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 | |
|---|---|---|---|---|---|---|
|
PHX
1576
DELISTED
PHX Minerals
PHX
| $3.27M | ﹤0.01% |
177,201
-7,700
| -4% | -$149K |
|
1577
MiMedx Group
MDXG
$630M
| $3.25M | ﹤0.01% |
525,112
+359,490
| +217% | +$1.62M |
|
1578
S&T Bancorp
STBA
$1.81B
| $3.24M | ﹤0.01% |
74,719
-4,730
| -6% | -$214K |
|
|
AJRD
1579
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $3.24M | ﹤0.01% |
95,333
-8,277
| -8% | -$276K |
|
1580
Central Garden & Pet Co Class A
CENTA
$2.4B
| $3.24M | ﹤0.01% |
122,159
-4,954
| -4% | -$150K |
|
|
BEL
1581
DELISTED
Belmond Ltd.
BEL
| $3.24M | ﹤0.01% |
177,501
-17,585
| -9% | -$252K |
|
|
EXPR
1582
DELISTED
Express, Inc.
EXPR
| $3.24M | ﹤0.01% |
14,630
-1,946
| -12% | -$398K |
|
|
SAFE
1583
Safehold
SAFE
$1.08B
| $3.23M | ﹤0.01% |
59,491
+1,159
| +2% | +$61.2K |
|
|
LMNX
1584
DELISTED
Luminex Corp
LMNX
| $3.23M | ﹤0.01% |
106,687
+12,963
| +14% | +$389K |
|
1585
AZZ Inc
AZZ
$4.6B
| $3.23M | ﹤0.01% |
63,954
-7,286
| -10% | -$389K |
|
1586
Yext
YEXT
$572M
| $3.23M | ﹤0.01% |
+136,250
| New | +$3.12M |
|
|
SFBS
1587
ServisFirst Bancshares
SFBS
$4.88B
| $3.22M | ﹤0.01% |
82,195
-1,591
| -2% | -$67.2K |
|
|
CCT
1588
DELISTED
Corporate Capital Trust, Inc.
CCT
| $3.21M | ﹤0.01% |
210,381
-12,729
| -6% | -$209K |
|
1589
Ascendis Pharma A/S
ASND
$16.7B
| $3.21M | ﹤0.01% |
45,292
+17,011
| +60% | +$1.17M |
|
1590
Interface
TILE
$2.24B
| $3.21M | ﹤0.01% |
137,344
-10,447
| -7% | -$242K |
|
1591
SPS Commerce
SPSC
$2.7B
| $3.2M | ﹤0.01% |
64,486
+5,054
| +9% | +$226K |
|
1592
Pricesmart
PSMT
$5.33B
| $3.2M | ﹤0.01% |
39,480
-1,674
| -4% | -$140K |
|
1593
Gentherm
THRM
$1.27B
| $3.19M | ﹤0.01% |
70,281
-5,899
| -8% | -$268K |
|
1594
AAR Corp
AIR
$5.86B
| $3.19M | ﹤0.01% |
66,524
-7,146
| -10% | -$328K |
|
|
AUD
1595
DELISTED
Audacy, Inc.
AUD
| $3.18M | ﹤0.01% |
402,705
-81,431
| -17% | -$631K |
|
1596
Churchill Downs
CHDN
$6.18B
| $3.18M | ﹤0.01% |
68,718
+17,112
| +33% | +$811K |
|
1597
G-III Apparel Group
GIII
$1.44B
| $3.18M | ﹤0.01% |
65,911
-4,882
| -7% | -$222K |
|
|
ICPT
1598
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $3.17M | ﹤0.01% |
25,100
-1,900
| -7% | -$201K |
|
1599
McGrath RentCorp
MGRC
$2.95B
| $3.17M | ﹤0.01% |
58,130
+7,742
| +15% | +$451K |
|
1600
UFP Industries
UFPI
$5.12B
| $3.16M | ﹤0.01% |
89,557
-8,154
| -8% | -$301K |
|
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.