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 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$296M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$240M |
| 3 |
JOBS
51job Inc
JOBS
|
+$22.5M |
| 4 |
Intel
INTC
|
+$22.1M |
| 5 |
WP
Worldpay, Inc.
WP
|
+$21.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$334M |
| 2 |
Amazon
AMZN
|
+$151M |
| 3 |
Johnson & Johnson
JNJ
|
+$80M |
| 4 |
Microsoft
MSFT
|
+$69.8M |
| 5 |
Meta Platforms (Facebook)
META
|
+$65.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.47% |
| 2 | Technology | 16.8% |
| 3 | Healthcare | 12.75% |
| 4 | Industrials | 10.63% |
| 5 | Consumer Discretionary | 10.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BEAT
1651
DELISTED
BioTelemetry, Inc.
BEAT
| $2.97M | ﹤0.01% |
95,761
-6,786
| -7% | -$223K |
|
|
ADAM
1652
Adamas Trust
ADAM
$907M
| $2.96M | ﹤0.01% |
125,013
-21,262
| -15% | -$499K |
|
1653
Rexford Industrial Realty
REXR
$8.12B
| $2.96M | ﹤0.01% |
102,871
-19,662
| -16% | -$556K |
|
1654
Star Bulk Carriers
SBLK
$3.21B
| $2.96M | ﹤0.01% |
254,400
| – | – |
|
|
MAGN
1655
Magnera Corp
MAGN
$433M
| $2.96M | ﹤0.01% |
11,077
-907
| -8% | -$255K |
|
|
NP
1656
DELISTED
Neenah, Inc. Common Stock
NP
| $2.95M | ﹤0.01% |
37,667
-1,410
| -4% | -$120K |
|
|
KBAL
1657
DELISTED
Kimball International
KBAL
| $2.95M | ﹤0.01% |
173,152
| – | – |
|
|
FSP
1658
Franklin Street Properties
FSP
$46.4M
| $2.95M | ﹤0.01% |
350,694
-60,564
| -15% | -$561K |
|
1659
Knowles
KN
$3.23B
| $2.95M | ﹤0.01% |
234,251
-9,923
| -4% | -$145K |
|
|
DBD
1660
DELISTED
Diebold Nixdorf Incorporated
DBD
| $2.95M | ﹤0.01% |
191,269
-47,287
| -20% | -$790K |
|
1661
Brookdale Senior Living
BKD
$3B
| $2.94M | ﹤0.01% |
438,857
-69,702
| -14% | -$589K |
|
1662
Kforce
KFRC
$1.08B
| $2.93M | ﹤0.01% |
108,437
-11,421
| -10% | -$307K |
|
|
FNSR
1663
DELISTED
Finisar Corp
FNSR
| $2.93M | ﹤0.01% |
185,500
-8,900
| -5% | -$168K |
|
|
KMG
1664
DELISTED
KMG Chemicals Inc
KMG
| $2.93M | ﹤0.01% |
48,844
-586
| -1% | -$36.5K |
|
1665
Heartland Express
HTLD
$979M
| $2.92M | ﹤0.01% |
162,305
-1,228
| -0.8% | -$25.9K |
|
1666
China Yuchai International
CYD
$1.71B
| $2.91M | ﹤0.01% |
137,520
-24,452
| -15% | -$591K |
|
|
SASR
1667
DELISTED
Sandy Spring Bancorp Inc
SASR
| $2.91M | ﹤0.01% |
74,976
-3,568
| -5% | -$139K |
|
1668
California Water Service
CWT
$3.1B
| $2.9M | ﹤0.01% |
77,751
-37,789
| -33% | -$1.51M |
|
1669
Ascendis Pharma A/S
ASND
$16.2B
| $2.89M | ﹤0.01% |
44,255
+24,020
| +119% | +$1.35M |
|
1670
TTM Technologies
TTMI
$14.6B
| $2.89M | ﹤0.01% |
189,038
+5,685
| +3% | +$92.5K |
|
|
ARII
1671
DELISTED
American Railcar Industries, Inc.
ARII
| $2.89M | ﹤0.01% |
77,247
-1,072
| -1% | -$41.5K |
|
1672
AAR Corp
AIR
$5.77B
| $2.88M | ﹤0.01% |
65,184
-10,088
| -13% | -$419K |
|
|
LTC
1673
LTC Properties
LTC
$2.1B
| $2.87M | ﹤0.01% |
75,416
-7,508
| -9% | -$295K |
|
1674
AdvanSix
ASIX
$446M
| $2.86M | ﹤0.01% |
82,157
-38,312
| -32% | -$1.51M |
|
|
ANDX
1675
DELISTED
Andeavor Logistics LP
ANDX
| $2.85M | ﹤0.01% |
63,689
-10,037
| -14% | -$490K |
|
Similar funds
California Public Employees Retirement System's Q1 2018 Portfolio in Review
As of Q1 2018, California Public Employees Retirement System held 3,399 positions worth $70.2B, down 5.1% from $74B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
California Public Employees Retirement System withdrew a net $2.88B in Q1 2018, closing 114 positions and reducing 1,632 holdings. Its most notable exit was Scripps Networks Interactive, Inc Common Class A, an estimated $21M position sold in full.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
Against the trend, California Public Employees Retirement System opened a new position in GCI Liberty, Inc. Class A Common Stock (DE) worth $15.4M.
- California Public Employees Retirement System's largest Q1 2018 buy was GCI Liberty, Inc. Class A Common Stock (DE): 291,278 shares worth $15.4M.
- California Public Employees Retirement System added most to Athene Holding Ltd. Class A Common Shares in Q1 2018, an estimated $296M increase.
- California Public Employees Retirement System's biggest Q1 2018 reduction was Alphabet (Google) Class C, cutting an estimated $334M.
- California Public Employees Retirement System fully exited Scripps Networks Interactive, Inc Common Class A in Q1 2018, selling an estimated $21M.
- California Public Employees Retirement System's ten largest holdings make up 16% of its $70.2B portfolio in Q1 2018.
- California Public Employees Retirement System opened 83 new positions and closed 114 in Q1 2018.
- California Public Employees Retirement System's portfolio value fell 5.1% quarter-over-quarter to $70.2B.
Based on California Public Employees Retirement System's 13F filing for Q1 2018, filed 11 May 2018.