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 | |
|---|---|---|---|---|---|---|
|
CMD
1201
DELISTED
Cantel Medical Corporation
CMD
| $5.88M | 0.01% |
63,927
-9,945
| -13% | -$947K |
|
|
MIC
1202
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $5.88M | 0.01% |
127,420
-53,277
| -29% | -$2.44M |
|
1203
Belden
BDC
$5.38B
| $5.88M | 0.01% |
82,283
-2,791
| -3% | -$192K |
|
1204
AllianceBernstein
AB
$3.48B
| $5.87M | 0.01% |
192,893
-16,595
| -8% | -$496K |
|
1205
Delek US
DK
$3.89B
| $5.87M | 0.01% |
138,257
+4,594
| +3% | +$227K |
|
|
SINA
1206
DELISTED
Sina Corp
SINA
| $5.86M | 0.01% |
84,381
-8,011
| -9% | -$600K |
|
1207
Texas Capital Bancshares
TCBI
$4.34B
| $5.85M | 0.01% |
70,802
-4,869
| -6% | -$442K |
|
1208
SITE Centers
SITC
$158M
| $5.85M | 0.01% |
559,581
-73,605
| -12% | -$802K |
|
|
HMSY
1209
DELISTED
HMS Holdings Corp.
HMSY
| $5.83M | 0.01% |
177,797
+5,056
| +3% | +$146K |
|
1210
Cousins Properties
CUZ
$4.84B
| $5.83M | 0.01% |
163,924
-17,878
| -10% | -$666K |
|
|
MDSO
1211
DELISTED
Medidata Solutions, Inc.
MDSO
| $5.8M | 0.01% |
79,131
-7,182
| -8% | -$574K |
|
1212
Simpson Manufacturing
SSD
$8.06B
| $5.79M | 0.01% |
79,856
-2,660
| -3% | -$188K |
|
|
EEP
1213
DELISTED
Enbridge Energy Partners
EEP
| $5.76M | 0.01% |
524,439
-219,365
| -29% | -$2.47M |
|
|
SVU
1214
DELISTED
SUPERVALU Inc.
SVU
| $5.76M | 0.01% |
178,798
-9,483
| -5% | -$277K |
|
|
PDCE
1215
DELISTED
PDC Energy, Inc.
PDCE
| $5.76M | 0.01% |
117,601
-7,551
| -6% | -$418K |
|
|
MDRX
1216
DELISTED
Veradigm Inc. Common Stock
MDRX
| $5.75M | 0.01% |
403,778
-42,369
| -9% | -$576K |
|
1217
Patterson-UTI
PTEN
$4.2B
| $5.75M | 0.01% |
336,075
-22,400
| -6% | -$385K |
|
1218
ePlus
PLUS
$2.33B
| $5.73M | 0.01% |
123,610
-1,416
| -1% | -$70.7K |
|
1219
Trustmark
TRMK
$2.76B
| $5.72M | 0.01% |
170,138
-11,993
| -7% | -$418K |
|
|
BEAT
1220
DELISTED
BioTelemetry, Inc.
BEAT
| $5.72M | 0.01% |
88,724
+18,855
| +27% | +$1.05M |
|
1221
Repligen
RGEN
$9.33B
| $5.72M | 0.01% |
103,081
-2,778
| -3% | -$143K |
|
1222
Cedar Fair
FUN
$1.65B
| $5.71M | 0.01% |
109,594
-5,791
| -5% | -$320K |
|
|
CZR
1223
DELISTED
Caesars Entertainment Corporation
CZR
| $5.7M | 0.01% |
555,900
-38,900
| -7% | -$409K |
|
1224
Worthington Enterprises
WOR
$2.81B
| $5.7M | 0.01% |
213,103
+1,093
| +0.5% | +$30.7K |
|
|
TXNM
1225
TXNM Energy Inc
TXNM
$5.91B
| $5.69M | 0.01% |
144,308
-57,788
| -29% | -$2.26M |
|
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.