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 | |
|---|---|---|---|---|---|---|
1601
Arrowhead Research
ARWR
$12.6B
| $3.16M | ﹤0.01% |
232,622
-1,878
| -0.8% | -$17.6K |
|
1602
CVB Financial
CVBF
$4.02B
| $3.16M | ﹤0.01% |
141,106
+2,915
| +2% | +$67K |
|
|
SPPI
1603
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $3.16M | ﹤0.01% |
150,828
-37,317
| -20% | -$691K |
|
|
FNSR
1604
DELISTED
Finisar Corp
FNSR
| $3.16M | ﹤0.01% |
175,584
-9,916
| -5% | -$164K |
|
|
AYR
1605
DELISTED
Aircastle Ltd
AYR
| $3.16M | ﹤0.01% |
154,004
-36,462
| -19% | -$760K |
|
|
FFIC
1606
DELISTED
Flushing Financial
FFIC
| $3.15M | ﹤0.01% |
120,900
-1,555
| -1% | -$41.6K |
|
|
AXAS
1607
DELISTED
Abraxas Petroleum Corp
AXAS
| $3.14M | ﹤0.01% |
54,402
+1,022
| +2% | +$55.3K |
|
|
BEAT
1608
DELISTED
BioTelemetry, Inc.
BEAT
| $3.14M | ﹤0.01% |
69,869
-25,892
| -27% | -$1.03M |
|
1609
G-III Apparel Group
GIII
$1.44B
| $3.14M | ﹤0.01% |
70,793
-7
| -0% | -$284 |
|
|
TLRD
1610
DELISTED
Tailored Brands, Inc.
TLRD
| $3.13M | ﹤0.01% |
122,514
-52,494
| -30% | -$1.6M |
|
1611
Boise Cascade
BCC
$2.98B
| $3.12M | ﹤0.01% |
69,752
-758
| -1% | -$33.3K |
|
1612
Perdoceo Education
PRDO
$1.95B
| $3.12M | ﹤0.01% |
192,792
-57,387
| -23% | -$837K |
|
1613
iRhythm Holdings
IRTC
$4.02B
| $3.12M | ﹤0.01% |
38,408
-10,856
| -22% | -$759K |
|
|
GHL
1614
DELISTED
Greenhill & Co., Inc.
GHL
| $3.11M | ﹤0.01% |
109,636
-31,287
| -22% | -$764K |
|
|
ARNA
1615
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $3.11M | ﹤0.01% |
71,346
+13,374
| +23% | +$575K |
|
1616
Upbound Group
UPBD
$1.11B
| $3.11M | ﹤0.01% |
211,272
-116,352
| -36% | -$1.26M |
|
1617
American States Water
AWR
$3.47B
| $3.1M | ﹤0.01% |
54,265
-13,805
| -20% | -$765K |
|
1618
Herc Holdings
HRI
$5.72B
| $3.1M | ﹤0.01% |
55,006
-21,070
| -28% | -$1.23M |
|
1619
AZZ Inc
AZZ
$4.6B
| $3.1M | ﹤0.01% |
71,240
+13,826
| +24% | +$613K |
|
|
FCB
1620
DELISTED
FCB Financial Holdings, Inc.
FCB
| $3.08M | ﹤0.01% |
52,415
+43,306
| +475% | +$2.54M |
|
|
HEES
1621
DELISTED
H&E Equipment Services
HEES
| $3.08M | ﹤0.01% |
81,836
-26,357
| -24% | -$983K |
|
1622
Helix Energy Solutions
HLX
$1.5B
| $3.07M | ﹤0.01% |
368,924
-90,868
| -20% | -$667K |
|
1623
Methode Electronics
MEI
$595M
| $3.07M | ﹤0.01% |
76,254
-6,108
| -7% | -$250K |
|
|
CMO
1624
DELISTED
Capstead Mortgage Corp.
CMO
| $3.07M | ﹤0.01% |
342,915
-16,873
| -5% | -$151K |
|
|
P
1625
DELISTED
Pandora Media Inc
P
| $3.06M | ﹤0.01% |
389,000
-77,700
| -17% | -$519K |
|
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.