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 | |
|---|---|---|---|---|---|---|
|
TUP
1401
DELISTED
Tupperware Brands Corporation
TUP
| $3.24M | ﹤0.01% |
102,738
-860
| -0.8% | -$29.9K |
|
|
VNE
1402
DELISTED
Veoneer, Inc.
VNE
| $3.24M | ﹤0.01% |
137,538
-14,302
| -9% | -$503K |
|
1403
World Kinect Corp
WKC
$1.91B
| $3.24M | ﹤0.01% |
151,234
+3,471
| +2% | +$91.4K |
|
1404
Fox Factory Holding Corp
FOXF
$911M
| $3.24M | ﹤0.01% |
54,987
+3,003
| +6% | +$187K |
|
1405
SiteOne Landscape Supply
SITE
$4.33B
| $3.24M | ﹤0.01% |
58,572
+37,653
| +180% | +$2.36M |
|
|
POLY
1406
DELISTED
Plantronics, Inc.
POLY
| $3.23M | ﹤0.01% |
97,438
-6,212
| -6% | -$307K |
|
|
AVX
1407
DELISTED
AVX Corporation
AVX
| $3.22M | ﹤0.01% |
211,204
+73,966
| +54% | +$1.19M |
|
1408
Aaon
AAON
$7.07B
| $3.22M | ﹤0.01% |
137,672
-9,127
| -6% | -$219K |
|
|
MDR
1409
DELISTED
McDermott International
MDR
| $3.22M | ﹤0.01% |
491,686
+76,905
| +19% | +$812K |
|
|
CSGS
1410
DELISTED
CSG Systems International
CSGS
| $3.21M | ﹤0.01% |
101,175
+16,577
| +20% | +$582K |
|
|
CATM
1411
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $3.21M | ﹤0.01% |
123,594
-32,725
| -21% | -$991K |
|
|
PDCE
1412
DELISTED
PDC Energy, Inc.
PDCE
| $3.21M | ﹤0.01% |
107,901
-9,700
| -8% | -$390K |
|
|
BRKL
1413
DELISTED
Brookline Bancorp
BRKL
| $3.2M | ﹤0.01% |
231,403
-39,260
| -15% | -$592K |
|
1414
Q2 Holdings
QTWO
$3.96B
| $3.18M | ﹤0.01% |
64,213
+50,941
| +384% | +$2.6M |
|
1415
Casella Waste Systems
CWST
$5.89B
| $3.18M | ﹤0.01% |
111,491
-6,843
| -6% | -$208K |
|
1416
Builders FirstSource
BLDR
$8.03B
| $3.17M | ﹤0.01% |
290,638
-20,859
| -7% | -$262K |
|
1417
PTC Therapeutics
PTCT
$6.14B
| $3.17M | ﹤0.01% |
92,302
-5,829
| -6% | -$210K |
|
1418
Varonis Systems
VRNS
$4.81B
| $3.17M | ﹤0.01% |
179,478
+25,311
| +16% | +$499K |
|
1419
Axos Financial
AX
$5.71B
| $3.16M | ﹤0.01% |
125,338
-35,814
| -22% | -$1.08M |
|
1420
Nomad Foods
NOMD
$1.6B
| $3.15M | ﹤0.01% |
188,367
+176
| +0.1% | +$3.35K |
|
1421
8x8 Inc
EGHT
$308M
| $3.14M | ﹤0.01% |
174,107
-25,697
| -13% | -$472K |
|
1422
Independent Bank
INDB
$4.02B
| $3.13M | ﹤0.01% |
44,516
-1,686
| -4% | -$131K |
|
|
ENDP
1423
DELISTED
Endo International plc
ENDP
| $3.13M | ﹤0.01% |
428,608
-12,047
| -3% | -$165K |
|
1424
Liberty Broadband Class A
LBRDA
$5.29B
| $3.12M | ﹤0.01% |
43,480
-14,825
| -25% | -$1.19M |
|
1425
PENN Entertainment
PENN
$2.57B
| $3.12M | ﹤0.01% |
165,791
+5,130
| +3% | +$122K |
|
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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.