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 | |
|---|---|---|---|---|---|---|
1726
California Water Service
CWT
$3.07B
| $2.62M | ﹤0.01% |
67,354
-10,397
| -13% | -$407K |
|
|
ANDX
1727
DELISTED
Andeavor Logistics LP
ANDX
| $2.62M | ﹤0.01% |
61,596
-2,093
| -3% | -$93.6K |
|
1728
IMAX
IMAX
$2.72B
| $2.62M | ﹤0.01% |
118,249
-22,151
| -16% | -$494K |
|
|
PPBI
1729
DELISTED
Pacific Premier Bancorp
PPBI
| $2.61M | ﹤0.01% |
68,438
-6,811
| -9% | -$278K |
|
1730
Kosmos Energy
KOS
$1.48B
| $2.61M | ﹤0.01% |
315,518
-8,482
| -3% | -$61.9K |
|
|
GBT
1731
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $2.61M | ﹤0.01% |
57,645
+49,927
| +647% | +$2.27M |
|
1732
Buckle
BKE
$2.33B
| $2.6M | ﹤0.01% |
96,787
-42,670
| -31% | -$1.06M |
|
1733
Four Corners Property Trust
FCPT
$2.72B
| $2.6M | ﹤0.01% |
105,695
-13,237
| -11% | -$303K |
|
|
AAT
1734
American Assets Trust
AAT
$1.37B
| $2.6M | ﹤0.01% |
67,936
-440
| -0.6% | -$15.6K |
|
1735
Usana Health Sciences
USNA
$259M
| $2.6M | ﹤0.01% |
22,550
+1,366
| +6% | +$149K |
|
1736
ICF International
ICFI
$1.58B
| $2.6M | ﹤0.01% |
36,571
+7,954
| +28% | +$540K |
|
|
LGF.A
1737
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $2.6M | ﹤0.01% |
104,620
+29,494
| +39% | +$731K |
|
|
TSRO
1738
DELISTED
TESARO, Inc.
TSRO
| $2.59M | ﹤0.01% |
58,200
-40,133
| -41% | -$1.95M |
|
1739
Rush Enterprises Class A
RUSHA
$9.35B
| $2.59M | ﹤0.01% |
134,163
+39,629
| +42% | +$752K |
|
1740
Rexford Industrial Realty
REXR
$8.07B
| $2.58M | ﹤0.01% |
82,306
-20,565
| -20% | -$629K |
|
|
LBAI
1741
DELISTED
Lakeland Bancorp Inc
LBAI
| $2.58M | ﹤0.01% |
130,101
+24,538
| +23% | +$493K |
|
1742
iShares Russell 2000 ETF
IWM
$81.9B
| $2.58M | ﹤0.01% |
15,734
+13,853
| +736% | +$2.22M |
|
1743
WSFS Financial
WSFS
$4.15B
| $2.58M | ﹤0.01% |
48,336
+34,561
| +251% | +$1.79M |
|
|
RTEC
1744
DELISTED
Rudolph Technologies Inc
RTEC
| $2.57M | ﹤0.01% |
86,787
+9,028
| +12% | +$274K |
|
|
TOWR
1745
DELISTED
Tower International, Inc.
TOWR
| $2.57M | ﹤0.01% |
80,691
-26,974
| -25% | -$812K |
|
|
KEM
1746
DELISTED
KEMET Corporation
KEM
| $2.57M | ﹤0.01% |
106,256
-26,114
| -20% | -$531K |
|
1747
MGP Ingredients
MGPI
$384M
| $2.56M | ﹤0.01% |
28,814
-9,791
| -25% | -$878K |
|
1748
Albany International
AIN
$1.82B
| $2.56M | ﹤0.01% |
42,497
-1,405
| -3% | -$86.9K |
|
|
HIMX
1749
Himax Technologies
HIMX
$2.63B
| $2.55M | ﹤0.01% |
342,378
-160,222
| -32% | -$1.18M |
|
1750
Churchill Downs
CHDN
$6.15B
| $2.55M | ﹤0.01% |
51,606
-13,440
| -21% | -$629K |
|
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.