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 | |
|---|---|---|---|---|---|---|
|
CVG
1301
DELISTED
Convergys
CVG
| $5.06M | 0.01% |
207,133
-32,563
| -14% | -$776K |
|
|
KAMN
1302
DELISTED
Kaman Corp
KAMN
| $5.06M | 0.01% |
72,626
+6,742
| +10% | +$456K |
|
1303
Babcock & Wilcox
BW
$1.37B
| $5.06M | 0.01% |
212,503
+104,875
| +97% | +$2.79M |
|
|
BBT
1304
Beacon Financial Corp
BBT
$2.67B
| $5.05M | 0.01% |
124,390
+6,872
| +6% | +$272K |
|
1305
Spectrum Brands
SPB
$2.03B
| $5.05M | 0.01% |
61,848
+9,694
| +19% | +$815K |
|
1306
PENN Entertainment
PENN
$2.57B
| $5.03M | 0.01% |
149,729
-45,351
| -23% | -$1.42M |
|
1307
Coherent
COHR
$64.6B
| $5.02M | 0.01% |
115,631
-8,404
| -7% | -$371K |
|
1308
Synaptics
SYNA
$4.15B
| $5.02M | 0.01% |
99,735
+20,022
| +25% | +$908K |
|
1309
Pegasystems
PEGA
$5.45B
| $5.01M | 0.01% |
182,812
-18,372
| -9% | -$563K |
|
|
SPWR
1310
DELISTED
SunPower Corporation Common Stock
SPWR
| $5.01M | 0.01% |
996,893
-235,465
| -19% | -$1.29M |
|
|
CHSP
1311
DELISTED
Chesapeake Lodging Trust
CHSP
| $5M | 0.01% |
157,891
+34,835
| +28% | +$1.06M |
|
1312
Power Integrations
POWI
$3.52B
| $4.99M | 0.01% |
136,604
-12,228
| -8% | -$443K |
|
1313
Cable One
CABO
$199M
| $4.99M | 0.01% |
6,800
+800
| +13% | +$543K |
|
1314
Repligen
RGEN
$9.46B
| $4.98M | 0.01% |
105,859
-19,355
| -15% | -$797K |
|
|
ESL
1315
DELISTED
Esterline Technologies
ESL
| $4.98M | 0.01% |
67,476
-11,213
| -14% | -$828K |
|
|
ECOL
1316
DELISTED
US Ecology, Inc.
ECOL
| $4.97M | 0.01% |
78,043
-9,857
| -11% | -$577K |
|
1317
Banner Corp
BANR
$2.48B
| $4.97M | 0.01% |
82,620
+12,011
| +17% | +$706K |
|
1318
Darling Ingredients
DAR
$9.91B
| $4.96M | 0.01% |
249,401
-10,060
| -4% | -$182K |
|
1319
Veeco
VECO
$3.03B
| $4.96M | 0.01% |
347,740
-80,112
| -19% | -$1.33M |
|
1320
Tanger
SKT
$4.47B
| $4.95M | 0.01% |
210,808
-10,110
| -5% | -$222K |
|
1321
Advanced Drainage Systems
WMS
$10.8B
| $4.95M | 0.01% |
173,201
-15,699
| -8% | -$420K |
|
1322
Element Solutions
ESI
$9.21B
| $4.94M | 0.01% |
425,747
-36,996
| -8% | -$403K |
|
1323
LXP Industrial Trust
LXP
$3.58B
| $4.93M | 0.01% |
113,001
-23,651
| -17% | -$981K |
|
1324
HEICO Corp
HEI
$51B
| $4.92M | 0.01% |
67,535
-7,193
| -10% | -$523K |
|
1325
Penske Automotive Group
PAG
$14.3B
| $4.91M | 0.01% |
104,704
+3,757
| +4% | +$177K |
|
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.