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 | |
|---|---|---|---|---|---|---|
1951
Corcept Therapeutics
CORT
$12.1B
| $1.37M | ﹤0.01% |
123,037
-800
| -0.6% | -$8.91K |
|
1952
Standard BioTools
LAB
$309M
| $1.37M | ﹤0.01% |
111,311
+50,405
| +83% | +$642K |
|
1953
Ecovyst
ECVT
$1.11B
| $1.37M | ﹤0.01% |
86,157
-1,300
| -1% | -$20.5K |
|
1954
e.l.f. Beauty
ELF
$5.61B
| $1.36M | ﹤0.01% |
96,813
+1,313
| +1% | +$15.9K |
|
|
MNR
1955
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $1.36M | ﹤0.01% |
100,591
+4,174
| +4% | +$57.3K |
|
|
CARB
1956
DELISTED
Carbonite Inc
CARB
| $1.36M | ﹤0.01% |
52,286
-1,380
| -3% | -$33.7K |
|
1957
TTM Technologies
TTMI
$13.8B
| $1.36M | ﹤0.01% |
133,296
-6,709
| -5% | -$74.3K |
|
1958
Warrior Met Coal
HCC
$5.16B
| $1.36M | ﹤0.01% |
51,984
+14,814
| +40% | +$422K |
|
1959
Addus HomeCare
ADUS
$2.18B
| $1.36M | ﹤0.01% |
18,107
+1,133
| +7% | +$78.3K |
|
|
PR
1960
Permian Resources
PR
$18B
| $1.36M | ﹤0.01% |
178,632
+39,232
| +28% | +$349K |
|
|
MIK
1961
DELISTED
Michaels Stores, Inc
MIK
| $1.35M | ﹤0.01% |
155,562
-28,495
| -15% | -$301K |
|
1962
Oil States International
OIS
$532M
| $1.35M | ﹤0.01% |
73,797
-1,408
| -2% | -$25.2K |
|
|
TEN
1963
Tsakos Energy Navigation Ltd
TEN
$1.15B
| $1.35M | ﹤0.01% |
82,001
-8,339
| -9% | -$134K |
|
|
AHRT
1964
AH Realty Trust
AHRT
$501M
| $1.35M | ﹤0.01% |
81,368
+3,784
| +5% | +$61.6K |
|
1965
Rocky Brands
RCKY
$355M
| $1.34M | ﹤0.01% |
49,297
| – | – |
|
1966
SunCoke Energy
SXC
$786M
| $1.34M | ﹤0.01% |
151,166
+3,125
| +2% | +$25.7K |
|
1967
Arcos Dorados Holdings
ARCO
$1.67B
| $1.34M | ﹤0.01% |
189,062
-3,906
| -2% | -$25.8K |
|
1968
Lindsay Corp
LNN
$1.17B
| $1.34M | ﹤0.01% |
16,260
-1,273
| -7% | -$107K |
|
|
NSA
1969
DELISTED
National Storage Affiliates Trust
NSA
| $1.34M | ﹤0.01% |
46,181
+8,139
| +21% | +$238K |
|
|
SWCH
1970
DELISTED
Switch, Inc. Class A Common Stock
SWCH
| $1.33M | ﹤0.01% |
102,000
-400
| -0.4% | -$4.73K |
|
|
CISN
1971
DELISTED
Cision Ltd. Ordinary Share
CISN
| $1.33M | ﹤0.01% |
113,747
+10,114
| +10% | +$120K |
|
|
FARO
1972
DELISTED
Faro Technologies
FARO
| $1.33M | ﹤0.01% |
25,332
-500
| -2% | -$25.3K |
|
1973
DXP Enterprises
DXPE
$3.03B
| $1.33M | ﹤0.01% |
35,137
-2,763
| -7% | -$106K |
|
|
GES
1974
DELISTED
Guess Inc
GES
| $1.33M | ﹤0.01% |
82,342
-66,980
| -45% | -$1.16M |
|
|
QADA
1975
DELISTED
QAD Inc.
QADA
| $1.33M | ﹤0.01% |
33,020
-2,225
| -6% | -$99.1K |
|
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.