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 | |
|---|---|---|---|---|---|---|
|
NAVG
1376
DELISTED
Navigators Group Inc
NAVG
| $4.57M | 0.01% |
66,171
-8,243
| -11% | -$528K |
|
|
SCS
1377
DELISTED
Steelcase
SCS
| $4.56M | 0.01% |
246,710
-11,322
| -4% | -$166K |
|
1378
Dillards
DDS
$10.1B
| $4.56M | 0.01% |
59,717
-7,522
| -11% | -$610K |
|
1379
Dorman Products
DORM
$3.95B
| $4.56M | 0.01% |
59,228
-5,711
| -9% | -$437K |
|
1380
The Ensign Group
ENSG
$10.5B
| $4.55M | 0.01% |
128,419
+9,450
| +8% | +$329K |
|
|
STAY
1381
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $4.55M | 0.01% |
224,800
-14,370
| -6% | -$299K |
|
|
PSXP
1382
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
| $4.54M | 0.01% |
88,796
+10,129
| +13% | +$529K |
|
|
CYBR
1383
DELISTED
CyberArk
CYBR
| $4.53M | 0.01% |
56,756
-1,678
| -3% | -$118K |
|
|
BRKL
1384
DELISTED
Brookline Bancorp
BRKL
| $4.52M | 0.01% |
270,663
-52,487
| -16% | -$950K |
|
1385
Enerpac Tool Group
EPAC
$1.91B
| $4.52M | 0.01% |
161,934
-21,881
| -12% | -$631K |
|
|
CBM
1386
DELISTED
Cambrex Corporation
CBM
| $4.51M | 0.01% |
65,996
-5,751
| -8% | -$355K |
|
|
WBT
1387
DELISTED
Welbilt, Inc.
WBT
| $4.51M | 0.01% |
216,075
-14,300
| -6% | -$315K |
|
1388
Synaptics
SYNA
$4.18B
| $4.51M | 0.01% |
98,836
-899
| -0.9% | -$42.8K |
|
1389
Spectrum Brands
SPB
$2.02B
| $4.5M | 0.01% |
60,272
-1,576
| -3% | -$134K |
|
|
IMMU
1390
DELISTED
Immunomedics Inc
IMMU
| $4.49M | 0.01% |
215,374
+37,099
| +21% | +$879K |
|
|
MRC
1391
DELISTED
MRC Global
MRC
| $4.43M | 0.01% |
236,222
-23,936
| -9% | -$493K |
|
1392
iRhythm Holdings
IRTC
$4.02B
| $4.43M | 0.01% |
46,785
+8,377
| +22% | +$730K |
|
|
TARO
1393
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $4.42M | 0.01% |
44,968
+8,099
| +22% | +$876K |
|
1394
Performance Food Group
PFGC
$17.9B
| $4.42M | 0.01% |
132,640
-6,452
| -5% | -$227K |
|
|
ASNA
1395
DELISTED
Ascena Retail Group, Inc.
ASNA
| $4.39M | 0.01% |
48,034
-1,632
| -3% | -$135K |
|
|
FLOW
1396
DELISTED
SPX FLOW, Inc.
FLOW
| $4.39M | 0.01% |
84,403
-9,545
| -10% | -$451K |
|
1397
LXP Industrial Trust
LXP
$3.58B
| $4.39M | 0.01% |
105,744
-7,257
| -6% | -$317K |
|
|
SPWR
1398
DELISTED
SunPower Corporation Common Stock
SPWR
| $4.38M | 0.01% |
916,316
-80,577
| -8% | -$382K |
|
1399
Darling Ingredients
DAR
$9.84B
| $4.38M | 0.01% |
226,724
-22,677
| -9% | -$447K |
|
1400
CareDx
CDNA
$2.44B
| $4.37M | 0.01% |
151,354
+24,130
| +19% | +$452K |
|
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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.