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 | |
|---|---|---|---|---|---|---|
1976
Matthews International
MATW
$733M
| $1.77M | ﹤0.01% |
30,057
+9,857
| +49% | +$526K |
|
|
TIER
1977
DELISTED
TIER REIT, Inc.
TIER
| $1.76M | ﹤0.01% |
74,156
-32,729
| -31% | -$681K |
|
|
BRSS
1978
DELISTED
Global Brass & Copper Hldgs, Inc
BRSS
| $1.76M | ﹤0.01% |
56,215
+13,663
| +32% | +$436K |
|
|
AMAG
1979
DELISTED
AMAG Pharmaceuticals
AMAG
| $1.76M | ﹤0.01% |
90,252
-6,087
| -6% | -$135K |
|
1980
Regis Corp
RGS
$68.3M
| $1.76M | ﹤0.01% |
5,313
-2,882
| -35% | -$939K |
|
|
CAI
1981
DELISTED
CAI International, Inc.
CAI
| $1.75M | ﹤0.01% |
75,429
-7,138
| -9% | -$166K |
|
|
CADE
1982
DELISTED
Cadence Bancorporation
CADE
| $1.75M | ﹤0.01% |
60,660
+7,994
| +15% | +$233K |
|
1983
Ring Energy
REI
$357M
| $1.75M | ﹤0.01% |
138,700
-26,300
| -16% | -$382K |
|
1984
Seacoast Banking Corp of Florida
SBCF
$3.42B
| $1.75M | ﹤0.01% |
55,375
+4,334
| +8% | +$129K |
|
|
MGP
1985
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $1.75M | ﹤0.01% |
57,378
-6,610
| -10% | -$191K |
|
|
NWHM
1986
DELISTED
THE NEW HOME COMPANY INC.
NWHM
| $1.74M | ﹤0.01% |
174,800
| – | – |
|
1987
Arcos Dorados Holdings
ARCO
$1.67B
| $1.74M | ﹤0.01% |
257,541
-85,975
| -25% | -$678K |
|
1988
Atara Biotherapeutics
ATRA
$80.6M
| $1.74M | ﹤0.01% |
1,893
-366
| -16% | -$393K |
|
1989
Ecovyst
ECVT
$1.11B
| $1.74M | ﹤0.01% |
96,566
-3,434
| -3% | -$53.7K |
|
1990
Mercantile Bank Corp
MBWM
$1.05B
| $1.74M | ﹤0.01% |
47,006
-5,758
| -11% | -$207K |
|
1991
Pacira BioSciences
PCRX
$972M
| $1.74M | ﹤0.01% |
54,200
-10,800
| -17% | -$373K |
|
1992
Standard Motor Products
SMP
$889M
| $1.73M | ﹤0.01% |
35,879
+2,119
| +6% | +$99.2K |
|
1993
Lesaka Technologies
LSAK
$414M
| $1.73M | ﹤0.01% |
190,889
-46,365
| -20% | -$429K |
|
1994
OFG Bancorp
OFG
$2.22B
| $1.73M | ﹤0.01% |
123,378
-72,192
| -37% | -$976K |
|
1995
Quad
QUAD
$502M
| $1.73M | ﹤0.01% |
83,221
-15,595
| -16% | -$341K |
|
|
VRTV
1996
DELISTED
VERITIV CORPORATION
VRTV
| $1.72M | ﹤0.01% |
43,259
-26,145
| -38% | -$930K |
|
1997
Hooker Furnishings Corp
HOFT
$163M
| $1.72M | ﹤0.01% |
36,740
-1,360
| -4% | -$55.7K |
|
|
SPTN
1998
DELISTED
SpartanNash
SPTN
| $1.72M | ﹤0.01% |
67,291
-12,779
| -16% | -$264K |
|
|
THR
1999
DELISTED
Thermon Group Holdings
THR
| $1.71M | ﹤0.01% |
74,961
+19,306
| +35% | +$452K |
|
2000
Travelzoo
TZOO
$73.2M
| $1.71M | ﹤0.01% |
100,100
| – | – |
|
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.