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 | |
|---|---|---|---|---|---|---|
|
SPN
1501
DELISTED
Superior Energy Services, Inc.
SPN
| $3.66M | ﹤0.01% |
37,556
-1,049
| -3% | -$98.5K |
|
|
TMHC
1502
DELISTED
Taylor Morrison
TMHC
| $3.66M | ﹤0.01% |
202,672
+7,614
| +4% | +$151K |
|
1503
City Holding Co
CHCO
$2.06B
| $3.65M | ﹤0.01% |
47,477
-4,813
| -9% | -$382K |
|
1504
Vipshop
VIPS
$7.2B
| $3.65M | ﹤0.01% |
584,357
-91,597
| -14% | -$753K |
|
1505
Fox Factory Holding Corp
FOXF
$905M
| $3.64M | ﹤0.01% |
51,984
-1,136
| -2% | -$69.6K |
|
|
CEQP
1506
DELISTED
Crestwood Equity Partners LP
CEQP
| $3.63M | ﹤0.01% |
98,661
+8,144
| +9% | +$298K |
|
1507
FIVE9
FIVN
$2.44B
| $3.62M | ﹤0.01% |
82,930
+12,950
| +19% | +$534K |
|
|
PRFT
1508
DELISTED
Perficient Inc
PRFT
| $3.62M | ﹤0.01% |
135,702
-1,578
| -1% | -$43.6K |
|
1509
Moelis & Co
MC
$4.93B
| $3.61M | ﹤0.01% |
65,884
+11,097
| +20% | +$651K |
|
|
SYNT
1510
DELISTED
Syntel Inc
SYNT
| $3.59M | ﹤0.01% |
87,707
+9,649
| +12% | +$386K |
|
1511
Allegiant Air
ALGT
$2.37B
| $3.58M | ﹤0.01% |
28,267
+2,624
| +10% | +$349K |
|
1512
Snap
SNAP
$9.32B
| $3.58M | ﹤0.01% |
422,700
-28,500
| -6% | -$331K |
|
1513
Carlyle Group
CG
$17.4B
| $3.57M | ﹤0.01% |
158,249
-16,974
| -10% | -$399K |
|
|
BMCH
1514
DELISTED
BMC Stock Holdings, Inc
BMCH
| $3.57M | ﹤0.01% |
191,304
-13,676
| -7% | -$297K |
|
|
AAWW
1515
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $3.56M | ﹤0.01% |
55,836
+500
| +0.9% | +$32.4K |
|
1516
Genesis Energy
GEL
$1.89B
| $3.56M | ﹤0.01% |
149,519
-12,519
| -8% | -$295K |
|
|
SUM
1517
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $3.56M | ﹤0.01% |
198,887
-6,485
| -3% | -$141K |
|
1518
iShares TIPS Bond ETF
TIP
$14.7B
| $3.55M | ﹤0.01% |
32,076
-46,148
| -59% | -$5.15M |
|
|
SONC
1519
DELISTED
Sonic Corp
SONC
| $3.55M | ﹤0.01% |
81,841
-3,125
| -4% | -$112K |
|
|
LGF.B
1520
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $3.54M | ﹤0.01% |
152,100
-21,198
| -12% | -$476K |
|
|
BPFH
1521
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $3.54M | ﹤0.01% |
259,437
-5,377
| -2% | -$78.6K |
|
1522
Enova International
ENVA
$6.4B
| $3.53M | ﹤0.01% |
122,671
+13,090
| +12% | +$446K |
|
1523
Meritage Homes
MTH
$4.81B
| $3.52M | ﹤0.01% |
176,580
-7,116
| -4% | -$155K |
|
|
BLD
1524
DELISTED
TopBuild
BLD
| $3.52M | ﹤0.01% |
61,987
-2,690
| -4% | -$192K |
|
|
NAV
1525
DELISTED
Navistar International
NAV
| $3.52M | ﹤0.01% |
91,460
-6,449
| -7% | -$269K |
|
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.