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 |
Walt Disney
DIS
|
+$135M |
| 2 |
Coca-Cola
KO
|
+$126M |
| 3 |
PepsiCo
PEP
|
+$122M |
| 4 |
Procter & Gamble
PG
|
+$102M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$101M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$292M |
| 2 |
Mastercard
MA
|
+$244M |
| 3 |
Apple
AAPL
|
+$197M |
| 4 |
RTN
Raytheon Company
RTN
|
+$143M |
| 5 |
Northrop Grumman
NOC
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.56% |
| 2 | Financials | 15.24% |
| 3 | Healthcare | 13.8% |
| 4 | Consumer Discretionary | 10% |
| 5 | Industrials | 8.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ITCI
2026
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $1.35M | ﹤0.01% |
111,100
+54,900
| +98% | +$702K |
|
|
TOWR
2027
DELISTED
Tower International, Inc.
TOWR
| $1.35M | ﹤0.01% |
64,349
-19,476
| -23% | -$500K |
|
|
MAGN
2028
Magnera Corp
MAGN
$437M
| $1.35M | ﹤0.01% |
7,368
-788
| -10% | -$133K |
|
|
LION
2029
DELISTED
Fidelity Southern Corporation
LION
| $1.35M | ﹤0.01% |
49,344
-20,159
| -29% | -$601K |
|
|
AD
2030
Array Digital Infrastructure
AD
$3.08B
| $1.35M | ﹤0.01% |
29,335
-20,046
| -41% | -$1.05M |
|
|
WFT
2031
DELISTED
Weatherford International plc
WFT
| $1.35M | ﹤0.01% |
1,929,534
-246,354
| -11% | -$171K |
|
2032
Arcos Dorados Holdings
ARCO
$1.71B
| $1.35M | ﹤0.01% |
192,968
-52,315
| -21% | -$425K |
|
2033
Applied Optoelectronics
AAOI
$11.5B
| $1.34M | ﹤0.01% |
110,200
+22,200
| +25% | +$335K |
|
2034
NRC Health Common Stock
NRC
$469M
| $1.34M | ﹤0.01% |
34,795
| – | – |
|
|
TRHC
2035
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
| $1.34M | ﹤0.01% |
23,804
-200
| -0.8% | -$11.9K |
|
|
OLP
2036
One Liberty Properties
OLP
$533M
| $1.34M | ﹤0.01% |
46,290
| – | – |
|
|
GPMT
2037
Granite Point Mortgage Trust
GPMT
$59.3M
| $1.34M | ﹤0.01% |
72,135
+18,272
| +34% | +$345K |
|
2038
1st Source
SRCE
$2.14B
| $1.34M | ﹤0.01% |
29,835
-6,205
| -17% | -$282K |
|
2039
Amneal Pharmaceuticals
AMRX
$6.15B
| $1.34M | ﹤0.01% |
94,505
-2,100
| -2% | -$27.8K |
|
2040
BancFirst
BANF
$3.87B
| $1.34M | ﹤0.01% |
25,653
-866
| -3% | -$46.9K |
|
2041
Haverty Furniture Companies
HVT
$447M
| $1.34M | ﹤0.01% |
61,076
-25,840
| -30% | -$558K |
|
|
CSR
2042
Centerspace
CSR
$934M
| $1.33M | ﹤0.01% |
22,274
-11,765
| -35% | -$684K |
|
2043
Cass Information Systems
CASS
$751M
| $1.33M | ﹤0.01% |
28,180
+3,381
| +14% | +$173K |
|
2044
LGI Homes
LGIH
$1.36B
| $1.33M | ﹤0.01% |
22,100
-600
| -3% | -$34.7K |
|
|
CARB
2045
DELISTED
Carbonite Inc
CARB
| $1.33M | ﹤0.01% |
53,666
-1,400
| -3% | -$36K |
|
2046
Bar Harbor Bankshares
BHB
$679M
| $1.33M | ﹤0.01% |
51,410
+2,036
| +4% | +$50.1K |
|
2047
Xencor
XNCR
$1.71B
| $1.33M | ﹤0.01% |
42,798
-9,016
| -17% | -$300K |
|
2048
Seaboard Corp
SEB
$4.01B
| $1.33M | ﹤0.01% |
310
+34
| +12% | +$131K |
|
2049
Ecovyst
ECVT
$1.1B
| $1.33M | ﹤0.01% |
87,457
| – | – |
|
|
GLDD
2050
DELISTED
Great Lakes Dredge & Dock
GLDD
| $1.33M | ﹤0.01% |
148,986
-9,915
| -6% | -$77.1K |
|
Similar funds
California Public Employees Retirement System's Q1 2019 Portfolio in Review
As of Q1 2019, California Public Employees Retirement System held 3,308 positions worth $81.2B, up 14% from $71.3B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 4.6%. California Public Employees Retirement System opened 56 new positions and exited 97, leaving the 3,308-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.
- California Public Employees Retirement System's largest Q1 2019 buy was Fox Class B: 1,093,604 shares worth $39.2M.
- California Public Employees Retirement System added most to Walt Disney in Q1 2019, an estimated $135M increase.
- California Public Employees Retirement System's biggest Q1 2019 reduction was Athene Holding Ltd. Class A Common Shares, cutting an estimated $292M.
- California Public Employees Retirement System fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $84.9M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $81.2B portfolio in Q1 2019.
- California Public Employees Retirement System opened 56 new positions and closed 97 in Q1 2019.
- California Public Employees Retirement System's portfolio value rose 14% quarter-over-quarter to $81.2B.
Based on California Public Employees Retirement System's 13F filing for Q1 2019, filed 3 May 2019.