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 | |
|---|---|---|---|---|---|---|
|
CHS
1576
DELISTED
Chicos FAS, Inc.
CHS
| $3.28M | ﹤0.01% |
403,064
-153,680
| -28% | -$1.45M |
|
|
RUTH
1577
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $3.28M | ﹤0.01% |
116,952
-16,813
| -13% | -$453K |
|
1578
Cal-Maine
CALM
$3.87B
| $3.27M | ﹤0.01% |
71,361
+11,855
| +20% | +$573K |
|
|
AEGN
1579
DELISTED
Aegion Corp
AEGN
| $3.27M | ﹤0.01% |
127,038
-12,960
| -9% | -$321K |
|
|
CBL
1580
DELISTED
CBL& Associates Properties, Inc.
CBL
| $3.26M | ﹤0.01% |
584,597
-194,038
| -25% | -$930K |
|
|
LTRPA
1581
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $3.25M | ﹤0.01% |
202,134
-52,839
| -21% | -$684K |
|
|
MSGN
1582
DELISTED
MSG Networks Inc.
MSGN
| $3.24M | ﹤0.01% |
135,329
-6,874
| -5% | -$146K |
|
|
TIVO
1583
DELISTED
Tivo Inc
TIVO
| $3.24M | ﹤0.01% |
240,969
-46,031
| -16% | -$652K |
|
|
MODV
1584
DELISTED
ModivCare
MODV
| $3.24M | ﹤0.01% |
41,234
-3,244
| -7% | -$244K |
|
|
UNVR
1585
DELISTED
Univar Solutions Inc.
UNVR
| $3.23M | ﹤0.01% |
123,109
-6,527
| -5% | -$180K |
|
1586
Innospec
IOSP
$2.31B
| $3.23M | ﹤0.01% |
42,159
+10,772
| +34% | +$808K |
|
1587
Shenandoah Telecom
SHEN
$740M
| $3.22M | ﹤0.01% |
98,577
-6,218
| -6% | -$212K |
|
|
MTOR
1588
DELISTED
MERITOR, Inc.
MTOR
| $3.22M | ﹤0.01% |
156,674
-18,110
| -10% | -$380K |
|
1589
Insmed
INSM
$29B
| $3.22M | ﹤0.01% |
136,100
-11,500
| -8% | -$296K |
|
|
CLVS
1590
DELISTED
Clovis Oncology, Inc.
CLVS
| $3.22M | ﹤0.01% |
70,800
-14,100
| -17% | -$686K |
|
1591
Moelis & Co
MC
$4.93B
| $3.21M | ﹤0.01% |
54,787
+33,087
| +152% | +$1.9M |
|
1592
First Interstate BancSystem
FIBK
$3.62B
| $3.2M | ﹤0.01% |
75,858
+35,780
| +89% | +$1.5M |
|
|
ACH
1593
Accendra Health
ACH
$96.9M
| $3.2M | ﹤0.01% |
191,363
-47,804
| -20% | -$774K |
|
1594
Halozyme
HALO
$11.6B
| $3.19M | ﹤0.01% |
189,002
-6,398
| -3% | -$121K |
|
1595
McGrath RentCorp
MGRC
$2.95B
| $3.19M | ﹤0.01% |
50,388
-15,554
| -24% | -$959K |
|
1596
Kaiser Aluminum
KALU
$3.16B
| $3.19M | ﹤0.01% |
30,608
-6,276
| -17% | -$666K |
|
|
CVGW
1597
DELISTED
Calavo Growers
CVGW
| $3.19M | ﹤0.01% |
33,131
-3,104
| -9% | -$289K |
|
|
CKH
1598
DELISTED
Seacor Holdings Inc.
CKH
| $3.18M | ﹤0.01% |
55,577
-6,319
| -10% | -$345K |
|
|
ROIC
1599
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $3.17M | ﹤0.01% |
165,265
-27,026
| -14% | -$481K |
|
|
TEP
1600
DELISTED
Tallgrass Energy Partners, LP
TEP
| $3.17M | ﹤0.01% |
73,090
-660
| -0.9% | -$28.3K |
|
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.