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 | |
|---|---|---|---|---|---|---|
|
RETA
1876
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $1.6M | ﹤0.01% |
28,503
+25,000
| +714% | +$1.53M |
|
1877
OFG Bancorp
OFG
$2.23B
| $1.6M | ﹤0.01% |
97,049
-16,666
| -15% | -$280K |
|
1878
Opko Health
OPK
$1.04B
| $1.6M | ﹤0.01% |
530,200
-38,232
| -7% | -$130K |
|
|
PPBI
1879
DELISTED
Pacific Premier Bancorp
PPBI
| $1.59M | ﹤0.01% |
62,458
-2,773
| -4% | -$83.7K |
|
1880
Orion
OEC
$369M
| $1.59M | ﹤0.01% |
63,002
-14,736
| -19% | -$384K |
|
1881
StoneCo
STNE
$2.38B
| $1.59M | ﹤0.01% |
+86,261
| New | +$1.99M |
|
1882
CRA International
CRAI
$1.06B
| $1.59M | ﹤0.01% |
37,293
+920
| +3% | +$41.4K |
|
1883
Garrett Motion
GTX
$5.47B
| $1.58M | ﹤0.01% |
+128,208
| New | +$1.74M |
|
|
MRLN
1884
DELISTED
Marlin Business Services Corp
MRLN
| $1.58M | ﹤0.01% |
70,865
-1,937
| -3% | -$49.8K |
|
|
DOOR
1885
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $1.58M | ﹤0.01% |
35,203
-1,970
| -5% | -$107K |
|
|
GMLP
1886
DELISTED
Golar LNG Partners LP
GMLP
| $1.58M | ﹤0.01% |
146,128
-31,331
| -18% | -$412K |
|
1887
Equitable Holdings
EQH
$14B
| $1.58M | ﹤0.01% |
94,837
+13,127
| +16% | +$256K |
|
|
NVEE
1888
DELISTED
NV5 Global
NVEE
| $1.58M | ﹤0.01% |
104,088
-9,036
| -8% | -$168K |
|
1889
Cato Corp
CATO
$65.9M
| $1.57M | ﹤0.01% |
110,281
-20,138
| -15% | -$347K |
|
|
KNL
1890
DELISTED
Knoll, Inc.
KNL
| $1.57M | ﹤0.01% |
95,501
+1,702
| +2% | +$33.3K |
|
1891
CarGurus
CARG
$3.24B
| $1.57M | ﹤0.01% |
46,507
+34,800
| +297% | +$1.39M |
|
|
FSP
1892
Franklin Street Properties
FSP
$47M
| $1.57M | ﹤0.01% |
251,798
-1,933
| -0.8% | -$14.2K |
|
|
USDP
1893
DELISTED
USD PARTNERS LP
USDP
| $1.57M | ﹤0.01% |
150,000
| – | – |
|
1894
Arlo Technologies
ARLO
$1.52B
| $1.56M | ﹤0.01% |
+156,400
| New | +$1.88M |
|
|
PR
1895
Permian Resources
PR
$17.9B
| $1.56M | ﹤0.01% |
141,500
-13,600
| -9% | -$233K |
|
|
BPMP
1896
DELISTED
BP Midstream Partners LP Common Units representing Limited Partner Interests
BPMP
| $1.56M | ﹤0.01% |
100,307
-4,500
| -4% | -$77.9K |
|
|
INN
1897
Summit Hotel Properties
INN
$651M
| $1.56M | ﹤0.01% |
160,117
+39,311
| +33% | +$446K |
|
|
WRD
1898
DELISTED
WildHorse Resource Development
WRD
| $1.56M | ﹤0.01% |
110,288
-4,300
| -4% | -$84.7K |
|
1899
Karyopharm Therapeutics
KPTI
$47.1M
| $1.55M | ﹤0.01% |
11,050
+8,799
| +391% | +$1.48M |
|
1900
Winmark
WINA
$1.26B
| $1.55M | ﹤0.01% |
9,752
-488
| -5% | -$74.7K |
|
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.