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
|
+$200M |
| 2 |
PepsiCo
PEP
|
+$180M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$157M |
| 4 |
Linde
LIN
|
+$156M |
| 5 |
Procter & Gamble
PG
|
+$152M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AET
Aetna Inc
AET
|
+$235M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$180M |
| 3 |
ESRX
Express Scripts Holding Company
ESRX
|
+$142M |
| 4 |
PX
Praxair Inc
PX
|
+$92.8M |
| 5 |
COL
Rockwell Collins
COL
|
+$81.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.4% |
| 2 | Technology | 16.18% |
| 3 | Healthcare | 14.24% |
| 4 | Consumer Discretionary | 9.85% |
| 5 | Industrials | 9.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
RUBY
1726
DELISTED
Rubius Therapeutics, Inc
RUBY
| $2.01M | ﹤0.01% |
+124,777
| New | +$2.27M |
|
|
TOWR
1727
DELISTED
Tower International, Inc.
TOWR
| $2M | ﹤0.01% |
83,825
+10,467
| +14% | +$287K |
|
|
GBT
1728
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $1.99M | ﹤0.01% |
48,567
-3,900
| -7% | -$146K |
|
|
ALEX
1729
DELISTED
Alexander & Baldwin
ALEX
| $1.99M | ﹤0.01% |
108,400
-2,769
| -2% | -$55.8K |
|
1730
Ormat Technologies
ORA
$7.04B
| $1.99M | ﹤0.01% |
37,972
-4,466
| -11% | -$235K |
|
1731
Alamo Group
ALG
$2.07B
| $1.98M | ﹤0.01% |
25,564
+1,069
| +4% | +$89K |
|
|
CKH
1732
DELISTED
Seacor Holdings Inc.
CKH
| $1.98M | ﹤0.01% |
53,371
-771
| -1% | -$34.1K |
|
|
NRE
1733
DELISTED
NorthStar Realty Europe Corp.
NRE
| $1.97M | ﹤0.01% |
135,432
+3,091
| +2% | +$45.6K |
|
|
TIVO
1734
DELISTED
Tivo Inc
TIVO
| $1.96M | ﹤0.01% |
208,584
-26,085
| -11% | -$281K |
|
|
SDRL
1735
DELISTED
Seadrill Limited Common Stock
SDRL
| $1.96M | ﹤0.01% |
200,646
+36,278
| +22% | +$631K |
|
|
ONCE
1736
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $1.95M | ﹤0.01% |
49,900
+12,000
| +32% | +$520K |
|
1737
E.W. Scripps
SSP
$307M
| $1.95M | ﹤0.01% |
124,083
+9,227
| +8% | +$154K |
|
1738
Global Partners
GLP
$1.69B
| $1.95M | ﹤0.01% |
119,711
-5,243
| -4% | -$93.7K |
|
|
AAWW
1739
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $1.95M | ﹤0.01% |
46,146
-9,690
| -17% | -$496K |
|
|
NIHD
1740
DELISTED
NII Holdings, Inc. Common Stock
NIHD
| $1.95M | ﹤0.01% |
440,973
+221,573
| +101% | +$1.23M |
|
|
CNSL
1741
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $1.94M | ﹤0.01% |
196,660
+45,399
| +30% | +$558K |
|
|
DCH
1742
Dauch Corp
DCH
$1.64B
| $1.94M | ﹤0.01% |
174,939
+2,535
| +1% | +$33.9K |
|
1743
Group 1 Automotive
GPI
$3.17B
| $1.94M | ﹤0.01% |
36,814
-1,655
| -4% | -$92K |
|
1744
Frontdoor
FTDR
$5.76B
| $1.94M | ﹤0.01% |
+72,721
| New | +$2.15M |
|
1745
Perdoceo Education
PRDO
$1.95B
| $1.93M | ﹤0.01% |
169,227
-5,782
| -3% | -$76.8K |
|
|
AHT
1746
Ashford Hospitality Trust
AHT
$20.3M
| $1.93M | ﹤0.01% |
489
+36
| +8% | +$180K |
|
1747
Hilton Grand Vacations
HGV
$3.34B
| $1.92M | ﹤0.01% |
72,834
-5,400
| -7% | -$157K |
|
1748
Veracyte
VCYT
$3.73B
| $1.91M | ﹤0.01% |
152,124
+9,824
| +7% | +$116K |
|
|
ENV
1749
DELISTED
ENVESTNET, INC.
ENV
| $1.91M | ﹤0.01% |
38,918
-2,600
| -6% | -$139K |
|
|
ESND
1750
DELISTED
Essendant Inc.
ESND
| $1.91M | ﹤0.01% |
152,077
| – | – |
|
Similar funds
California Public Employees Retirement System's Q4 2018 Portfolio in Review
As of Q4 2018, California Public Employees Retirement System held 3,341 positions worth $71.3B, down 8% from $77.6B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
California Public Employees Retirement System deployed $4.76B of net new capital in Q4 2018, opening 51 new positions and adding to 888 existing holdings. Its largest new stake was Linde: 990,142 shares worth $155M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, down from 17% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $180M trimmed.
- California Public Employees Retirement System's largest Q4 2018 buy was Linde: 990,142 shares worth $155M.
- California Public Employees Retirement System added most to Coca-Cola in Q4 2018, an estimated $200M increase.
- California Public Employees Retirement System's biggest Q4 2018 reduction was Alphabet (Google) Class A, cutting an estimated $180M.
- California Public Employees Retirement System fully exited Aetna Inc in Q4 2018, selling an estimated $235M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $71.3B portfolio in Q4 2018.
- California Public Employees Retirement System opened 51 new positions and closed 89 in Q4 2018.
- California Public Employees Retirement System's portfolio value fell 8% quarter-over-quarter to $71.3B.
Based on California Public Employees Retirement System's 13F filing for Q4 2018, filed 8 Feb 2019.