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
|
+$200M |
| 2 |
PepsiCo
PEP
|
+$180M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$157M |
| 4 |
Linde
LIN
|
+$156M |
| 5 |
Procter & Gamble
PG
|
+$152M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AET
Aetna Inc
AET
|
+$235M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$180M |
| 3 |
ESRX
Express Scripts Holding Company
ESRX
|
+$142M |
| 4 |
PX
Praxair Inc
PX
|
+$92.8M |
| 5 |
COL
Rockwell Collins
COL
|
+$81.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.4% |
| 2 | Technology | 16.18% |
| 3 | Healthcare | 14.24% |
| 4 | Consumer Discretionary | 9.85% |
| 5 | Industrials | 9.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1126
National Health Investors
NHI
$3.59B
| $4.94M | 0.01% |
65,371
-5,691
| -8% | -$429K |
|
1127
Kennametal
KMT
$2.41B
| $4.92M | 0.01% |
147,911
-10,483
| -7% | -$398K |
|
1128
Community Bank
CBU
$3.37B
| $4.92M | 0.01% |
84,360
-5,872
| -7% | -$355K |
|
|
KYNB
1129
Kyntra Bio
KYNB
$28.2M
| $4.92M | 0.01% |
4,248
+68
| +2% | +$76.4K |
|
1130
Middlesex Water
MSEX
$1.09B
| $4.91M | 0.01% |
91,931
-4,400
| -5% | -$217K |
|
1131
Sensient Technologies
SXT
$5.51B
| $4.9M | 0.01% |
87,725
-4,542
| -5% | -$297K |
|
|
BEAT
1132
DELISTED
BioTelemetry, Inc.
BEAT
| $4.89M | 0.01% |
81,952
-6,772
| -8% | -$407K |
|
1133
CNX Resources
CNX
$5.32B
| $4.89M | 0.01% |
428,325
-23,481
| -5% | -$324K |
|
1134
Under Armour
UAA
$2.52B
| $4.89M | 0.01% |
276,759
+33,696
| +14% | +$692K |
|
|
SKX
1135
DELISTED
Skechers
SKX
| $4.88M | 0.01% |
213,402
-664
| -0.3% | -$17.4K |
|
|
BPY
1136
DELISTED
Brookfield Property Partners L.P. Limited Partnership Units
BPY
| $4.88M | 0.01% |
302,905
| – | – |
|
1137
Wolverine World Wide
WWW
$1.55B
| $4.88M | 0.01% |
153,063
-10,559
| -6% | -$360K |
|
|
MDSO
1138
DELISTED
Medidata Solutions, Inc.
MDSO
| $4.87M | 0.01% |
72,231
-6,900
| -9% | -$487K |
|
|
XHR
1139
Xenia Hotels & Resorts
XHR
$1.74B
| $4.87M | 0.01% |
282,850
+27,500
| +11% | +$559K |
|
1140
Antero Resources
AR
$11.4B
| $4.86M | 0.01% |
517,725
-46,555
| -8% | -$688K |
|
|
TXNM
1141
TXNM Energy Inc
TXNM
$5.91B
| $4.86M | 0.01% |
118,266
-26,042
| -18% | -$1.07M |
|
1142
Cousins Properties
CUZ
$4.83B
| $4.83M | 0.01% |
152,924
-11,000
| -7% | -$367K |
|
1143
WIX.com
WIX
$2.61B
| $4.82M | 0.01% |
53,393
+394
| +0.7% | +$37.2K |
|
1144
Copa Holdings
CPA
$5.58B
| $4.82M | 0.01% |
61,273
+6,666
| +12% | +$522K |
|
1145
Trustmark
TRMK
$2.75B
| $4.81M | 0.01% |
169,049
-1,089
| -0.6% | -$33.7K |
|
|
SWN
1146
DELISTED
Southwestern Energy Company
SWN
| $4.8M | 0.01% |
1,408,157
-44,754
| -3% | -$220K |
|
1147
Myriad Genetics
MYGN
$311M
| $4.79M | 0.01% |
164,684
-16,074
| -9% | -$578K |
|
1148
The GEO Group
GEO
$4.04B
| $4.78M | 0.01% |
242,834
-11,411
| -4% | -$259K |
|
|
MOMO
1149
Hello Group
MOMO
$870M
| $4.78M | 0.01% |
201,153
-49,621
| -20% | -$1.56M |
|
1150
Werner Enterprises
WERN
$2.2B
| $4.78M | 0.01% |
161,663
+1,520
| +0.9% | +$49.5K |
|
Similar funds
California Public Employees Retirement System's Q4 2018 Portfolio in Review
As of Q4 2018, California Public Employees Retirement System held 3,341 positions worth $71.3B, down 8% from $77.6B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
California Public Employees Retirement System deployed $4.76B of net new capital in Q4 2018, opening 51 new positions and adding to 888 existing holdings. Its largest new stake was Linde: 990,142 shares worth $155M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, down from 17% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $180M trimmed.
- California Public Employees Retirement System's largest Q4 2018 buy was Linde: 990,142 shares worth $155M.
- California Public Employees Retirement System added most to Coca-Cola in Q4 2018, an estimated $200M increase.
- California Public Employees Retirement System's biggest Q4 2018 reduction was Alphabet (Google) Class A, cutting an estimated $180M.
- California Public Employees Retirement System fully exited Aetna Inc in Q4 2018, selling an estimated $235M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $71.3B portfolio in Q4 2018.
- California Public Employees Retirement System opened 51 new positions and closed 89 in Q4 2018.
- California Public Employees Retirement System's portfolio value fell 8% quarter-over-quarter to $71.3B.
Based on California Public Employees Retirement System's 13F filing for Q4 2018, filed 8 Feb 2019.