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 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$296M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$240M |
| 3 |
JOBS
51job Inc
JOBS
|
+$22.5M |
| 4 |
Intel
INTC
|
+$22.1M |
| 5 |
WP
Worldpay, Inc.
WP
|
+$21.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$334M |
| 2 |
Amazon
AMZN
|
+$151M |
| 3 |
Johnson & Johnson
JNJ
|
+$80M |
| 4 |
Microsoft
MSFT
|
+$69.8M |
| 5 |
Meta Platforms (Facebook)
META
|
+$65.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.47% |
| 2 | Technology | 16.8% |
| 3 | Healthcare | 12.75% |
| 4 | Industrials | 10.63% |
| 5 | Consumer Discretionary | 10.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BRS
1776
DELISTED
Bristow Group, Inc.
BRS
| $2.47M | ﹤0.01% |
189,788
-71,547
| -27% | -$1.06M |
|
|
ATRI
1777
DELISTED
Atrion Corp
ATRI
| $2.46M | ﹤0.01% |
3,898
-422
| -10% | -$247K |
|
|
WAGE
1778
DELISTED
WageWorks, Inc.
WAGE
| $2.45M | ﹤0.01% |
54,200
-8,904
| -14% | -$487K |
|
|
CSR
1779
Centerspace
CSR
$939M
| $2.44M | ﹤0.01% |
46,934
-6,718
| -13% | -$350K |
|
|
SIRE
1780
DELISTED
Sisecam Resources LP
SIRE
| $2.44M | ﹤0.01% |
90,000
| – | – |
|
1781
Golar LNG
GLNG
$5.21B
| $2.43M | ﹤0.01% |
88,900
-4,200
| -5% | -$118K |
|
1782
Douglas Dynamics
PLOW
$967M
| $2.43M | ﹤0.01% |
56,102
+47,024
| +518% | +$1.95M |
|
1783
Sonic Automotive
SAH
$2.51B
| $2.43M | ﹤0.01% |
128,034
-18,975
| -13% | -$383K |
|
1784
REX American Resources
REX
$1.44B
| $2.41M | ﹤0.01% |
198,906
-10,044
| -5% | -$137K |
|
|
TEN
1785
Tsakos Energy Navigation Ltd
TEN
$1.23B
| $2.41M | ﹤0.01% |
146,089
+7,649
| +6% | +$138K |
|
|
HT
1786
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $2.41M | ﹤0.01% |
134,582
+4,362
| +3% | +$77.5K |
|
1787
Lakeland Financial Corp
LKFN
$1.56B
| $2.41M | ﹤0.01% |
52,035
-1,736
| -3% | -$83.2K |
|
|
EPZM
1788
DELISTED
Epizyme, Inc
EPZM
| $2.4M | ﹤0.01% |
135,500
| – | – |
|
1789
Vishay Precision Group
VPG
$908M
| $2.4M | ﹤0.01% |
77,084
-9,972
| -11% | -$284K |
|
|
KEM
1790
DELISTED
KEMET Corporation
KEM
| $2.4M | ﹤0.01% |
132,370
-15,130
| -10% | -$277K |
|
|
XCRA
1791
DELISTED
Xcerra Corporation
XCRA
| $2.4M | ﹤0.01% |
205,925
+20,906
| +11% | +$216K |
|
|
SFBS
1792
ServisFirst Bancshares
SFBS
$5B
| $2.39M | ﹤0.01% |
58,495
+34,021
| +139% | +$1.43M |
|
1793
Supernus Pharmaceuticals
SUPN
$2.74B
| $2.38M | ﹤0.01% |
52,061
-7,108
| -12% | -$297K |
|
1794
Huron Consulting
HURN
$2.47B
| $2.37M | ﹤0.01% |
62,243
-3,359
| -5% | -$132K |
|
|
AXAS
1795
DELISTED
Abraxas Petroleum Corp
AXAS
| $2.37M | ﹤0.01% |
53,380
| – | – |
|
1796
Ring Energy
REI
$349M
| $2.37M | ﹤0.01% |
165,000
| – | – |
|
|
MNTA
1797
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $2.36M | ﹤0.01% |
130,200
-6,200
| -5% | -$103K |
|
1798
Orion
OEC
$360M
| $2.36M | ﹤0.01% |
87,146
+67,013
| +333% | +$1.87M |
|
|
AIMC
1799
DELISTED
Altra Industrial Motion Corp
AIMC
| $2.36M | ﹤0.01% |
51,317
-1,777
| -3% | -$85.3K |
|
1800
DXP Enterprises
DXPE
$3B
| $2.35M | ﹤0.01% |
60,466
-7,693
| -11% | -$252K |
|
Similar funds
California Public Employees Retirement System's Q1 2018 Portfolio in Review
As of Q1 2018, California Public Employees Retirement System held 3,399 positions worth $70.2B, down 5.1% from $74B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
California Public Employees Retirement System withdrew a net $2.88B in Q1 2018, closing 114 positions and reducing 1,632 holdings. Its most notable exit was Scripps Networks Interactive, Inc Common Class A, an estimated $21M position sold in full.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
Against the trend, California Public Employees Retirement System opened a new position in GCI Liberty, Inc. Class A Common Stock (DE) worth $15.4M.
- California Public Employees Retirement System's largest Q1 2018 buy was GCI Liberty, Inc. Class A Common Stock (DE): 291,278 shares worth $15.4M.
- California Public Employees Retirement System added most to Athene Holding Ltd. Class A Common Shares in Q1 2018, an estimated $296M increase.
- California Public Employees Retirement System's biggest Q1 2018 reduction was Alphabet (Google) Class C, cutting an estimated $334M.
- California Public Employees Retirement System fully exited Scripps Networks Interactive, Inc Common Class A in Q1 2018, selling an estimated $21M.
- California Public Employees Retirement System's ten largest holdings make up 16% of its $70.2B portfolio in Q1 2018.
- California Public Employees Retirement System opened 83 new positions and closed 114 in Q1 2018.
- California Public Employees Retirement System's portfolio value fell 5.1% quarter-over-quarter to $70.2B.
Based on California Public Employees Retirement System's 13F filing for Q1 2018, filed 11 May 2018.