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 |
PepsiCo
PEP
|
+$196M |
| 2 |
Coca-Cola
KO
|
+$195M |
| 3 |
NextEra Energy
NEE
|
+$108M |
| 4 |
McDonald's
MCD
|
+$99.5M |
| 5 |
Newmont
NEM
|
+$97.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apollo Global Management
APO
|
+$475M |
| 2 |
Apple
AAPL
|
+$244M |
| 3 |
Microsoft
MSFT
|
+$198M |
| 4 |
JPMorgan Chase
JPM
|
+$132M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$99.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.05% |
| 2 | Financials | 14.87% |
| 3 | Healthcare | 13.45% |
| 4 | Consumer Discretionary | 9.92% |
| 5 | Consumer Staples | 9.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1226
Cheesecake Factory
CAKE
$5.63B
| $4.25M | 0.01% |
97,257
-20,213
| -17% | -$944K |
|
1227
Matador Resources
MTDR
$6.5B
| $4.25M | 0.01% |
213,707
-10,217
| -5% | -$194K |
|
1228
Fabrinet
FN
$18.8B
| $4.24M | 0.01% |
85,397
-18,150
| -18% | -$959K |
|
|
TCO
1229
DELISTED
Taubman Centers Inc.
TCO
| $4.24M | 0.01% |
103,745
+1,778
| +2% | +$85.6K |
|
|
WUBA
1230
DELISTED
58.com Inc
WUBA
| $4.24M | 0.01% |
68,140
-6,675
| -9% | -$430K |
|
1231
Main Street Capital
MAIN
$5.49B
| $4.23M | 0.01% |
102,978
+5,685
| +6% | +$226K |
|
1232
Belden
BDC
$5.24B
| $4.23M | 0.01% |
70,977
-3,694
| -5% | -$212K |
|
1233
Caesars Entertainment
CZR
$6.07B
| $4.21M | 0.01% |
91,489
-3,287
| -3% | -$161K |
|
|
SJI
1234
DELISTED
South Jersey Industries, Inc.
SJI
| $4.21M | 0.01% |
124,718
-5,126
| -4% | -$166K |
|
1235
US Physical Therapy
USPH
$1.22B
| $4.21M | 0.01% |
34,310
-1,010
| -3% | -$116K |
|
1236
Wingstop
WING
$3.09B
| $4.2M | 0.01% |
44,342
+2,775
| +7% | +$226K |
|
1237
Resideo Technologies
REZI
$3.7B
| $4.18M | ﹤0.01% |
190,843
-8,851
| -4% | -$187K |
|
1238
Photronics
PLAB
$1.92B
| $4.18M | ﹤0.01% |
509,316
-64,050
| -11% | -$569K |
|
1239
O-I Glass
OI
$1.1B
| $4.17M | ﹤0.01% |
241,537
-63,438
| -21% | -$1.13M |
|
1240
ZTO Express
ZTO
$17.6B
| $4.16M | ﹤0.01% |
217,758
-44,026
| -17% | -$828K |
|
1241
Minerals Technologies
MTX
$2.31B
| $4.14M | ﹤0.01% |
77,455
-15,783
| -17% | -$921K |
|
|
AJRD
1242
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $4.14M | ﹤0.01% |
92,475
+2,435
| +3% | +$90.8K |
|
1243
Atlantic Union Bankshares
AUB
$6.03B
| $4.14M | ﹤0.01% |
117,087
-2,243
| -2% | -$78.1K |
|
1244
DMC Global
BOOM
$155M
| $4.13M | ﹤0.01% |
65,157
-4,499
| -6% | -$298K |
|
|
X
1245
DELISTED
US Steel
X
| $4.12M | ﹤0.01% |
269,358
-22,287
| -8% | -$343K |
|
|
AEL
1246
DELISTED
American Equity Investment Life Holding Company
AEL
| $4.12M | ﹤0.01% |
151,718
+1,287
| +0.9% | +$36.8K |
|
1247
Paylocity
PCTY
$7.74B
| $4.11M | ﹤0.01% |
43,758
+607
| +1% | +$57.6K |
|
1248
World Kinect Corp
WKC
$1.91B
| $4.09M | ﹤0.01% |
113,857
-26,337
| -19% | -$826K |
|
1249
EXL Service
EXLS
$5.31B
| $4.09M | ﹤0.01% |
309,090
+39,105
| +14% | +$480K |
|
|
AXE
1250
DELISTED
Anixter International Inc
AXE
| $4.08M | ﹤0.01% |
68,387
-4,793
| -7% | -$282K |
|
Similar funds
California Public Employees Retirement System's Q2 2019 Portfolio in Review
As of Q2 2019, California Public Employees Retirement System held 3,341 positions worth $84.7B, up 4.4% from $81.2B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System's Q2 2019 filing shows 131 new, 874 increased, 1,775 reduced and 77 closed positions. Its largest new stake was Dow Inc: 1,160,686 shares worth $57.2M. The largest sale was Apollo Global Management, an estimated $475M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 17% a quarter earlier, followed by Financials and Healthcare.
- California Public Employees Retirement System's largest Q2 2019 buy was Dow Inc: 1,160,686 shares worth $57.2M.
- California Public Employees Retirement System added most to PepsiCo in Q2 2019, an estimated $196M increase.
- California Public Employees Retirement System's biggest Q2 2019 reduction was Apollo Global Management, cutting an estimated $475M.
- California Public Employees Retirement System fully exited Ultimate Software Group Inc in Q2 2019, selling an estimated $21.4M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $84.7B portfolio in Q2 2019.
- California Public Employees Retirement System opened 131 new positions and closed 77 in Q2 2019.
- California Public Employees Retirement System's portfolio value rose 4.4% quarter-over-quarter to $84.7B.
Based on California Public Employees Retirement System's 13F filing for Q2 2019, filed 15 Aug 2019.