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 | |
|---|---|---|---|---|---|---|
|
MCHB
1926
Mechanics Bancorp
MCHB
$3.77B
| $1.91M | ﹤0.01% |
70,880
+15,384
| +28% | +$424K |
|
1927
Adtran
ADTN
$669M
| $1.91M | ﹤0.01% |
128,390
-47,060
| -27% | -$701K |
|
|
QUOT
1928
DELISTED
Quotient Technology Inc
QUOT
| $1.91M | ﹤0.01% |
145,459
-11,241
| -7% | -$150K |
|
1929
Carriage Services
CSV
$536M
| $1.9M | ﹤0.01% |
77,392
-50,204
| -39% | -$1.31M |
|
1930
Tucows
TCX
$145M
| $1.89M | ﹤0.01% |
31,234
-9,737
| -24% | -$605K |
|
|
KNL
1931
DELISTED
Knoll, Inc.
KNL
| $1.89M | ﹤0.01% |
90,817
+21,820
| +32% | +$447K |
|
1932
NVE Corp
NVEC
$580M
| $1.89M | ﹤0.01% |
15,477
-623
| -4% | -$62.2K |
|
1933
Titan International
TWI
$450M
| $1.89M | ﹤0.01% |
175,719
-28,281
| -14% | -$328K |
|
1934
Team
TISI
$100M
| $1.88M | ﹤0.01% |
8,152
-1,743
| -18% | -$335K |
|
1935
Ascendis Pharma A/S
ASND
$16.8B
| $1.88M | ﹤0.01% |
28,281
-15,974
| -36% | -$1.05M |
|
1936
Preferred Bank
PFBC
$1.27B
| $1.88M | ﹤0.01% |
30,606
-594
| -2% | -$38.4K |
|
|
CNBKA
1937
DELISTED
Century Bancorp Inc/Mass
CNBKA
| $1.88M | ﹤0.01% |
24,599
+747
| +3% | +$58.9K |
|
|
RDUS
1938
DELISTED
Radius Health, Inc.
RDUS
| $1.88M | ﹤0.01% |
63,700
-7,200
| -10% | -$227K |
|
|
SIGM
1939
DELISTED
Sigma Designs Inc
SIGM
| $1.88M | ﹤0.01% |
307,746
+9,446
| +3% | +$58.7K |
|
|
DHIL
1940
DELISTED
Diamond Hill
DHIL
| $1.87M | ﹤0.01% |
9,597
-100
| -1% | -$19.8K |
|
1941
Alamo Group
ALG
$2.01B
| $1.86M | ﹤0.01% |
20,630
-3,294
| -14% | -$334K |
|
|
RRD
1942
DELISTED
RR Donnelley & Sons Co.
RRD
| $1.86M | ﹤0.01% |
323,629
-187,140
| -37% | -$1.38M |
|
1943
Dave & Buster's
PLAY
$350M
| $1.86M | ﹤0.01% |
39,140
-1,281
| -3% | -$56.7K |
|
1944
DXP Enterprises
DXPE
$3.05B
| $1.86M | ﹤0.01% |
48,748
-11,718
| -19% | -$451K |
|
1945
Haverty Furniture Companies
HVT
$439M
| $1.86M | ﹤0.01% |
86,171
-13,149
| -13% | -$262K |
|
|
NBLX
1946
DELISTED
Noble Midstream Partners LP
NBLX
| $1.86M | ﹤0.01% |
36,370
+670
| +2% | +$32.3K |
|
1947
Ingersoll Rand
IR
$32.6B
| $1.85M | ﹤0.01% |
63,104
+11,904
| +23% | +$375K |
|
|
MNR
1948
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $1.85M | ﹤0.01% |
111,994
-7,311
| -6% | -$113K |
|
1949
Xencor
XNCR
$1.69B
| $1.83M | ﹤0.01% |
+49,491
| New | +$1.71M |
|
|
FMI
1950
DELISTED
Foundation Medicine, Inc.
FMI
| $1.83M | ﹤0.01% |
13,391
+6,884
| +106% | +$625K |
|
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.