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
|
+$200M |
| 2 |
PepsiCo
PEP
|
+$180M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$157M |
| 4 |
Linde
LIN
|
+$156M |
| 5 |
Procter & Gamble
PG
|
+$152M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AET
Aetna Inc
AET
|
+$235M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$180M |
| 3 |
ESRX
Express Scripts Holding Company
ESRX
|
+$142M |
| 4 |
PX
Praxair Inc
PX
|
+$92.8M |
| 5 |
COL
Rockwell Collins
COL
|
+$81.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.4% |
| 2 | Technology | 16.18% |
| 3 | Healthcare | 14.24% |
| 4 | Consumer Discretionary | 9.85% |
| 5 | Industrials | 9.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1851
Camden National
CAC
$982M
| $1.66M | ﹤0.01% |
46,125
-429
| -0.9% | -$17.2K |
|
|
HEES
1852
DELISTED
H&E Equipment Services
HEES
| $1.66M | ﹤0.01% |
81,227
+5,683
| +8% | +$139K |
|
|
NTP
1853
DELISTED
Nam Tai Property Inc.
NTP
| $1.66M | ﹤0.01% |
190,996
| – | – |
|
|
AKRX
1854
DELISTED
Akorn Inc
AKRX
| $1.66M | ﹤0.01% |
488,784
+300,600
| +160% | +$1.79M |
|
|
PFC
1855
DELISTED
Premier Financial Corp. Common Stock
PFC
| $1.65M | ﹤0.01% |
67,451
-2,831
| -4% | -$76.4K |
|
1856
Mercury Insurance
MCY
$5.86B
| $1.65M | ﹤0.01% |
31,807
-3,502
| -10% | -$190K |
|
|
JCP
1857
DELISTED
J.C. Penney Company, Inc.
JCP
| $1.64M | ﹤0.01% |
1,577,634
+266,947
| +20% | +$374K |
|
|
SASR
1858
DELISTED
Sandy Spring Bancorp Inc
SASR
| $1.64M | ﹤0.01% |
52,247
-1,288
| -2% | -$45.5K |
|
1859
Haverty Furniture Companies
HVT
$443M
| $1.63M | ﹤0.01% |
86,916
+2,418
| +3% | +$49.7K |
|
1860
Piper Sandler
PIPR
$5.35B
| $1.63M | ﹤0.01% |
98,752
-4,400
| -4% | -$76.7K |
|
|
ACIA
1861
DELISTED
Acacia Communications Inc
ACIA
| $1.62M | ﹤0.01% |
+42,724
| New | +$1.73M |
|
|
NVRO
1862
DELISTED
NEVRO CORP.
NVRO
| $1.62M | ﹤0.01% |
+41,700
| New | +$1.85M |
|
|
CBPX
1863
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $1.62M | ﹤0.01% |
63,691
+23,911
| +60% | +$699K |
|
1864
Nabors Industries
NBR
$1.3B
| $1.62M | ﹤0.01% |
16,177
-462
| -3% | -$102K |
|
1865
Suburban Propane Partners
SPH
$1.17B
| $1.62M | ﹤0.01% |
83,976
-3,633
| -4% | -$81.7K |
|
1866
Editas Medicine
EDIT
$453M
| $1.62M | ﹤0.01% |
71,082
+26,800
| +61% | +$729K |
|
1867
G-III Apparel Group
GIII
$1.44B
| $1.62M | ﹤0.01% |
57,991
-7,920
| -12% | -$293K |
|
|
HTLF
1868
DELISTED
Heartland Financial USA, Inc.
HTLF
| $1.62M | ﹤0.01% |
36,766
-716
| -2% | -$37.5K |
|
|
CNR
1869
Core Natural Resources Inc
CNR
$4.65B
| $1.61M | ﹤0.01% |
50,879
-4,400
| -8% | -$162K |
|
|
RPT
1870
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $1.61M | ﹤0.01% |
134,948
-4,756
| -3% | -$62.8K |
|
1871
Boise Cascade
BCC
$2.98B
| $1.61M | ﹤0.01% |
67,482
-3,569
| -5% | -$103K |
|
|
HMLP
1872
DELISTED
HOEGH LNG PARTNERS LP
HMLP
| $1.61M | ﹤0.01% |
104,797
| – | – |
|
1873
AnaptysBio
ANAB
$1.71B
| $1.61M | ﹤0.01% |
25,200
+5,282
| +27% | +$393K |
|
1874
Virtu Financial
VIRT
$4.86B
| $1.61M | ﹤0.01% |
+62,332
| New | +$1.5M |
|
1875
Digimarc Corp
DMRC
$172M
| $1.6M | ﹤0.01% |
110,700
| – | – |
|
Similar funds
California Public Employees Retirement System's Q4 2018 Portfolio in Review
As of Q4 2018, California Public Employees Retirement System held 3,341 positions worth $71.3B, down 8% from $77.6B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
California Public Employees Retirement System deployed $4.76B of net new capital in Q4 2018, opening 51 new positions and adding to 888 existing holdings. Its largest new stake was Linde: 990,142 shares worth $155M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, down from 17% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $180M trimmed.
- California Public Employees Retirement System's largest Q4 2018 buy was Linde: 990,142 shares worth $155M.
- California Public Employees Retirement System added most to Coca-Cola in Q4 2018, an estimated $200M increase.
- California Public Employees Retirement System's biggest Q4 2018 reduction was Alphabet (Google) Class A, cutting an estimated $180M.
- California Public Employees Retirement System fully exited Aetna Inc in Q4 2018, selling an estimated $235M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $71.3B portfolio in Q4 2018.
- California Public Employees Retirement System opened 51 new positions and closed 89 in Q4 2018.
- California Public Employees Retirement System's portfolio value fell 8% quarter-over-quarter to $71.3B.
Based on California Public Employees Retirement System's 13F filing for Q4 2018, filed 8 Feb 2019.