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 | |
|---|---|---|---|---|---|---|
1801
SPX Corp
SPXC
$10.7B
| $2.38M | ﹤0.01% |
71,577
-6,518
| -8% | -$230K |
|
|
DOOR
1802
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $2.38M | ﹤0.01% |
37,173
-187
| -0.5% | -$12.8K |
|
|
KBAL
1803
DELISTED
Kimball International
KBAL
| $2.38M | ﹤0.01% |
142,228
-10,837
| -7% | -$184K |
|
|
RDUS
1804
DELISTED
Radius Recycling
RDUS
| $2.38M | ﹤0.01% |
88,001
+24,135
| +38% | +$723K |
|
1805
Rush Enterprises Class A
RUSHA
$9.6B
| $2.37M | ﹤0.01% |
135,891
+1,728
| +1% | +$33K |
|
|
CMO
1806
DELISTED
Capstead Mortgage Corp.
CMO
| $2.37M | ﹤0.01% |
300,167
-42,748
| -12% | -$360K |
|
|
BNCL
1807
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $2.37M | ﹤0.01% |
140,253
-11,378
| -8% | -$194K |
|
|
AAT
1808
American Assets Trust
AAT
$1.4B
| $2.37M | ﹤0.01% |
63,477
-4,459
| -7% | -$171K |
|
1809
AMN Healthcare
AMN
$1.32B
| $2.36M | ﹤0.01% |
43,208
+10,478
| +32% | +$600K |
|
|
NFBK
1810
DELISTED
Northfield Bancorp
NFBK
| $2.36M | ﹤0.01% |
148,321
-14,621
| -9% | -$240K |
|
|
SPPI
1811
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $2.36M | ﹤0.01% |
140,226
-10,602
| -7% | -$229K |
|
|
ATRI
1812
DELISTED
Atrion Corp
ATRI
| $2.35M | ﹤0.01% |
3,380
-303
| -8% | -$195K |
|
|
CBL
1813
DELISTED
CBL& Associates Properties, Inc.
CBL
| $2.35M | ﹤0.01% |
587,943
+3,346
| +0.6% | +$16K |
|
|
AXAS
1814
DELISTED
Abraxas Petroleum Corp
AXAS
| $2.33M | ﹤0.01% |
50,057
-4,345
| -8% | -$213K |
|
|
TA
1815
DELISTED
TravelCenters of America LLC
TA
| $2.33M | ﹤0.01% |
81,792
+886
| +1% | +$20.2K |
|
|
LGF.A
1816
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $2.33M | ﹤0.01% |
95,457
-9,163
| -9% | -$217K |
|
1817
Apogee Enterprises
APOG
$889M
| $2.33M | ﹤0.01% |
56,322
-2,545
| -4% | -$123K |
|
|
LBAI
1818
DELISTED
Lakeland Bancorp Inc
LBAI
| $2.32M | ﹤0.01% |
128,639
-1,462
| -1% | -$28.4K |
|
1819
Amneal Pharmaceuticals
AMRX
$6.15B
| $2.32M | ﹤0.01% |
104,605
-3,646
| -3% | -$76.7K |
|
1820
Astec Industries
ASTE
$979M
| $2.32M | ﹤0.01% |
46,044
+299
| +0.7% | +$15.4K |
|
1821
Progress Software
PRGS
$1.82B
| $2.31M | ﹤0.01% |
65,527
+4,957
| +8% | +$197K |
|
|
FCB
1822
DELISTED
FCB Financial Holdings, Inc.
FCB
| $2.3M | ﹤0.01% |
48,540
-3,875
| -7% | -$205K |
|
1823
Ormat Technologies
ORA
$7.01B
| $2.3M | ﹤0.01% |
42,438
-8,967
| -17% | -$475K |
|
1824
Madrigal Pharmaceuticals
MDGL
$11.9B
| $2.29M | ﹤0.01% |
10,718
+4,810
| +81% | +$1.21M |
|
1825
BioXcel Therapeutics
BTAI
$35.5M
| $2.29M | ﹤0.01% |
18,650
| – | – |
|
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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.