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 | |
|---|---|---|---|---|---|---|
|
SINA
1801
DELISTED
Sina Corp
SINA
| $1.72M | ﹤0.01% |
39,947
-3,836
| -9% | -$201K |
|
1802
Patrick Industries
PATK
$2.81B
| $1.72M | ﹤0.01% |
52,418
-1,650
| -3% | -$51.7K |
|
1803
Enova International
ENVA
$6.4B
| $1.71M | ﹤0.01% |
74,381
-9,377
| -11% | -$225K |
|
1804
White Mountains Insurance
WTM
$5.04B
| $1.71M | ﹤0.01% |
1,673
+750
| +81% | +$721K |
|
|
TWNK
1805
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $1.71M | ﹤0.01% |
118,125
+500
| +0.4% | +$6.7K |
|
1806
Heritage Financial
HFWA
$1.21B
| $1.7M | ﹤0.01% |
57,655
-3,003
| -5% | -$90.4K |
|
1807
GoPro
GPRO
$107M
| $1.7M | ﹤0.01% |
311,711
-82,190
| -21% | -$522K |
|
|
ALX
1808
Alexander's
ALX
$1.39B
| $1.7M | ﹤0.01% |
4,591
+26
| +0.6% | +$9.88K |
|
|
HEES
1809
DELISTED
H&E Equipment Services
HEES
| $1.7M | ﹤0.01% |
58,416
-12,902
| -18% | -$359K |
|
|
AEGN
1810
DELISTED
Aegion Corp
AEGN
| $1.7M | ﹤0.01% |
92,164
-28,189
| -23% | -$480K |
|
|
USDP
1811
DELISTED
USD PARTNERS LP
USDP
| $1.69M | ﹤0.01% |
150,000
| – | – |
|
|
IBTX
1812
DELISTED
Independent Bank Group, Inc.
IBTX
| $1.69M | ﹤0.01% |
30,717
+1,726
| +6% | +$93.9K |
|
|
NSTG
1813
DELISTED
NanoString Technologies, Inc.
NSTG
| $1.69M | ﹤0.01% |
55,581
+5,113
| +10% | +$135K |
|
|
CSII
1814
DELISTED
Cardiovascular Systems, Inc.
CSII
| $1.68M | ﹤0.01% |
39,236
+557
| +1% | +$21.6K |
|
1815
Materion
MTRN
$5.85B
| $1.68M | ﹤0.01% |
24,809
-11,276
| -31% | -$710K |
|
1816
FTAI Aviation
FTAI
$23.2B
| $1.68M | ﹤0.01% |
130,150
-1,885
| -1% | -$25.7K |
|
1817
Clearway Energy Class C
CWEN
$7.08B
| $1.67M | ﹤0.01% |
99,285
-449
| -0.5% | -$7.09K |
|
1818
G-III Apparel Group
GIII
$1.44B
| $1.67M | ﹤0.01% |
56,891
-300
| -0.5% | -$10.2K |
|
|
HOUS
1819
DELISTED
Anywhere Real Estate
HOUS
| $1.67M | ﹤0.01% |
231,150
-17,844
| -7% | -$166K |
|
1820
Mercer International
MERC
$33.5M
| $1.67M | ﹤0.01% |
108,073
-8,427
| -7% | -$127K |
|
1821
Compass Diversified
CODI
$927M
| $1.67M | ﹤0.01% |
87,447
-8,800
| -9% | -$150K |
|
|
ODP
1822
DELISTED
ODP
ODP
| $1.67M | ﹤0.01% |
80,986
-40,099
| -33% | -$908K |
|
1823
Walker & Dunlop
WD
$1.48B
| $1.67M | ﹤0.01% |
31,293
+1,011
| +3% | +$53.5K |
|
1824
Winmark
WINA
$1.33B
| $1.66M | ﹤0.01% |
9,599
-700
| -7% | -$125K |
|
1825
Mercury Insurance
MCY
$5.86B
| $1.66M | ﹤0.01% |
26,566
+321
| +1% | +$17.9K |
|
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.