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 | |
|---|---|---|---|---|---|---|
1651
Methode Electronics
MEI
$597M
| $2.92M | ﹤0.01% |
80,709
+4,455
| +6% | +$174K |
|
|
TIVO
1652
DELISTED
Tivo Inc
TIVO
| $2.92M | ﹤0.01% |
234,669
-6,300
| -3% | -$81.4K |
|
1653
MGP Ingredients
MGPI
$387M
| $2.92M | ﹤0.01% |
36,948
+8,134
| +28% | +$661K |
|
1654
Acadia Realty Trust
AKR
$2.85B
| $2.92M | ﹤0.01% |
104,075
-18,283
| -15% | -$506K |
|
1655
IMAX
IMAX
$2.76B
| $2.92M | ﹤0.01% |
112,989
-5,260
| -4% | -$124K |
|
1656
Mercer International
MERC
$32.8M
| $2.91M | ﹤0.01% |
173,377
+16,701
| +11% | +$291K |
|
1657
Viper Energy
VNOM
$15.4B
| $2.91M | ﹤0.01% |
69,060
+23,968
| +53% | +$881K |
|
1658
WSFS Financial
WSFS
$4.16B
| $2.9M | ﹤0.01% |
61,574
+13,238
| +27% | +$681K |
|
|
TCP
1659
DELISTED
TC Pipelines LP
TCP
| $2.9M | ﹤0.01% |
95,694
-74,259
| -44% | -$2.34M |
|
1660
MGE Energy Inc
MGEE
$3.08B
| $2.9M | ﹤0.01% |
45,346
-7,355
| -14% | -$477K |
|
1661
Federal Agricultural Mortgage
AGM
$2.56B
| $2.89M | ﹤0.01% |
39,989
-3,294
| -8% | -$279K |
|
|
BGG
1662
DELISTED
Briggs & Stratton Corp.
BGG
| $2.88M | ﹤0.01% |
149,757
-9,235
| -6% | -$175K |
|
|
WEB
1663
DELISTED
Web.com Group, Inc.
WEB
| $2.87M | ﹤0.01% |
102,838
-6,407
| -6% | -$173K |
|
|
LTRPA
1664
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $2.86M | ﹤0.01% |
192,804
-9,330
| -5% | -$148K |
|
|
AHT
1665
Ashford Hospitality Trust
AHT
$20.3M
| $2.86M | ﹤0.01% |
453
+79
| +21% | +$550K |
|
1666
GDS Holdings
GDS
$6.49B
| $2.85M | ﹤0.01% |
+81,271
| New | +$2.92M |
|
|
HEES
1667
DELISTED
H&E Equipment Services
HEES
| $2.85M | ﹤0.01% |
75,544
-6,292
| -8% | -$228K |
|
|
DOC
1668
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $2.85M | ﹤0.01% |
169,264
-18,092
| -10% | -$300K |
|
|
MTOR
1669
DELISTED
MERITOR, Inc.
MTOR
| $2.85M | ﹤0.01% |
147,086
-9,588
| -6% | -$201K |
|
1670
CSP Inc
CSPI
$84M
| $2.84M | ﹤0.01% |
432,906
| – | – |
|
|
GHL
1671
DELISTED
Greenhill & Co., Inc.
GHL
| $2.84M | ﹤0.01% |
107,761
-1,875
| -2% | -$55.6K |
|
1672
DMC Global
BOOM
$157M
| $2.83M | ﹤0.01% |
69,453
+9,781
| +16% | +$417K |
|
1673
Icahn Enterprises
IEP
$5.37B
| $2.83M | ﹤0.01% |
39,981
+14,366
| +56% | +$1.07M |
|
1674
LCI Industries
LCII
$2.53B
| $2.83M | ﹤0.01% |
34,130
-5,456
| -14% | -$510K |
|
|
HIBB
1675
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $2.82M | ﹤0.01% |
150,145
+54,761
| +57% | +$1.24M |
|
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.