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 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$296M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$240M |
| 3 |
JOBS
51job Inc
JOBS
|
+$22.5M |
| 4 |
Intel
INTC
|
+$22.1M |
| 5 |
WP
Worldpay, Inc.
WP
|
+$21.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$334M |
| 2 |
Amazon
AMZN
|
+$151M |
| 3 |
Johnson & Johnson
JNJ
|
+$80M |
| 4 |
Microsoft
MSFT
|
+$69.8M |
| 5 |
Meta Platforms (Facebook)
META
|
+$65.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.47% |
| 2 | Technology | 16.8% |
| 3 | Healthcare | 12.75% |
| 4 | Industrials | 10.63% |
| 5 | Consumer Discretionary | 10.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1151
Range Resources
RRC
$9.5B
| $6.52M | 0.01% |
448,271
+56,439
| +14% | +$843K |
|
1152
Fossil Group
FOSL
$310M
| $6.5M | 0.01% |
511,511
-89,722
| -15% | -$991K |
|
1153
H.B. Fuller
FUL
$3.34B
| $6.49M | 0.01% |
130,579
+2,887
| +2% | +$150K |
|
1154
Diamondrock Hospitality Co
DRH
$2.46B
| $6.49M | 0.01% |
621,616
-35,469
| -5% | -$392K |
|
|
GES
1155
DELISTED
Guess Inc
GES
| $6.49M | 0.01% |
312,779
-81,808
| -21% | -$1.37M |
|
|
WLL
1156
DELISTED
Whiting Petroleum Corporation
WLL
| $6.48M | 0.01% |
2,553
+276
| +12% | +$592K |
|
|
STL
1157
DELISTED
Sterling Bancorp
STL
| $6.48M | 0.01% |
287,282
-10,476
| -4% | -$257K |
|
1158
Photronics
PLAB
$1.95B
| $6.47M | 0.01% |
784,677
+12,001
| +2% | +$100K |
|
|
MDSO
1159
DELISTED
Medidata Solutions, Inc.
MDSO
| $6.46M | 0.01% |
102,913
-4,512
| -4% | -$300K |
|
1160
Merit Medical Systems
MMSI
$5.44B
| $6.45M | 0.01% |
142,238
-8,461
| -6% | -$383K |
|
1161
Clean Harbors
CLH
$16.4B
| $6.45M | 0.01% |
132,050
+1,223
| +0.9% | +$64.1K |
|
|
SPWR
1162
DELISTED
SunPower Corporation Common Stock
SPWR
| $6.44M | 0.01% |
1,232,358
-135,686
| -10% | -$691K |
|
|
MIC
1163
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $6.43M | 0.01% |
174,127
+40,419
| +30% | +$2.18M |
|
1164
Choice Hotels
CHH
$4.62B
| $6.43M | 0.01% |
80,198
-14,849
| -16% | -$1.2M |
|
|
REGI
1165
DELISTED
Renewable Energy Group, Inc.
REGI
| $6.42M | 0.01% |
501,793
-26,500
| -5% | -$297K |
|
|
SUM
1166
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $6.4M | 0.01% |
215,096
-10,436
| -5% | -$322K |
|
1167
GameStop
GME
$8.44B
| $6.4M | 0.01% |
2,029,176
-346,432
| -15% | -$1.41M |
|
|
GWB
1168
DELISTED
Great Western Bancorp, Inc.
GWB
| $6.39M | 0.01% |
158,751
+4,880
| +3% | +$206K |
|
1169
Exponent
EXPO
$3.25B
| $6.38M | 0.01% |
162,328
-7,000
| -4% | -$265K |
|
1170
Agios Pharmaceuticals
AGIO
$1.95B
| $6.38M | 0.01% |
78,000
-3,800
| -5% | -$294K |
|
1171
Cracker Barrel
CBRL
$1.25B
| $6.37M | 0.01% |
39,991
+6,357
| +19% | +$1.05M |
|
|
B
1172
DELISTED
Barnes Group Inc.
B
| $6.34M | 0.01% |
105,932
+1,492
| +1% | +$94.2K |
|
1173
Penumbra
PEN
$12.9B
| $6.31M | 0.01% |
54,534
+48,922
| +872% | +$5.05M |
|
1174
MBIA
MBI
$253M
| $6.28M | 0.01% |
678,000
-132,440
| -16% | -$1.06M |
|
|
SAVE
1175
DELISTED
Spirit Airlines, Inc.
SAVE
| $6.28M | 0.01% |
166,087
+14,680
| +10% | +$616K |
|
Similar funds
California Public Employees Retirement System's Q1 2018 Portfolio in Review
As of Q1 2018, California Public Employees Retirement System held 3,399 positions worth $70.2B, down 5.1% from $74B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
California Public Employees Retirement System withdrew a net $2.88B in Q1 2018, closing 114 positions and reducing 1,632 holdings. Its most notable exit was Scripps Networks Interactive, Inc Common Class A, an estimated $21M position sold in full.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
Against the trend, California Public Employees Retirement System opened a new position in GCI Liberty, Inc. Class A Common Stock (DE) worth $15.4M.
- California Public Employees Retirement System's largest Q1 2018 buy was GCI Liberty, Inc. Class A Common Stock (DE): 291,278 shares worth $15.4M.
- California Public Employees Retirement System added most to Athene Holding Ltd. Class A Common Shares in Q1 2018, an estimated $296M increase.
- California Public Employees Retirement System's biggest Q1 2018 reduction was Alphabet (Google) Class C, cutting an estimated $334M.
- California Public Employees Retirement System fully exited Scripps Networks Interactive, Inc Common Class A in Q1 2018, selling an estimated $21M.
- California Public Employees Retirement System's ten largest holdings make up 16% of its $70.2B portfolio in Q1 2018.
- California Public Employees Retirement System opened 83 new positions and closed 114 in Q1 2018.
- California Public Employees Retirement System's portfolio value fell 5.1% quarter-over-quarter to $70.2B.
Based on California Public Employees Retirement System's 13F filing for Q1 2018, filed 11 May 2018.