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 |
Walt Disney
DIS
|
+$135M |
| 2 |
Coca-Cola
KO
|
+$126M |
| 3 |
PepsiCo
PEP
|
+$122M |
| 4 |
Procter & Gamble
PG
|
+$102M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$101M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$292M |
| 2 |
Mastercard
MA
|
+$244M |
| 3 |
Apple
AAPL
|
+$197M |
| 4 |
RTN
Raytheon Company
RTN
|
+$143M |
| 5 |
Northrop Grumman
NOC
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.56% |
| 2 | Financials | 15.24% |
| 3 | Healthcare | 13.8% |
| 4 | Consumer Discretionary | 10% |
| 5 | Industrials | 8.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1426
BGC Group
BGC
$5.2B
| $3.35M | ﹤0.01% |
630,774
-159,655
| -20% | -$950K |
|
|
GCI
1427
DELISTED
Gannett Co., Inc
GCI
| $3.35M | ﹤0.01% |
317,461
+5,978
| +2% | +$64.6K |
|
|
PCH
1428
DELISTED
PotlatchDeltic
PCH
| $3.34M | ﹤0.01% |
88,326
-4,312
| -5% | -$154K |
|
|
HF
1429
DELISTED
HFF Inc.
HF
| $3.34M | ﹤0.01% |
69,858
-2,577
| -4% | -$110K |
|
|
MDRX
1430
DELISTED
Veradigm Inc. Common Stock
MDRX
| $3.33M | ﹤0.01% |
349,266
-29,926
| -8% | -$331K |
|
|
WLL
1431
DELISTED
Whiting Petroleum Corporation
WLL
| $3.33M | ﹤0.01% |
1,699
-118
| -6% | -$238K |
|
1432
ADT
ADT
$5.45B
| $3.33M | ﹤0.01% |
520,497
-557,200
| -52% | -$4.02M |
|
|
DLPH
1433
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
| $3.32M | ﹤0.01% |
172,494
-13,173
| -7% | -$244K |
|
|
EE
1434
DELISTED
El Paso Electric Company
EE
| $3.32M | ﹤0.01% |
56,370
-9,179
| -14% | -$495K |
|
|
ALEX
1435
DELISTED
Alexander & Baldwin
ALEX
| $3.31M | ﹤0.01% |
130,292
+21,892
| +20% | +$503K |
|
1436
MongoDB
MDB
$37.8B
| $3.31M | ﹤0.01% |
22,534
+12,294
| +120% | +$1.26M |
|
|
ELME
1437
Elme Communities
ELME
$144M
| $3.3M | ﹤0.01% |
116,370
-12,611
| -10% | -$328K |
|
1438
Stepan Co
SCL
$1.48B
| $3.3M | ﹤0.01% |
37,744
-9,431
| -20% | -$818K |
|
1439
Enanta Pharmaceuticals
ENTA
$392M
| $3.3M | ﹤0.01% |
34,569
-400
| -1% | -$35.9K |
|
1440
Federal Agricultural Mortgage
AGM
$2.54B
| $3.3M | ﹤0.01% |
45,518
+769
| +2% | +$56.1K |
|
|
DOC
1441
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $3.29M | ﹤0.01% |
174,895
+17,647
| +11% | +$314K |
|
1442
Huazhu Hotels Group
HTHT
$12.5B
| $3.28M | ﹤0.01% |
77,815
-44,229
| -36% | -$1.51M |
|
1443
Cal-Maine
CALM
$3.9B
| $3.27M | ﹤0.01% |
73,340
-4,102
| -5% | -$179K |
|
1444
Genesis Energy
GEL
$1.92B
| $3.27M | ﹤0.01% |
140,320
+5,545
| +4% | +$120K |
|
1445
iRhythm Holdings
IRTC
$4.12B
| $3.27M | ﹤0.01% |
43,585
-400
| -0.9% | -$34.2K |
|
1446
Strategy Inc
MSTR
$38.4B
| $3.26M | ﹤0.01% |
225,860
-11,040
| -5% | -$153K |
|
1447
Otter Tail
OTTR
$3.9B
| $3.26M | ﹤0.01% |
65,380
-232
| -0.4% | -$11.4K |
|
|
MDCO
1448
DELISTED
Medicines Co
MDCO
| $3.25M | ﹤0.01% |
116,420
-1,600
| -1% | -$37.7K |
|
1449
Glaukos
GKOS
$11.1B
| $3.25M | ﹤0.01% |
41,502
-203
| -0.5% | -$13.6K |
|
1450
Four Corners Property Trust
FCPT
$2.76B
| $3.25M | ﹤0.01% |
109,861
+17,595
| +19% | +$487K |
|
Similar funds
California Public Employees Retirement System's Q1 2019 Portfolio in Review
As of Q1 2019, California Public Employees Retirement System held 3,308 positions worth $81.2B, up 14% from $71.3B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 4.6%. California Public Employees Retirement System opened 56 new positions and exited 97, leaving the 3,308-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.
- California Public Employees Retirement System's largest Q1 2019 buy was Fox Class B: 1,093,604 shares worth $39.2M.
- California Public Employees Retirement System added most to Walt Disney in Q1 2019, an estimated $135M increase.
- California Public Employees Retirement System's biggest Q1 2019 reduction was Athene Holding Ltd. Class A Common Shares, cutting an estimated $292M.
- California Public Employees Retirement System fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $84.9M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $81.2B portfolio in Q1 2019.
- California Public Employees Retirement System opened 56 new positions and closed 97 in Q1 2019.
- California Public Employees Retirement System's portfolio value rose 14% quarter-over-quarter to $81.2B.
Based on California Public Employees Retirement System's 13F filing for Q1 2019, filed 3 May 2019.