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 | |
|---|---|---|---|---|---|---|
|
HTBK
2026
DELISTED
Heritage Commerce
HTBK
| $1.65M | ﹤0.01% |
96,870
+3,670
| +4% | +$62.3K |
|
2027
LGI Homes
LGIH
$1.34B
| $1.65M | ﹤0.01% |
28,516
-9,353
| -25% | -$603K |
|
|
GTHX
2028
DELISTED
G1 Therapeutics, Inc. Common Stock
GTHX
| $1.64M | ﹤0.01% |
+37,806
| New | +$1.62M |
|
2029
Rayonier Advanced Materials
RYAM
$590M
| $1.64M | ﹤0.01% |
95,778
-27,570
| -22% | -$531K |
|
2030
Northrim BanCorp
NRIM
$595M
| $1.64M | ﹤0.01% |
165,364
-15,668
| -9% | -$148K |
|
2031
LeMaitre Vascular
LMAT
$1.89B
| $1.63M | ﹤0.01% |
48,819
-822
| -2% | -$29.2K |
|
2032
Independent Bank Corp
IBCP
$844M
| $1.63M | ﹤0.01% |
64,056
-10,052
| -14% | -$250K |
|
2033
Gorman-Rupp
GRC
$2.19B
| $1.63M | ﹤0.01% |
46,494
-449
| -1% | -$14.7K |
|
2034
Pacific Biosciences
PACB
$354M
| $1.62M | ﹤0.01% |
457,400
| – | – |
|
2035
HealthStream
HSTM
$829M
| $1.62M | ﹤0.01% |
59,374
-126
| -0.2% | -$3.34K |
|
2036
Arrow Financial
AROW
$721M
| $1.62M | ﹤0.01% |
53,165
+936
| +2% | +$28.4K |
|
|
SNR
2037
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $1.62M | ﹤0.01% |
213,566
-18,994
| -8% | -$151K |
|
|
FARO
2038
DELISTED
Faro Technologies
FARO
| $1.62M | ﹤0.01% |
29,732
-1,968
| -6% | -$110K |
|
2039
VSE Corp
VSEC
$6.79B
| $1.61M | ﹤0.01% |
33,784
-2,251
| -6% | -$113K |
|
|
USDP
2040
DELISTED
USD PARTNERS LP
USDP
| $1.61M | ﹤0.01% |
150,000
| – | – |
|
|
BMTC
2041
DELISTED
Bryn Mawr Bank Corp
BMTC
| $1.6M | ﹤0.01% |
34,675
-4,808
| -12% | -$222K |
|
|
BFS
2042
Saul Centers
BFS
$853M
| $1.6M | ﹤0.01% |
29,857
-7,355
| -20% | -$368K |
|
|
IHC
2043
DELISTED
Independence Holding Company
IHC
| $1.6M | ﹤0.01% |
48,109
-3,151
| -6% | -$114K |
|
2044
Kadant
KAI
$4B
| $1.6M | ﹤0.01% |
16,635
-23
| -0.1% | -$2.21K |
|
|
INN
2045
Summit Hotel Properties
INN
$651M
| $1.59M | ﹤0.01% |
111,309
-52
| -0% | -$754 |
|
|
SGMO
2046
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $1.59M | ﹤0.01% |
112,130
-22,932
| -17% | -$381K |
|
2047
E.W. Scripps
SSP
$307M
| $1.59M | ﹤0.01% |
118,693
+6,476
| +6% | +$80.7K |
|
2048
BlackRock TCP Capital
TCPC
$327M
| $1.59M | ﹤0.01% |
109,900
+30,600
| +39% | +$444K |
|
2049
Kopin
KOPN
$964M
| $1.58M | ﹤0.01% |
554,200
| – | – |
|
|
SHOE
2050
Shoe Station Group
SHOE
$428M
| $1.58M | ﹤0.01% |
97,538
-31,610
| -24% | -$441K |
|
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.