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 |
Walt Disney
DIS
|
+$135M |
| 2 |
Coca-Cola
KO
|
+$126M |
| 3 |
PepsiCo
PEP
|
+$122M |
| 4 |
Procter & Gamble
PG
|
+$102M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$101M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$292M |
| 2 |
Mastercard
MA
|
+$244M |
| 3 |
Apple
AAPL
|
+$197M |
| 4 |
RTN
Raytheon Company
RTN
|
+$143M |
| 5 |
Northrop Grumman
NOC
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.56% |
| 2 | Financials | 15.24% |
| 3 | Healthcare | 13.8% |
| 4 | Consumer Discretionary | 10% |
| 5 | Industrials | 8.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
GTS
1826
DELISTED
Triple-S Management Corporation
GTS
| $1.87M | ﹤0.01% |
86,238
+39,065
| +83% | +$795K |
|
|
MIME
1827
DELISTED
Mimecast Limited
MIME
| $1.86M | ﹤0.01% |
39,307
-1,697
| -4% | -$71.3K |
|
1828
CRA International
CRAI
$1.07B
| $1.85M | ﹤0.01% |
36,709
-584
| -2% | -$26.4K |
|
|
JCP
1829
DELISTED
J.C. Penney Company, Inc.
JCP
| $1.85M | ﹤0.01% |
1,243,335
-334,299
| -21% | -$471K |
|
|
INST
1830
DELISTED
Instructure, Inc.
INST
| $1.85M | ﹤0.01% |
39,300
-1,000
| -2% | -$42K |
|
1831
Roku
ROKU
$22.9B
| $1.85M | ﹤0.01% |
28,665
-400
| -1% | -$21.4K |
|
|
RDUS
1832
DELISTED
Radius Recycling
RDUS
| $1.85M | ﹤0.01% |
76,914
-4,325
| -5% | -$102K |
|
1833
CarGurus
CARG
$3.38B
| $1.84M | ﹤0.01% |
45,907
-600
| -1% | -$23.5K |
|
|
TGI
1834
DELISTED
Triumph Group
TGI
| $1.84M | ﹤0.01% |
96,497
-14,927
| -13% | -$281K |
|
1835
FRP Holdings
FRPH
$425M
| $1.83M | ﹤0.01% |
77,050
| – | – |
|
|
NFBK
1836
DELISTED
Northfield Bancorp
NFBK
| $1.83M | ﹤0.01% |
131,684
-18,208
| -12% | -$262K |
|
|
GTT
1837
DELISTED
GTT Communications, Inc.
GTT
| $1.83M | ﹤0.01% |
52,700
-9,220
| -15% | -$271K |
|
1838
Heritage Financial
HFWA
$1.23B
| $1.83M | ﹤0.01% |
60,658
-1,952
| -3% | -$61.1K |
|
1839
Acco Brands
ACCO
$399M
| $1.82M | ﹤0.01% |
212,904
-95,081
| -31% | -$831K |
|
|
GMLP
1840
DELISTED
Golar LNG Partners LP
GMLP
| $1.82M | ﹤0.01% |
141,118
-5,010
| -3% | -$65.5K |
|
1841
Garrett Motion
GTX
$5.35B
| $1.82M | ﹤0.01% |
123,339
-4,869
| -4% | -$73.4K |
|
1842
AnaptysBio
ANAB
$1.66B
| $1.81M | ﹤0.01% |
24,800
-400
| -2% | -$27.6K |
|
|
NVTA
1843
DELISTED
Invitae Corporation
NVTA
| $1.81M | ﹤0.01% |
77,355
+518
| +0.7% | +$9.14K |
|
|
UBNK
1844
DELISTED
United Financial Bancorp, Inc.
UBNK
| $1.81M | ﹤0.01% |
125,861
-20,655
| -14% | -$312K |
|
|
CNCE
1845
DELISTED
Concert Pharmaceuticals, Inc.
CNCE
| $1.8M | ﹤0.01% |
149,079
+59,800
| +67% | +$881K |
|
|
CNBKA
1846
DELISTED
Century Bancorp Inc/Mass
CNBKA
| $1.8M | ﹤0.01% |
24,599
| – | – |
|
1847
Installed Building Products
IBP
$6.54B
| $1.79M | ﹤0.01% |
37,006
+1,078
| +3% | +$46.2K |
|
1848
National Healthcare
NHC
$3.44B
| $1.79M | ﹤0.01% |
23,623
-5,503
| -19% | -$437K |
|
|
HEES
1849
DELISTED
H&E Equipment Services
HEES
| $1.79M | ﹤0.01% |
71,318
-9,909
| -12% | -$261K |
|
1850
Matrix Service
MTRX
$328M
| $1.79M | ﹤0.01% |
91,356
-6,010
| -6% | -$123K |
|
Similar funds
California Public Employees Retirement System's Q1 2019 Portfolio in Review
As of Q1 2019, California Public Employees Retirement System held 3,308 positions worth $81.2B, up 14% from $71.3B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 4.6%. California Public Employees Retirement System opened 56 new positions and exited 97, leaving the 3,308-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.
- California Public Employees Retirement System's largest Q1 2019 buy was Fox Class B: 1,093,604 shares worth $39.2M.
- California Public Employees Retirement System added most to Walt Disney in Q1 2019, an estimated $135M increase.
- California Public Employees Retirement System's biggest Q1 2019 reduction was Athene Holding Ltd. Class A Common Shares, cutting an estimated $292M.
- California Public Employees Retirement System fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $84.9M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $81.2B portfolio in Q1 2019.
- California Public Employees Retirement System opened 56 new positions and closed 97 in Q1 2019.
- California Public Employees Retirement System's portfolio value rose 14% quarter-over-quarter to $81.2B.
Based on California Public Employees Retirement System's 13F filing for Q1 2019, filed 3 May 2019.