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 | |
|---|---|---|---|---|---|---|
|
LHCG
1151
DELISTED
LHC Group LLC
LHCG
| $6.34M | 0.01% |
61,597
-14,409
| -19% | -$1.35M |
|
1152
Integer Holdings
ITGR
$4.25B
| $6.33M | 0.01% |
76,333
-6,518
| -8% | -$489K |
|
|
BPY
1153
DELISTED
Brookfield Property Partners L.P. Limited Partnership Units
BPY
| $6.33M | 0.01% |
+302,905
| New | +$6.05M |
|
|
PSB
1154
DELISTED
PS Business Parks, Inc.
PSB
| $6.3M | 0.01% |
49,588
-2,990
| -6% | -$386K |
|
1155
Sally Beauty Holdings
SBH
$1.57B
| $6.29M | 0.01% |
341,929
-30,785
| -8% | -$492K |
|
1156
Jack in the Box
JACK
$340M
| $6.28M | 0.01% |
74,905
-7,815
| -9% | -$676K |
|
|
MFA
1157
MFA Financial
MFA
$919M
| $6.26M | 0.01% |
213,049
-2,102
| -1% | -$64.8K |
|
1158
Teladoc Health
TDOC
$1.29B
| $6.26M | 0.01% |
72,524
+69,024
| +1,972% | +$4.92M |
|
|
POLY
1159
DELISTED
Plantronics, Inc.
POLY
| $6.25M | 0.01% |
103,650
-13,615
| -12% | -$931K |
|
1160
Sabra Healthcare REIT
SBRA
$5.28B
| $6.24M | 0.01% |
269,779
-35,126
| -12% | -$796K |
|
|
CPE
1161
DELISTED
Callon Petroleum Company
CPE
| $6.23M | 0.01% |
51,955
+375
| +0.7% | +$41.9K |
|
|
PDCO
1162
DELISTED
Patterson Companies, Inc.
PDCO
| $6.23M | 0.01% |
254,661
+38,656
| +18% | +$916K |
|
1163
SM Energy
SM
$7.55B
| $6.2M | 0.01% |
196,736
-10,784
| -5% | -$310K |
|
1164
Sanmina
SANM
$10.7B
| $6.19M | 0.01% |
224,206
+3,478
| +2% | +$104K |
|
1165
Steven Madden
SHOO
$3.58B
| $6.18M | 0.01% |
175,334
-16,804
| -9% | -$624K |
|
|
BRSL
1166
Brightstar Lottery PLC
BRSL
$2.02B
| $6.18M | 0.01% |
312,919
+34,935
| +13% | +$761K |
|
|
AVNS
1167
DELISTED
Avanos Medical
AVNS
| $6.17M | 0.01% |
90,019
-11,994
| -12% | -$772K |
|
1168
Valvoline
VVV
$4.3B
| $6.16M | 0.01% |
286,500
-21,400
| -7% | -$465K |
|
1169
Morningstar
MORN
$7.54B
| $6.15M | 0.01% |
48,869
+4,099
| +9% | +$552K |
|
1170
GameStop
GME
$8.43B
| $6.14M | 0.01% |
1,609,636
-128,544
| -7% | -$493K |
|
1171
Energizer
ENR
$1.5B
| $6.14M | 0.01% |
104,744
-6,183
| -6% | -$389K |
|
|
ESGR
1172
DELISTED
Enstar Group
ESGR
| $6.14M | 0.01% |
29,442
-2,225
| -7% | -$472K |
|
|
VSM
1173
DELISTED
Versum Materials, Inc.
VSM
| $6.13M | 0.01% |
170,292
-14,123
| -8% | -$532K |
|
1174
TriMas Corp
TRS
$1.43B
| $6.13M | 0.01% |
201,680
-14,977
| -7% | -$454K |
|
1175
Healthcare Realty
HR
$6.73B
| $6.11M | 0.01% |
229,115
-39,968
| -15% | -$1.1M |
|
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.