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 | |
|---|---|---|---|---|---|---|
1551
Stoneridge
SRI
$193M
| $3.39M | ﹤0.01% |
96,548
-20,447
| -17% | -$621K |
|
1552
Interface
TILE
$2.24B
| $3.39M | ﹤0.01% |
147,791
-13,903
| -9% | -$329K |
|
|
OSG
1553
Octave Specialty Group
OSG
$205M
| $3.38M | ﹤0.01% |
170,374
-85,256
| -33% | -$1.57M |
|
|
ONCE
1554
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $3.38M | ﹤0.01% |
40,800
+1,300
| +3% | +$100K |
|
|
HRG
1555
DELISTED
HRG Group, Inc.
HRG
| $3.38M | ﹤0.01% |
257,822
-71,677
| -22% | -$957K |
|
1556
Knowles
KN
$3.29B
| $3.37M | ﹤0.01% |
220,336
-13,915
| -6% | -$192K |
|
1557
J&J Snack Foods
JJSF
$1.68B
| $3.36M | ﹤0.01% |
22,053
-691
| -3% | -$98.4K |
|
|
SLCA
1558
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $3.36M | ﹤0.01% |
130,700
-18,500
| -12% | -$542K |
|
|
AKRX
1559
DELISTED
Akorn Inc
AKRX
| $3.36M | ﹤0.01% |
202,384
-57,616
| -22% | -$884K |
|
1560
AngioDynamics
ANGO
$651M
| $3.36M | ﹤0.01% |
150,965
-38,098
| -20% | -$779K |
|
|
ALEX
1561
DELISTED
Alexander & Baldwin
ALEX
| $3.35M | ﹤0.01% |
142,668
-171
| -0.1% | -$3.8K |
|
1562
Strategic Education
STRA
$1.81B
| $3.35M | ﹤0.01% |
29,644
-5,079
| -15% | -$543K |
|
1563
Acadia Realty Trust
AKR
$2.83B
| $3.35M | ﹤0.01% |
122,358
-10,741
| -8% | -$270K |
|
|
FIT
1564
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $3.34M | ﹤0.01% |
510,950
-190,379
| -27% | -$1.09M |
|
1565
MGE Energy Inc
MGEE
$3.06B
| $3.32M | ﹤0.01% |
52,701
-9,063
| -15% | -$528K |
|
|
OAK
1566
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
| $3.32M | ﹤0.01% |
81,685
+1,128
| +1% | +$45.7K |
|
|
NCI
1567
DELISTED
Navigant Consulting, Inc.
NCI
| $3.32M | ﹤0.01% |
149,869
+10,528
| +8% | +$240K |
|
1568
Opko Health
OPK
$1.04B
| $3.31M | ﹤0.01% |
703,400
-85,280
| -11% | -$323K |
|
|
UNT
1569
DELISTED
UNIT Corporation
UNT
| $3.31M | ﹤0.01% |
129,339
-47,170
| -27% | -$1.04M |
|
1570
Gran Tierra Energy
GTE
$337M
| $3.31M | ﹤0.01% |
95,810
-19,130
| -17% | -$612K |
|
|
SHLM
1571
DELISTED
Schulman (A.) Inc
SHLM
| $3.3M | ﹤0.01% |
74,222
+14,183
| +24% | +$619K |
|
1572
Cavco Industries
CVCO
$4.57B
| $3.3M | ﹤0.01% |
15,892
+943
| +6% | +$177K |
|
1573
Archrock
AROC
$5.78B
| $3.3M | ﹤0.01% |
274,766
+70,932
| +35% | +$784K |
|
|
CSFL
1574
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $3.3M | ﹤0.01% |
110,535
+50,282
| +83% | +$1.49M |
|
1575
Rambus
RMBS
$10.5B
| $3.29M | ﹤0.01% |
262,525
+24,380
| +10% | +$330K |
|
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.