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 | |
|---|---|---|---|---|---|---|
1851
Ennis
EBF
$559M
| $2.19M | ﹤0.01% |
106,865
+33,954
| +47% | +$717K |
|
|
AIMC
1852
DELISTED
Altra Industrial Motion Corp
AIMC
| $2.18M | ﹤0.01% |
52,751
-3,416
| -6% | -$143K |
|
|
ARR
1853
Armour Residential REIT
ARR
$2.37B
| $2.18M | ﹤0.01% |
19,386
-1,071
| -5% | -$125K |
|
|
HTLF
1854
DELISTED
Heartland Financial USA, Inc.
HTLF
| $2.18M | ﹤0.01% |
37,482
-6,907
| -16% | -$410K |
|
|
JCP
1855
DELISTED
J.C. Penney Company, Inc.
JCP
| $2.18M | ﹤0.01% |
1,310,687
+179,625
| +16% | +$381K |
|
|
GOGL
1856
DELISTED
Golden Ocean Group
GOGL
| $2.17M | ﹤0.01% |
220,221
+129,870
| +144% | +$1.18M |
|
1857
PC Connection
CNXN
$2.04B
| $2.17M | ﹤0.01% |
55,797
+44,833
| +409% | +$1.66M |
|
|
BFYT
1858
DELISTED
Benefytt Technologies, Inc. Class A Common Stock
BFYT
| $2.17M | ﹤0.01% |
35,115
+6,292
| +22% | +$287K |
|
|
HDP
1859
DELISTED
Hortonworks, Inc.
HDP
| $2.16M | ﹤0.01% |
94,800
+73,086
| +337% | +$1.52M |
|
1860
Arbor Realty Trust
ABR
$981M
| $2.16M | ﹤0.01% |
187,988
+52,201
| +38% | +$601K |
|
1861
Tennant Co
TNC
$1.15B
| $2.15M | ﹤0.01% |
28,264
-2,529
| -8% | -$196K |
|
1862
Johnson Outdoors
JOUT
$512M
| $2.14M | ﹤0.01% |
23,010
+4,502
| +24% | +$420K |
|
|
APTI
1863
DELISTED
Apptio, Inc. Class A Common Stock
APTI
| $2.14M | ﹤0.01% |
+57,842
| New | +$2.15M |
|
1864
Entravision Communication
EVC
$820M
| $2.13M | ﹤0.01% |
435,754
+239,916
| +123% | +$1.2M |
|
|
LNW
1865
DELISTED
Light & Wonder
LNW
| $2.13M | ﹤0.01% |
83,970
-5,542
| -6% | -$201K |
|
1866
National Healthcare
NHC
$3.44B
| $2.13M | ﹤0.01% |
28,306
-1,474
| -5% | -$108K |
|
1867
Clearway Energy Class C
CWEN
$7.02B
| $2.13M | ﹤0.01% |
110,534
-7,900
| -7% | -$151K |
|
1868
Helios Technologies
HLIO
$2.67B
| $2.13M | ﹤0.01% |
38,823
-3,147
| -7% | -$159K |
|
|
PFC
1869
DELISTED
Premier Financial Corp. Common Stock
PFC
| $2.12M | ﹤0.01% |
70,282
-10,428
| -13% | -$335K |
|
|
EGOV
1870
DELISTED
NIC Inc
EGOV
| $2.11M | ﹤0.01% |
142,326
-10,842
| -7% | -$176K |
|
|
PEGI
1871
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $2.1M | ﹤0.01% |
105,946
-19,079
| -15% | -$368K |
|
|
SASR
1872
DELISTED
Sandy Spring Bancorp Inc
SASR
| $2.1M | ﹤0.01% |
53,535
-7,697
| -13% | -$307K |
|
1873
Corcept Therapeutics
CORT
$11.9B
| $2.1M | ﹤0.01% |
149,908
-7,050
| -4% | -$98.5K |
|
|
QUOT
1874
DELISTED
Quotient Technology Inc
QUOT
| $2.1M | ﹤0.01% |
135,559
-9,900
| -7% | -$144K |
|
|
MRLN
1875
DELISTED
Marlin Business Services Corp
MRLN
| $2.1M | ﹤0.01% |
72,802
+1,551
| +2% | +$45.2K |
|
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.