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 | |
|---|---|---|---|---|---|---|
|
FSP
1776
Franklin Street Properties
FSP
$46.5M
| $2.43M | ﹤0.01% |
283,704
-66,990
| -19% | -$531K |
|
1777
Ezcorp Inc
EZPW
$1.78B
| $2.42M | ﹤0.01% |
201,055
-120,898
| -38% | -$1.58M |
|
|
AIMC
1778
DELISTED
Altra Industrial Motion Corp
AIMC
| $2.42M | ﹤0.01% |
56,167
+4,850
| +9% | +$212K |
|
1779
FIVE9
FIVN
$2.48B
| $2.42M | ﹤0.01% |
69,980
+32,036
| +84% | +$1.04M |
|
|
EIGI
1780
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $2.41M | ﹤0.01% |
242,509
-8,927
| -4% | -$76.4K |
|
|
AVX
1781
DELISTED
AVX Corporation
AVX
| $2.41M | ﹤0.01% |
153,963
+31,249
| +25% | +$497K |
|
|
GTY
1782
Getty Realty Corp
GTY
$2.05B
| $2.41M | ﹤0.01% |
85,505
-32,837
| -28% | -$849K |
|
1783
Agree Realty
ADC
$9.31B
| $2.41M | ﹤0.01% |
45,641
+116
| +0.3% | +$5.91K |
|
1784
RadNet
RDNT
$6.08B
| $2.4M | ﹤0.01% |
160,176
-156,636
| -49% | -$2.13M |
|
1785
Tronox
TROX
$960M
| $2.4M | ﹤0.01% |
122,052
-28,093
| -19% | -$523K |
|
|
FTR
1786
DELISTED
Frontier Communications Corp.
FTR
| $2.4M | ﹤0.01% |
448,178
-212,452
| -32% | -$1.73M |
|
|
I
1787
DELISTED
INTELSAT S. A.
I
| $2.39M | ﹤0.01% |
143,474
-167,187
| -54% | -$2.16M |
|
|
IRBT
1788
DELISTED
iRobot
IRBT
| $2.39M | ﹤0.01% |
31,518
-4,827
| -13% | -$321K |
|
|
MTGE
1789
DELISTED
MTGE Investment Corp. Common Stock
MTGE
| $2.39M | ﹤0.01% |
121,808
-56,109
| -32% | -$1.07M |
|
|
EGOV
1790
DELISTED
NIC Inc
EGOV
| $2.38M | ﹤0.01% |
153,168
+48,735
| +47% | +$741K |
|
1791
Marten Transport
MRTN
$1.24B
| $2.38M | ﹤0.01% |
152,210
-33,876
| -18% | -$500K |
|
1792
Andersons Inc
ANDE
$2.21B
| $2.38M | ﹤0.01% |
69,510
+5,169
| +8% | +$171K |
|
1793
Douglas Dynamics
PLOW
$967M
| $2.38M | ﹤0.01% |
49,512
-6,590
| -12% | -$298K |
|
|
AERI
1794
DELISTED
Aerie Pharmaceuticals
AERI
| $2.37M | ﹤0.01% |
35,138
+2,938
| +9% | +$164K |
|
|
INFN
1795
DELISTED
Infinera Corporation Common Stock
INFN
| $2.37M | ﹤0.01% |
238,900
-47,700
| -17% | -$496K |
|
1796
Gray Television
GTN
$513M
| $2.37M | ﹤0.01% |
150,028
+5,728
| +4% | +$68.8K |
|
|
ADAM
1797
Adamas Trust
ADAM
$915M
| $2.37M | ﹤0.01% |
98,418
-26,595
| -21% | -$648K |
|
|
BPMP
1798
DELISTED
BP Midstream Partners LP Common Units representing Limited Partner Interests
BPMP
| $2.37M | ﹤0.01% |
112,707
-12,293
| -10% | -$245K |
|
|
ZGNX
1799
DELISTED
Zogenix, Inc.
ZGNX
| $2.36M | ﹤0.01% |
53,405
-2,995
| -5% | -$123K |
|
|
AMWD
1800
DELISTED
American Woodmark
AMWD
| $2.36M | ﹤0.01% |
25,773
-2,830
| -10% | -$261K |
|
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.