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 | |
|---|---|---|---|---|---|---|
1401
Fabrinet
FN
$18.8B
| $4.26M | 0.01% |
115,509
-17,169
| -13% | -$587K |
|
1402
MBIA
MBI
$253M
| $4.25M | 0.01% |
470,064
-207,936
| -31% | -$1.88M |
|
|
NAVG
1403
DELISTED
Navigators Group Inc
NAVG
| $4.24M | 0.01% |
74,414
-2,421
| -3% | -$141K |
|
|
BECN
1404
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $4.24M | 0.01% |
99,387
-4,221
| -4% | -$194K |
|
1405
Ironwood Pharmaceuticals
IRWD
$711M
| $4.22M | 0.01% |
263,665
-1,164
| -0.4% | -$17.2K |
|
|
IMMU
1406
DELISTED
Immunomedics Inc
IMMU
| $4.22M | 0.01% |
178,275
+23,552
| +15% | +$473K |
|
1407
Lithia Motors
LAD
$8.32B
| $4.21M | 0.01% |
44,560
+11,182
| +34% | +$1.11M |
|
1408
Children's Place
PLCE
$56.3M
| $4.21M | 0.01% |
34,862
-3,615
| -9% | -$468K |
|
|
BPFH
1409
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $4.21M | 0.01% |
264,814
+31,285
| +13% | +$514K |
|
1410
Pilgrim's Pride
PPC
$6.4B
| $4.21M | 0.01% |
208,911
-6,696
| -3% | -$144K |
|
|
FOLD
1411
DELISTED
Amicus Therapeutics
FOLD
| $4.19M | 0.01% |
268,498
+57,727
| +27% | +$873K |
|
|
WPG
1412
DELISTED
Washington Prime Group Inc.
WPG
| $4.19M | 0.01% |
57,423
-21,291
| -27% | -$1.38M |
|
|
WMGI
1413
DELISTED
Wright Medical Group Inc
WMGI
| $4.18M | 0.01% |
161,203
-25,807
| -14% | -$590K |
|
|
PRA
1414
DELISTED
ProAssurance
PRA
| $4.18M | 0.01% |
117,812
-18,379
| -13% | -$768K |
|
|
TVPT
1415
DELISTED
Travelport Worldwide Limited
TVPT
| $4.17M | 0.01% |
225,192
-42,395
| -16% | -$742K |
|
1416
Stepan Co
SCL
$1.48B
| $4.17M | 0.01% |
53,512
+8,904
| +20% | +$680K |
|
1417
PRA Group
PRAA
$706M
| $4.16M | 0.01% |
108,020
-17,217
| -14% | -$664K |
|
1418
Puma Biotechnology
PBYI
$453M
| $4.16M | 0.01% |
70,300
-35,000
| -33% | -$2.03M |
|
1419
Prestige Consumer Healthcare
PBH
$2.54B
| $4.16M | 0.01% |
108,300
-15,868
| -13% | -$535K |
|
1420
First Commonwealth Financial
FCF
$2.18B
| $4.15M | 0.01% |
267,545
+39,648
| +17% | +$610K |
|
1421
Main Street Capital
MAIN
$5.52B
| $4.14M | 0.01% |
108,916
-12,029
| -10% | -$458K |
|
|
CATM
1422
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $4.14M | 0.01% |
171,239
+5,040
| +3% | +$131K |
|
1423
Matsons
MATX
$6.11B
| $4.14M | 0.01% |
107,836
+14,832
| +16% | +$492K |
|
|
MINI
1424
DELISTED
Mobile Mini Inc
MINI
| $4.14M | 0.01% |
88,191
-5,875
| -6% | -$265K |
|
1425
GeoPark
GPRK
$604M
| $4.13M | 0.01% |
200,909
-59,951
| -23% | -$947K |
|
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.