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 | |
|---|---|---|---|---|---|---|
|
FSP
1901
Franklin Street Properties
FSP
$46.4M
| $2.03M | ﹤0.01% |
253,731
-29,973
| -11% | -$253K |
|
1902
Varex Imaging
VREX
$780M
| $2.02M | ﹤0.01% |
70,653
-5,200
| -7% | -$171K |
|
|
CONN
1903
DELISTED
Conn's Inc.
CONN
| $2.02M | ﹤0.01% |
57,242
-5,248
| -8% | -$188K |
|
|
CBB
1904
DELISTED
Cincinnati Bell Inc.
CBB
| $2.02M | ﹤0.01% |
126,891
+928
| +0.7% | +$12.9K |
|
1905
Camden National
CAC
$996M
| $2.02M | ﹤0.01% |
46,554
+1,032
| +2% | +$46.7K |
|
|
NWLI
1906
DELISTED
National Western Life Group, Inc. Class A
NWLI
| $2.02M | ﹤0.01% |
6,318
-38
| -0.6% | -$12.2K |
|
1907
RE/MAX Holdings
RMAX
$265M
| $2.01M | ﹤0.01% |
45,405
+6,057
| +15% | +$301K |
|
|
TRHC
1908
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
| $2.01M | ﹤0.01% |
24,804
+13,341
| +116% | +$977K |
|
1909
Standard Motor Products
SMP
$870M
| $2.01M | ﹤0.01% |
40,839
+4,960
| +14% | +$246K |
|
|
EIGI
1910
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $2.01M | ﹤0.01% |
228,418
-14,091
| -6% | -$134K |
|
1911
1st Source
SRCE
$2.13B
| $2.01M | ﹤0.01% |
38,137
-4,771
| -11% | -$266K |
|
1912
Ezcorp Inc
EZPW
$1.76B
| $2M | ﹤0.01% |
187,041
-14,014
| -7% | -$160K |
|
1913
TriNet
TNET
$3.22B
| $2M | ﹤0.01% |
35,516
-983
| -3% | -$55.2K |
|
|
LEAF
1914
DELISTED
Leaf Group Ltd.
LEAF
| $2M | ﹤0.01% |
200,040
| – | – |
|
|
DF
1915
DELISTED
Dean Foods Company
DF
| $2M | ﹤0.01% |
281,697
+23,104
| +9% | +$202K |
|
1916
Par Pacific Holdings
PARR
$4.12B
| $2M | ﹤0.01% |
+97,976
| New | +$1.8M |
|
|
GBT
1917
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $1.99M | ﹤0.01% |
52,467
-5,178
| -9% | -$229K |
|
1918
FerroAtlántica
GSM
$818M
| $1.99M | ﹤0.01% |
243,966
-20,400
| -8% | -$163K |
|
1919
Pathward Financial
CASH
$1.79B
| $1.99M | ﹤0.01% |
72,225
+8,511
| +13% | +$255K |
|
1920
AnaptysBio
ANAB
$1.66B
| $1.99M | ﹤0.01% |
19,918
-1,100
| -5% | -$91.3K |
|
1921
Regis Corp
RGS
$70.1M
| $1.97M | ﹤0.01% |
4,827
-486
| -9% | -$186K |
|
|
CNSL
1922
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $1.97M | ﹤0.01% |
151,261
-12,154
| -7% | -$150K |
|
|
BPMP
1923
DELISTED
BP Midstream Partners LP Common Units representing Limited Partner Interests
BPMP
| $1.97M | ﹤0.01% |
104,807
-7,900
| -7% | -$161K |
|
1924
Piper Sandler
PIPR
$5.54B
| $1.97M | ﹤0.01% |
103,152
-10,460
| -9% | -$201K |
|
1925
Boyd Gaming
BYD
$6.05B
| $1.97M | ﹤0.01% |
58,114
+19,787
| +52% | +$707K |
|
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.