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 |
PepsiCo
PEP
|
+$196M |
| 2 |
Coca-Cola
KO
|
+$195M |
| 3 |
NextEra Energy
NEE
|
+$108M |
| 4 |
McDonald's
MCD
|
+$99.5M |
| 5 |
Newmont
NEM
|
+$97.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apollo Global Management
APO
|
+$475M |
| 2 |
Apple
AAPL
|
+$244M |
| 3 |
Microsoft
MSFT
|
+$198M |
| 4 |
JPMorgan Chase
JPM
|
+$132M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$99.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.05% |
| 2 | Financials | 14.87% |
| 3 | Healthcare | 13.45% |
| 4 | Consumer Discretionary | 9.92% |
| 5 | Consumer Staples | 9.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TIVO
1726
DELISTED
Tivo Inc
TIVO
| $1.91M | ﹤0.01% |
258,986
+1,668
| +0.6% | +$13.4K |
|
|
EVOP
1727
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $1.91M | ﹤0.01% |
60,508
+166
| +0.3% | +$4.84K |
|
1728
Innoviva
INVA
$1.5B
| $1.9M | ﹤0.01% |
130,794
-15,182
| -10% | -$215K |
|
|
CKH
1729
DELISTED
Seacor Holdings Inc.
CKH
| $1.9M | ﹤0.01% |
40,018
-10,751
| -21% | -$472K |
|
|
FSCT
1730
DELISTED
ForeScout Technologies, Inc. Common Stock
FSCT
| $1.9M | ﹤0.01% |
56,082
+1,174
| +2% | +$43.1K |
|
|
GLDD
1731
DELISTED
Great Lakes Dredge & Dock
GLDD
| $1.9M | ﹤0.01% |
171,931
+22,945
| +15% | +$237K |
|
1732
OneMain Financial
OMF
$7.32B
| $1.9M | ﹤0.01% |
56,064
+377
| +0.7% | +$12.3K |
|
|
RTEC
1733
DELISTED
Rudolph Technologies Inc
RTEC
| $1.9M | ﹤0.01% |
68,581
-8,965
| -12% | -$218K |
|
1734
Orion
OEC
$377M
| $1.89M | ﹤0.01% |
88,093
+26,032
| +42% | +$515K |
|
1735
Cohen & Steers
CNS
$4.34B
| $1.89M | ﹤0.01% |
36,642
+9,426
| +35% | +$462K |
|
|
CTRL
1736
DELISTED
Control4 Corporation
CTRL
| $1.89M | ﹤0.01% |
79,381
-5,700
| -7% | -$120K |
|
1737
SFL Corp
SFL
$1.54B
| $1.88M | ﹤0.01% |
150,443
-56,667
| -27% | -$716K |
|
|
MSB
1738
Mesabi Trust
MSB
$309M
| $1.88M | ﹤0.01% |
63,668
-1,409
| -2% | -$42.1K |
|
1739
Tompkins Financial
TMP
$1.43B
| $1.88M | ﹤0.01% |
23,024
+576
| +3% | +$45.7K |
|
1740
Star Bulk Carriers
SBLK
$3.09B
| $1.88M | ﹤0.01% |
194,512
-14,422
| -7% | -$116K |
|
1741
Artivion
AORT
$1.38B
| $1.87M | ﹤0.01% |
62,598
-2,400
| -4% | -$71.2K |
|
1742
Marchex
MCHX
$77.1M
| $1.87M | ﹤0.01% |
398,790
| – | – |
|
1743
Apogee Enterprises
APOG
$904M
| $1.87M | ﹤0.01% |
43,115
-7,981
| -16% | -$312K |
|
1744
Shake Shack
SHAK
$2.9B
| $1.87M | ﹤0.01% |
25,917
-2,102
| -8% | -$130K |
|
1745
Kelly Services Class A
KELYA
$536M
| $1.87M | ﹤0.01% |
71,299
-29,426
| -29% | -$704K |
|
1746
Schneider National
SNDR
$6.12B
| $1.87M | ﹤0.01% |
102,365
-9,766
| -9% | -$189K |
|
|
IHC
1747
DELISTED
Independence Holding Company
IHC
| $1.86M | ﹤0.01% |
48,109
| – | – |
|
|
NTP
1748
DELISTED
Nam Tai Property Inc.
NTP
| $1.86M | ﹤0.01% |
190,996
| – | – |
|
1749
National Healthcare
NHC
$3.39B
| $1.86M | ﹤0.01% |
22,880
-743
| -3% | -$57.4K |
|
1750
Canadian Solar
CSIQ
$1.08B
| $1.85M | ﹤0.01% |
84,896
-109,862
| -56% | -$2.18M |
|
Similar funds
California Public Employees Retirement System's Q2 2019 Portfolio in Review
As of Q2 2019, California Public Employees Retirement System held 3,341 positions worth $84.7B, up 4.4% from $81.2B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System's Q2 2019 filing shows 131 new, 874 increased, 1,775 reduced and 77 closed positions. Its largest new stake was Dow Inc: 1,160,686 shares worth $57.2M. The largest sale was Apollo Global Management, an estimated $475M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 17% a quarter earlier, followed by Financials and Healthcare.
- California Public Employees Retirement System's largest Q2 2019 buy was Dow Inc: 1,160,686 shares worth $57.2M.
- California Public Employees Retirement System added most to PepsiCo in Q2 2019, an estimated $196M increase.
- California Public Employees Retirement System's biggest Q2 2019 reduction was Apollo Global Management, cutting an estimated $475M.
- California Public Employees Retirement System fully exited Ultimate Software Group Inc in Q2 2019, selling an estimated $21.4M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $84.7B portfolio in Q2 2019.
- California Public Employees Retirement System opened 131 new positions and closed 77 in Q2 2019.
- California Public Employees Retirement System's portfolio value rose 4.4% quarter-over-quarter to $84.7B.
Based on California Public Employees Retirement System's 13F filing for Q2 2019, filed 15 Aug 2019.