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 |
AT&T
T
|
+$186M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$142M |
| 3 |
PepsiCo
PEP
|
+$61.8M |
| 4 |
Coca-Cola
KO
|
+$61.8M |
| 5 |
Pfizer
PFE
|
+$54.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$269M |
| 2 |
TWX
Time Warner Inc
TWX
|
+$178M |
| 3 |
Apple
AAPL
|
+$161M |
| 4 |
Microsoft
MSFT
|
+$132M |
| 5 |
Amazon
AMZN
|
+$125M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.84% |
| 2 | Technology | 16.75% |
| 3 | Healthcare | 13.11% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Industrials | 10.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1701
Ormat Technologies
ORA
$7.1B
| $2.73M | ﹤0.01% |
51,405
-3,553
| -6% | -$194K |
|
1702
Paylocity
PCTY
$7.62B
| $2.73M | ﹤0.01% |
46,344
+10,506
| +29% | +$602K |
|
|
KND
1703
DELISTED
Kindred Healthcare
KND
| $2.72M | ﹤0.01% |
302,325
-198,737
| -40% | -$1.78M |
|
1704
Group 1 Automotive
GPI
$3.16B
| $2.72M | ﹤0.01% |
43,159
-10,039
| -19% | -$684K |
|
|
DF
1705
DELISTED
Dean Foods Company
DF
| $2.72M | ﹤0.01% |
258,593
-56,763
| -18% | -$536K |
|
|
DCOM
1706
DELISTED
Dime Community Bancshares
DCOM
| $2.72M | ﹤0.01% |
139,367
+4,968
| +4% | +$97.4K |
|
|
SIR
1707
DELISTED
SELECT INCOME REIT
SIR
| $2.72M | ﹤0.01% |
275,111
-22,418
| -8% | -$202K |
|
1708
FRP Holdings
FRPH
$425M
| $2.71M | ﹤0.01% |
83,850
-6,150
| -7% | -$180K |
|
|
NFBK
1709
DELISTED
Northfield Bancorp
NFBK
| $2.71M | ﹤0.01% |
162,942
+20,158
| +14% | +$327K |
|
|
ATSG
1710
DELISTED
Air Transport Services Group
ATSG
| $2.71M | ﹤0.01% |
119,898
-17,458
| -13% | -$384K |
|
1711
AMERISAFE
AMSF
$517M
| $2.71M | ﹤0.01% |
46,856
-3,434
| -7% | -$200K |
|
|
PFC
1712
DELISTED
Premier Financial Corp. Common Stock
PFC
| $2.71M | ﹤0.01% |
80,710
+6,208
| +8% | +$191K |
|
|
TGE
1713
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $2.7M | ﹤0.01% |
121,760
-12,740
| -9% | -$270K |
|
1714
Golar LNG
GLNG
$5.22B
| $2.69M | ﹤0.01% |
91,260
+2,360
| +3% | +$71.7K |
|
1715
Resources Connection
RGP
$147M
| $2.69M | ﹤0.01% |
158,932
-11,372
| -7% | -$186K |
|
1716
Enterprise Financial Services Corp
EFSC
$2.4B
| $2.68M | ﹤0.01% |
49,749
-3,945
| -7% | -$206K |
|
|
DOOR
1717
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $2.68M | ﹤0.01% |
37,360
+18,760
| +101% | +$1.23M |
|
|
NXTM
1718
DELISTED
NxStage Medical Inc.
NXTM
| $2.68M | ﹤0.01% |
96,138
-8,882
| -8% | -$238K |
|
1719
DMC Global
BOOM
$158M
| $2.68M | ﹤0.01% |
59,672
-14,490
| -20% | -$560K |
|
|
BEST
1720
DELISTED
BEST Inc. American Depositary Shares, each representing twenty (20) Class A Ordinary Shares
BEST
| $2.65M | ﹤0.01% |
10,862
+7,700
| +244% | +$1.76M |
|
|
KMG
1721
DELISTED
KMG Chemicals Inc
KMG
| $2.65M | ﹤0.01% |
35,983
-12,861
| -26% | -$866K |
|
|
JCP
1722
DELISTED
J.C. Penney Company, Inc.
JCP
| $2.65M | ﹤0.01% |
1,131,062
-500,693
| -31% | -$1.41M |
|
|
ARII
1723
DELISTED
American Railcar Industries, Inc.
ARII
| $2.65M | ﹤0.01% |
67,055
-10,192
| -13% | -$395K |
|
|
MTSC
1724
DELISTED
MTS Systems Corp
MTSC
| $2.64M | ﹤0.01% |
50,115
+12,118
| +32% | +$637K |
|
1725
RPC Inc
RES
$1.39B
| $2.64M | ﹤0.01% |
181,045
-31,918
| -15% | -$546K |
|
Similar funds
California Public Employees Retirement System's Q2 2018 Portfolio in Review
As of Q2 2018, California Public Employees Retirement System held 3,424 positions worth $72.3B, up 3% from $70.2B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System's Q2 2018 filing shows 139 new, 1,115 increased, 1,545 reduced and 134 closed positions. Its largest new stake was Evergy: 605,075 shares worth $34M. The largest sale was Alphabet (Google) Class A, an estimated $269M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System's largest Q2 2018 buy was Evergy: 605,075 shares worth $34M.
- California Public Employees Retirement System added most to AT&T in Q2 2018, an estimated $186M increase.
- California Public Employees Retirement System's biggest Q2 2018 reduction was Alphabet (Google) Class A, cutting an estimated $269M.
- California Public Employees Retirement System fully exited Time Warner Inc in Q2 2018, selling an estimated $178M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $72.3B portfolio in Q2 2018.
- California Public Employees Retirement System opened 139 new positions and closed 134 in Q2 2018.
- California Public Employees Retirement System's portfolio value rose 3% quarter-over-quarter to $72.3B.
Based on California Public Employees Retirement System's 13F filing for Q2 2018, filed 15 Aug 2018.