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 | |
|---|---|---|---|---|---|---|
|
VG
1276
DELISTED
Vonage Holdings Corporation
VG
| $3.82M | 0.01% |
438,028
+83,986
| +24% | +$962K |
|
|
CYBR
1277
DELISTED
CyberArk
CYBR
| $3.82M | 0.01% |
51,497
-5,259
| -9% | -$376K |
|
1278
KB Home
KBH
$3.52B
| $3.81M | 0.01% |
199,642
-15,549
| -7% | -$319K |
|
|
AVNS
1279
DELISTED
Avanos Medical
AVNS
| $3.79M | 0.01% |
84,724
-5,295
| -6% | -$277K |
|
|
HOUS
1280
DELISTED
Anywhere Real Estate
HOUS
| $3.79M | 0.01% |
258,517
-63,454
| -20% | -$1.16M |
|
1281
Synaptics
SYNA
$4.2B
| $3.79M | 0.01% |
101,829
+2,993
| +3% | +$112K |
|
|
HR
1282
DELISTED
Healthcare Realty Trust Incorporated
HR
| $3.79M | 0.01% |
133,196
-58,543
| -31% | -$1.7M |
|
1283
Scholastic
SCHL
$783M
| $3.78M | 0.01% |
93,983
-12,145
| -11% | -$528K |
|
1284
NETGEAR
NTGR
$639M
| $3.78M | 0.01% |
72,643
-4,899
| -6% | -$264K |
|
1285
Evertec
EVTC
$1.78B
| $3.78M | 0.01% |
131,588
+4,293
| +3% | +$112K |
|
|
AY
1286
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $3.77M | 0.01% |
192,404
-12,509
| -6% | -$248K |
|
1287
SITE Centers
SITC
$158M
| $3.77M | 0.01% |
436,262
-123,319
| -22% | -$1.16M |
|
|
GPOR
1288
DELISTED
Gulfport Energy Corp.
GPOR
| $3.76M | 0.01% |
573,966
-139,234
| -20% | -$1.29M |
|
1289
DNOW Inc
DNOW
$3.02B
| $3.75M | 0.01% |
322,213
-40,596
| -11% | -$568K |
|
1290
US Physical Therapy
USPH
$1.23B
| $3.74M | 0.01% |
36,520
-7,262
| -17% | -$806K |
|
|
SAFM
1291
DELISTED
Sanderson Farms Inc
SAFM
| $3.74M | 0.01% |
37,635
-2,520
| -6% | -$258K |
|
1292
Invesco Mortgage Capital
IVR
$800M
| $3.73M | 0.01% |
25,758
-1,350
| -5% | -$204K |
|
1293
Tandem Diabetes Care
TNDM
$1.62B
| $3.73M | 0.01% |
98,246
+70,000
| +248% | +$2.47M |
|
1294
Shenandoah Telecom
SHEN
$746M
| $3.73M | 0.01% |
84,277
-6,059
| -7% | -$259K |
|
|
WMGI
1295
DELISTED
Wright Medical Group Inc
WMGI
| $3.73M | 0.01% |
136,953
-11,474
| -8% | -$317K |
|
|
SINA
1296
DELISTED
Sina Corp
SINA
| $3.73M | 0.01% |
69,489
-14,892
| -18% | -$920K |
|
|
UNVR
1297
DELISTED
Univar Solutions Inc.
UNVR
| $3.72M | 0.01% |
209,732
+56,232
| +37% | +$1.3M |
|
1298
Franklin Electric
FELE
$4.74B
| $3.71M | 0.01% |
86,623
-3,503
| -4% | -$152K |
|
1299
CareDx
CDNA
$2.46B
| $3.69M | 0.01% |
146,929
-4,425
| -3% | -$114K |
|
1300
Northwest Bancshares
NWBI
$2.28B
| $3.69M | 0.01% |
218,074
-54,062
| -20% | -$912K |
|
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.