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 |
Walt Disney
DIS
|
+$135M |
| 2 |
Coca-Cola
KO
|
+$126M |
| 3 |
PepsiCo
PEP
|
+$122M |
| 4 |
Procter & Gamble
PG
|
+$102M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$101M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$292M |
| 2 |
Mastercard
MA
|
+$244M |
| 3 |
Apple
AAPL
|
+$197M |
| 4 |
RTN
Raytheon Company
RTN
|
+$143M |
| 5 |
Northrop Grumman
NOC
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.56% |
| 2 | Financials | 15.24% |
| 3 | Healthcare | 13.8% |
| 4 | Consumer Discretionary | 10% |
| 5 | Industrials | 8.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1176
Patterson-UTI
PTEN
$4.22B
| $4.89M | 0.01% |
349,056
-2,525
| -0.7% | -$33.1K |
|
1177
The Ensign Group
ENSG
$10.5B
| $4.89M | 0.01% |
102,041
-11,646
| -10% | -$509K |
|
1178
SouthState Bank Corp
SSB
$10.7B
| $4.88M | 0.01% |
71,467
+3,713
| +5% | +$249K |
|
|
TCP
1179
DELISTED
TC Pipelines LP
TCP
| $4.87M | 0.01% |
130,418
+57,089
| +78% | +$1.91M |
|
|
CAMP
1180
DELISTED
CalAmp Corp.
CAMP
| $4.86M | 0.01% |
16,811
+7,466
| +80% | +$2.36M |
|
1181
Dorman Products
DORM
$3.95B
| $4.86M | 0.01% |
55,194
+28
| +0.1% | +$2.43K |
|
|
TARO
1182
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $4.86M | 0.01% |
44,916
+5,473
| +14% | +$545K |
|
|
SAFM
1183
DELISTED
Sanderson Farms Inc
SAFM
| $4.85M | 0.01% |
36,758
-877
| -2% | -$105K |
|
|
SPWR
1184
DELISTED
SunPower Corporation Common Stock
SPWR
| $4.83M | 0.01% |
1,133,255
+87,410
| +8% | +$341K |
|
1185
Veeco
VECO
$3.07B
| $4.81M | 0.01% |
443,909
+87,689
| +25% | +$904K |
|
|
BDN
1186
Brandywine Realty Trust
BDN
$534M
| $4.81M | 0.01% |
303,327
-54,861
| -15% | -$829K |
|
|
RPAI
1187
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $4.8M | 0.01% |
393,723
-74,173
| -16% | -$904K |
|
1188
Watts Water Technologies
WTS
$12.8B
| $4.79M | 0.01% |
59,335
-10,485
| -15% | -$798K |
|
1189
ZTO Express
ZTO
$17.6B
| $4.79M | 0.01% |
261,784
-135,881
| -34% | -$2.49M |
|
1190
Community Bank
CBU
$3.41B
| $4.78M | 0.01% |
80,009
-4,351
| -5% | -$268K |
|
|
SFLY
1191
DELISTED
Shutterfly, Inc.
SFLY
| $4.78M | 0.01% |
117,522
+41,152
| +54% | +$1.81M |
|
|
MFA
1192
MFA Financial
MFA
$928M
| $4.78M | 0.01% |
164,187
-37,263
| -18% | -$1.08M |
|
|
HMSY
1193
DELISTED
HMS Holdings Corp.
HMSY
| $4.78M | 0.01% |
161,247
-2,039
| -1% | -$62.9K |
|
1194
BOK Financial
BOKF
$8.75B
| $4.77M | 0.01% |
58,509
-3,726
| -6% | -$313K |
|
1195
Valvoline
VVV
$4.21B
| $4.77M | 0.01% |
256,800
-4,200
| -2% | -$83.2K |
|
1196
Antero Resources
AR
$11.6B
| $4.76M | 0.01% |
539,689
+21,964
| +4% | +$207K |
|
1197
Benchmark Electronics
BHE
$2.92B
| $4.74M | 0.01% |
180,583
-14,948
| -8% | -$383K |
|
1198
KB Home
KBH
$3.54B
| $4.74M | 0.01% |
196,089
-3,553
| -2% | -$78.7K |
|
|
XHR
1199
Xenia Hotels & Resorts
XHR
$1.72B
| $4.74M | 0.01% |
216,240
-66,610
| -24% | -$1.27M |
|
1200
Telephone and Data Systems
TDS
$3.84B
| $4.73M | 0.01% |
154,054
-64,132
| -29% | -$2.18M |
|
Similar funds
California Public Employees Retirement System's Q1 2019 Portfolio in Review
As of Q1 2019, California Public Employees Retirement System held 3,308 positions worth $81.2B, up 14% from $71.3B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 4.6%. California Public Employees Retirement System opened 56 new positions and exited 97, leaving the 3,308-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.
- California Public Employees Retirement System's largest Q1 2019 buy was Fox Class B: 1,093,604 shares worth $39.2M.
- California Public Employees Retirement System added most to Walt Disney in Q1 2019, an estimated $135M increase.
- California Public Employees Retirement System's biggest Q1 2019 reduction was Athene Holding Ltd. Class A Common Shares, cutting an estimated $292M.
- California Public Employees Retirement System fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $84.9M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $81.2B portfolio in Q1 2019.
- California Public Employees Retirement System opened 56 new positions and closed 97 in Q1 2019.
- California Public Employees Retirement System's portfolio value rose 14% quarter-over-quarter to $81.2B.
Based on California Public Employees Retirement System's 13F filing for Q1 2019, filed 3 May 2019.