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 |
PepsiCo
PEP
|
+$196M |
| 2 |
Coca-Cola
KO
|
+$195M |
| 3 |
NextEra Energy
NEE
|
+$108M |
| 4 |
McDonald's
MCD
|
+$99.5M |
| 5 |
Newmont
NEM
|
+$97.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apollo Global Management
APO
|
+$475M |
| 2 |
Apple
AAPL
|
+$244M |
| 3 |
Microsoft
MSFT
|
+$198M |
| 4 |
JPMorgan Chase
JPM
|
+$132M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$99.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.05% |
| 2 | Financials | 14.87% |
| 3 | Healthcare | 13.45% |
| 4 | Consumer Discretionary | 9.92% |
| 5 | Consumer Staples | 9.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1301
Nu Skin
NUS
$236M
| $3.73M | ﹤0.01% |
75,678
-6,951
| -8% | -$353K |
|
|
KAMN
1302
DELISTED
Kaman Corp
KAMN
| $3.72M | ﹤0.01% |
58,446
-3,071
| -5% | -$184K |
|
1303
DNOW Inc
DNOW
$3.01B
| $3.71M | ﹤0.01% |
251,605
-55,113
| -18% | -$788K |
|
1304
Nutanix
NTNX
$17.4B
| $3.71M | ﹤0.01% |
142,900
-20,410
| -12% | -$711K |
|
1305
eHealth
EHTH
$39.1M
| $3.7M | ﹤0.01% |
42,964
-17,867
| -29% | -$1.2M |
|
1306
Lattice Semiconductor
LSCC
$17.9B
| $3.7M | ﹤0.01% |
253,310
+33,005
| +15% | +$440K |
|
1307
Enviri
NVRI
$566M
| $3.69M | ﹤0.01% |
134,428
-9,565
| -7% | -$234K |
|
|
PCH
1308
DELISTED
PotlatchDeltic
PCH
| $3.69M | ﹤0.01% |
94,649
+6,323
| +7% | +$238K |
|
|
TCP
1309
DELISTED
TC Pipelines LP
TCP
| $3.69M | ﹤0.01% |
97,991
-32,427
| -25% | -$1.18M |
|
1310
NMI Holdings
NMIH
$3.34B
| $3.69M | ﹤0.01% |
129,812
+7,324
| +6% | +$204K |
|
1311
Mueller Industries
MLI
$15.1B
| $3.68M | ﹤0.01% |
503,428
-136,432
| -21% | -$997K |
|
1312
Provident Financial Services
PFS
$3.23B
| $3.68M | ﹤0.01% |
151,879
-28,325
| -16% | -$717K |
|
|
BEAT
1313
DELISTED
BioTelemetry, Inc.
BEAT
| $3.68M | ﹤0.01% |
76,444
-7,676
| -9% | -$404K |
|
1314
W&T Offshore
WTI
$575M
| $3.68M | ﹤0.01% |
741,092
-151,069
| -17% | -$814K |
|
|
DCP
1315
DELISTED
DCP Midstream, LP
DCP
| $3.67M | ﹤0.01% |
125,238
-13,867
| -10% | -$433K |
|
1316
Coherent
COHR
$64.3B
| $3.67M | ﹤0.01% |
100,262
-2,846
| -3% | -$104K |
|
|
BECN
1317
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $3.65M | ﹤0.01% |
99,543
+19,188
| +24% | +$695K |
|
1318
Enpro
NPO
$7.12B
| $3.65M | ﹤0.01% |
57,121
-1,321
| -2% | -$86.3K |
|
1319
uniQure
QURE
$3.12B
| $3.65M | ﹤0.01% |
46,635
-1,051
| -2% | -$67K |
|
1320
Valhi
VHI
$463M
| $3.65M | ﹤0.01% |
102,275
| – | – |
|
1321
Prospect Capital
PSEC
$1.14B
| $3.64M | ﹤0.01% |
557,100
-24,100
| -4% | -$159K |
|
1322
Allegiant Air
ALGT
$2.37B
| $3.64M | ﹤0.01% |
25,343
-8,014
| -24% | -$1.12M |
|
1323
Sprouts Farmers Market
SFM
$7.87B
| $3.64M | ﹤0.01% |
192,538
-91,121
| -32% | -$1.9M |
|
1324
Plexus
PLXS
$7.2B
| $3.63M | ﹤0.01% |
62,216
-19,981
| -24% | -$1.15M |
|
1325
8x8 Inc
EGHT
$309M
| $3.63M | ﹤0.01% |
150,672
-15,785
| -9% | -$367K |
|
Similar funds
California Public Employees Retirement System's Q2 2019 Portfolio in Review
As of Q2 2019, California Public Employees Retirement System held 3,341 positions worth $84.7B, up 4.4% from $81.2B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System's Q2 2019 filing shows 131 new, 874 increased, 1,775 reduced and 77 closed positions. Its largest new stake was Dow Inc: 1,160,686 shares worth $57.2M. The largest sale was Apollo Global Management, an estimated $475M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 17% a quarter earlier, followed by Financials and Healthcare.
- California Public Employees Retirement System's largest Q2 2019 buy was Dow Inc: 1,160,686 shares worth $57.2M.
- California Public Employees Retirement System added most to PepsiCo in Q2 2019, an estimated $196M increase.
- California Public Employees Retirement System's biggest Q2 2019 reduction was Apollo Global Management, cutting an estimated $475M.
- California Public Employees Retirement System fully exited Ultimate Software Group Inc in Q2 2019, selling an estimated $21.4M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $84.7B portfolio in Q2 2019.
- California Public Employees Retirement System opened 131 new positions and closed 77 in Q2 2019.
- California Public Employees Retirement System's portfolio value rose 4.4% quarter-over-quarter to $84.7B.
Based on California Public Employees Retirement System's 13F filing for Q2 2019, filed 15 Aug 2019.