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 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$296M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$240M |
| 3 |
JOBS
51job Inc
JOBS
|
+$22.5M |
| 4 |
Intel
INTC
|
+$22.1M |
| 5 |
WP
Worldpay, Inc.
WP
|
+$21.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$334M |
| 2 |
Amazon
AMZN
|
+$151M |
| 3 |
Johnson & Johnson
JNJ
|
+$80M |
| 4 |
Microsoft
MSFT
|
+$69.8M |
| 5 |
Meta Platforms (Facebook)
META
|
+$65.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.47% |
| 2 | Technology | 16.8% |
| 3 | Healthcare | 12.75% |
| 4 | Industrials | 10.63% |
| 5 | Consumer Discretionary | 10.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AFSI
1426
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $4.18M | 0.01% |
339,415
-2,585
| -0.8% | -$32.4K |
|
|
UNIT
1427
Uniti Group
UNIT
$2.38B
| $4.17M | 0.01% |
256,581
+11,201
| +5% | +$180K |
|
|
CYS
1428
DELISTED
CYS Investments Inc.
CYS
| $4.17M | 0.01% |
619,968
-118,633
| -16% | -$816K |
|
|
HEES
1429
DELISTED
H&E Equipment Services
HEES
| $4.16M | 0.01% |
108,193
-26,418
| -20% | -$1.04M |
|
1430
Fabrinet
FN
$20.3B
| $4.16M | 0.01% |
132,678
-6,000
| -4% | -$177K |
|
|
RAVN
1431
DELISTED
Raven Industries Inc
RAVN
| $4.16M | 0.01% |
118,748
-4,176
| -3% | -$149K |
|
1432
Franklin Electric
FELE
$4.68B
| $4.16M | 0.01% |
102,014
-25,650
| -20% | -$1.1M |
|
|
AAWW
1433
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $4.15M | 0.01% |
68,601
-9,339
| -12% | -$553K |
|
1434
Cable One
CABO
$206M
| $4.12M | 0.01% |
6,000
-1,105
| -16% | -$774K |
|
1435
Clearwater Paper
CLW
$354M
| $4.12M | 0.01% |
105,460
-5,733
| -5% | -$238K |
|
1436
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.8B
| $4.11M | 0.01% |
35,017
+15,294
| +78% | +$1.81M |
|
|
AMED
1437
DELISTED
Amedisys
AMED
| $4.1M | 0.01% |
67,994
-4,779
| -7% | -$272K |
|
|
KAMN
1438
DELISTED
Kaman Corp
KAMN
| $4.09M | 0.01% |
65,884
+10,090
| +18% | +$619K |
|
|
CCT
1439
DELISTED
Corporate Capital Trust, Inc.
CCT
| $4.09M | 0.01% |
242,200
-11,636
| -5% | -$186K |
|
|
MINI
1440
DELISTED
Mobile Mini Inc
MINI
| $4.09M | 0.01% |
94,066
-3,691
| -4% | -$150K |
|
1441
Westamerica Bancorp
WABC
$1.39B
| $4.08M | 0.01% |
70,323
-13,963
| -17% | -$828K |
|
1442
Interface
TILE
$2.24B
| $4.08M | 0.01% |
161,694
-5,297
| -3% | -$131K |
|
1443
Radware
RDWR
$1.25B
| $4.07M | 0.01% |
190,400
| – | – |
|
1444
World Kinect Corp
WKC
$1.9B
| $4.06M | 0.01% |
165,560
-20,367
| -11% | -$524K |
|
1445
Community Bank
CBU
$3.46B
| $4.06M | 0.01% |
75,808
-2,963
| -4% | -$161K |
|
1446
Anika Therapeutics
ANIK
$283M
| $4.03M | 0.01% |
81,026
+4,915
| +6% | +$278K |
|
|
ELME
1447
Elme Communities
ELME
$144M
| $4.01M | 0.01% |
146,880
-12,325
| -8% | -$337K |
|
|
OSG
1448
Octave Specialty Group
OSG
$212M
| $4.01M | 0.01% |
255,630
-59,394
| -19% | -$918K |
|
|
TCP
1449
DELISTED
TC Pipelines LP
TCP
| $4M | 0.01% |
115,339
+17,047
| +17% | +$841K |
|
|
DCP
1450
DELISTED
DCP Midstream, LP
DCP
| $4M | 0.01% |
113,900
-5,500
| -5% | -$209K |
|
Similar funds
California Public Employees Retirement System's Q1 2018 Portfolio in Review
As of Q1 2018, California Public Employees Retirement System held 3,399 positions worth $70.2B, down 5.1% from $74B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
California Public Employees Retirement System withdrew a net $2.88B in Q1 2018, closing 114 positions and reducing 1,632 holdings. Its most notable exit was Scripps Networks Interactive, Inc Common Class A, an estimated $21M position sold in full.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
Against the trend, California Public Employees Retirement System opened a new position in GCI Liberty, Inc. Class A Common Stock (DE) worth $15.4M.
- California Public Employees Retirement System's largest Q1 2018 buy was GCI Liberty, Inc. Class A Common Stock (DE): 291,278 shares worth $15.4M.
- California Public Employees Retirement System added most to Athene Holding Ltd. Class A Common Shares in Q1 2018, an estimated $296M increase.
- California Public Employees Retirement System's biggest Q1 2018 reduction was Alphabet (Google) Class C, cutting an estimated $334M.
- California Public Employees Retirement System fully exited Scripps Networks Interactive, Inc Common Class A in Q1 2018, selling an estimated $21M.
- California Public Employees Retirement System's ten largest holdings make up 16% of its $70.2B portfolio in Q1 2018.
- California Public Employees Retirement System opened 83 new positions and closed 114 in Q1 2018.
- California Public Employees Retirement System's portfolio value fell 5.1% quarter-over-quarter to $70.2B.
Based on California Public Employees Retirement System's 13F filing for Q1 2018, filed 11 May 2018.