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 | |
|---|---|---|---|---|---|---|
|
DCP
1251
DELISTED
DCP Midstream, LP
DCP
| $4.06M | 0.01% |
153,246
+13,741
| +10% | +$493K |
|
1252
Integra LifeSciences
IART
$1.33B
| $4.06M | 0.01% |
89,973
-7,163
| -7% | -$393K |
|
|
CHK
1253
DELISTED
Chesapeake Energy Corporation
CHK
| $4.05M | 0.01% |
9,655
-251
| -3% | -$173K |
|
1254
Element Solutions
ESI
$9.08B
| $4.03M | 0.01% |
389,697
-19,454
| -5% | -$214K |
|
1255
Granite Construction
GVA
$5.51B
| $4.01M | 0.01% |
99,623
-20,105
| -17% | -$918K |
|
|
VRTU
1256
DELISTED
Virtusa Corporation
VRTU
| $4.01M | 0.01% |
94,139
-2,142
| -2% | -$97.8K |
|
1257
Itron
ITRI
$4.49B
| $4.01M | 0.01% |
84,744
+1,882
| +2% | +$99.5K |
|
1258
Green Dot
GDOT
$752M
| $4.01M | 0.01% |
50,390
-1,902
| -4% | -$150K |
|
1259
Darling Ingredients
DAR
$9.91B
| $4M | 0.01% |
207,817
-18,907
| -8% | -$383K |
|
|
ESV
1260
DELISTED
Ensco Rowan plc
ESV
| $3.98M | 0.01% |
279,605
-29,251
| -9% | -$754K |
|
1261
Novanta
NOVT
$6.2B
| $3.96M | 0.01% |
62,817
-610
| -1% | -$39.3K |
|
1262
Performance Food Group
PFGC
$17.9B
| $3.93M | 0.01% |
121,860
-10,780
| -8% | -$342K |
|
|
RDC
1263
DELISTED
Rowan Companies Plc
RDC
| $3.93M | 0.01% |
468,273
-29,569
| -6% | -$435K |
|
|
CMD
1264
DELISTED
Cantel Medical Corporation
CMD
| $3.91M | 0.01% |
52,555
-11,372
| -18% | -$939K |
|
1265
Fossil Group
FOSL
$317M
| $3.9M | 0.01% |
247,774
-10,116
| -4% | -$196K |
|
|
UNIT
1266
Uniti Group
UNIT
$2.28B
| $3.89M | 0.01% |
250,081
-8,207
| -3% | -$154K |
|
1267
Qualys
QLYS
$6.43B
| $3.89M | 0.01% |
52,061
-2,979
| -5% | -$224K |
|
1268
Radware
RDWR
$1.2B
| $3.89M | 0.01% |
171,285
-11,651
| -6% | -$269K |
|
1269
Abercrombie & Fitch
ANF
$5.27B
| $3.88M | 0.01% |
193,663
-45,445
| -19% | -$851K |
|
|
PGRE
1270
DELISTED
Paramount Group
PGRE
| $3.88M | 0.01% |
309,130
-66,587
| -18% | -$937K |
|
1271
Inogen
INGN
$160M
| $3.88M | 0.01% |
31,228
-1,175
| -4% | -$194K |
|
|
QEP
1272
DELISTED
QEP RESOURCES, INC.
QEP
| $3.88M | 0.01% |
688,245
+88,616
| +15% | +$778K |
|
|
KAMN
1273
DELISTED
Kaman Corp
KAMN
| $3.85M | 0.01% |
68,734
-1,651
| -2% | -$97.6K |
|
|
TWOU
1274
DELISTED
2U Inc
TWOU
| $3.84M | 0.01% |
2,577
+68
| +3% | +$120K |
|
|
NUVA
1275
DELISTED
NuVasive, Inc.
NUVA
| $3.84M | 0.01% |
77,549
-5,635
| -7% | -$339K |
|
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.