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 | |
|---|---|---|---|---|---|---|
1876
Lindsay Corp
LNN
$1.17B
| $2.1M | ﹤0.01% |
20,929
-2,162
| -9% | -$203K |
|
1877
Chegg
CHGG
$89.3M
| $2.1M | ﹤0.01% |
73,767
+35,326
| +92% | +$1.05M |
|
|
AERI
1878
DELISTED
Aerie Pharmaceuticals
AERI
| $2.1M | ﹤0.01% |
34,073
-1,065
| -3% | -$68.5K |
|
|
TSRO
1879
DELISTED
TESARO, Inc.
TSRO
| $2.1M | ﹤0.01% |
53,700
-4,500
| -8% | -$159K |
|
1880
Dynagas LNG Partners
DLNG
$138M
| $2.09M | ﹤0.01% |
237,822
| – | – |
|
1881
Air T
AIRT
$78.1M
| $2.08M | ﹤0.01% |
94,800
| – | – |
|
1882
Adtran
ADTN
$658M
| $2.08M | ﹤0.01% |
117,682
-10,708
| -8% | -$179K |
|
1883
Sonic Automotive
SAH
$2.51B
| $2.08M | ﹤0.01% |
107,358
-5,781
| -5% | -$120K |
|
|
AD
1884
Array Digital Infrastructure
AD
$3.09B
| $2.08M | ﹤0.01% |
46,370
-2,670
| -5% | -$108K |
|
1885
First Busey Corp
BUSE
$2.58B
| $2.07M | ﹤0.01% |
66,799
-4,372
| -6% | -$139K |
|
|
ONCE
1886
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $2.07M | ﹤0.01% |
37,900
-2,900
| -7% | -$198K |
|
|
TRTN
1887
DELISTED
Triton International Limited
TRTN
| $2.06M | ﹤0.01% |
62,073
-2,200
| -3% | -$77.6K |
|
|
CSR
1888
Centerspace
CSR
$939M
| $2.06M | ﹤0.01% |
34,498
-1,191
| -3% | -$65.5K |
|
1889
Suburban Propane Partners
SPH
$1.17B
| $2.06M | ﹤0.01% |
87,609
-10,857
| -11% | -$254K |
|
1890
Clearwater Paper
CLW
$354M
| $2.05M | ﹤0.01% |
69,030
+845
| +1% | +$22.7K |
|
|
TVRD
1891
Tvardi Therapeutics
TVRD
$22.1M
| $2.05M | ﹤0.01% |
2,378
-211
| -8% | -$152K |
|
|
IMPV
1892
DELISTED
Imperva, Inc.
IMPV
| $2.05M | ﹤0.01% |
44,065
-2,400
| -5% | -$116K |
|
1893
Douglas Dynamics
PLOW
$967M
| $2.05M | ﹤0.01% |
46,595
-2,917
| -6% | -$136K |
|
1894
Team
TISI
$101M
| $2.04M | ﹤0.01% |
9,077
+925
| +11% | +$209K |
|
|
CCF
1895
DELISTED
Chase Corporation
CCF
| $2.03M | ﹤0.01% |
16,930
-888
| -5% | -$110K |
|
|
ITG
1896
DELISTED
Investment Technology Group Inc
ITG
| $2.03M | ﹤0.01% |
93,877
-4,778
| -5% | -$104K |
|
1897
Marten Transport
MRTN
$1.24B
| $2.03M | ﹤0.01% |
144,801
-7,409
| -5% | -$110K |
|
1898
Theravance Biopharma
TBPH
$878M
| $2.03M | ﹤0.01% |
62,200
-5,100
| -8% | -$139K |
|
1899
B&G Foods
BGS
$299M
| $2.03M | ﹤0.01% |
73,994
+3,376
| +5% | +$105K |
|
1900
Agree Realty
ADC
$9.34B
| $2.03M | ﹤0.01% |
38,174
-7,467
| -16% | -$406K |
|
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.