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 | |
|---|---|---|---|---|---|---|
|
UBNK
1751
DELISTED
United Financial Bancorp, Inc.
UBNK
| $2.55M | ﹤0.01% |
151,775
-11,996
| -7% | -$211K |
|
|
CVRR
1752
DELISTED
CVR Refining, LP
CVRR
| $2.55M | ﹤0.01% |
129,567
+28,137
| +28% | +$596K |
|
|
MAGN
1753
Magnera Corp
MAGN
$444M
| $2.55M | ﹤0.01% |
10,266
-1,408
| -12% | -$344K |
|
1754
Kelly Services Class A
KELYA
$525M
| $2.55M | ﹤0.01% |
106,016
+978
| +0.9% | +$23.7K |
|
|
GMLP
1755
DELISTED
Golar LNG Partners LP
GMLP
| $2.54M | ﹤0.01% |
177,459
-15,906
| -8% | -$233K |
|
|
ENV
1756
DELISTED
ENVESTNET, INC.
ENV
| $2.53M | ﹤0.01% |
41,518
-1,333
| -3% | -$80.6K |
|
1757
Buckle
BKE
$2.33B
| $2.53M | ﹤0.01% |
109,605
+12,818
| +13% | +$316K |
|
|
ALEX
1758
DELISTED
Alexander & Baldwin
ALEX
| $2.52M | ﹤0.01% |
111,169
-31,499
| -22% | -$747K |
|
|
MTSC
1759
DELISTED
MTS Systems Corp
MTSC
| $2.52M | ﹤0.01% |
45,929
-4,186
| -8% | -$224K |
|
1760
Eagle Bancorp
EGBN
$870M
| $2.51M | ﹤0.01% |
49,648
+4,901
| +11% | +$272K |
|
|
ZGNX
1761
DELISTED
Zogenix, Inc.
ZGNX
| $2.51M | ﹤0.01% |
50,575
-2,830
| -5% | -$144K |
|
|
DCOM
1762
DELISTED
Dime Community Bancshares
DCOM
| $2.51M | ﹤0.01% |
140,413
+1,046
| +0.8% | +$19.4K |
|
|
WIRE
1763
DELISTED
Encore Wire Corp
WIRE
| $2.5M | ﹤0.01% |
49,942
-2,300
| -4% | -$115K |
|
1764
Criteo S.A. Ordinary Shares
CRTO
$865M
| $2.5M | ﹤0.01% |
108,990
-2,478
| -2% | -$70.1K |
|
1765
Interparfums
IPAR
$3.74B
| $2.5M | ﹤0.01% |
38,760
+1,468
| +4% | +$90.1K |
|
1766
Group 1 Automotive
GPI
$3.16B
| $2.5M | ﹤0.01% |
38,469
-4,690
| -11% | -$339K |
|
|
NXTM
1767
DELISTED
NxStage Medical Inc.
NXTM
| $2.5M | ﹤0.01% |
89,546
-6,592
| -7% | -$185K |
|
1768
Orion
OEC
$369M
| $2.5M | ﹤0.01% |
77,738
+5,270
| +7% | +$175K |
|
1769
Terreno Realty
TRNO
$7.44B
| $2.49M | ﹤0.01% |
65,991
-7,784
| -11% | -$292K |
|
1770
Shake Shack
SHAK
$2.88B
| $2.48M | ﹤0.01% |
39,417
+4,164
| +12% | +$253K |
|
1771
Pacira BioSciences
PCRX
$965M
| $2.48M | ﹤0.01% |
50,500
-3,700
| -7% | -$160K |
|
|
CARB
1772
DELISTED
Carbonite Inc
CARB
| $2.48M | ﹤0.01% |
69,593
+3,698
| +6% | +$142K |
|
1773
Rexford Industrial Realty
REXR
$8.07B
| $2.48M | ﹤0.01% |
77,561
-4,745
| -6% | -$149K |
|
|
TPH
1774
DELISTED
Tri Pointe Homes
TPH
| $2.48M | ﹤0.01% |
199,848
-26,955
| -12% | -$399K |
|
|
AVX
1775
DELISTED
AVX Corporation
AVX
| $2.48M | ﹤0.01% |
137,238
-16,725
| -11% | -$322K |
|
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.