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 | |
|---|---|---|---|---|---|---|
2001
Applied Optoelectronics
AAOI
$11.4B
| $1.71M | ﹤0.01% |
38,100
-5,835
| -13% | -$207K |
|
2002
TriCo Bancshares
TCBK
$1.83B
| $1.71M | ﹤0.01% |
45,653
+6,112
| +15% | +$234K |
|
2003
BancFirst
BANF
$3.82B
| $1.71M | ﹤0.01% |
28,857
+16,407
| +132% | +$961K |
|
2004
Coeur Mining
CDE
$19.1B
| $1.71M | ﹤0.01% |
224,540
+26,340
| +13% | +$213K |
|
2005
Financial Institutions
FISI
$821M
| $1.7M | ﹤0.01% |
51,771
+2,072
| +4% | +$66.5K |
|
|
P
2006
Everpure Inc
P
$36.4B
| $1.7M | ﹤0.01% |
71,328
+5,531
| +8% | +$122K |
|
2007
Mesa Laboratories
MLAB
$622M
| $1.7M | ﹤0.01% |
8,046
-1,754
| -18% | -$307K |
|
|
CVIA
2008
DELISTED
Covia Holdings Corporation Common Stock
CVIA
| $1.7M | ﹤0.01% |
+91,400
| New | +$1.93M |
|
|
UHT
2009
Universal Health Realty Income Trust
UHT
$566M
| $1.69M | ﹤0.01% |
26,475
-471
| -2% | -$29K |
|
|
ANH
2010
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $1.69M | ﹤0.01% |
340,755
-95,312
| -22% | -$468K |
|
|
BOLD
2011
DELISTED
Audentes Therapeutics, Inc
BOLD
| $1.68M | ﹤0.01% |
44,057
+33,352
| +312% | +$1.24M |
|
2012
Equitable Holdings
EQH
$14B
| $1.68M | ﹤0.01% |
+81,445
| New | +$1.73M |
|
|
LION
2013
DELISTED
Fidelity Southern Corporation
LION
| $1.68M | ﹤0.01% |
66,052
+9,612
| +17% | +$232K |
|
2014
Century Aluminum
CENX
$5.18B
| $1.68M | ﹤0.01% |
106,463
-9,082
| -8% | -$154K |
|
|
DBD
2015
DELISTED
Diebold Nixdorf Incorporated
DBD
| $1.67M | ﹤0.01% |
140,043
-51,226
| -27% | -$686K |
|
2016
PTC Therapeutics
PTCT
$6.15B
| $1.67M | ﹤0.01% |
49,592
+10,283
| +26% | +$321K |
|
2017
Liberty Latin America Class A
LILA
$1.68B
| $1.67M | ﹤0.01% |
136,238
+1,174
| +0.9% | +$15.4K |
|
|
FLXN
2018
DELISTED
Flexion Therapeutics, Inc.
FLXN
| $1.66M | ﹤0.01% |
64,200
-5,800
| -8% | -$151K |
|
2019
MakeMyTrip
MMYT
$5.78B
| $1.66M | ﹤0.01% |
45,900
-4,100
| -8% | -$147K |
|
|
RESI
2020
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $1.66M | ﹤0.01% |
159,008
-67,481
| -30% | -$701K |
|
2021
First Hawaiian
FHB
$3.34B
| $1.66M | ﹤0.01% |
57,063
-5,293
| -8% | -$153K |
|
2022
Madrigal Pharmaceuticals
MDGL
$12.4B
| $1.65M | ﹤0.01% |
5,908
+2,040
| +53% | +$358K |
|
|
TEN
2023
Tsakos Energy Navigation Ltd
TEN
$1.15B
| $1.65M | ﹤0.01% |
88,835
-57,254
| -39% | -$1.03M |
|
2024
Lattice Semiconductor
LSCC
$17.9B
| $1.65M | ﹤0.01% |
251,605
+805
| +0.3% | +$4.62K |
|
2025
National Bank Holdings
NBHC
$1.92B
| $1.65M | ﹤0.01% |
42,784
+14,738
| +53% | +$543K |
|
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.