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 | |
|---|---|---|---|---|---|---|
|
NS
1451
DELISTED
NuStar Energy L.P.
NS
| $4.01M | 0.01% |
144,143
+12,354
| +9% | +$327K |
|
|
AVP
1452
DELISTED
Avon Products, Inc.
AVP
| $4M | 0.01% |
1,818,587
+5,012
| +0.3% | +$9.24K |
|
1453
CNA Financial
CNA
$13.8B
| $3.99M | 0.01% |
87,367
+1,320
| +2% | +$61K |
|
|
EE
1454
DELISTED
El Paso Electric Company
EE
| $3.98M | 0.01% |
69,491
-6,936
| -9% | -$425K |
|
|
RUTH
1455
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $3.95M | 0.01% |
125,061
+8,109
| +7% | +$243K |
|
1456
Enpro
NPO
$7.12B
| $3.93M | 0.01% |
53,917
-5,082
| -9% | -$376K |
|
|
ENLK
1457
DELISTED
EnLink Midstream Partners, LP
ENLK
| $3.92M | 0.01% |
210,483
-44,493
| -17% | -$772K |
|
1458
Dine Brands
DIN
$454M
| $3.92M | 0.01% |
48,203
-8,890
| -16% | -$690K |
|
1459
Central Pacific Financial
CPF
$996M
| $3.91M | 0.01% |
148,060
-8,146
| -5% | -$231K |
|
|
SFLY
1460
DELISTED
Shutterfly, Inc.
SFLY
| $3.91M | 0.01% |
59,359
-7,436
| -11% | -$589K |
|
1461
Urban Edge Properties
UE
$2.73B
| $3.91M | 0.01% |
176,910
-14,658
| -8% | -$330K |
|
1462
Saia
SAIA
$9.52B
| $3.9M | 0.01% |
50,995
+2,773
| +6% | +$216K |
|
1463
Main Street Capital
MAIN
$5.52B
| $3.89M | 0.01% |
101,131
-7,785
| -7% | -$308K |
|
1464
Mueller Water Products
MWA
$4.09B
| $3.89M | 0.01% |
338,150
-32,537
| -9% | -$385K |
|
|
XLRN
1465
DELISTED
Acceleron Pharma
XLRN
| $3.89M | 0.01% |
68,014
-4,700
| -6% | -$231K |
|
1466
First Financial Bancorp
FFBC
$3.57B
| $3.86M | 0.01% |
130,058
-37,370
| -22% | -$1.16M |
|
1467
Cavco Industries
CVCO
$4.57B
| $3.84M | 0.01% |
15,193
-699
| -4% | -$162K |
|
1468
United Natural Foods
UNFI
$2.86B
| $3.84M | 0.01% |
128,245
+23,517
| +22% | +$851K |
|
1469
Cheniere Energy
CQP
$32.2B
| $3.84M | ﹤0.01% |
97,222
-1,320
| -1% | -$49.9K |
|
1470
Universal Insurance Holdings
UVE
$1.19B
| $3.82M | ﹤0.01% |
78,756
+12,192
| +18% | +$524K |
|
1471
Prestige Consumer Healthcare
PBH
$2.54B
| $3.82M | ﹤0.01% |
100,756
-7,544
| -7% | -$285K |
|
1472
Independent Bank
INDB
$4.02B
| $3.82M | ﹤0.01% |
46,202
-4,313
| -9% | -$376K |
|
1473
ABM Industries
ABM
$2.83B
| $3.81M | ﹤0.01% |
118,251
-14,235
| -11% | -$450K |
|
1474
Nomad Foods
NOMD
$1.59B
| $3.81M | ﹤0.01% |
188,191
+35,097
| +23% | +$694K |
|
1475
Brookdale Senior Living
BKD
$3B
| $3.81M | ﹤0.01% |
387,741
-9,300
| -2% | -$85.6K |
|
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.