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 | |
|---|---|---|---|---|---|---|
1676
Westlake Chemical Partners
WLKP
$764M
| $2.85M | ﹤0.01% |
127,500
| – | – |
|
|
AD
1677
Array Digital Infrastructure
AD
$3.09B
| $2.83M | ﹤0.01% |
70,510
-9,529
| -12% | -$354K |
|
1678
Marten Transport
MRTN
$1.24B
| $2.83M | ﹤0.01% |
186,086
+17,180
| +10% | +$255K |
|
|
NTP
1679
DELISTED
Nam Tai Property Inc.
NTP
| $2.83M | ﹤0.01% |
227,154
-8,875
| -4% | -$115K |
|
1680
Upbound Group
UPBD
$1.15B
| $2.83M | ﹤0.01% |
327,624
-159,460
| -33% | -$1.53M |
|
|
TMHC
1681
DELISTED
Taylor Morrison
TMHC
| $2.82M | ﹤0.01% |
121,121
+32,437
| +37% | +$809K |
|
|
NTUS
1682
DELISTED
Natus Medical Inc
NTUS
| $2.82M | ﹤0.01% |
83,700
-5,129
| -6% | -$162K |
|
|
AMWD
1683
DELISTED
American Woodmark
AMWD
| $2.82M | ﹤0.01% |
28,603
-19
| -0.1% | -$2.38K |
|
|
CRZO
1684
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $2.81M | ﹤0.01% |
175,900
-8,500
| -5% | -$160K |
|
|
ENDP
1685
DELISTED
Endo International plc
ENDP
| $2.81M | ﹤0.01% |
472,909
+56,609
| +14% | +$396K |
|
1686
Bloomin' Brands
BLMN
$924M
| $2.81M | ﹤0.01% |
115,566
+9,099
| +9% | +$206K |
|
|
ARR
1687
Armour Residential REIT
ARR
$2.37B
| $2.81M | ﹤0.01% |
24,100
-6,014
| -20% | -$702K |
|
|
HCR
1688
DELISTED
Hi-Crush Inc. Common Stock
HCR
| $2.8M | ﹤0.01% |
264,200
| – | – |
|
|
TEP
1689
DELISTED
Tallgrass Energy Partners, LP
TEP
| $2.79M | ﹤0.01% |
73,750
-3,200
| -4% | -$133K |
|
|
EFII
1690
DELISTED
Electronics for Imaging
EFII
| $2.79M | ﹤0.01% |
102,082
-1,798
| -2% | -$51.6K |
|
1691
Meritage Homes
MTH
$4.8B
| $2.79M | ﹤0.01% |
123,088
+2,602
| +2% | +$62.1K |
|
1692
Civeo
CVEO
$344M
| $2.78M | ﹤0.01% |
61,492
-23,946
| -28% | -$1.01M |
|
1693
AMERISAFE
AMSF
$504M
| $2.78M | ﹤0.01% |
50,290
-1,380
| -3% | -$80.6K |
|
|
RDUS
1694
DELISTED
Radius Recycling
RDUS
| $2.78M | ﹤0.01% |
85,865
-6,485
| -7% | -$226K |
|
1695
Tronox
TROX
$958M
| $2.77M | ﹤0.01% |
150,145
-16,568
| -10% | -$330K |
|
|
WWE
1696
DELISTED
World Wrestling Entertainment
WWE
| $2.77M | ﹤0.01% |
76,871
+13,726
| +22% | +$483K |
|
1697
Resources Connection
RGP
$145M
| $2.76M | ﹤0.01% |
170,304
-13,975
| -8% | -$224K |
|
1698
Northwest Natural Holdings
NWN
$2.14B
| $2.76M | ﹤0.01% |
47,817
-5,756
| -11% | -$323K |
|
1699
Albany International
AIN
$1.82B
| $2.75M | ﹤0.01% |
43,902
-95
| -0.2% | -$6.07K |
|
1700
Four Corners Property Trust
FCPT
$2.76B
| $2.75M | ﹤0.01% |
118,932
-33,696
| -22% | -$776K |
|
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.