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 |
PepsiCo
PEP
|
+$196M |
| 2 |
Coca-Cola
KO
|
+$195M |
| 3 |
NextEra Energy
NEE
|
+$108M |
| 4 |
McDonald's
MCD
|
+$99.5M |
| 5 |
Newmont
NEM
|
+$97.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apollo Global Management
APO
|
+$475M |
| 2 |
Apple
AAPL
|
+$244M |
| 3 |
Microsoft
MSFT
|
+$198M |
| 4 |
JPMorgan Chase
JPM
|
+$132M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$99.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.05% |
| 2 | Financials | 14.87% |
| 3 | Healthcare | 13.45% |
| 4 | Consumer Discretionary | 9.92% |
| 5 | Consumer Staples | 9.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2026
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.7B
| $1.23M | ﹤0.01% |
9,872
-14,816
| -60% | -$1.78M |
|
2027
Ethan Allen Interiors
ETD
$607M
| $1.23M | ﹤0.01% |
58,256
-7,855
| -12% | -$165K |
|
|
HOLI
2028
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $1.23M | ﹤0.01% |
64,544
-79,112
| -55% | -$1.53M |
|
2029
Elastic
ESTC
$7.92B
| $1.23M | ﹤0.01% |
+16,407
| New | +$1.34M |
|
2030
Opko Health
OPK
$1.04B
| $1.23M | ﹤0.01% |
501,845
-67,000
| -12% | -$146K |
|
2031
Fate Therapeutics
FATE
$316M
| $1.22M | ﹤0.01% |
60,286
+5,470
| +10% | +$98.6K |
|
2032
Miller Industries
MLR
$615M
| $1.22M | ﹤0.01% |
39,813
-4,071
| -9% | -$126K |
|
|
FLNT
2033
Fluent
FLNT
$123M
| $1.22M | ﹤0.01% |
37,851
+1,914
| +5% | +$67.4K |
|
|
RESI
2034
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $1.22M | ﹤0.01% |
99,857
+6,300
| +7% | +$68.2K |
|
2035
BlackRock TCP Capital
TCPC
$327M
| $1.22M | ﹤0.01% |
85,300
-24,300
| -22% | -$351K |
|
2036
Univest Financial
UVSP
$1.18B
| $1.22M | ﹤0.01% |
46,310
-3,231
| -7% | -$81.1K |
|
2037
Caleres
CAL
$482M
| $1.22M | ﹤0.01% |
60,978
-16,902
| -22% | -$391K |
|
2038
Rigel Pharmaceuticals
RIGL
$772M
| $1.22M | ﹤0.01% |
46,560
-1,440
| -3% | -$32.5K |
|
|
TA
2039
DELISTED
TravelCenters of America LLC
TA
| $1.21M | ﹤0.01% |
66,980
-8,906
| -12% | -$171K |
|
2040
NewtekOne
NEWT
$368M
| $1.21M | ﹤0.01% |
52,634
-2,000
| -4% | -$43.7K |
|
|
LTS
2041
DELISTED
Ladenburg Thalmann Financial Services Inc
LTS
| $1.21M | ﹤0.01% |
352,804
-10,300
| -3% | -$35.6K |
|
|
DHIL
2042
DELISTED
Diamond Hill
DHIL
| $1.21M | ﹤0.01% |
8,529
-127
| -1% | -$18.1K |
|
2043
Hess Midstream
HESM
$5.24B
| $1.21M | ﹤0.01% |
61,908
-2,700
| -4% | -$55.5K |
|
|
SGMO
2044
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $1.2M | ﹤0.01% |
111,700
-17,330
| -13% | -$184K |
|
2045
NETGEAR
NTGR
$636M
| $1.2M | ﹤0.01% |
47,511
-5,505
| -10% | -$160K |
|
2046
Universal Electronics
UEIC
$74.9M
| $1.2M | ﹤0.01% |
29,303
-5,099
| -15% | -$204K |
|
2047
Seacoast Banking Corp of Florida
SBCF
$3.43B
| $1.2M | ﹤0.01% |
47,199
-1,549
| -3% | -$40.2K |
|
|
MNK
2048
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $1.2M | ﹤0.01% |
130,758
-98,039
| -43% | -$1.42M |
|
|
GOGL
2049
DELISTED
Golden Ocean Group
GOGL
| $1.2M | ﹤0.01% |
206,121
-4,400
| -2% | -$23K |
|
|
STMP
2050
DELISTED
Stamps.com, Inc.
STMP
| $1.2M | ﹤0.01% |
26,433
-21,399
| -45% | -$1.23M |
|
Similar funds
California Public Employees Retirement System's Q2 2019 Portfolio in Review
As of Q2 2019, California Public Employees Retirement System held 3,341 positions worth $84.7B, up 4.4% from $81.2B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System's Q2 2019 filing shows 131 new, 874 increased, 1,775 reduced and 77 closed positions. Its largest new stake was Dow Inc: 1,160,686 shares worth $57.2M. The largest sale was Apollo Global Management, an estimated $475M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 17% a quarter earlier, followed by Financials and Healthcare.
- California Public Employees Retirement System's largest Q2 2019 buy was Dow Inc: 1,160,686 shares worth $57.2M.
- California Public Employees Retirement System added most to PepsiCo in Q2 2019, an estimated $196M increase.
- California Public Employees Retirement System's biggest Q2 2019 reduction was Apollo Global Management, cutting an estimated $475M.
- California Public Employees Retirement System fully exited Ultimate Software Group Inc in Q2 2019, selling an estimated $21.4M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $84.7B portfolio in Q2 2019.
- California Public Employees Retirement System opened 131 new positions and closed 77 in Q2 2019.
- California Public Employees Retirement System's portfolio value rose 4.4% quarter-over-quarter to $84.7B.
Based on California Public Employees Retirement System's 13F filing for Q2 2019, filed 15 Aug 2019.