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 | |
|---|---|---|---|---|---|---|
1351
NETGEAR
NTGR
$648M
| $4.61M | 0.01% |
73,679
-16,998
| -19% | -$1.03M |
|
1352
Renasant Corp
RNST
$3.92B
| $4.59M | 0.01% |
100,798
+21,013
| +26% | +$978K |
|
1353
Monro
MNRO
$365M
| $4.58M | 0.01% |
78,777
-7,169
| -8% | -$405K |
|
|
SAFM
1354
DELISTED
Sanderson Farms Inc
SAFM
| $4.57M | 0.01% |
43,494
-7,115
| -14% | -$772K |
|
|
SYKE
1355
DELISTED
SYKES Enterprises Inc
SYKE
| $4.57M | 0.01% |
158,605
+5,657
| +4% | +$162K |
|
1356
Simmons First National
SFNC
$3.42B
| $4.56M | 0.01% |
152,567
+27,037
| +22% | +$825K |
|
1357
The Greenbrier Companies
GBX
$1.43B
| $4.56M | 0.01% |
86,381
+11,429
| +15% | +$546K |
|
1358
Compañía de Minas Buenaventura
BVN
$8.84B
| $4.54M | 0.01% |
333,158
+113,315
| +52% | +$1.77M |
|
1359
Atlantic Union Bankshares
AUB
$6.02B
| $4.54M | 0.01% |
116,639
+9,139
| +9% | +$360K |
|
1360
Invesco Mortgage Capital
IVR
$802M
| $4.53M | 0.01% |
28,512
-7,723
| -21% | -$1.25M |
|
|
MDCO
1361
DELISTED
Medicines Co
MDCO
| $4.53M | 0.01% |
123,500
-33,100
| -21% | -$1.08M |
|
|
EE
1362
DELISTED
El Paso Electric Company
EE
| $4.52M | 0.01% |
76,427
-20,592
| -21% | -$1.12M |
|
|
DENN
1363
DELISTED
Denny's
DENN
| $4.51M | 0.01% |
282,921
-35,057
| -11% | -$557K |
|
|
AFSI
1364
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $4.51M | 0.01% |
309,340
-30,075
| -9% | -$405K |
|
1365
United Parks & Resorts
PRKS
$2B
| $4.49M | 0.01% |
205,593
-8,994
| -4% | -$159K |
|
1366
Kratos Defense & Security Solutions
KTOS
$12B
| $4.48M | 0.01% |
389,400
-77,700
| -17% | -$856K |
|
1367
Central Pacific Financial
CPF
$996M
| $4.47M | 0.01% |
156,206
-5,748
| -4% | -$170K |
|
1368
LiveRamp
RAMP
$2.3B
| $4.47M | 0.01% |
149,358
-11,225
| -7% | -$307K |
|
1369
United Natural Foods
UNFI
$2.86B
| $4.47M | 0.01% |
104,728
-13,795
| -12% | -$609K |
|
|
GLUU
1370
DELISTED
Glu Mobile Inc.
GLUU
| $4.47M | 0.01% |
696,801
-212,185
| -23% | -$1.1M |
|
|
GES
1371
DELISTED
Guess Inc
GES
| $4.44M | 0.01% |
207,473
-105,306
| -34% | -$2.42M |
|
1372
Dorman Products
DORM
$3.95B
| $4.44M | 0.01% |
64,939
-5,184
| -7% | -$349K |
|
1373
ATI
ATI
$31.3B
| $4.42M | 0.01% |
176,094
-9,806
| -5% | -$265K |
|
1374
Middlesex Water
MSEX
$1.1B
| $4.42M | 0.01% |
104,731
-16,569
| -14% | -$687K |
|
|
TCP
1375
DELISTED
TC Pipelines LP
TCP
| $4.41M | 0.01% |
169,953
+54,614
| +47% | +$1.53M |
|
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.