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 |
AT&T
T
|
+$186M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$142M |
| 3 |
PepsiCo
PEP
|
+$61.8M |
| 4 |
Coca-Cola
KO
|
+$61.8M |
| 5 |
Pfizer
PFE
|
+$54.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$269M |
| 2 |
TWX
Time Warner Inc
TWX
|
+$178M |
| 3 |
Apple
AAPL
|
+$161M |
| 4 |
Microsoft
MSFT
|
+$132M |
| 5 |
Amazon
AMZN
|
+$125M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.84% |
| 2 | Technology | 16.75% |
| 3 | Healthcare | 13.11% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Industrials | 10.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CUTR
1901
DELISTED
Cutera, Inc.
CUTR
| $2.02M | ﹤0.01% |
50,087
-15,757
| -24% | -$726K |
|
|
RPT
1902
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $2.02M | ﹤0.01% |
152,750
-18,266
| -11% | -$223K |
|
1903
OraSure Technologies
OSUR
$261M
| $2.01M | ﹤0.01% |
121,913
-30,635
| -20% | -$517K |
|
1904
TFS Financial
TFSL
$4.84B
| $2M | ﹤0.01% |
127,030
+870
| +0.7% | +$13.4K |
|
1905
StealthGas
GASS
$330M
| $2M | ﹤0.01% |
508,900
| – | – |
|
1906
Movado Group
MOV
$806M
| $2M | ﹤0.01% |
41,384
-5,737
| -12% | -$248K |
|
1907
Interparfums
IPAR
$3.74B
| $2M | ﹤0.01% |
37,292
+3,078
| +9% | +$157K |
|
1908
Primoris Services
PRIM
$4.4B
| $1.98M | ﹤0.01% |
72,699
+28,461
| +64% | +$755K |
|
|
CBB
1909
DELISTED
Cincinnati Bell Inc.
CBB
| $1.98M | ﹤0.01% |
125,963
-52,615
| -29% | -$770K |
|
|
CSR
1910
Centerspace
CSR
$919M
| $1.97M | ﹤0.01% |
35,689
-11,245
| -24% | -$613K |
|
|
HMLP
1911
DELISTED
HOEGH LNG PARTNERS LP
HMLP
| $1.97M | ﹤0.01% |
109,835
-7,365
| -6% | -$131K |
|
|
TRTN
1912
DELISTED
Triton International Limited
TRTN
| $1.97M | ﹤0.01% |
64,273
+1,088
| +2% | +$36K |
|
|
COBZ
1913
DELISTED
CoBiz Financial,Inc
COBZ
| $1.96M | ﹤0.01% |
91,411
+4,911
| +6% | +$104K |
|
1914
Great Southern Bancorp
GSBC
$872M
| $1.96M | ﹤0.01% |
34,265
+1,748
| +5% | +$97.1K |
|
1915
Peoples Bancorp
PEBO
$1.47B
| $1.96M | ﹤0.01% |
51,873
+4,918
| +10% | +$182K |
|
1916
Insteel Industries
IIIN
$626M
| $1.96M | ﹤0.01% |
58,617
-783
| -1% | -$24.2K |
|
|
NWLI
1917
DELISTED
National Western Life Group, Inc. Class A
NWLI
| $1.95M | ﹤0.01% |
6,356
+9
| +0.1% | +$2.81K |
|
|
STBZ
1918
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
| $1.95M | ﹤0.01% |
58,487
+47,586
| +437% | +$1.56M |
|
|
EXTN
1919
DELISTED
Exterran Corporation
EXTN
| $1.95M | ﹤0.01% |
77,897
-24,354
| -24% | -$685K |
|
1920
Dynagas LNG Partners
DLNG
$136M
| $1.95M | ﹤0.01% |
237,822
-17,078
| -7% | -$147K |
|
|
NRE
1921
DELISTED
NorthStar Realty Europe Corp.
NRE
| $1.93M | ﹤0.01% |
133,314
-13,913
| -9% | -$196K |
|
1922
Utah Medical Products
UTMD
$229M
| $1.93M | ﹤0.01% |
17,512
-2,453
| -12% | -$256K |
|
1923
Acadia Pharmaceuticals
ACAD
$5.07B
| $1.93M | ﹤0.01% |
126,200
-25,300
| -17% | -$451K |
|
1924
AMN Healthcare
AMN
$1.24B
| $1.92M | ﹤0.01% |
32,730
+8,933
| +38% | +$533K |
|
|
PEI
1925
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $1.91M | ﹤0.01% |
11,601
-2,802
| -19% | -$437K |
|
Similar funds
California Public Employees Retirement System's Q2 2018 Portfolio in Review
As of Q2 2018, California Public Employees Retirement System held 3,424 positions worth $72.3B, up 3% from $70.2B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System's Q2 2018 filing shows 139 new, 1,115 increased, 1,545 reduced and 134 closed positions. Its largest new stake was Evergy: 605,075 shares worth $34M. The largest sale was Alphabet (Google) Class A, an estimated $269M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System's largest Q2 2018 buy was Evergy: 605,075 shares worth $34M.
- California Public Employees Retirement System added most to AT&T in Q2 2018, an estimated $186M increase.
- California Public Employees Retirement System's biggest Q2 2018 reduction was Alphabet (Google) Class A, cutting an estimated $269M.
- California Public Employees Retirement System fully exited Time Warner Inc in Q2 2018, selling an estimated $178M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $72.3B portfolio in Q2 2018.
- California Public Employees Retirement System opened 139 new positions and closed 134 in Q2 2018.
- California Public Employees Retirement System's portfolio value rose 3% quarter-over-quarter to $72.3B.
Based on California Public Employees Retirement System's 13F filing for Q2 2018, filed 15 Aug 2018.