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 | |
|---|---|---|---|---|---|---|
|
SAFE
1626
Safehold
SAFE
$1.08B
| $3.06M | ﹤0.01% |
58,332
-7,193
| -11% | -$371K |
|
|
LTXB
1627
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $3.06M | ﹤0.01% |
78,416
+28,782
| +58% | +$1.22M |
|
|
EFII
1628
DELISTED
Electronics for Imaging
EFII
| $3.06M | ﹤0.01% |
93,950
-8,132
| -8% | -$259K |
|
|
TBI
1629
Trueblue
TBI
$310M
| $3.06M | ﹤0.01% |
113,468
-20,500
| -15% | -$543K |
|
|
AJRD
1630
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $3.06M | ﹤0.01% |
103,610
-3,921
| -4% | -$113K |
|
1631
Heron Therapeutics
HRTX
$61.5M
| $3.05M | ﹤0.01% |
78,555
+18,855
| +32% | +$600K |
|
1632
MidCap Financial Investment
MFIC
$804M
| $3.05M | ﹤0.01% |
182,600
+11,033
| +6% | +$183K |
|
1633
Cato Corp
CATO
$65.3M
| $3.05M | ﹤0.01% |
123,737
-53,524
| -30% | -$1.05M |
|
1634
Strategy Inc
MSTR
$37.8B
| $3.04M | ﹤0.01% |
237,760
-40,350
| -15% | -$526K |
|
1635
TTM Technologies
TTMI
$13.8B
| $3.04M | ﹤0.01% |
172,134
-16,904
| -9% | -$282K |
|
|
EXPR
1636
DELISTED
Express, Inc.
EXPR
| $3.03M | ﹤0.01% |
16,576
-8,816
| -35% | -$1.53M |
|
|
RWT
1637
Redwood Trust
RWT
$588M
| $3.02M | ﹤0.01% |
183,394
-29,441
| -14% | -$472K |
|
|
AHT
1638
Ashford Hospitality Trust
AHT
$20.3M
| $3M | ﹤0.01% |
374
-141
| -27% | -$984K |
|
|
DCH
1639
Dauch Corp
DCH
$1.64B
| $2.99M | ﹤0.01% |
192,404
-27,263
| -12% | -$438K |
|
|
PR
1640
Permian Resources
PR
$18B
| $2.99M | ﹤0.01% |
+165,800
| New | +$3M |
|
1641
Gentherm
THRM
$1.27B
| $2.99M | ﹤0.01% |
76,180
-920
| -1% | -$33K |
|
1642
Evertec
EVTC
$1.76B
| $2.99M | ﹤0.01% |
136,953
+529
| +0.4% | +$10.8K |
|
|
GMLP
1643
DELISTED
Golar LNG Partners LP
GMLP
| $2.99M | ﹤0.01% |
193,365
+38,813
| +25% | +$704K |
|
|
DOC
1644
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $2.99M | ﹤0.01% |
187,356
-9,229
| -5% | -$140K |
|
|
NS
1645
DELISTED
NuStar Energy L.P.
NS
| $2.98M | ﹤0.01% |
131,789
-21,677
| -14% | -$489K |
|
1646
CVR Energy
CVI
$3.42B
| $2.98M | ﹤0.01% |
80,611
-40,038
| -33% | -$1.51M |
|
|
MAGN
1647
Magnera Corp
MAGN
$444M
| $2.97M | ﹤0.01% |
11,674
+597
| +5% | +$148K |
|
|
NXGN
1648
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $2.96M | ﹤0.01% |
152,047
+19,986
| +15% | +$316K |
|
|
NP
1649
DELISTED
Neenah, Inc. Common Stock
NP
| $2.96M | ﹤0.01% |
34,876
-2,791
| -7% | -$227K |
|
1650
Federal Signal
FSS
$7.86B
| $2.95M | ﹤0.01% |
126,682
-10,385
| -8% | -$242K |
|
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.