
2U Inc
TWOU
| $6.55M | 0.01% |
2,614
-414
| -14% | -$1.1M |
|
1134
Insight Enterprises
NSIT
$4.54B
| $6.55M | 0.01% |
133,889
-12,364
| -8% | -$532K |
|
1135
RBC Bearings
RBC
$17.6B
| $6.54M | 0.01% |
50,744
-4,291
| -8% | -$533K |
|
|
BID
1136
DELISTED
Sotheby's
BID
| $6.53M | 0.01% |
120,070
-26,967
| -18% | -$1.49M |
|
|
MFA
1137
MFA Financial
MFA
$919M
| $6.52M | 0.01% |
215,151
-13,270
| -6% | -$406K |
|
|
LHCG
1138
DELISTED
LHC Group LLC
LHCG
| $6.5M | 0.01% |
76,006
+26,920
| +55% | +$2.05M |
|
1139
Huazhu Hotels Group
HTHT
$13.2B
| $6.49M | 0.01% |
154,624
-7,020
| -4% | -$280K |
|
|
FMBI
1140
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $6.49M | 0.01% |
254,670
+23,341
| +10% | +$597K |
|
1141
Apple Hospitality REIT
APLE
$3.71B
| $6.48M | 0.01% |
362,666
-60,685
| -14% | -$1.11M |
|
1142
Conduent
CNDT
$242M
| $6.48M | 0.01% |
356,477
-31,235
| -8% | -$603K |
|
1143
Sanmina
SANM
$10.7B
| $6.47M | 0.01% |
220,728
-51,447
| -19% | -$1.51M |
|
|
BRSL
1144
Brightstar Lottery PLC
BRSL
$2.02B
| $6.46M | 0.01% |
277,984
-14,614
| -5% | -$389K |
|
1145
Axos Financial
AX
$5.63B
| $6.46M | 0.01% |
157,791
-10,653
| -6% | -$443K |
|
1146
Patterson-UTI
PTEN
$4.19B
| $6.45M | 0.01% |
358,475
-106,288
| -23% | -$2.13M |
|
1147
Benchmark Electronics
BHE
$2.92B
| $6.43M | 0.01% |
220,437
+939
| +0.4% | +$27K |
|
1148
Armstrong World Industries
AWI
$7.75B
| $6.42M | 0.01% |
101,627
-19,517
| -16% | -$1.16M |
|
1149
Avista
AVA
$3.2B
| $6.39M | 0.01% |
121,336
-30,444
| -20% | -$1.59M |
|
1150
Abercrombie & Fitch
ANF
$5.27B
| $6.38M | 0.01% |
260,617
-196,636
| -43% | -$5.14M |
|
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.