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 | |
|---|---|---|---|---|---|---|
2051
1-800-Flowers.com
FLWS
$259M
| $1.58M | ﹤0.01% |
126,067
+3,564
| +3% | +$45.1K |
|
2052
CEVA Inc
CEVA
$868M
| $1.58M | ﹤0.01% |
52,281
-11,866
| -18% | -$401K |
|
2053
Clearwater Paper
CLW
$366M
| $1.57M | ﹤0.01% |
68,185
-37,275
| -35% | -$1.02M |
|
|
AIMT
2054
DELISTED
Aimmune Therapeutics
AIMT
| $1.57M | ﹤0.01% |
58,455
+19,560
| +50% | +$599K |
|
2055
Winmark
WINA
$1.33B
| $1.57M | ﹤0.01% |
10,581
+381
| +4% | +$52.2K |
|
2056
Geospace Technologies
GEOS
$69.2M
| $1.57M | ﹤0.01% |
111,571
+2,290
| +2% | +$26.5K |
|
2057
Safe Bulkers
SB
$746M
| $1.57M | ﹤0.01% |
461,455
+3,155
| +0.7% | +$10.5K |
|
2058
TTEC Holdings
TTEC
$85.3M
| $1.57M | ﹤0.01% |
45,381
+1,581
| +4% | +$53.6K |
|
2059
Alpha and Omega Semiconductor
AOSL
$1.04B
| $1.56M | ﹤0.01% |
109,908
+4,315
| +4% | +$66.5K |
|
2060
Johnson Outdoors
JOUT
$494M
| $1.56M | ﹤0.01% |
18,508
-3,834
| -17% | -$281K |
|
2061
NN Inc
NNBR
$301M
| $1.56M | ﹤0.01% |
82,556
-1,444
| -2% | -$31.1K |
|
2062
Rigel Pharmaceuticals
RIGL
$785M
| $1.56M | ﹤0.01% |
55,069
-33,081
| -38% | -$1.18M |
|
2063
CareDx
CDNA
$2.44B
| $1.56M | ﹤0.01% |
127,224
-47,776
| -27% | -$548K |
|
2064
OceanFirst Financial
OCFC
$1.84B
| $1.56M | ﹤0.01% |
51,931
+7,881
| +18% | +$223K |
|
|
BRS
2065
DELISTED
Bristow Group, Inc.
BRS
| $1.56M | ﹤0.01% |
110,269
-79,519
| -42% | -$1.19M |
|
2066
White Mountains Insurance
WTM
$5.04B
| $1.55M | ﹤0.01% |
1,712
+304
| +22% | +$268K |
|
2067
Cohen & Steers
CNS
$4.34B
| $1.55M | ﹤0.01% |
37,139
+360
| +1% | +$14.5K |
|
|
KE
2068
Kimball Electronics
KE
$607M
| $1.55M | ﹤0.01% |
84,580
+21,640
| +34% | +$386K |
|
2069
Manitowoc
MTW
$702M
| $1.54M | ﹤0.01% |
59,757
+557
| +0.9% | +$14.7K |
|
2070
Rocky Brands
RCKY
$355M
| $1.54M | ﹤0.01% |
51,496
-1,877
| -4% | -$48.7K |
|
|
ORIT
2071
DELISTED
Oritani Financial Corp. New
ORIT
| $1.54M | ﹤0.01% |
95,163
+2,305
| +2% | +$36.4K |
|
2072
Donnelley Financial Solutions
DFIN
$1.16B
| $1.54M | ﹤0.01% |
88,701
-24,032
| -21% | -$414K |
|
2073
Regional Management Corp
RM
$292M
| $1.54M | ﹤0.01% |
44,006
+4,700
| +12% | +$164K |
|
2074
Travere Therapeutics
TVTX
$5.68B
| $1.54M | ﹤0.01% |
56,525
+3,824
| +7% | +$102K |
|
|
NEX
2075
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $1.54M | ﹤0.01% |
112,600
-10,100
| -8% | -$151K |
|
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.