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 |
PepsiCo
PEP
|
+$196M |
| 2 |
Coca-Cola
KO
|
+$195M |
| 3 |
NextEra Energy
NEE
|
+$108M |
| 4 |
McDonald's
MCD
|
+$99.5M |
| 5 |
Newmont
NEM
|
+$97.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apollo Global Management
APO
|
+$475M |
| 2 |
Apple
AAPL
|
+$244M |
| 3 |
Microsoft
MSFT
|
+$198M |
| 4 |
JPMorgan Chase
JPM
|
+$132M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$99.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.05% |
| 2 | Financials | 14.87% |
| 3 | Healthcare | 13.45% |
| 4 | Consumer Discretionary | 9.92% |
| 5 | Consumer Staples | 9.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1126
Old National Bancorp
ONB
$10.2B
| $4.93M | 0.01% |
297,191
+17,908
| +6% | +$299K |
|
1127
Healthcare Services Group
HCSG
$1.48B
| $4.93M | 0.01% |
162,554
-18,895
| -10% | -$624K |
|
1128
CoreCivic
CXW
$3.27B
| $4.92M | 0.01% |
236,754
+8,657
| +4% | +$186K |
|
1129
Semtech
SMTC
$12.3B
| $4.91M | 0.01% |
102,242
-3,805
| -4% | -$185K |
|
|
SAFM
1130
DELISTED
Sanderson Farms Inc
SAFM
| $4.91M | 0.01% |
35,957
-801
| -2% | -$114K |
|
1131
Funko
FNKO
$351M
| $4.91M | 0.01% |
202,545
-138,655
| -41% | -$2.95M |
|
1132
Brinker International
EAT
$9.86B
| $4.9M | 0.01% |
124,637
-34,019
| -21% | -$1.4M |
|
1133
Pegasystems
PEGA
$5.44B
| $4.9M | 0.01% |
137,648
-5,916
| -4% | -$211K |
|
1134
AutoNation
AN
$6.91B
| $4.89M | 0.01% |
116,622
-28,863
| -20% | -$1.15M |
|
1135
Diamondrock Hospitality Co
DRH
$2.48B
| $4.89M | 0.01% |
472,896
-86,228
| -15% | -$909K |
|
|
CVSA
1136
Covista Inc
CVSA
$4.47B
| $4.89M | 0.01% |
108,525
-17,361
| -14% | -$797K |
|
1137
STAG Industrial
STAG
$7.1B
| $4.88M | 0.01% |
161,246
+26,756
| +20% | +$795K |
|
1138
Cannae Holdings
CNNE
$655M
| $4.87M | 0.01% |
167,930
-24,237
| -13% | -$639K |
|
1139
Stride
LRN
$3.35B
| $4.86M | 0.01% |
159,947
-14,364
| -8% | -$462K |
|
1140
Mattel
MAT
$4.27B
| $4.86M | 0.01% |
433,600
-348,798
| -45% | -$4.1M |
|
1141
FS KKR Capital
FSK
$3.35B
| $4.85M | 0.01% |
203,555
-68,000
| -25% | -$1.67M |
|
1142
TriMas Corp
TRS
$1.45B
| $4.83M | 0.01% |
156,100
-31,643
| -17% | -$970K |
|
1143
Astec Industries
ASTE
$1.02B
| $4.83M | 0.01% |
148,231
-21,353
| -13% | -$717K |
|
1144
Simpson Manufacturing
SSD
$8.13B
| $4.83M | 0.01% |
72,605
+792
| +1% | +$50.6K |
|
1145
Aaon
AAON
$7.14B
| $4.82M | 0.01% |
144,207
+5,862
| +4% | +$186K |
|
|
CADE
1146
DELISTED
Cadence Bank
CADE
| $4.82M | 0.01% |
165,907
-20,249
| -11% | -$587K |
|
1147
CareDx
CDNA
$2.44B
| $4.82M | 0.01% |
133,778
-9,688
| -7% | -$310K |
|
1148
PBF Energy
PBF
$7.92B
| $4.82M | 0.01% |
153,834
-20,398
| -12% | -$609K |
|
1149
H.B. Fuller
FUL
$3.36B
| $4.8M | 0.01% |
103,410
-10,289
| -9% | -$474K |
|
|
PDM
1150
Piedmont Realty Trust
PDM
$1.17B
| $4.8M | 0.01% |
240,623
-15,016
| -6% | -$310K |
|
Similar funds
California Public Employees Retirement System's Q2 2019 Portfolio in Review
As of Q2 2019, California Public Employees Retirement System held 3,341 positions worth $84.7B, up 4.4% from $81.2B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System's Q2 2019 filing shows 131 new, 874 increased, 1,775 reduced and 77 closed positions. Its largest new stake was Dow Inc: 1,160,686 shares worth $57.2M. The largest sale was Apollo Global Management, an estimated $475M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 17% a quarter earlier, followed by Financials and Healthcare.
- California Public Employees Retirement System's largest Q2 2019 buy was Dow Inc: 1,160,686 shares worth $57.2M.
- California Public Employees Retirement System added most to PepsiCo in Q2 2019, an estimated $196M increase.
- California Public Employees Retirement System's biggest Q2 2019 reduction was Apollo Global Management, cutting an estimated $475M.
- California Public Employees Retirement System fully exited Ultimate Software Group Inc in Q2 2019, selling an estimated $21.4M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $84.7B portfolio in Q2 2019.
- California Public Employees Retirement System opened 131 new positions and closed 77 in Q2 2019.
- California Public Employees Retirement System's portfolio value rose 4.4% quarter-over-quarter to $84.7B.
Based on California Public Employees Retirement System's 13F filing for Q2 2019, filed 15 Aug 2019.