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 | |
|---|---|---|---|---|---|---|
|
LEXEA
1401
DELISTED
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
| $4.36M | 0.01% |
92,761
-5,234
| -5% | -$245K |
|
1402
Copa Holdings
CPA
$5.49B
| $4.36M | 0.01% |
54,607
-4,734
| -8% | -$415K |
|
1403
Cogent Communications
CCOI
$554M
| $4.34M | 0.01% |
77,823
+2,333
| +3% | +$125K |
|
1404
Novanta
NOVT
$6.34B
| $4.34M | 0.01% |
63,427
+17,941
| +39% | +$1.26M |
|
1405
Papa John's
PZZA
$801M
| $4.31M | 0.01% |
84,127
-6,945
| -8% | -$321K |
|
1406
PagSeguro Digital
PAGS
$2.48B
| $4.31M | 0.01% |
155,800
-32,500
| -17% | -$884K |
|
|
WMGI
1407
DELISTED
Wright Medical Group Inc
WMGI
| $4.31M | 0.01% |
148,427
-12,776
| -8% | -$344K |
|
1408
HUB Group
HUBG
$2.32B
| $4.3M | 0.01% |
188,552
-5,510
| -3% | -$137K |
|
1409
Invesco Mortgage Capital
IVR
$802M
| $4.29M | 0.01% |
27,108
-1,404
| -5% | -$227K |
|
|
DENN
1410
DELISTED
Denny's
DENN
| $4.28M | 0.01% |
291,030
+8,109
| +3% | +$123K |
|
|
CSOD
1411
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $4.28M | 0.01% |
75,423
-6,651
| -8% | -$359K |
|
1412
Franklin Electric
FELE
$4.77B
| $4.26M | 0.01% |
90,126
-5,079
| -5% | -$244K |
|
1413
8x8 Inc
EGHT
$309M
| $4.25M | 0.01% |
199,804
+8,135
| +4% | +$177K |
|
|
AFSI
1414
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $4.24M | 0.01% |
292,192
-17,148
| -6% | -$250K |
|
1415
Renasant Corp
RNST
$3.92B
| $4.24M | 0.01% |
102,867
+2,069
| +2% | +$93.7K |
|
1416
Tanger
SKT
$4.43B
| $4.23M | 0.01% |
185,054
-25,754
| -12% | -$609K |
|
1417
Azenta
AZTA
$1.54B
| $4.23M | 0.01% |
120,801
-14,204
| -11% | -$467K |
|
|
AKS
1418
DELISTED
AK Steel Holding Corp
AKS
| $4.23M | 0.01% |
863,354
+232,167
| +37% | +$1.06M |
|
1419
QuidelOrtho
QDEL
$959M
| $4.23M | 0.01% |
64,899
+8,302
| +15% | +$580K |
|
1420
Rogers Corp
ROG
$2.41B
| $4.22M | 0.01% |
28,662
-2,609
| -8% | -$343K |
|
|
AY
1421
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $4.22M | 0.01% |
204,913
+177,776
| +655% | +$3.65M |
|
|
ECHO
1422
EchoStar
ECHO
$25.6B
| $4.21M | 0.01% |
112,035
-7,769
| -6% | -$296K |
|
1423
Children's Place
PLCE
$56.3M
| $4.2M | 0.01% |
32,830
-2,032
| -6% | -$260K |
|
1424
Genesco
GCO
$409M
| $4.19M | 0.01% |
88,912
+46
| +0.1% | +$2.01K |
|
|
PINC
1425
DELISTED
Premier
PINC
| $4.18M | 0.01% |
91,329
-10,239
| -10% | -$413K |
|
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.