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 | |
|---|---|---|---|---|---|---|
1376
Pilgrim's Pride
PPC
$6.4B
| $3.31M | ﹤0.01% |
130,393
-2,989
| -2% | -$77.4K |
|
|
XHR
1377
Xenia Hotels & Resorts
XHR
$1.72B
| $3.31M | ﹤0.01% |
158,576
-57,664
| -27% | -$1.25M |
|
|
BRKL
1378
DELISTED
Brookline Bancorp
BRKL
| $3.31M | ﹤0.01% |
214,919
-29,925
| -12% | -$447K |
|
1379
CSP Inc
CSPI
$84.6M
| $3.3M | ﹤0.01% |
432,906
| – | – |
|
1380
Four Corners Property Trust
FCPT
$2.69B
| $3.3M | ﹤0.01% |
120,731
+10,870
| +10% | +$311K |
|
1381
Builders FirstSource
BLDR
$8.08B
| $3.3M | ﹤0.01% |
195,522
-86,734
| -31% | -$1.3M |
|
|
CEQP
1382
DELISTED
Crestwood Equity Partners LP
CEQP
| $3.27M | ﹤0.01% |
91,469
+608
| +0.7% | +$21.8K |
|
|
ARI
1383
Apollo Commercial Real Estate
ARI
$880M
| $3.27M | ﹤0.01% |
177,813
+47,229
| +36% | +$879K |
|
1384
BioXcel Therapeutics
BTAI
$28.8M
| $3.27M | ﹤0.01% |
18,650
| – | – |
|
1385
Ligand Pharmaceuticals
LGND
$5.76B
| $3.27M | ﹤0.01% |
45,862
-2,310
| -5% | -$170K |
|
1386
WesBanco
WSBC
$4.05B
| $3.26M | ﹤0.01% |
84,669
+6,179
| +8% | +$238K |
|
1387
Carlyle Group
CG
$17.4B
| $3.26M | ﹤0.01% |
144,211
-7,690
| -5% | -$158K |
|
1388
Radware
RDWR
$1.2B
| $3.26M | ﹤0.01% |
131,736
-42,292
| -24% | -$1.06M |
|
|
CSFL
1389
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $3.25M | ﹤0.01% |
141,307
+33,718
| +31% | +$791K |
|
1390
DHT Holdings
DHT
$2.93B
| $3.25M | ﹤0.01% |
549,358
-43,000
| -7% | -$234K |
|
1391
Amkor Technology
AMKR
$13.5B
| $3.24M | ﹤0.01% |
434,814
-96,890
| -18% | -$758K |
|
1392
Moelis & Co
MC
$4.93B
| $3.24M | ﹤0.01% |
92,752
-4,976
| -5% | -$180K |
|
1393
Invesco Mortgage Capital
IVR
$802M
| $3.22M | ﹤0.01% |
19,995
-2,525
| -11% | -$407K |
|
|
MBT
1394
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $3.21M | ﹤0.01% |
345,310
-63,166
| -15% | -$515K |
|
1395
Saia
SAIA
$9.52B
| $3.19M | ﹤0.01% |
49,409
-3,589
| -7% | -$230K |
|
1396
Upbound Group
UPBD
$1.11B
| $3.18M | ﹤0.01% |
119,428
+7,335
| +7% | +$174K |
|
1397
California Water Service
CWT
$3.09B
| $3.17M | ﹤0.01% |
62,658
-3,027
| -5% | -$152K |
|
1398
Oceaneering
OII
$5.05B
| $3.17M | ﹤0.01% |
155,581
-50,649
| -25% | -$897K |
|
|
ATRI
1399
DELISTED
Atrion Corp
ATRI
| $3.16M | ﹤0.01% |
3,705
+459
| +14% | +$406K |
|
1400
Box
BOX
$4.55B
| $3.16M | ﹤0.01% |
179,273
-31,815
| -15% | -$609K |
|
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.