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 |
PepsiCo
PEP
|
+$196M |
| 2 |
Coca-Cola
KO
|
+$195M |
| 3 |
NextEra Energy
NEE
|
+$108M |
| 4 |
McDonald's
MCD
|
+$99.5M |
| 5 |
Newmont
NEM
|
+$97.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apollo Global Management
APO
|
+$475M |
| 2 |
Apple
AAPL
|
+$244M |
| 3 |
Microsoft
MSFT
|
+$198M |
| 4 |
JPMorgan Chase
JPM
|
+$132M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$99.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.05% |
| 2 | Financials | 14.87% |
| 3 | Healthcare | 13.45% |
| 4 | Consumer Discretionary | 9.92% |
| 5 | Consumer Staples | 9.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1876
Brookdale Senior Living
BKD
$3B
| $1.55M | ﹤0.01% |
215,387
-113,678
| -35% | -$750K |
|
|
AIFU
1877
AIFU Inc
AIFU
$219M
| $1.55M | ﹤0.01% |
116
-3
| -3% | -$34.2K |
|
|
SNCR
1878
DELISTED
Synchronoss Technologies
SNCR
| $1.55M | ﹤0.01% |
21,760
+1,127
| +5% | +$63.6K |
|
|
NTUS
1879
DELISTED
Natus Medical Inc
NTUS
| $1.55M | ﹤0.01% |
60,311
-2,600
| -4% | -$66.3K |
|
1880
Carriage Services
CSV
$534M
| $1.53M | ﹤0.01% |
80,528
-9,044
| -10% | -$172K |
|
1881
Douglas Dynamics
PLOW
$979M
| $1.53M | ﹤0.01% |
38,483
-1,100
| -3% | -$41.9K |
|
1882
Amcor
AMCR
$21.9B
| $1.53M | ﹤0.01% |
+26,636
| New | +$1.48M |
|
1883
UFP Technologies
UFPT
$2.49B
| $1.53M | ﹤0.01% |
36,731
+1,731
| +5% | +$65.6K |
|
|
HT
1884
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $1.53M | ﹤0.01% |
92,355
-10,245
| -10% | -$181K |
|
1885
Helios Technologies
HLIO
$2.68B
| $1.53M | ﹤0.01% |
32,876
+5,476
| +20% | +$256K |
|
1886
Marten Transport
MRTN
$1.18B
| $1.52M | ﹤0.01% |
125,721
-1,500
| -1% | -$18.7K |
|
1887
Kosmos Energy
KOS
$1.52B
| $1.52M | ﹤0.01% |
242,400
-26,381
| -10% | -$168K |
|
1888
Inogen
INGN
$157M
| $1.52M | ﹤0.01% |
22,722
-4,930
| -18% | -$375K |
|
1889
Nabors Industries
NBR
$1.3B
| $1.51M | ﹤0.01% |
10,447
-3,628
| -26% | -$579K |
|
1890
GDS Holdings
GDS
$6.54B
| $1.51M | ﹤0.01% |
40,279
-1,836
| -4% | -$66.9K |
|
|
KRA
1891
DELISTED
Kraton Corporation
KRA
| $1.51M | ﹤0.01% |
48,686
-1,400
| -3% | -$42.3K |
|
|
SLCA
1892
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $1.51M | ﹤0.01% |
118,133
-3,900
| -3% | -$53.2K |
|
|
LTRPA
1893
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $1.51M | ﹤0.01% |
121,477
-34,407
| -22% | -$451K |
|
1894
Virtu Financial
VIRT
$4.86B
| $1.5M | ﹤0.01% |
69,030
+4,469
| +7% | +$105K |
|
1895
Willis Lease Finance
WLFC
$1.16B
| $1.5M | ﹤0.01% |
77,052
+552
| +0.7% | +$9.31K |
|
1896
Ternium
TX
$10.7B
| $1.49M | ﹤0.01% |
66,507
-160,816
| -71% | -$4.02M |
|
|
ESPR
1897
DELISTED
Esperion Therapeutics
ESPR
| $1.49M | ﹤0.01% |
32,047
+4,847
| +18% | +$228K |
|
1898
CTS Corp
CTS
$1.83B
| $1.49M | ﹤0.01% |
54,000
-636
| -1% | -$18.3K |
|
1899
Editas Medicine
EDIT
$453M
| $1.49M | ﹤0.01% |
60,200
-1,100
| -2% | -$26.3K |
|
1900
OFG Bancorp
OFG
$2.22B
| $1.49M | ﹤0.01% |
62,547
-9,772
| -14% | -$195K |
|
Similar funds
California Public Employees Retirement System's Q2 2019 Portfolio in Review
As of Q2 2019, California Public Employees Retirement System held 3,341 positions worth $84.7B, up 4.4% from $81.2B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System's Q2 2019 filing shows 131 new, 874 increased, 1,775 reduced and 77 closed positions. Its largest new stake was Dow Inc: 1,160,686 shares worth $57.2M. The largest sale was Apollo Global Management, an estimated $475M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 17% a quarter earlier, followed by Financials and Healthcare.
- California Public Employees Retirement System's largest Q2 2019 buy was Dow Inc: 1,160,686 shares worth $57.2M.
- California Public Employees Retirement System added most to PepsiCo in Q2 2019, an estimated $196M increase.
- California Public Employees Retirement System's biggest Q2 2019 reduction was Apollo Global Management, cutting an estimated $475M.
- California Public Employees Retirement System fully exited Ultimate Software Group Inc in Q2 2019, selling an estimated $21.4M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $84.7B portfolio in Q2 2019.
- California Public Employees Retirement System opened 131 new positions and closed 77 in Q2 2019.
- California Public Employees Retirement System's portfolio value rose 4.4% quarter-over-quarter to $84.7B.
Based on California Public Employees Retirement System's 13F filing for Q2 2019, filed 15 Aug 2019.