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 | |
|---|---|---|---|---|---|---|
|
GHDX
1351
DELISTED
Genomic Health, Inc.
GHDX
| $3.46M | ﹤0.01% |
53,785
+32
| +0.1% | +$2.24K |
|
|
VRE
1352
DELISTED
Veris Residential
VRE
| $3.46M | ﹤0.01% |
176,607
-11,873
| -6% | -$243K |
|
1353
Hilltop Holdings
HTH
$2.25B
| $3.46M | ﹤0.01% |
193,944
+27,820
| +17% | +$527K |
|
|
RAVN
1354
DELISTED
Raven Industries Inc
RAVN
| $3.45M | ﹤0.01% |
95,423
-5,720
| -6% | -$238K |
|
1355
Tanger
SKT
$4.46B
| $3.44M | ﹤0.01% |
170,191
-14,863
| -8% | -$334K |
|
|
CZR
1356
DELISTED
Caesars Entertainment Corporation
CZR
| $3.44M | ﹤0.01% |
506,800
-49,100
| -9% | -$414K |
|
|
MGLN
1357
DELISTED
Magellan Health Services, Inc.
MGLN
| $3.43M | ﹤0.01% |
60,284
-18,490
| -23% | -$1.14M |
|
1358
Groupon
GRPN
$884M
| $3.43M | ﹤0.01% |
53,557
-1,423
| -3% | -$91.6K |
|
1359
Boston Beer
SAM
$1.83B
| $3.42M | ﹤0.01% |
14,186
-98
| -0.7% | -$27.4K |
|
1360
Huron Consulting
HURN
$2.46B
| $3.41M | ﹤0.01% |
66,527
+7,142
| +12% | +$363K |
|
1361
Dillards
DDS
$10B
| $3.41M | ﹤0.01% |
56,569
-3,148
| -5% | -$216K |
|
1362
Unisys
UIS
$208M
| $3.41M | ﹤0.01% |
293,244
-2,573
| -0.9% | -$40.5K |
|
|
STAY
1363
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $3.41M | ﹤0.01% |
219,963
-4,837
| -2% | -$85.2K |
|
1364
Belden
BDC
$5.3B
| $3.41M | ﹤0.01% |
81,599
-684
| -0.8% | -$37.2K |
|
|
SPWR
1365
DELISTED
SunPower Corporation Common Stock
SPWR
| $3.4M | ﹤0.01% |
1,045,845
+129,529
| +14% | +$538K |
|
1366
Central Pacific Financial
CPF
$1B
| $3.4M | ﹤0.01% |
139,725
-8,335
| -6% | -$219K |
|
1367
Cogent Communications
CCOI
$528M
| $3.4M | ﹤0.01% |
75,226
-2,597
| -3% | -$129K |
|
|
SNBR
1368
DELISTED
Sleep Number
SNBR
| $3.4M | ﹤0.01% |
107,011
-3,101
| -3% | -$110K |
|
1369
Coherent
COHR
$63.9B
| $3.39M | ﹤0.01% |
104,552
-5,125
| -5% | -$191K |
|
1370
Lithia Motors
LAD
$8.36B
| $3.38M | ﹤0.01% |
44,317
-5,394
| -11% | -$427K |
|
1371
First Merchants
FRME
$2.68B
| $3.38M | ﹤0.01% |
98,523
-7,371
| -7% | -$299K |
|
|
TCS
1372
DELISTED
THE CONTAINER STORE GROUP, INC.
TCS
| $3.38M | ﹤0.01% |
47,184
+544
| +1% | +$57.2K |
|
1373
ATI
ATI
$31.2B
| $3.36M | ﹤0.01% |
154,297
-12,800
| -8% | -$332K |
|
1374
Cooper-Standard Automotive
CPS
$499M
| $3.36M | ﹤0.01% |
54,052
+11,224
| +26% | +$906K |
|
1375
Arrowhead Research
ARWR
$12.8B
| $3.36M | ﹤0.01% |
270,210
-18,000
| -6% | -$246K |
|
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.