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 | |
|---|---|---|---|---|---|---|
1451
Oceaneering
OII
$5.11B
| $3.25M | ﹤0.01% |
206,230
-141,297
| -41% | -$2.19M |
|
1452
EXL Service
EXLS
$5.36B
| $3.24M | ﹤0.01% |
269,985
+7,540
| +3% | +$88.4K |
|
1453
Saia
SAIA
$10.1B
| $3.24M | ﹤0.01% |
52,998
+8,095
| +18% | +$501K |
|
1454
Dine Brands
DIN
$440M
| $3.23M | ﹤0.01% |
35,431
-518
| -1% | -$44K |
|
1455
United Parks & Resorts
PRKS
$2.04B
| $3.23M | ﹤0.01% |
125,296
-2,805
| -2% | -$71.6K |
|
1456
StoneCo
STNE
$2.49B
| $3.22M | ﹤0.01% |
78,309
-7,952
| -9% | -$216K |
|
|
WBT
1457
DELISTED
Welbilt, Inc.
WBT
| $3.21M | ﹤0.01% |
196,175
-2,700
| -1% | -$39.4K |
|
|
FOCS
1458
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $3.21M | ﹤0.01% |
+90,011
| New | +$2.84M |
|
1459
Dropbox
DBX
$7.81B
| $3.21M | ﹤0.01% |
147,103
+46,100
| +46% | +$1.07M |
|
|
ONC
1460
BeOne Medicines Ltd
ONC
$40.3B
| $3.2M | ﹤0.01% |
24,251
-15,923
| -40% | -$2.15M |
|
|
AJRD
1461
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $3.2M | ﹤0.01% |
90,040
+1,507
| +2% | +$55.5K |
|
1462
Ascendis Pharma A/S
ASND
$16.2B
| $3.2M | ﹤0.01% |
27,175
-16,017
| -37% | -$1.4M |
|
1463
Lithia Motors
LAD
$8.32B
| $3.2M | ﹤0.01% |
34,484
-9,833
| -22% | -$855K |
|
1464
Towne Bank
TOWN
$3.5B
| $3.2M | ﹤0.01% |
129,176
-7,147
| -5% | -$188K |
|
|
CEQP
1465
DELISTED
Crestwood Equity Partners LP
CEQP
| $3.2M | ﹤0.01% |
90,861
-1,100
| -1% | -$35.6K |
|
|
LTXB
1466
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $3.2M | ﹤0.01% |
85,515
+20,257
| +31% | +$791K |
|
1467
PTC Therapeutics
PTCT
$6.01B
| $3.19M | ﹤0.01% |
84,839
-7,463
| -8% | -$251K |
|
1468
SPS Commerce
SPSC
$2.86B
| $3.19M | ﹤0.01% |
60,092
+2,630
| +5% | +$129K |
|
1469
Agree Realty
ADC
$9.34B
| $3.18M | ﹤0.01% |
45,821
+10,247
| +29% | +$663K |
|
1470
SM Energy
SM
$7.71B
| $3.17M | ﹤0.01% |
181,546
-4,442
| -2% | -$78.9K |
|
1471
Renasant Corp
RNST
$4B
| $3.17M | ﹤0.01% |
93,706
-8,047
| -8% | -$287K |
|
1472
NMI Holdings
NMIH
$3.42B
| $3.17M | ﹤0.01% |
122,488
+1,833
| +2% | +$41.8K |
|
1473
Wingstop
WING
$3.1B
| $3.16M | ﹤0.01% |
41,567
+6,206
| +18% | +$423K |
|
1474
Methode Electronics
MEI
$593M
| $3.16M | ﹤0.01% |
109,703
-3,689
| -3% | -$101K |
|
|
ENDP
1475
DELISTED
Endo International plc
ENDP
| $3.15M | ﹤0.01% |
392,137
-36,471
| -9% | -$343K |
|
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.