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 |
AT&T
T
|
+$186M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$142M |
| 3 |
PepsiCo
PEP
|
+$61.8M |
| 4 |
Coca-Cola
KO
|
+$61.8M |
| 5 |
Pfizer
PFE
|
+$54.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$269M |
| 2 |
TWX
Time Warner Inc
TWX
|
+$178M |
| 3 |
Apple
AAPL
|
+$161M |
| 4 |
Microsoft
MSFT
|
+$132M |
| 5 |
Amazon
AMZN
|
+$125M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.84% |
| 2 | Technology | 16.75% |
| 3 | Healthcare | 13.11% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Industrials | 10.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1226
Asbury Automotive
ABG
$3.78B
| $5.62M | 0.01% |
82,048
-5,101
| -6% | -$357K |
|
|
KW
1227
DELISTED
Kennedy-Wilson Holdings
KW
| $5.62M | 0.01% |
265,711
-10,287
| -4% | -$202K |
|
|
APU
1228
DELISTED
AmeriGas Partners, L.P.
APU
| $5.62M | 0.01% |
133,008
-6,794
| -5% | -$283K |
|
1229
Copa Holdings
CPA
$5.58B
| $5.62M | 0.01% |
59,341
-7,764
| -12% | -$871K |
|
|
MZTI
1230
The Marzetti Company
MZTI
$3.14B
| $5.61M | 0.01% |
40,521
-2,032
| -5% | -$260K |
|
|
PRSP
1231
DELISTED
Perspecta Inc. Common Stock
PRSP
| $5.61M | 0.01% |
+272,877
| New | +$6.11M |
|
1232
COPT Defense Properties
CDP
$4.14B
| $5.6M | 0.01% |
193,301
-26,799
| -12% | -$735K |
|
|
WWE
1233
DELISTED
World Wrestling Entertainment
WWE
| $5.59M | 0.01% |
76,775
-96
| -0.1% | -$4.86K |
|
1234
Photronics
PLAB
$1.93B
| $5.58M | 0.01% |
700,228
-84,449
| -11% | -$699K |
|
1235
Black Hills Corp
BKH
$5.62B
| $5.58M | 0.01% |
91,141
+2,584
| +3% | +$147K |
|
|
ONC
1236
BeOne Medicines Ltd
ONC
$41.2B
| $5.56M | 0.01% |
36,179
-22,043
| -38% | -$3.93M |
|
1237
Ultragenyx Pharmaceutical
RARE
$2.66B
| $5.56M | 0.01% |
72,337
-4,963
| -6% | -$321K |
|
1238
Northwest Bancshares
NWBI
$2.28B
| $5.56M | 0.01% |
319,667
-24,445
| -7% | -$417K |
|
|
GWPH
1239
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $5.55M | 0.01% |
39,800
-7,900
| -17% | -$1.12M |
|
1240
BOK Financial
BOKF
$8.74B
| $5.55M | 0.01% |
59,054
-3,627
| -6% | -$368K |
|
1241
Horace Mann Educators
HMN
$2.14B
| $5.54M | 0.01% |
124,277
-2,903
| -2% | -$129K |
|
|
SYNH
1242
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $5.54M | 0.01% |
118,171
-20,729
| -15% | -$858K |
|
|
CPE
1243
DELISTED
Callon Petroleum Company
CPE
| $5.54M | 0.01% |
51,580
-10,300
| -17% | -$1.28M |
|
|
JBTM
1244
JBT Marel
JBTM
$6.4B
| $5.53M | 0.01% |
62,226
-6,595
| -10% | -$643K |
|
|
RAD
1245
DELISTED
Rite Aid Corporation
RAD
| $5.53M | 0.01% |
159,758
-56,430
| -26% | -$1.91M |
|
1246
Viavi Solutions
VIAV
$9.44B
| $5.52M | 0.01% |
539,382
-39,894
| -7% | -$394K |
|
|
KS
1247
DELISTED
KapStone Paper and Pack Corp.
KS
| $5.52M | 0.01% |
160,065
-3,773
| -2% | -$130K |
|
1248
Commault Systems
CVLT
$5.81B
| $5.52M | 0.01% |
83,820
-5,131
| -6% | -$353K |
|
1249
Cooper-Standard Automotive
CPS
$519M
| $5.52M | 0.01% |
42,218
+20,018
| +90% | +$2.59M |
|
1250
Federated Hermes
FHI
$4.83B
| $5.52M | 0.01% |
236,598
+4,429
| +2% | +$118K |
|
Similar funds
California Public Employees Retirement System's Q2 2018 Portfolio in Review
As of Q2 2018, California Public Employees Retirement System held 3,424 positions worth $72.3B, up 3% from $70.2B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System's Q2 2018 filing shows 139 new, 1,115 increased, 1,545 reduced and 134 closed positions. Its largest new stake was Evergy: 605,075 shares worth $34M. The largest sale was Alphabet (Google) Class A, an estimated $269M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System's largest Q2 2018 buy was Evergy: 605,075 shares worth $34M.
- California Public Employees Retirement System added most to AT&T in Q2 2018, an estimated $186M increase.
- California Public Employees Retirement System's biggest Q2 2018 reduction was Alphabet (Google) Class A, cutting an estimated $269M.
- California Public Employees Retirement System fully exited Time Warner Inc in Q2 2018, selling an estimated $178M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $72.3B portfolio in Q2 2018.
- California Public Employees Retirement System opened 139 new positions and closed 134 in Q2 2018.
- California Public Employees Retirement System's portfolio value rose 3% quarter-over-quarter to $72.3B.
Based on California Public Employees Retirement System's 13F filing for Q2 2018, filed 15 Aug 2018.