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 | |
|---|---|---|---|---|---|---|
1551
Interparfums
IPAR
$3.7B
| $2.83M | ﹤0.01% |
37,257
-700
| -2% | -$49K |
|
|
RETA
1552
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $2.82M | ﹤0.01% |
33,001
+4,498
| +16% | +$373K |
|
1553
Acadia Pharmaceuticals
ACAD
$4.89B
| $2.81M | ﹤0.01% |
104,600
-1,500
| -1% | -$35K |
|
1554
Alarm.com
ALRM
$2.74B
| $2.81M | ﹤0.01% |
43,278
+2,469
| +6% | +$150K |
|
1555
Matthews International
MATW
$722M
| $2.81M | ﹤0.01% |
75,940
+7,146
| +10% | +$291K |
|
1556
Dave & Buster's
PLAY
$370M
| $2.81M | ﹤0.01% |
56,247
+1,962
| +4% | +$96.2K |
|
1557
BlackLine
BL
$1.82B
| $2.8M | ﹤0.01% |
60,434
-1,232
| -2% | -$57.9K |
|
1558
QuinStreet
QNST
$1.19B
| $2.79M | ﹤0.01% |
208,022
-45,827
| -18% | -$710K |
|
|
PHX
1559
DELISTED
PHX Minerals
PHX
| $2.78M | ﹤0.01% |
177,201
| – | – |
|
1560
Meritage Homes
MTH
$4.8B
| $2.78M | ﹤0.01% |
124,422
-36,592
| -23% | -$783K |
|
1561
Carlyle Group
CG
$18.3B
| $2.78M | ﹤0.01% |
151,901
+6,191
| +4% | +$112K |
|
|
ARNA
1562
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $2.77M | ﹤0.01% |
61,893
-800
| -1% | -$36.7K |
|
|
HA
1563
DELISTED
Hawaiian Holdings, Inc.
HA
| $2.77M | ﹤0.01% |
105,407
-11,257
| -10% | -$327K |
|
1564
Supernus Pharmaceuticals
SUPN
$2.74B
| $2.77M | ﹤0.01% |
78,904
+3,333
| +4% | +$124K |
|
1565
Cars.com
CARS
$672M
| $2.75M | ﹤0.01% |
120,830
-1,900
| -2% | -$46K |
|
1566
First Interstate BancSystem
FIBK
$3.7B
| $2.75M | ﹤0.01% |
69,080
-2,281
| -3% | -$91.2K |
|
|
I
1567
DELISTED
INTELSAT S. A.
I
| $2.75M | ﹤0.01% |
175,440
-23,902
| -12% | -$507K |
|
|
MTOR
1568
DELISTED
MERITOR, Inc.
MTOR
| $2.74M | ﹤0.01% |
134,734
-5,659
| -4% | -$115K |
|
1569
MaxLinear
MXL
$6.95B
| $2.74M | ﹤0.01% |
107,281
+7,100
| +7% | +$155K |
|
|
CBPO
1570
DELISTED
China Biologic Products Holdings, Inc.
CBPO
| $2.73M | ﹤0.01% |
29,972
-635
| -2% | -$52K |
|
1571
Arcosa
ACA
$7.12B
| $2.73M | ﹤0.01% |
89,389
-4,863
| -5% | -$149K |
|
|
NCI
1572
DELISTED
Navigant Consulting, Inc.
NCI
| $2.7M | ﹤0.01% |
138,658
+1,639
| +1% | +$38.3K |
|
1573
AMN Healthcare
AMN
$1.34B
| $2.69M | ﹤0.01% |
57,183
+9,208
| +19% | +$510K |
|
|
EVBG
1574
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $2.69M | ﹤0.01% |
35,850
+16,700
| +87% | +$1.09M |
|
1575
Federal Signal
FSS
$7.51B
| $2.69M | ﹤0.01% |
103,382
-4,477
| -4% | -$102K |
|
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.