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 | |
|---|---|---|---|---|---|---|
1251
Worthington Enterprises
WOR
$2.8B
| $5.49M | 0.01% |
212,010
-14,810
| -7% | -$419K |
|
|
ARRY
1252
DELISTED
Array Biopharma Inc
ARRY
| $5.45M | 0.01% |
325,058
+36,458
| +13% | +$580K |
|
|
WDR
1253
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $5.44M | 0.01% |
302,942
-33,274
| -10% | -$647K |
|
|
MNK
1254
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $5.42M | 0.01% |
290,625
-39,200
| -12% | -$624K |
|
1255
Range Resources
RRC
$9.39B
| $5.4M | 0.01% |
322,773
-125,498
| -28% | -$1.9M |
|
|
UCB
1256
United Community Banks
UCB
$4.32B
| $5.4M | 0.01% |
176,019
+21,336
| +14% | +$695K |
|
1257
Enerpac Tool Group
EPAC
$1.91B
| $5.39M | 0.01% |
183,815
+15,652
| +9% | +$388K |
|
|
SEP
1258
DELISTED
Spectra Engy Parters Lp
SEP
| $5.39M | 0.01% |
152,067
+58,649
| +63% | +$1.91M |
|
1259
Mine Safety
MSA
$7.5B
| $5.38M | 0.01% |
55,874
-2,169
| -4% | -$196K |
|
1260
Mueller Industries
MLI
$15.2B
| $5.38M | 0.01% |
728,616
+50,820
| +7% | +$368K |
|
|
MNDT
1261
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $5.37M | 0.01% |
348,870
+1,570
| +0.5% | +$27.3K |
|
|
DO
1262
DELISTED
Diamond Offshore Drilling
DO
| $5.36M | 0.01% |
257,107
-572,717
| -69% | -$10.7M |
|
1263
Integer Holdings
ITGR
$4.26B
| $5.36M | 0.01% |
82,851
-15,108
| -15% | -$937K |
|
|
MDRX
1264
DELISTED
Veradigm Inc. Common Stock
MDRX
| $5.35M | 0.01% |
446,147
-43,738
| -9% | -$539K |
|
|
VTLE
1265
DELISTED
Vital Energy
VTLE
| $5.35M | 0.01% |
27,799
-3,083
| -10% | -$578K |
|
1266
Protolabs
PRLB
$2.17B
| $5.34M | 0.01% |
44,876
+9,288
| +26% | +$1.14M |
|
1267
SM Energy
SM
$7.68B
| $5.33M | 0.01% |
207,520
-2,780
| -1% | -$65K |
|
1268
First Merchants
FRME
$2.68B
| $5.33M | 0.01% |
114,815
-11,071
| -9% | -$496K |
|
1269
SouthState Bank Corp
SSB
$10.6B
| $5.32M | 0.01% |
61,642
-2,626
| -4% | -$232K |
|
1270
NorthWestern Energy
NWE
$4.34B
| $5.31M | 0.01% |
92,707
-8,575
| -8% | -$465K |
|
|
SUM
1271
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $5.3M | 0.01% |
205,372
-9,724
| -5% | -$271K |
|
1272
Lumentum
LITE
$63.2B
| $5.29M | 0.01% |
91,400
-18,200
| -17% | -$1.08M |
|
1273
Under Armour
UAA
$2.33B
| $5.26M | 0.01% |
234,187
+4,007
| +2% | +$79.2K |
|
1274
Liberty Broadband Class A
LBRDA
$5.19B
| $5.23M | 0.01% |
69,127
+2,735
| +4% | +$206K |
|
1275
FS KKR Capital
FSK
$3.38B
| $5.23M | 0.01% |
177,825
+23,975
| +16% | +$731K |
|
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.