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 | |
|---|---|---|---|---|---|---|
|
WDR
1176
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $6.1M | 0.01% |
287,820
-15,122
| -5% | -$304K |
|
1177
MillerKnoll
MLKN
$1.63B
| $6.08M | 0.01% |
158,403
-12,423
| -7% | -$471K |
|
|
INVX
1178
Innovex International
INVX
$2.08B
| $6.07M | 0.01% |
116,193
-11,352
| -9% | -$592K |
|
|
COR
1179
DELISTED
Coresite Realty Corporation
COR
| $6.07M | 0.01% |
54,620
-5,416
| -9% | -$617K |
|
|
XHR
1180
Xenia Hotels & Resorts
XHR
$1.73B
| $6.05M | 0.01% |
255,350
+56,411
| +28% | +$1.36M |
|
1181
Agios Pharmaceuticals
AGIO
$2B
| $6.05M | 0.01% |
78,417
-4,442
| -5% | -$357K |
|
1182
Unisys
UIS
$208M
| $6.04M | 0.01% |
295,817
-24,110
| -8% | -$397K |
|
1183
Home BancShares
HOMB
$6.23B
| $6.03M | 0.01% |
275,422
-27,384
| -9% | -$636K |
|
|
RPAI
1184
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $6.02M | 0.01% |
494,156
-42,763
| -8% | -$538K |
|
1185
CONMED
CNMD
$1.5B
| $6.01M | 0.01% |
75,916
+5,151
| +7% | +$398K |
|
1186
Nexstar Media Group
NXST
$5.56B
| $6.01M | 0.01% |
73,856
+3,359
| +5% | +$264K |
|
1187
Spire
SR
$4.84B
| $6.01M | 0.01% |
81,724
-8,473
| -9% | -$627K |
|
|
AHL
1188
DELISTED
ASPEN Insurance Holding Limited
AHL
| $6.01M | 0.01% |
143,805
-24,449
| -15% | -$976K |
|
1189
DNOW Inc
DNOW
$3.03B
| $6M | 0.01% |
362,809
-24,266
| -6% | -$385K |
|
1190
Fossil Group
FOSL
$310M
| $6M | 0.01% |
257,890
-32,342
| -11% | -$814K |
|
|
CCMP
1191
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $6M | 0.01% |
58,116
+2,637
| +5% | +$298K |
|
1192
First Bancorp
FBP
$4.44B
| $6M | 0.01% |
658,832
+100,940
| +18% | +$855K |
|
1193
Blackbaud
BLKB
$2.08B
| $5.98M | 0.01% |
58,942
-12,177
| -17% | -$1.27M |
|
|
SKX
1194
DELISTED
Skechers
SKX
| $5.98M | 0.01% |
214,066
-8,150
| -4% | -$236K |
|
|
AEL
1195
DELISTED
American Equity Investment Life Holding Company
AEL
| $5.97M | 0.01% |
168,969
-13,865
| -8% | -$501K |
|
1196
Watts Water Technologies
WTS
$12.9B
| $5.97M | 0.01% |
71,942
-6,272
| -8% | -$519K |
|
1197
Federated Hermes
FHI
$4.73B
| $5.96M | 0.01% |
247,129
+10,531
| +4% | +$248K |
|
|
HTZ
1198
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $5.95M | 0.01% |
419,065
-14,733
| -3% | -$222K |
|
|
NUVA
1199
DELISTED
NuVasive, Inc.
NUVA
| $5.9M | 0.01% |
83,184
-7,594
| -8% | -$483K |
|
|
BDN
1200
Brandywine Realty Trust
BDN
$539M
| $5.89M | 0.01% |
374,938
-26,424
| -7% | -$436K |
|
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.