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 |
Walt Disney
DIS
|
+$135M |
| 2 |
Coca-Cola
KO
|
+$126M |
| 3 |
PepsiCo
PEP
|
+$122M |
| 4 |
Procter & Gamble
PG
|
+$102M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$101M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$292M |
| 2 |
Mastercard
MA
|
+$244M |
| 3 |
Apple
AAPL
|
+$197M |
| 4 |
RTN
Raytheon Company
RTN
|
+$143M |
| 5 |
Northrop Grumman
NOC
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.56% |
| 2 | Financials | 15.24% |
| 3 | Healthcare | 13.8% |
| 4 | Consumer Discretionary | 10% |
| 5 | Industrials | 8.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ROIC
1651
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $2.42M | ﹤0.01% |
139,543
-118
| -0.1% | -$2.02K |
|
|
CRZO
1652
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $2.42M | ﹤0.01% |
193,889
-630
| -0.3% | -$7.49K |
|
|
VSI
1653
DELISTED
Vitamin Shoppe Inc.
VSI
| $2.42M | ﹤0.01% |
343,005
+206,438
| +151% | +$1.22M |
|
1654
PRA Group
PRAA
$762M
| $2.41M | ﹤0.01% |
90,052
-5,077
| -5% | -$147K |
|
|
CRAY
1655
DELISTED
Cray, Inc.
CRAY
| $2.41M | ﹤0.01% |
92,681
-6,036
| -6% | -$140K |
|
|
CUB
1656
DELISTED
Cubic Corporation
CUB
| $2.41M | ﹤0.01% |
42,889
+4,035
| +10% | +$238K |
|
|
MSGN
1657
DELISTED
MSG Networks Inc.
MSGN
| $2.41M | ﹤0.01% |
110,704
+204
| +0.2% | +$4.7K |
|
|
TIVO
1658
DELISTED
Tivo Inc
TIVO
| $2.4M | ﹤0.01% |
257,318
+48,734
| +23% | +$505K |
|
1659
Criteo S.A. Ordinary Shares
CRTO
$915M
| $2.4M | ﹤0.01% |
119,663
-1,500
| -1% | -$38.2K |
|
1660
Employers Holdings
EIG
$871M
| $2.39M | ﹤0.01% |
59,698
-3,431
| -5% | -$145K |
|
1661
Stoneridge
SRI
$201M
| $2.38M | ﹤0.01% |
82,651
-3,301
| -4% | -$90.2K |
|
|
HIBB
1662
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $2.38M | ﹤0.01% |
104,411
-23,402
| -18% | -$412K |
|
1663
SPX Corp
SPXC
$10.6B
| $2.38M | ﹤0.01% |
68,452
+5,149
| +8% | +$167K |
|
|
CRC
1664
DELISTED
California Resources Corporation
CRC
| $2.38M | ﹤0.01% |
92,555
-5,372
| -5% | -$116K |
|
|
ARI
1665
Apollo Commercial Real Estate
ARI
$886M
| $2.38M | ﹤0.01% |
130,584
-18,432
| -12% | -$332K |
|
1666
ICF International
ICFI
$1.6B
| $2.37M | ﹤0.01% |
31,163
-7,379
| -19% | -$520K |
|
1667
Icahn Enterprises
IEP
$5.33B
| $2.37M | ﹤0.01% |
32,649
-4,740
| -13% | -$331K |
|
1668
CVB Financial
CVBF
$4.08B
| $2.37M | ﹤0.01% |
112,411
-12,731
| -10% | -$279K |
|
1669
CBIZ
CBZ
$2.96B
| $2.37M | ﹤0.01% |
116,868
-13,060
| -10% | -$264K |
|
|
MTSC
1670
DELISTED
MTS Systems Corp
MTSC
| $2.36M | ﹤0.01% |
43,408
-1,211
| -3% | -$61.5K |
|
|
ATSG
1671
DELISTED
Air Transport Services Group
ATSG
| $2.36M | ﹤0.01% |
102,434
+5,462
| +6% | +$126K |
|
1672
Schneider National
SNDR
$6.37B
| $2.36M | ﹤0.01% |
112,131
-5,381
| -5% | -$115K |
|
1673
Helix Energy Solutions
HLX
$1.49B
| $2.36M | ﹤0.01% |
298,145
-18,079
| -6% | -$130K |
|
1674
Global Partners
GLP
$1.69B
| $2.35M | ﹤0.01% |
119,711
| – | – |
|
1675
IMAX
IMAX
$2.92B
| $2.35M | ﹤0.01% |
103,656
+2,607
| +3% | +$55.7K |
|
Similar funds
California Public Employees Retirement System's Q1 2019 Portfolio in Review
As of Q1 2019, California Public Employees Retirement System held 3,308 positions worth $81.2B, up 14% from $71.3B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 4.6%. California Public Employees Retirement System opened 56 new positions and exited 97, leaving the 3,308-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.
- California Public Employees Retirement System's largest Q1 2019 buy was Fox Class B: 1,093,604 shares worth $39.2M.
- California Public Employees Retirement System added most to Walt Disney in Q1 2019, an estimated $135M increase.
- California Public Employees Retirement System's biggest Q1 2019 reduction was Athene Holding Ltd. Class A Common Shares, cutting an estimated $292M.
- California Public Employees Retirement System fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $84.9M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $81.2B portfolio in Q1 2019.
- California Public Employees Retirement System opened 56 new positions and closed 97 in Q1 2019.
- California Public Employees Retirement System's portfolio value rose 14% quarter-over-quarter to $81.2B.
Based on California Public Employees Retirement System's 13F filing for Q1 2019, filed 3 May 2019.