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 | |
|---|---|---|---|---|---|---|
|
RAD
1451
DELISTED
Rite Aid Corporation
RAD
| $3.02M | ﹤0.01% |
212,885
+5,424
| +3% | +$114K |
|
1452
AngioDynamics
ANGO
$661M
| $3.01M | ﹤0.01% |
149,604
-1,842
| -1% | -$38.1K |
|
|
ICPT
1453
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $3.01M | ﹤0.01% |
29,865
+4,765
| +19% | +$494K |
|
1454
Enviri
NVRI
$576M
| $3M | ﹤0.01% |
151,029
-14,623
| -9% | -$363K |
|
1455
Usana Health Sciences
USNA
$255M
| $2.99M | ﹤0.01% |
25,405
-2,385
| -9% | -$276K |
|
1456
Enpro
NPO
$7.07B
| $2.98M | ﹤0.01% |
49,617
-4,300
| -8% | -$285K |
|
|
ELME
1457
Elme Communities
ELME
$145M
| $2.97M | ﹤0.01% |
128,981
-4,400
| -3% | -$121K |
|
1458
Meritage Homes
MTH
$4.8B
| $2.96M | ﹤0.01% |
161,014
-15,566
| -9% | -$287K |
|
1459
QuidelOrtho
QDEL
$970M
| $2.95M | ﹤0.01% |
60,376
-4,523
| -7% | -$270K |
|
1460
World Acceptance Corp
WRLD
$877M
| $2.94M | ﹤0.01% |
28,728
-1,733
| -6% | -$178K |
|
1461
Forward Air
FWRD
$634M
| $2.93M | ﹤0.01% |
53,457
-3,692
| -6% | -$227K |
|
1462
Artisan Partners
APAM
$3.07B
| $2.93M | ﹤0.01% |
132,572
+50,375
| +61% | +$1.34M |
|
|
PCH
1463
DELISTED
PotlatchDeltic
PCH
| $2.93M | ﹤0.01% |
92,638
+2,604
| +3% | +$93K |
|
1464
Westamerica Bancorp
WABC
$1.36B
| $2.93M | ﹤0.01% |
52,566
-4,601
| -8% | -$271K |
|
1465
Agios Pharmaceuticals
AGIO
$1.96B
| $2.91M | ﹤0.01% |
63,200
-15,217
| -19% | -$939K |
|
1466
Kaiser Aluminum
KALU
$3.15B
| $2.91M | ﹤0.01% |
32,592
+2,408
| +8% | +$232K |
|
1467
Range Resources
RRC
$9.51B
| $2.91M | ﹤0.01% |
303,971
+3,879
| +1% | +$59K |
|
1468
Hain Celestial
HAIN
$48.5M
| $2.91M | ﹤0.01% |
183,201
+3,311
| +2% | +$73.7K |
|
|
IMMU
1469
DELISTED
Immunomedics Inc
IMMU
| $2.89M | ﹤0.01% |
202,574
-12,800
| -6% | -$254K |
|
1470
Papa John's
PZZA
$797M
| $2.89M | ﹤0.01% |
72,538
-11,589
| -14% | -$585K |
|
1471
SM Energy
SM
$7.71B
| $2.88M | ﹤0.01% |
185,988
-10,748
| -5% | -$249K |
|
1472
Adient
ADNT
$1.48B
| $2.88M | ﹤0.01% |
191,000
+20,105
| +12% | +$520K |
|
1473
City Holding Co
CHCO
$2.05B
| $2.87M | ﹤0.01% |
42,526
-4,951
| -10% | -$364K |
|
|
CVA
1474
DELISTED
Covanta Holding Corporation
CVA
| $2.85M | ﹤0.01% |
212,730
-19,849
| -9% | -$306K |
|
1475
Dycom Industries
DY
$12.1B
| $2.85M | ﹤0.01% |
52,802
-3,315
| -6% | -$223K |
|
Similar funds
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.