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 | |
|---|---|---|---|---|---|---|
|
AKRX
1876
DELISTED
Akorn Inc
AKRX
| $1.72M | ﹤0.01% |
488,784
| – | – |
|
|
ALX
1877
Alexander's
ALX
$1.4B
| $1.72M | ﹤0.01% |
4,565
-100
| -2% | -$35K |
|
1878
Camden National
CAC
$996M
| $1.72M | ﹤0.01% |
41,158
-4,967
| -11% | -$207K |
|
1879
MidCap Financial Investment
MFIC
$811M
| $1.71M | ﹤0.01% |
113,199
-2,800
| -2% | -$42K |
|
1880
Tompkins Financial
TMP
$1.45B
| $1.71M | ﹤0.01% |
22,448
-9,752
| -30% | -$757K |
|
1881
Workiva
WK
$4.01B
| $1.71M | ﹤0.01% |
33,674
+1,146
| +4% | +$50.4K |
|
|
TVRD
1882
Tvardi Therapeutics
TVRD
$22.1M
| $1.7M | ﹤0.01% |
2,411
| – | – |
|
|
CNR
1883
Core Natural Resources Inc
CNR
$4.64B
| $1.7M | ﹤0.01% |
49,679
-1,200
| -2% | -$42K |
|
1884
Lindsay Corp
LNN
$1.17B
| $1.7M | ﹤0.01% |
17,533
-1,446
| -8% | -$131K |
|
1885
Group 1 Automotive
GPI
$3.14B
| $1.7M | ﹤0.01% |
26,209
-10,605
| -29% | -$644K |
|
|
IHC
1886
DELISTED
Independence Holding Company
IHC
| $1.7M | ﹤0.01% |
48,109
| – | – |
|
|
NP
1887
DELISTED
Neenah, Inc. Common Stock
NP
| $1.7M | ﹤0.01% |
26,339
-3,058
| -10% | -$203K |
|
|
CIO
1888
DELISTED
City Office REIT
CIO
| $1.69M | ﹤0.01% |
149,588
+4,231
| +3% | +$48.2K |
|
1889
Heron Therapeutics
HRTX
$63.5M
| $1.69M | ﹤0.01% |
69,150
-1,119
| -2% | -$29.3K |
|
1890
Boise Cascade
BCC
$2.94B
| $1.69M | ﹤0.01% |
62,967
-4,515
| -7% | -$122K |
|
1891
Phibro Animal Health
PAHC
$1.38B
| $1.68M | ﹤0.01% |
50,948
+4,424
| +10% | +$138K |
|
|
AHT
1892
Ashford Hospitality Trust
AHT
$20.2M
| $1.68M | ﹤0.01% |
358
-131
| -27% | -$632K |
|
|
MCHB
1893
Mechanics Bancorp
MCHB
$3.79B
| $1.68M | ﹤0.01% |
63,601
-4,731
| -7% | -$123K |
|
1894
Kosmos Energy
KOS
$1.51B
| $1.68M | ﹤0.01% |
268,781
-3,500
| -1% | -$19.4K |
|
|
BGG
1895
DELISTED
Briggs & Stratton Corp.
BGG
| $1.67M | ﹤0.01% |
141,058
-20,305
| -13% | -$264K |
|
|
CYOU
1896
DELISTED
Changyou.com Limited American Depositary Share
CYOU
| $1.67M | ﹤0.01% |
97,407
+46,997
| +93% | +$882K |
|
1897
Shake Shack
SHAK
$2.98B
| $1.66M | ﹤0.01% |
28,019
-700
| -2% | -$35.9K |
|
|
EIGI
1898
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $1.65M | ﹤0.01% |
226,969
+6,748
| +3% | +$49.2K |
|
|
NRE
1899
DELISTED
NorthStar Realty Europe Corp.
NRE
| $1.64M | ﹤0.01% |
94,705
-40,727
| -30% | -$692K |
|
1900
TTM Technologies
TTMI
$14.6B
| $1.64M | ﹤0.01% |
140,005
-106,916
| -43% | -$1.23M |
|
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.