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 | |
|---|---|---|---|---|---|---|
1826
Kinsale Capital Group
KNSL
$8.59B
| $2.28M | ﹤0.01% |
35,772
-4,913
| -12% | -$292K |
|
1827
National CineMedia
NCMI
$252M
| $2.28M | ﹤0.01% |
21,566
+4,033
| +23% | +$358K |
|
|
PGTI
1828
DELISTED
PGT, Inc.
PGTI
| $2.28M | ﹤0.01% |
105,761
+19,064
| +22% | +$445K |
|
1829
Global Partners
GLP
$1.69B
| $2.27M | ﹤0.01% |
124,954
-4,656
| -4% | -$86.8K |
|
1830
Andersons Inc
ANDE
$2.21B
| $2.27M | ﹤0.01% |
60,333
-9,177
| -13% | -$346K |
|
1831
NGL Energy Partners
NGL
$2.13B
| $2.26M | ﹤0.01% |
194,878
-6,013
| -3% | -$73.1K |
|
|
CNR
1832
Core Natural Resources Inc
CNR
$4.64B
| $2.26M | ﹤0.01% |
55,279
-2,834
| -5% | -$119K |
|
|
CRAY
1833
DELISTED
Cray, Inc.
CRAY
| $2.25M | ﹤0.01% |
104,700
-6,503
| -6% | -$150K |
|
1834
CareTrust REIT
CTRE
$9.18B
| $2.25M | ﹤0.01% |
127,033
-11,805
| -9% | -$208K |
|
1835
Innoviva
INVA
$1.5B
| $2.25M | ﹤0.01% |
147,494
-13,005
| -8% | -$187K |
|
1836
Regenxbio
RGNX
$704M
| $2.25M | ﹤0.01% |
29,743
+9,604
| +48% | +$692K |
|
1837
Alamo Group
ALG
$1.99B
| $2.24M | ﹤0.01% |
24,495
+3,865
| +19% | +$364K |
|
|
PRSU
1838
Pursuit Attractions and Hospitality Inc
PRSU
$1.29B
| $2.24M | ﹤0.01% |
37,866
+5,197
| +16% | +$307K |
|
|
QADA
1839
DELISTED
QAD Inc.
QADA
| $2.24M | ﹤0.01% |
39,602
+9,805
| +33% | +$535K |
|
|
PTLA
1840
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $2.24M | ﹤0.01% |
84,100
-6,200
| -7% | -$202K |
|
|
CHMI
1841
Cherry Hill Mortgage Investment Corp
CHMI
$108M
| $2.23M | ﹤0.01% |
123,376
| – | – |
|
1842
Houlihan Lokey
HLI
$9.24B
| $2.23M | ﹤0.01% |
49,669
+7,267
| +17% | +$352K |
|
|
GTY
1843
Getty Realty Corp
GTY
$2.05B
| $2.22M | ﹤0.01% |
77,836
-7,669
| -9% | -$220K |
|
|
SIRE
1844
DELISTED
Sisecam Resources LP
SIRE
| $2.22M | ﹤0.01% |
81,800
| – | – |
|
|
TOWR
1845
DELISTED
Tower International, Inc.
TOWR
| $2.22M | ﹤0.01% |
73,358
-7,333
| -9% | -$238K |
|
1846
Lakeland Financial Corp
LKFN
$1.56B
| $2.21M | ﹤0.01% |
47,547
-4,090
| -8% | -$200K |
|
|
RTEC
1847
DELISTED
Rudolph Technologies Inc
RTEC
| $2.21M | ﹤0.01% |
90,261
+3,474
| +4% | +$95.7K |
|
|
KNL
1848
DELISTED
Knoll, Inc.
KNL
| $2.2M | ﹤0.01% |
93,799
+2,982
| +3% | +$67.4K |
|
1849
Orthofix Medical
OFIX
$415M
| $2.2M | ﹤0.01% |
38,031
-2,956
| -7% | -$166K |
|
1850
Globant
GLOB
$1.77B
| $2.19M | ﹤0.01% |
37,200
+364
| +1% | +$21.3K |
|
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.