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 | |
|---|---|---|---|---|---|---|
|
SEMG
2026
DELISTED
SEMGROUP CORPORATION
SEMG
| $1.66M | ﹤0.01% |
75,200
-5,300
| -7% | -$129K |
|
2027
Laureate Education
LAUR
$5.15B
| $1.66M | ﹤0.01% |
107,164
+7,057
| +7% | +$109K |
|
2028
Modine Manufacturing
MOD
$10.8B
| $1.65M | ﹤0.01% |
110,980
-8,400
| -7% | -$143K |
|
2029
Preferred Bank
PFBC
$1.28B
| $1.65M | ﹤0.01% |
28,260
-2,346
| -8% | -$147K |
|
|
BRSS
2030
DELISTED
Global Brass & Copper Hldgs, Inc
BRSS
| $1.65M | ﹤0.01% |
44,792
-11,423
| -20% | -$400K |
|
2031
Standex International
SXI
$3.97B
| $1.65M | ﹤0.01% |
15,824
-1,763
| -10% | -$188K |
|
|
ATRS
2032
DELISTED
Antares Pharma, Inc.
ATRS
| $1.64M | ﹤0.01% |
488,795
+5,195
| +1% | +$16K |
|
2033
PJT Partners
PJT
$4.57B
| $1.64M | ﹤0.01% |
31,310
+5,179
| +20% | +$292K |
|
|
INN
2034
Summit Hotel Properties
INN
$656M
| $1.64M | ﹤0.01% |
120,806
+9,497
| +9% | +$131K |
|
|
MGP
2035
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $1.64M | ﹤0.01% |
55,446
-1,932
| -3% | -$58.1K |
|
2036
Rigel Pharmaceuticals
RIGL
$762M
| $1.63M | ﹤0.01% |
50,809
-4,260
| -8% | -$128K |
|
2037
Altisource Portfolio Solutions
ASPS
$65.6M
| $1.63M | ﹤0.01% |
6,322
+1,107
| +21% | +$301K |
|
2038
Arcos Dorados Holdings
ARCO
$1.71B
| $1.62M | ﹤0.01% |
266,825
+9,284
| +4% | +$61.4K |
|
|
PDLI
2039
DELISTED
PDL BioPharma, Inc.
PDLI
| $1.62M | ﹤0.01% |
616,949
+13,398
| +2% | +$32.9K |
|
|
RESI
2040
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $1.62M | ﹤0.01% |
149,546
-9,462
| -6% | -$105K |
|
2041
Kadant
KAI
$3.91B
| $1.62M | ﹤0.01% |
15,037
-1,598
| -10% | -$159K |
|
2042
Tucows
TCX
$134M
| $1.62M | ﹤0.01% |
29,096
-2,138
| -7% | -$123K |
|
2043
OneSpan
OSPN
$624M
| $1.61M | ﹤0.01% |
84,682
-6,552
| -7% | -$122K |
|
|
INFN
2044
DELISTED
Infinera Corporation Common Stock
INFN
| $1.61M | ﹤0.01% |
220,700
-18,200
| -8% | -$155K |
|
2045
Rayonier Advanced Materials
RYAM
$570M
| $1.6M | ﹤0.01% |
86,833
-8,945
| -9% | -$176K |
|
2046
Carriage Services
CSV
$555M
| $1.6M | ﹤0.01% |
74,192
-3,200
| -4% | -$75.3K |
|
2047
Cerus
CERS
$572M
| $1.6M | ﹤0.01% |
221,681
+94,053
| +74% | +$683K |
|
2048
Ecovyst
ECVT
$1.1B
| $1.6M | ﹤0.01% |
91,457
-5,109
| -5% | -$90.5K |
|
|
PEI
2049
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $1.6M | ﹤0.01% |
11,251
-350
| -3% | -$54.4K |
|
2050
Movado Group
MOV
$796M
| $1.59M | ﹤0.01% |
38,073
-3,311
| -8% | -$155K |
|
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.