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 | |
|---|---|---|---|---|---|---|
1276
Itron
ITRI
$4.53B
| $5.32M | 0.01% |
82,862
+3,623
| +5% | +$229K |
|
1277
Kratos Defense & Security Solutions
KTOS
$11.8B
| $5.32M | 0.01% |
359,700
-29,700
| -8% | -$392K |
|
|
RAD
1278
DELISTED
Rite Aid Corporation
RAD
| $5.31M | 0.01% |
207,461
+47,703
| +30% | +$1.47M |
|
1279
PENN Entertainment
PENN
$2.57B
| $5.29M | 0.01% |
160,661
+10,932
| +7% | +$364K |
|
1280
Edgewell Personal Care
EPC
$1.3B
| $5.28M | 0.01% |
114,305
-28,252
| -20% | -$1.49M |
|
1281
The Greenbrier Companies
GBX
$1.44B
| $5.26M | 0.01% |
87,550
+1,169
| +1% | +$67.4K |
|
1282
COPT Defense Properties
CDP
$4.15B
| $5.25M | 0.01% |
176,008
-17,293
| -9% | -$518K |
|
|
AXE
1283
DELISTED
Anixter International Inc
AXE
| $5.25M | 0.01% |
74,664
-21,807
| -23% | -$1.53M |
|
|
VTLE
1284
DELISTED
Vital Energy
VTLE
| $5.24M | 0.01% |
32,084
+4,285
| +15% | +$750K |
|
1285
United Bankshares
UBSI
$6.62B
| $5.24M | 0.01% |
144,089
-11,632
| -7% | -$441K |
|
1286
Ultragenyx Pharmaceutical
RARE
$2.63B
| $5.23M | 0.01% |
68,505
-3,832
| -5% | -$312K |
|
1287
Acadia Healthcare
ACHC
$2.92B
| $5.23M | 0.01% |
148,562
-18,310
| -11% | -$730K |
|
1288
Box
BOX
$4.6B
| $5.21M | 0.01% |
218,098
+176,246
| +421% | +$4.44M |
|
|
UNIT
1289
Uniti Group
UNIT
$2.27B
| $5.21M | 0.01% |
258,288
+16,443
| +7% | +$326K |
|
1290
Pegasystems
PEGA
$5.45B
| $5.2M | 0.01% |
166,106
-16,706
| -9% | -$505K |
|
1291
US Physical Therapy
USPH
$1.22B
| $5.19M | 0.01% |
43,782
+1,015
| +2% | +$115K |
|
|
SHLX
1292
DELISTED
Shell Midstream Partners, L.P.
SHLX
| $5.19M | 0.01% |
242,900
-28,616
| -11% | -$645K |
|
1293
Coherent
COHR
$64.5B
| $5.19M | 0.01% |
109,677
-5,954
| -5% | -$271K |
|
|
CRZO
1294
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $5.18M | 0.01% |
205,589
+34,044
| +20% | +$879K |
|
|
PRA
1295
DELISTED
ProAssurance
PRA
| $5.18M | 0.01% |
110,325
-7,487
| -6% | -$329K |
|
|
UCB
1296
United Community Banks
UCB
$4.35B
| $5.18M | 0.01% |
185,720
+9,701
| +6% | +$294K |
|
1297
Prospect Capital
PSEC
$1.15B
| $5.18M | 0.01% |
706,600
-5,400
| -0.8% | -$38.2K |
|
|
VRTU
1298
DELISTED
Virtusa Corporation
VRTU
| $5.17M | 0.01% |
96,281
+16,248
| +20% | +$883K |
|
1299
Under Armour
UAA
$2.32B
| $5.16M | 0.01% |
243,063
+8,876
| +4% | +$185K |
|
1300
Horace Mann Educators
HMN
$2.14B
| $5.15M | 0.01% |
114,746
-9,531
| -8% | -$434K |
|
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.