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 | |
|---|---|---|---|---|---|---|
1476
Okta
OKTA
$26.1B
| $3.78M | 0.01% |
+75,000
| New | +$3.57M |
|
1477
QuidelOrtho
QDEL
$959M
| $3.76M | 0.01% |
56,597
-11,825
| -17% | -$715K |
|
|
SPN
1478
DELISTED
Superior Energy Services, Inc.
SPN
| $3.76M | 0.01% |
38,605
-15,694
| -29% | -$1.61M |
|
1479
Globus Medical
GMED
$11.4B
| $3.76M | 0.01% |
74,451
-14,640
| -16% | -$763K |
|
|
CBM
1480
DELISTED
Cambrex Corporation
CBM
| $3.75M | 0.01% |
71,747
-8,783
| -11% | -$438K |
|
1481
United Fire Group
UFCS
$1.39B
| $3.75M | 0.01% |
68,769
+3,410
| +5% | +$177K |
|
|
HMSY
1482
DELISTED
HMS Holdings Corp.
HMSY
| $3.73M | 0.01% |
172,741
-16,313
| -9% | -$330K |
|
1483
Carlyle Group
CG
$17.4B
| $3.73M | 0.01% |
175,223
+50,493
| +40% | +$1.09M |
|
|
VG
1484
DELISTED
Vonage Holdings Corporation
VG
| $3.73M | 0.01% |
289,209
-44,915
| -13% | -$515K |
|
1485
Pricesmart
PSMT
$5.33B
| $3.72M | 0.01% |
41,154
-1,484
| -3% | -$129K |
|
|
SRCI
1486
DELISTED
SRC Energy Inc
SRCI
| $3.71M | 0.01% |
337,011
+226,111
| +204% | +$2.52M |
|
1487
World Acceptance Corp
WRLD
$873M
| $3.71M | 0.01% |
33,434
-10,992
| -25% | -$1.2M |
|
|
TPH
1488
DELISTED
Tri Pointe Homes
TPH
| $3.71M | 0.01% |
226,803
+197,679
| +679% | +$3.36M |
|
|
CUB
1489
DELISTED
Cubic Corporation
CUB
| $3.7M | 0.01% |
57,700
+2,049
| +4% | +$137K |
|
|
ISCA
1490
DELISTED
International Speedway Corp
ISCA
| $3.7M | 0.01% |
82,675
+10,763
| +15% | +$455K |
|
|
PINC
1491
DELISTED
Premier
PINC
| $3.69M | 0.01% |
101,568
-7,586
| -7% | -$251K |
|
1492
Forward Air
FWRD
$628M
| $3.69M | 0.01% |
62,429
+2,416
| +4% | +$138K |
|
1493
Boston Beer
SAM
$1.85B
| $3.68M | 0.01% |
12,282
+1,185
| +11% | +$289K |
|
|
CYS
1494
DELISTED
CYS Investments Inc.
CYS
| $3.68M | 0.01% |
490,677
-129,291
| -21% | -$925K |
|
|
CYBR
1495
DELISTED
CyberArk
CYBR
| $3.68M | 0.01% |
58,434
+25,678
| +78% | +$1.5M |
|
1496
Criteo S.A. Ordinary Shares
CRTO
$867M
| $3.66M | 0.01% |
111,468
+46,068
| +70% | +$1.27M |
|
1497
Empire State Realty Trust
ESRT
$802M
| $3.66M | 0.01% |
214,022
-22,054
| -9% | -$373K |
|
1498
Oil States International
OIS
$532M
| $3.66M | 0.01% |
114,030
-46,923
| -29% | -$1.58M |
|
1499
Silicon Motion
SIMO
$7.6B
| $3.66M | 0.01% |
69,185
-3,037
| -4% | -$149K |
|
|
AUD
1500
DELISTED
Audacy, Inc.
AUD
| $3.65M | 0.01% |
484,136
-47,332
| -9% | -$401K |
|
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.