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 | |
|---|---|---|---|---|---|---|
|
GLUU
1226
DELISTED
Glu Mobile Inc.
GLUU
| $5.69M | 0.01% |
764,062
+67,261
| +10% | +$453K |
|
1227
Viavi Solutions
VIAV
$9.49B
| $5.69M | 0.01% |
501,825
-37,557
| -7% | -$406K |
|
1228
Plexus
PLXS
$7.24B
| $5.69M | 0.01% |
97,184
-9,595
| -9% | -$587K |
|
|
MGLN
1229
DELISTED
Magellan Health Services, Inc.
MGLN
| $5.68M | 0.01% |
78,774
-5,952
| -7% | -$479K |
|
|
PGRE
1230
DELISTED
Paramount Group
PGRE
| $5.67M | 0.01% |
375,717
-86,141
| -19% | -$1.34M |
|
|
GTLS
1231
DELISTED
Chart Industries
GTLS
| $5.67M | 0.01% |
72,345
+3,081
| +4% | +$228K |
|
1232
Werner Enterprises
WERN
$2.17B
| $5.66M | 0.01% |
160,143
+30,185
| +23% | +$1.12M |
|
|
TWOU
1233
DELISTED
2U Inc
TWOU
| $5.66M | 0.01% |
2,509
-105
| -4% | -$260K |
|
|
I
1234
DELISTED
INTELSAT S. A.
I
| $5.64M | 0.01% |
188,105
+44,631
| +31% | +$976K |
|
1235
Avista
AVA
$3.21B
| $5.63M | 0.01% |
111,324
-10,012
| -8% | -$512K |
|
|
STL
1236
DELISTED
Sterling Bancorp
STL
| $5.62M | 0.01% |
255,583
-34,710
| -12% | -$790K |
|
|
MZTI
1237
The Marzetti Company
MZTI
$3.19B
| $5.61M | 0.01% |
37,613
-2,908
| -7% | -$433K |
|
|
HR
1238
DELISTED
Healthcare Realty Trust Incorporated
HR
| $5.61M | 0.01% |
191,739
-46,954
| -20% | -$1.4M |
|
|
HZNP
1239
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $5.6M | 0.01% |
286,114
-24,608
| -8% | -$468K |
|
|
DLPH
1240
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
| $5.59M | 0.01% |
178,362
-4,754
| -3% | -$188K |
|
1241
Compañía de Minas Buenaventura
BVN
$8.75B
| $5.59M | 0.01% |
417,024
+83,866
| +25% | +$1.09M |
|
1242
Choice Hotels
CHH
$4.61B
| $5.58M | 0.01% |
66,974
-182
| -0.3% | -$14.3K |
|
1243
BOK Financial
BOKF
$8.76B
| $5.57M | 0.01% |
57,302
-1,752
| -3% | -$175K |
|
|
ESL
1244
DELISTED
Esterline Technologies
ESL
| $5.57M | 0.01% |
61,185
-6,291
| -9% | -$529K |
|
|
WNS
1245
DELISTED
WNS Holdings
WNS
| $5.56M | 0.01% |
109,612
+9,454
| +9% | +$483K |
|
|
CHSP
1246
DELISTED
Chesapeake Lodging Trust
CHSP
| $5.55M | 0.01% |
173,145
+15,254
| +10% | +$495K |
|
1247
Deluxe
DLX
$1.14B
| $5.55M | 0.01% |
97,395
+3,619
| +4% | +$218K |
|
1248
Axos Financial
AX
$5.69B
| $5.54M | 0.01% |
161,152
+3,361
| +2% | +$129K |
|
|
VRNT
1249
DELISTED
Verint Systems
VRNT
| $5.53M | 0.01% |
216,507
-64,092
| -23% | -$1.56M |
|
1250
Arrowhead Research
ARWR
$12.8B
| $5.53M | 0.01% |
288,210
+55,588
| +24% | +$912K |
|
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.