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
|
+$200M |
| 2 |
PepsiCo
PEP
|
+$180M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$157M |
| 4 |
Linde
LIN
|
+$156M |
| 5 |
Procter & Gamble
PG
|
+$152M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AET
Aetna Inc
AET
|
+$235M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$180M |
| 3 |
ESRX
Express Scripts Holding Company
ESRX
|
+$142M |
| 4 |
PX
Praxair Inc
PX
|
+$92.8M |
| 5 |
COL
Rockwell Collins
COL
|
+$81.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.4% |
| 2 | Technology | 16.18% |
| 3 | Healthcare | 14.24% |
| 4 | Consumer Discretionary | 9.85% |
| 5 | Industrials | 9.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1626
Paylocity
PCTY
$7.7B
| $2.29M | ﹤0.01% |
38,081
-3,200
| -8% | -$205K |
|
1627
eHealth
EHTH
$39.1M
| $2.29M | ﹤0.01% |
59,638
+5,539
| +10% | +$186K |
|
1628
Enova International
ENVA
$6.4B
| $2.29M | ﹤0.01% |
117,690
-4,981
| -4% | -$113K |
|
1629
Spectrum Brands
SPB
$2.02B
| $2.29M | ﹤0.01% |
54,156
-6,116
| -10% | -$353K |
|
1630
National Healthcare
NHC
$3.39B
| $2.29M | ﹤0.01% |
29,126
+820
| +3% | +$64.2K |
|
|
ADAM
1631
Adamas Trust
ADAM
$919M
| $2.29M | ﹤0.01% |
96,967
-2,206
| -2% | -$53.4K |
|
1632
Pricesmart
PSMT
$5.33B
| $2.28M | ﹤0.01% |
38,652
-828
| -2% | -$57K |
|
|
TBI
1633
Trueblue
TBI
$310M
| $2.28M | ﹤0.01% |
102,461
-3,702
| -3% | -$88.8K |
|
1634
REX American Resources
REX
$1.43B
| $2.27M | ﹤0.01% |
200,436
+4,110
| +2% | +$48.2K |
|
1635
Pacira BioSciences
PCRX
$972M
| $2.27M | ﹤0.01% |
52,851
+2,351
| +5% | +$110K |
|
1636
Wingstop
WING
$3.03B
| $2.27M | ﹤0.01% |
35,361
-715
| -2% | -$46.7K |
|
1637
Resources Connection
RGP
$144M
| $2.27M | ﹤0.01% |
159,608
-9,225
| -5% | -$149K |
|
|
MDCO
1638
DELISTED
Medicines Co
MDCO
| $2.26M | ﹤0.01% |
118,020
+3,220
| +3% | +$74.9K |
|
|
IMPV
1639
DELISTED
Imperva, Inc.
IMPV
| $2.26M | ﹤0.01% |
40,524
-3,541
| -8% | -$192K |
|
|
FOLD
1640
DELISTED
Amicus Therapeutics
FOLD
| $2.23M | ﹤0.01% |
233,198
-19,500
| -8% | -$214K |
|
|
HT
1641
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $2.23M | ﹤0.01% |
127,122
+4,508
| +4% | +$84.2K |
|
|
DCOM
1642
DELISTED
Dime Community Bancshares
DCOM
| $2.23M | ﹤0.01% |
131,143
-9,270
| -7% | -$158K |
|
|
LMNX
1643
DELISTED
Luminex Corp
LMNX
| $2.23M | ﹤0.01% |
96,277
-10,410
| -10% | -$280K |
|
1644
Kelly Services Class A
KELYA
$536M
| $2.22M | ﹤0.01% |
108,601
+2,585
| +2% | +$57.5K |
|
|
ROIC
1645
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $2.22M | ﹤0.01% |
139,661
-10,600
| -7% | -$186K |
|
|
ATSG
1646
DELISTED
Air Transport Services Group
ATSG
| $2.21M | ﹤0.01% |
96,972
-15,026
| -13% | -$296K |
|
|
WBT
1647
DELISTED
Welbilt, Inc.
WBT
| $2.21M | ﹤0.01% |
198,875
-17,200
| -8% | -$265K |
|
1648
Barrett Business Services
BBSI
$761M
| $2.21M | ﹤0.01% |
154,368
| – | – |
|
1649
Heartland Express
HTLD
$914M
| $2.2M | ﹤0.01% |
120,323
-9,986
| -8% | -$190K |
|
|
VTLE
1650
DELISTED
Vital Energy
VTLE
| $2.2M | ﹤0.01% |
30,360
-1,724
| -5% | -$181K |
|
Similar funds
California Public Employees Retirement System's Q4 2018 Portfolio in Review
As of Q4 2018, California Public Employees Retirement System held 3,341 positions worth $71.3B, down 8% from $77.6B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
California Public Employees Retirement System deployed $4.76B of net new capital in Q4 2018, opening 51 new positions and adding to 888 existing holdings. Its largest new stake was Linde: 990,142 shares worth $155M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, down from 17% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $180M trimmed.
- California Public Employees Retirement System's largest Q4 2018 buy was Linde: 990,142 shares worth $155M.
- California Public Employees Retirement System added most to Coca-Cola in Q4 2018, an estimated $200M increase.
- California Public Employees Retirement System's biggest Q4 2018 reduction was Alphabet (Google) Class A, cutting an estimated $180M.
- California Public Employees Retirement System fully exited Aetna Inc in Q4 2018, selling an estimated $235M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $71.3B portfolio in Q4 2018.
- California Public Employees Retirement System opened 51 new positions and closed 89 in Q4 2018.
- California Public Employees Retirement System's portfolio value fell 8% quarter-over-quarter to $71.3B.
Based on California Public Employees Retirement System's 13F filing for Q4 2018, filed 8 Feb 2019.