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 | |
|---|---|---|---|---|---|---|
1701
Cato Corp
CATO
$66.1M
| $2.74M | ﹤0.01% |
130,419
+6,682
| +5% | +$155K |
|
1702
Northwest Natural Holdings
NWN
$2.12B
| $2.74M | ﹤0.01% |
40,952
-3,417
| -8% | -$223K |
|
|
LTC
1703
LTC Properties
LTC
$2.08B
| $2.73M | ﹤0.01% |
61,802
-6,764
| -10% | -$296K |
|
1704
Heron Therapeutics
HRTX
$60M
| $2.73M | ﹤0.01% |
86,089
+7,534
| +10% | +$281K |
|
1705
Westlake Chemical Partners
WLKP
$763M
| $2.72M | ﹤0.01% |
109,061
-9,400
| -8% | -$239K |
|
|
VRS
1706
DELISTED
Verso Corporation
VRS
| $2.71M | ﹤0.01% |
80,634
+26,248
| +48% | +$686K |
|
|
KMG
1707
DELISTED
KMG Chemicals Inc
KMG
| $2.71M | ﹤0.01% |
35,931
-52
| -0.1% | -$3.88K |
|
|
CBPO
1708
DELISTED
China Biologic Products Holdings, Inc.
CBPO
| $2.71M | ﹤0.01% |
33,907
-1,775
| -5% | -$165K |
|
1709
Medpace
MEDP
$16.8B
| $2.71M | ﹤0.01% |
+45,256
| New | +$2.48M |
|
|
WRD
1710
DELISTED
WildHorse Resource Development
WRD
| $2.71M | ﹤0.01% |
114,588
+6,124
| +6% | +$131K |
|
|
NXGN
1711
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $2.7M | ﹤0.01% |
134,557
-17,490
| -12% | -$371K |
|
1712
Cushman & Wakefield Ltd
CWK
$3.22B
| $2.69M | ﹤0.01% |
+158,095
| New | +$2.83M |
|
|
FIT
1713
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $2.68M | ﹤0.01% |
500,118
-10,832
| -2% | -$64.7K |
|
|
CKH
1714
DELISTED
Seacor Holdings Inc.
CKH
| $2.67M | ﹤0.01% |
54,142
-1,435
| -3% | -$74.3K |
|
1715
Wabash National
WNC
$509M
| $2.67M | ﹤0.01% |
146,553
-8,982
| -6% | -$170K |
|
|
GTHX
1716
DELISTED
G1 Therapeutics, Inc. Common Stock
GTHX
| $2.66M | ﹤0.01% |
50,951
+13,145
| +35% | +$717K |
|
1717
Artisan Partners
APAM
$3.03B
| $2.66M | ﹤0.01% |
82,197
+29
| +0% | +$945 |
|
|
SEM
1718
DELISTED
Select Medical
SEM
| $2.64M | ﹤0.01% |
266,640
-22,731
| -8% | -$235K |
|
|
NP
1719
DELISTED
Neenah, Inc. Common Stock
NP
| $2.64M | ﹤0.01% |
30,595
-4,281
| -12% | -$382K |
|
|
IRBT
1720
DELISTED
iRobot
IRBT
| $2.64M | ﹤0.01% |
24,000
-7,518
| -24% | -$707K |
|
1721
AMERISAFE
AMSF
$520M
| $2.64M | ﹤0.01% |
42,572
-4,284
| -9% | -$267K |
|
1722
Rambus
RMBS
$11B
| $2.64M | ﹤0.01% |
241,676
-20,849
| -8% | -$254K |
|
1723
Vishay Precision Group
VPG
$953M
| $2.63M | ﹤0.01% |
70,444
+4,876
| +7% | +$198K |
|
1724
First Bancorp
FBNC
$2.71B
| $2.63M | ﹤0.01% |
65,006
+11,082
| +21% | +$458K |
|
1725
California Water Service
CWT
$3.08B
| $2.63M | ﹤0.01% |
61,304
-6,050
| -9% | -$248K |
|
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.