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 | |
|---|---|---|---|---|---|---|
|
CARO
2001
DELISTED
Carolina Financial Corp.
CARO
| $1.72M | ﹤0.01% |
45,568
+15,725
| +53% | +$651K |
|
|
GOV
2002
DELISTED
Government Properties Income Trust
GOV
| $1.72M | ﹤0.01% |
152,270
-8,600
| -5% | -$134K |
|
|
MSB
2003
Mesabi Trust
MSB
$305M
| $1.72M | ﹤0.01% |
64,701
+8,642
| +15% | +$235K |
|
2004
Ceco Environmental
CECO
$4.5B
| $1.71M | ﹤0.01% |
217,478
+196,121
| +918% | +$1.49M |
|
2005
HealthStream
HSTM
$849M
| $1.71M | ﹤0.01% |
55,274
-4,100
| -7% | -$123K |
|
2006
Primoris Services
PRIM
$4.35B
| $1.71M | ﹤0.01% |
68,774
-3,925
| -5% | -$103K |
|
|
CAI
2007
DELISTED
CAI International, Inc.
CAI
| $1.7M | ﹤0.01% |
74,479
-950
| -1% | -$23.2K |
|
2008
The RMR Group
RMR
$346M
| $1.7M | ﹤0.01% |
18,341
+6,751
| +58% | +$594K |
|
2009
Northrim BanCorp
NRIM
$601M
| $1.7M | ﹤0.01% |
163,772
-1,592
| -1% | -$16.8K |
|
2010
Stratasys
SSYS
$779M
| $1.7M | ﹤0.01% |
73,573
-5,200
| -7% | -$117K |
|
2011
TFS Financial
TFSL
$4.93B
| $1.7M | ﹤0.01% |
113,250
-13,780
| -11% | -$215K |
|
2012
Winmark
WINA
$1.26B
| $1.7M | ﹤0.01% |
10,240
-341
| -3% | -$51.9K |
|
|
SHOE
2013
Shoe Station Group
SHOE
$415M
| $1.7M | ﹤0.01% |
88,126
-9,412
| -10% | -$167K |
|
|
BOLD
2014
DELISTED
Audentes Therapeutics, Inc
BOLD
| $1.69M | ﹤0.01% |
42,790
-1,267
| -3% | -$47.2K |
|
|
TIER
2015
DELISTED
TIER REIT, Inc.
TIER
| $1.69M | ﹤0.01% |
70,299
-3,857
| -5% | -$91.3K |
|
2016
Ducommun
DCO
$3.01B
| $1.69M | ﹤0.01% |
41,424
-195
| -0.5% | -$7.29K |
|
2017
Matthews International
MATW
$722M
| $1.69M | ﹤0.01% |
33,667
+3,610
| +12% | +$194K |
|
|
BZUN
2018
Baozun
BZUN
$168M
| $1.69M | ﹤0.01% |
34,675
+6,927
| +25% | +$375K |
|
2019
Liberty Latin America Class A
LILA
$1.67B
| $1.68M | ﹤0.01% |
126,115
-10,123
| -7% | -$127K |
|
|
CSII
2020
DELISTED
Cardiovascular Systems, Inc.
CSII
| $1.68M | ﹤0.01% |
42,979
+2,779
| +7% | +$103K |
|
2021
BancFirst
BANF
$3.89B
| $1.68M | ﹤0.01% |
27,978
-879
| -3% | -$54.9K |
|
|
ZVO
2022
DELISTED
Zovio Inc. Common Stock
ZVO
| $1.67M | ﹤0.01% |
164,555
-5,860
| -3% | -$61.8K |
|
|
PRMW
2023
DELISTED
Primo Water Corporation
PRMW
| $1.67M | ﹤0.01% |
92,547
+31,742
| +52% | +$589K |
|
|
ALX
2024
Alexander's
ALX
$1.4B
| $1.66M | ﹤0.01% |
4,832
-755
| -14% | -$276K |
|
2025
KLX Energy Services
KLXE
$36M
| $1.66M | ﹤0.01% |
+10,368
| New | +$1.56M |
|
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.