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 | |
|---|---|---|---|---|---|---|
1476
First Commonwealth Financial
FCF
$2.18B
| $3.8M | ﹤0.01% |
235,628
-31,917
| -12% | -$528K |
|
1477
Towne Bank
TOWN
$3.42B
| $3.79M | ﹤0.01% |
122,925
+821
| +0.7% | +$26.5K |
|
1478
LendingTree
TREE
$443M
| $3.79M | ﹤0.01% |
16,466
-309
| -2% | -$73.5K |
|
1479
Atlantic Union Bankshares
AUB
$6.02B
| $3.78M | ﹤0.01% |
98,080
-18,559
| -16% | -$757K |
|
|
CVA
1480
DELISTED
Covanta Holding Corporation
CVA
| $3.78M | ﹤0.01% |
232,579
-26,554
| -10% | -$455K |
|
|
GHDX
1481
DELISTED
Genomic Health, Inc.
GHDX
| $3.77M | ﹤0.01% |
53,753
-799
| -1% | -$46.7K |
|
1482
News Corp Class B
NWS
$17.7B
| $3.77M | ﹤0.01% |
277,234
+28,168
| +11% | +$405K |
|
1483
Varonis Systems
VRNS
$4.84B
| $3.76M | ﹤0.01% |
154,167
+8,214
| +6% | +$199K |
|
1484
Dave & Buster's
PLAY
$349M
| $3.76M | ﹤0.01% |
56,789
+17,649
| +45% | +$956K |
|
|
WPG
1485
DELISTED
Washington Prime Group Inc.
WPG
| $3.75M | ﹤0.01% |
57,144
-279
| -0.5% | -$19.3K |
|
1486
EXL Service
EXLS
$5.29B
| $3.73M | ﹤0.01% |
281,500
-34,570
| -11% | -$428K |
|
1487
Axogen
AXGN
$2.61B
| $3.73M | ﹤0.01% |
101,104
+22,631
| +29% | +$988K |
|
1488
Diodes
DIOD
$4.75B
| $3.71M | ﹤0.01% |
111,307
-2,595
| -2% | -$93.8K |
|
|
MDC
1489
DELISTED
M.D.C. Holdings, Inc.
MDC
| $3.7M | ﹤0.01% |
145,907
-1,253
| -0.9% | -$33.6K |
|
1490
Aaon
AAON
$7.03B
| $3.7M | ﹤0.01% |
146,799
-14,208
| -9% | -$364K |
|
1491
Cal-Maine
CALM
$3.87B
| $3.7M | ﹤0.01% |
76,585
+5,224
| +7% | +$250K |
|
1492
Cars.com
CARS
$635M
| $3.69M | ﹤0.01% |
133,630
-9,100
| -6% | -$254K |
|
|
HF
1493
DELISTED
HFF Inc.
HF
| $3.69M | ﹤0.01% |
86,822
+2,303
| +3% | +$96.9K |
|
|
PCH
1494
DELISTED
PotlatchDeltic
PCH
| $3.69M | ﹤0.01% |
90,034
-12,380
| -12% | -$585K |
|
1495
Casella Waste Systems
CWST
$5.89B
| $3.67M | ﹤0.01% |
118,334
+33,710
| +40% | +$959K |
|
1496
STAG Industrial
STAG
$7.08B
| $3.67M | ﹤0.01% |
133,414
-10,610
| -7% | -$296K |
|
|
FOE
1497
DELISTED
Ferro Corporation
FOE
| $3.67M | ﹤0.01% |
157,871
-15,963
| -9% | -$353K |
|
1498
AeroVironment
AVAV
$9.92B
| $3.66M | ﹤0.01% |
32,631
-1,961
| -6% | -$170K |
|
1499
Gran Tierra Energy
GTE
$337M
| $3.66M | ﹤0.01% |
95,810
| – | – |
|
1500
PRA Group
PRAA
$706M
| $3.66M | ﹤0.01% |
101,598
-6,422
| -6% | -$251K |
|
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.