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 | |
|---|---|---|---|---|---|---|
|
OSG
1551
Octave Specialty Group
OSG
$205M
| $3.37M | ﹤0.01% |
164,958
-5,416
| -3% | -$113K |
|
1552
Helix Energy Solutions
HLX
$1.5B
| $3.36M | ﹤0.01% |
340,523
-28,401
| -8% | -$259K |
|
1553
Veeco
VECO
$3.07B
| $3.36M | ﹤0.01% |
327,812
-19,928
| -6% | -$249K |
|
|
HPR
1554
DELISTED
HighPoint Resources Corporation
HPR
| $3.36M | ﹤0.01% |
13,756
-1,861
| -12% | -$531K |
|
1555
United Fire Group
UFCS
$1.39B
| $3.35M | ﹤0.01% |
66,030
-2,739
| -4% | -$146K |
|
1556
Hilltop Holdings
HTH
$2.24B
| $3.35M | ﹤0.01% |
166,124
+923
| +0.6% | +$19.5K |
|
1557
Silicon Motion
SIMO
$7.6B
| $3.35M | ﹤0.01% |
62,393
-6,792
| -10% | -$376K |
|
1558
Usana Health Sciences
USNA
$254M
| $3.35M | ﹤0.01% |
27,790
+5,240
| +23% | +$650K |
|
1559
Enanta Pharmaceuticals
ENTA
$393M
| $3.33M | ﹤0.01% |
39,017
+7,844
| +25% | +$786K |
|
1560
Oil States International
OIS
$532M
| $3.33M | ﹤0.01% |
100,291
-13,739
| -12% | -$449K |
|
1561
Otter Tail
OTTR
$3.96B
| $3.32M | ﹤0.01% |
69,267
-4,351
| -6% | -$210K |
|
1562
Paylocity
PCTY
$7.7B
| $3.32M | ﹤0.01% |
41,281
-5,063
| -11% | -$359K |
|
|
CHS
1563
DELISTED
Chicos FAS, Inc.
CHS
| $3.31M | ﹤0.01% |
381,997
-21,067
| -5% | -$187K |
|
1564
Community Health Systems
CYH
$400M
| $3.31M | ﹤0.01% |
956,985
+76,833
| +9% | +$250K |
|
1565
Northern Oil and Gas
NOG
$2.58B
| $3.31M | ﹤0.01% |
82,646
+11,436
| +16% | +$386K |
|
1566
BJ's Restaurants
BJRI
$1.44B
| $3.3M | ﹤0.01% |
45,748
+7,493
| +20% | +$503K |
|
|
BECN
1567
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $3.29M | ﹤0.01% |
91,030
-8,357
| -8% | -$331K |
|
1568
AngioDynamics
ANGO
$651M
| $3.29M | ﹤0.01% |
151,446
+481
| +0.3% | +$10.7K |
|
1569
Kaiser Aluminum
KALU
$3.16B
| $3.29M | ﹤0.01% |
30,184
-424
| -1% | -$46K |
|
1570
Acco Brands
ACCO
$396M
| $3.29M | ﹤0.01% |
291,283
+12,767
| +5% | +$164K |
|
|
ISCA
1571
DELISTED
International Speedway Corp
ISCA
| $3.29M | ﹤0.01% |
75,129
-7,546
| -9% | -$334K |
|
1572
Innospec
IOSP
$2.31B
| $3.28M | ﹤0.01% |
42,732
+573
| +1% | +$44.6K |
|
1573
Amkor Technology
AMKR
$13.5B
| $3.28M | ﹤0.01% |
443,321
-21,170
| -5% | -$180K |
|
1574
Halozyme
HALO
$11.6B
| $3.28M | ﹤0.01% |
180,281
-8,721
| -5% | -$153K |
|
|
RFP
1575
DELISTED
Resolute Forest Products Inc.
RFP
| $3.27M | ﹤0.01% |
252,595
+53,023
| +27% | +$663K |
|
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.