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
|
+$200M |
| 2 |
PepsiCo
PEP
|
+$180M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$157M |
| 4 |
Linde
LIN
|
+$156M |
| 5 |
Procter & Gamble
PG
|
+$152M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AET
Aetna Inc
AET
|
+$235M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$180M |
| 3 |
ESRX
Express Scripts Holding Company
ESRX
|
+$142M |
| 4 |
PX
Praxair Inc
PX
|
+$92.8M |
| 5 |
COL
Rockwell Collins
COL
|
+$81.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.4% |
| 2 | Technology | 16.18% |
| 3 | Healthcare | 14.24% |
| 4 | Consumer Discretionary | 9.85% |
| 5 | Industrials | 9.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1226
Resideo Technologies
REZI
$3.57B
| $4.19M | 0.01% |
+203,868
| New | +$4.35M |
|
|
BID
1227
DELISTED
Sotheby's
BID
| $4.19M | 0.01% |
105,368
-5,896
| -5% | -$240K |
|
1228
Sabra Healthcare REIT
SBRA
$5.11B
| $4.18M | 0.01% |
253,779
-16,000
| -6% | -$322K |
|
1229
Consolidated Water Co
CWCO
$526M
| $4.16M | 0.01% |
356,800
| – | – |
|
1230
Edgewell Personal Care
EPC
$1.28B
| $4.16M | 0.01% |
111,256
-3,049
| -3% | -$133K |
|
1231
Nelnet
NNI
$4.59B
| $4.14M | 0.01% |
79,200
-2,768
| -3% | -$149K |
|
1232
Benchmark Electronics
BHE
$3B
| $4.14M | 0.01% |
195,531
-11,678
| -6% | -$269K |
|
|
MNK
1233
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $4.13M | 0.01% |
261,316
-15,321
| -6% | -$382K |
|
|
COHR
1234
DELISTED
Coherent Inc
COHR
| $4.13M | 0.01% |
39,034
+1,836
| +5% | +$236K |
|
1235
The Ensign Group
ENSG
$10.7B
| $4.13M | 0.01% |
113,687
-14,732
| -11% | -$574K |
|
1236
QuinStreet
QNST
$1.25B
| $4.12M | 0.01% |
253,849
| – | – |
|
1237
Sinclair Inc
SBGI
$976M
| $4.12M | 0.01% |
156,376
-33,083
| -17% | -$965K |
|
1238
Worthington Enterprises
WOR
$2.84B
| $4.12M | 0.01% |
191,574
-21,529
| -10% | -$536K |
|
|
BEL
1239
DELISTED
Belmond Ltd.
BEL
| $4.12M | 0.01% |
164,401
-13,100
| -7% | -$252K |
|
|
PSXP
1240
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
| $4.12M | 0.01% |
97,716
+8,920
| +10% | +$432K |
|
1241
Penske Automotive Group
PAG
$14.3B
| $4.11M | 0.01% |
101,986
-283
| -0.3% | -$12.2K |
|
1242
Azenta
AZTA
$1.56B
| $4.1M | 0.01% |
156,501
+35,700
| +30% | +$1.04M |
|
1243
Omnicell
OMCL
$1.71B
| $4.09M | 0.01% |
66,777
-327
| -0.5% | -$22.1K |
|
1244
BGC Group
BGC
$4.88B
| $4.09M | 0.01% |
790,429
-273,695
| -26% | -$1.8M |
|
|
ECHO
1245
EchoStar
ECHO
$25.9B
| $4.08M | 0.01% |
137,259
+25,224
| +23% | +$832K |
|
1246
Lumentum
LITE
$62.2B
| $4.08M | 0.01% |
97,007
+11,807
| +14% | +$581K |
|
1247
PagSeguro Digital
PAGS
$2.52B
| $4.06M | 0.01% |
217,000
+61,200
| +39% | +$1.5M |
|
|
ARRY
1248
DELISTED
Array Biopharma Inc
ARRY
| $4.06M | 0.01% |
285,128
-24,200
| -8% | -$367K |
|
|
KW
1249
DELISTED
Kennedy-Wilson Holdings
KW
| $4.06M | 0.01% |
223,577
-24,852
| -10% | -$477K |
|
1250
SouthState Bank Corp
SSB
$10.6B
| $4.06M | 0.01% |
67,754
+11,148
| +20% | +$774K |
|
Similar funds
California Public Employees Retirement System's Q4 2018 Portfolio in Review
As of Q4 2018, California Public Employees Retirement System held 3,341 positions worth $71.3B, down 8% from $77.6B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
California Public Employees Retirement System deployed $4.76B of net new capital in Q4 2018, opening 51 new positions and adding to 888 existing holdings. Its largest new stake was Linde: 990,142 shares worth $155M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, down from 17% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $180M trimmed.
- California Public Employees Retirement System's largest Q4 2018 buy was Linde: 990,142 shares worth $155M.
- California Public Employees Retirement System added most to Coca-Cola in Q4 2018, an estimated $200M increase.
- California Public Employees Retirement System's biggest Q4 2018 reduction was Alphabet (Google) Class A, cutting an estimated $180M.
- California Public Employees Retirement System fully exited Aetna Inc in Q4 2018, selling an estimated $235M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $71.3B portfolio in Q4 2018.
- California Public Employees Retirement System opened 51 new positions and closed 89 in Q4 2018.
- California Public Employees Retirement System's portfolio value fell 8% quarter-over-quarter to $71.3B.
Based on California Public Employees Retirement System's 13F filing for Q4 2018, filed 8 Feb 2019.