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 | |
|---|---|---|---|---|---|---|
1526
Stride
LRN
$3.29B
| $3.51M | ﹤0.01% |
198,329
-9,926
| -5% | -$170K |
|
1527
Shenandoah Telecom
SHEN
$740M
| $3.5M | ﹤0.01% |
90,336
-8,241
| -8% | -$294K |
|
|
TLRD
1528
DELISTED
Tailored Brands, Inc.
TLRD
| $3.5M | ﹤0.01% |
138,963
+16,449
| +13% | +$378K |
|
1529
CVR Energy
CVI
$3.42B
| $3.5M | ﹤0.01% |
86,931
+6,320
| +8% | +$237K |
|
|
MINI
1530
DELISTED
Mobile Mini Inc
MINI
| $3.5M | ﹤0.01% |
79,729
-8,462
| -10% | -$376K |
|
1531
World Acceptance Corp
WRLD
$873M
| $3.48M | ﹤0.01% |
30,461
-2,973
| -9% | -$341K |
|
1532
Digimarc Corp
DMRC
$172M
| $3.48M | ﹤0.01% |
110,700
+95,100
| +610% | +$2.79M |
|
|
ANAT
1533
DELISTED
American National Group, Inc. Common Stock
ANAT
| $3.48M | ﹤0.01% |
26,905
-2,321
| -8% | -$296K |
|
|
TVPT
1534
DELISTED
Travelport Worldwide Limited
TVPT
| $3.48M | ﹤0.01% |
206,237
-18,955
| -8% | -$351K |
|
|
TUP
1535
DELISTED
Tupperware Brands Corporation
TUP
| $3.46M | ﹤0.01% |
103,598
-1,658
| -2% | -$59.3K |
|
1536
QuinStreet
QNST
$1.2B
| $3.44M | ﹤0.01% |
253,849
+21,927
| +9% | +$310K |
|
|
P
1537
DELISTED
Pandora Media Inc
P
| $3.44M | ﹤0.01% |
362,100
-26,900
| -7% | -$227K |
|
1538
Westamerica Bancorp
WABC
$1.36B
| $3.44M | ﹤0.01% |
57,167
-5,155
| -8% | -$317K |
|
|
MDCO
1539
DELISTED
Medicines Co
MDCO
| $3.43M | ﹤0.01% |
114,800
-8,700
| -7% | -$328K |
|
1540
Compass Minerals
CMP
$1.13B
| $3.43M | ﹤0.01% |
51,089
-9,371
| -15% | -$611K |
|
1541
Empire State Realty Trust
ESRT
$802M
| $3.42M | ﹤0.01% |
206,177
-7,845
| -4% | -$134K |
|
1542
Scansource
SCSC
$1.05B
| $3.41M | ﹤0.01% |
85,526
-4,853
| -5% | -$199K |
|
|
CSFL
1543
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $3.41M | ﹤0.01% |
121,571
+11,036
| +10% | +$330K |
|
1544
Kforce
KFRC
$1.04B
| $3.41M | ﹤0.01% |
90,575
+6,821
| +8% | +$268K |
|
|
CSGS
1545
DELISTED
CSG Systems International
CSGS
| $3.4M | ﹤0.01% |
84,598
-693
| -0.8% | -$27.4K |
|
|
PR
1546
Permian Resources
PR
$18B
| $3.39M | ﹤0.01% |
155,100
-10,700
| -6% | -$201K |
|
|
NCI
1547
DELISTED
Navigant Consulting, Inc.
NCI
| $3.38M | ﹤0.01% |
146,697
-3,172
| -2% | -$73.4K |
|
1548
First Interstate BancSystem
FIBK
$3.62B
| $3.38M | ﹤0.01% |
75,382
-476
| -0.6% | -$21.2K |
|
1549
Liberty Media Series A
FWONA
$23.4B
| $3.38M | ﹤0.01% |
99,146
-8,251
| -8% | -$274K |
|
1550
Pilgrim's Pride
PPC
$6.4B
| $3.37M | ﹤0.01% |
186,304
-22,607
| -11% | -$418K |
|
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.