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 | |
|---|---|---|---|---|---|---|
1476
National Vision
EYE
$1.51B
| $3.15M | ﹤0.01% |
100,066
-9,404
| -9% | -$296K |
|
1477
CVR Energy
CVI
$3.58B
| $3.14M | ﹤0.01% |
76,277
-3,515
| -4% | -$140K |
|
1478
Rexford Industrial Realty
REXR
$8.12B
| $3.14M | ﹤0.01% |
87,619
+13,576
| +18% | +$457K |
|
1479
Range Resources
RRC
$9.33B
| $3.14M | ﹤0.01% |
279,174
-24,797
| -8% | -$269K |
|
1480
Kaiser Aluminum
KALU
$2.99B
| $3.13M | ﹤0.01% |
29,893
-2,699
| -8% | -$275K |
|
1481
World Acceptance Corp
WRLD
$875M
| $3.13M | ﹤0.01% |
26,723
-2,005
| -7% | -$227K |
|
|
FOLD
1482
DELISTED
Amicus Therapeutics
FOLD
| $3.13M | ﹤0.01% |
229,998
-3,200
| -1% | -$39.1K |
|
1483
Fox Factory Holding Corp
FOXF
$886M
| $3.13M | ﹤0.01% |
44,720
-10,267
| -19% | -$651K |
|
1484
Oxford Industries
OXM
$542M
| $3.13M | ﹤0.01% |
41,525
-1,892
| -4% | -$146K |
|
1485
Urban Edge Properties
UE
$2.78B
| $3.13M | ﹤0.01% |
164,485
-3,402
| -2% | -$65.7K |
|
|
GCP
1486
DELISTED
GCP Applied Technologies Inc.
GCP
| $3.12M | ﹤0.01% |
105,455
-1,400
| -1% | -$37.6K |
|
1487
WesBanco
WSBC
$4.1B
| $3.12M | ﹤0.01% |
78,490
-20,118
| -20% | -$810K |
|
1488
Artisan Partners
APAM
$3.03B
| $3.11M | ﹤0.01% |
123,401
-9,171
| -7% | -$224K |
|
1489
City Holding Co
CHCO
$2.08B
| $3.11M | ﹤0.01% |
40,773
-1,753
| -4% | -$130K |
|
|
QTS
1490
DELISTED
QTS REALTY TRUST, INC.
QTS
| $3.1M | ﹤0.01% |
68,877
-900
| -1% | -$37.6K |
|
1491
Ironwood Pharmaceuticals
IRWD
$674M
| $3.1M | ﹤0.01% |
273,207
-24,011
| -8% | -$268K |
|
|
MBT
1492
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $3.09M | ﹤0.01% |
408,476
-25,027
| -6% | -$199K |
|
|
OPI
1493
DELISTED
Office Properties Income Trust
OPI
| $3.08M | ﹤0.01% |
+111,450
| New | +$3.38M |
|
|
VNE
1494
DELISTED
Veoneer, Inc.
VNE
| $3.08M | ﹤0.01% |
134,570
-2,968
| -2% | -$82.3K |
|
1495
PENN Entertainment
PENN
$2.53B
| $3.07M | ﹤0.01% |
152,784
-13,007
| -8% | -$304K |
|
|
AYX
1496
DELISTED
Alteryx Inc
AYX
| $3.06M | ﹤0.01% |
36,496
+17,113
| +88% | +$1.24M |
|
|
PRFT
1497
DELISTED
Perficient Inc
PRFT
| $3.04M | ﹤0.01% |
111,061
-2,900
| -3% | -$76.4K |
|
|
CZZ
1498
DELISTED
Cosan Limited
CZZ
| $3.04M | ﹤0.01% |
262,404
-9,483
| -3% | -$105K |
|
1499
Capitol Federal Financial
CFFN
$1.09B
| $3.04M | ﹤0.01% |
227,681
-101,723
| -31% | -$1.35M |
|
|
VRE
1500
DELISTED
Veris Residential
VRE
| $3.02M | ﹤0.01% |
136,059
-40,548
| -23% | -$847K |
|
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.