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 | |
|---|---|---|---|---|---|---|
1351
Graham Holdings Company
GHC
$4.97B
| $4.74M | 0.01% |
8,186
+215
| +3% | +$122K |
|
1352
Enviri
NVRI
$576M
| $4.73M | 0.01% |
165,652
-12,443
| -7% | -$322K |
|
1353
Northwest Bancshares
NWBI
$2.29B
| $4.71M | 0.01% |
272,136
-47,531
| -15% | -$856K |
|
|
UNVR
1354
DELISTED
Univar Solutions Inc.
UNVR
| $4.71M | 0.01% |
153,500
+30,391
| +25% | +$846K |
|
|
ARRY
1355
DELISTED
Array Biopharma Inc
ARRY
| $4.7M | 0.01% |
309,328
-15,730
| -5% | -$241K |
|
|
KAMN
1356
DELISTED
Kaman Corp
KAMN
| $4.7M | 0.01% |
70,385
-2,241
| -3% | -$148K |
|
1357
MBIA
MBI
$257M
| $4.69M | 0.01% |
438,641
-31,423
| -7% | -$321K |
|
1358
Nelnet
NNI
$4.52B
| $4.69M | 0.01% |
81,968
-4,968
| -6% | -$291K |
|
|
ECYT
1359
DELISTED
Endocyte, Inc. Common Stock
ECYT
| $4.68M | 0.01% |
263,488
+11,173
| +4% | +$192K |
|
1360
FS KKR Capital
FSK
$3.4B
| $4.67M | 0.01% |
165,725
-12,100
| -7% | -$370K |
|
1361
Middlesex Water
MSEX
$1.1B
| $4.66M | 0.01% |
96,331
-8,400
| -8% | -$383K |
|
1362
Caleres
CAL
$484M
| $4.66M | 0.01% |
129,947
-6,333
| -5% | -$227K |
|
1363
Park National Corp
PRK
$3.69B
| $4.65M | 0.01% |
44,079
-1,941
| -4% | -$213K |
|
1364
Capitol Federal Financial
CFFN
$1.09B
| $4.65M | 0.01% |
365,001
-4,718
| -1% | -$62.1K |
|
|
THS
1365
DELISTED
Treehouse Foods
THS
| $4.65M | 0.01% |
97,143
-13,982
| -13% | -$718K |
|
1366
Green Dot
GDOT
$761M
| $4.64M | 0.01% |
52,292
+13,859
| +36% | +$1.15M |
|
1367
SouthState Bank Corp
SSB
$10.7B
| $4.64M | 0.01% |
56,606
-5,036
| -8% | -$425K |
|
|
RAVN
1368
DELISTED
Raven Industries Inc
RAVN
| $4.63M | 0.01% |
101,143
-6,070
| -6% | -$258K |
|
1369
PTC Therapeutics
PTCT
$6.11B
| $4.61M | 0.01% |
98,131
+48,539
| +98% | +$2.01M |
|
|
WW
1370
DELISTED
WW International
WW
| $4.59M | 0.01% |
63,787
+21,063
| +49% | +$1.71M |
|
|
ODP
1371
DELISTED
ODP
ODP
| $4.59M | 0.01% |
142,917
+1,238
| +0.9% | +$37.1K |
|
|
SYKE
1372
DELISTED
SYKES Enterprises Inc
SYKE
| $4.58M | 0.01% |
150,207
-8,398
| -5% | -$250K |
|
|
DO
1373
DELISTED
Diamond Offshore Drilling
DO
| $4.58M | 0.01% |
228,900
-28,207
| -11% | -$518K |
|
1374
Oxford Industries
OXM
$545M
| $4.58M | 0.01% |
50,723
-1,329
| -3% | -$121K |
|
1375
Builders FirstSource
BLDR
$8.01B
| $4.57M | 0.01% |
311,497
-21,609
| -6% | -$366K |
|
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.