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 | |
|---|---|---|---|---|---|---|
|
ENLK
1451
DELISTED
EnLink Midstream Partners, LP
ENLK
| $3.96M | 0.01% |
254,976
-24,433
| -9% | -$378K |
|
|
ASNA
1452
DELISTED
Ascena Retail Group, Inc.
ASNA
| $3.96M | 0.01% |
49,666
-36,975
| -43% | -$2.24M |
|
1453
News Corp Class B
NWS
$17.7B
| $3.95M | 0.01% |
249,066
+16,750
| +7% | +$269K |
|
1454
Axogen
AXGN
$2.61B
| $3.94M | 0.01% |
78,473
-48,304
| -38% | -$2.13M |
|
1455
Enviri
NVRI
$566M
| $3.94M | 0.01% |
178,095
-53,901
| -23% | -$1.24M |
|
1456
City Holding Co
CHCO
$2.06B
| $3.93M | 0.01% |
52,290
-8,687
| -14% | -$643K |
|
1457
CNA Financial
CNA
$13.8B
| $3.93M | 0.01% |
86,047
-18,798
| -18% | -$908K |
|
1458
Diodes
DIOD
$4.75B
| $3.93M | 0.01% |
113,902
+32,667
| +40% | +$1.08M |
|
1459
STAG Industrial
STAG
$7.08B
| $3.92M | 0.01% |
144,024
-3,786
| -3% | -$96.8K |
|
1460
Towne Bank
TOWN
$3.42B
| $3.92M | 0.01% |
122,104
+2,959
| +2% | +$91.9K |
|
|
SJI
1461
DELISTED
South Jersey Industries, Inc.
SJI
| $3.92M | 0.01% |
117,107
-3,244
| -3% | -$102K |
|
|
EPAY
1462
DELISTED
Bottomline Technologies Inc
EPAY
| $3.91M | 0.01% |
78,449
-8,426
| -10% | -$376K |
|
1463
Saia
SAIA
$9.52B
| $3.9M | 0.01% |
48,222
-9,948
| -17% | -$768K |
|
|
VRTU
1464
DELISTED
Virtusa Corporation
VRTU
| $3.9M | 0.01% |
80,033
-19,095
| -19% | -$928K |
|
|
CSOD
1465
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $3.89M | 0.01% |
82,074
+45,384
| +124% | +$2.12M |
|
1466
Groupon
GRPN
$889M
| $3.88M | 0.01% |
45,151
-8,132
| -15% | -$754K |
|
|
MDC
1467
DELISTED
M.D.C. Holdings, Inc.
MDC
| $3.88M | 0.01% |
147,160
+962
| +0.7% | +$25K |
|
1468
Federal Agricultural Mortgage
AGM
$2.55B
| $3.87M | 0.01% |
43,283
-5,971
| -12% | -$536K |
|
1469
ABM Industries
ABM
$2.83B
| $3.87M | 0.01% |
132,486
-6,937
| -5% | -$214K |
|
|
SVU
1470
DELISTED
SUPERVALU Inc.
SVU
| $3.86M | 0.01% |
188,281
-69,175
| -27% | -$1.22M |
|
1471
Omnicell
OMCL
$1.68B
| $3.86M | 0.01% |
73,644
-4,794
| -6% | -$225K |
|
1472
Acco Brands
ACCO
$396M
| $3.86M | 0.01% |
278,516
+39,195
| +16% | +$503K |
|
|
BWP
1473
DELISTED
Boardwalk Pipeline Partners
BWP
| $3.85M | 0.01% |
331,083
+36,032
| +12% | +$381K |
|
1474
8x8 Inc
EGHT
$309M
| $3.84M | 0.01% |
191,669
-13,029
| -6% | -$260K |
|
|
AGR
1475
DELISTED
Avangrid, Inc.
AGR
| $3.78M | 0.01% |
71,483
-23,141
| -24% | -$1.2M |
|
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.