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 | |
|---|---|---|---|---|---|---|
|
UHT
1951
Universal Health Realty Income Trust
UHT
$573M
| $1.85M | ﹤0.01% |
24,895
-1,580
| -6% | -$111K |
|
1952
Green Plains
GPRE
$1.09B
| $1.85M | ﹤0.01% |
107,600
-9,600
| -8% | -$164K |
|
1953
America's Car Mart
CRMT
$25.7M
| $1.85M | ﹤0.01% |
23,637
+5,279
| +29% | +$383K |
|
|
ARA
1954
DELISTED
American Renal Associates Holdings, Inc
ARA
| $1.85M | ﹤0.01% |
+85,320
| New | +$1.61M |
|
1955
NeoGenomics
NEO
$2.11B
| $1.84M | ﹤0.01% |
119,830
+35,861
| +43% | +$496K |
|
1956
Xencor
XNCR
$1.71B
| $1.84M | ﹤0.01% |
47,198
-2,293
| -5% | -$93.5K |
|
|
IIN
1957
DELISTED
IntriCon Corporation
IIN
| $1.84M | ﹤0.01% |
32,716
-1,400
| -4% | -$82K |
|
1958
OFG Bancorp
OFG
$2.26B
| $1.84M | ﹤0.01% |
113,715
-9,663
| -8% | -$156K |
|
|
CIO
1959
DELISTED
City Office REIT
CIO
| $1.83M | ﹤0.01% |
145,357
-12,400
| -8% | -$158K |
|
|
COBZ
1960
DELISTED
CoBiz Financial,Inc
COBZ
| $1.83M | ﹤0.01% |
82,795
-8,616
| -9% | -$194K |
|
1961
First Hawaiian
FHB
$3.39B
| $1.83M | ﹤0.01% |
67,351
+10,288
| +18% | +$294K |
|
1962
CRA International
CRAI
$1.07B
| $1.83M | ﹤0.01% |
36,373
-3,719
| -9% | -$203K |
|
1963
Peoples Bancorp
PEBO
$1.49B
| $1.83M | ﹤0.01% |
52,143
+270
| +0.5% | +$9.92K |
|
1964
Virtus Investment Partners
VRTS
$1.14B
| $1.82M | ﹤0.01% |
16,045
-1,200
| -7% | -$152K |
|
1965
uniQure
QURE
$3.26B
| $1.82M | ﹤0.01% |
50,086
+21,659
| +76% | +$806K |
|
1966
Great Southern Bancorp
GSBC
$888M
| $1.82M | ﹤0.01% |
32,854
-1,411
| -4% | -$83.1K |
|
1967
StealthGas
GASS
$343M
| $1.81M | ﹤0.01% |
508,900
| – | – |
|
1968
Citi Trends
CTRN
$621M
| $1.81M | ﹤0.01% |
62,842
-3,492
| -5% | -$103K |
|
1969
Ingersoll Rand
IR
$32.7B
| $1.8M | ﹤0.01% |
63,679
+575
| +0.9% | +$16.1K |
|
1970
Ethan Allen Interiors
ETD
$583M
| $1.79M | ﹤0.01% |
86,370
-983
| -1% | -$22.5K |
|
1971
Ceragon Networks
CRNT
$198M
| $1.79M | ﹤0.01% |
531,175
+359,120
| +209% | +$1.22M |
|
1972
Monarch Casino & Resort
MCRI
$2.2B
| $1.79M | ﹤0.01% |
39,325
+7,017
| +22% | +$326K |
|
|
RRD
1973
DELISTED
RR Donnelley & Sons Co.
RRD
| $1.79M | ﹤0.01% |
330,886
+7,257
| +2% | +$39.1K |
|
1974
Univest Financial
UVSP
$1.19B
| $1.79M | ﹤0.01% |
67,513
-7,576
| -10% | -$211K |
|
|
VIVO
1975
DELISTED
Meridian Bioscience Inc
VIVO
| $1.78M | ﹤0.01% |
119,532
+33,146
| +38% | +$514K |
|
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.