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
|
+$200M |
| 2 |
PepsiCo
PEP
|
+$180M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$157M |
| 4 |
Linde
LIN
|
+$156M |
| 5 |
Procter & Gamble
PG
|
+$152M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AET
Aetna Inc
AET
|
+$235M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$180M |
| 3 |
ESRX
Express Scripts Holding Company
ESRX
|
+$142M |
| 4 |
PX
Praxair Inc
PX
|
+$92.8M |
| 5 |
COL
Rockwell Collins
COL
|
+$81.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.4% |
| 2 | Technology | 16.18% |
| 3 | Healthcare | 14.24% |
| 4 | Consumer Discretionary | 9.85% |
| 5 | Industrials | 9.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ACH
2051
Accendra Health
ACH
$97.7M
| $1.25M | ﹤0.01% |
197,949
+17,740
| +10% | +$184K |
|
2052
TTEC Holdings
TTEC
$81.8M
| $1.25M | ﹤0.01% |
43,860
| – | – |
|
|
GRVY
2053
GRAVITY
GRVY
$484M
| $1.25M | ﹤0.01% |
29,850
| – | – |
|
2054
Option Care Health
OPCH
$3.55B
| $1.24M | ﹤0.01% |
86,958
+19,133
| +28% | +$252K |
|
2055
Banc of California
BANC
$3.09B
| $1.24M | ﹤0.01% |
93,157
+25,945
| +39% | +$421K |
|
|
SPTN
2056
DELISTED
SpartanNash
SPTN
| $1.24M | ﹤0.01% |
72,173
+1,497
| +2% | +$27.2K |
|
|
TEN
2057
Tsakos Energy Navigation Ltd
TEN
$1.17B
| $1.24M | ﹤0.01% |
93,164
+1,759
| +2% | +$28.6K |
|
2058
A10 Networks
ATEN
$2.01B
| $1.24M | ﹤0.01% |
198,196
| – | – |
|
|
ACR
2059
ACRES Commercial Realty
ACR
$101M
| $1.24M | ﹤0.01% |
41,073
-808
| -2% | -$26.3K |
|
2060
Tennant Co
TNC
$1.17B
| $1.24M | ﹤0.01% |
23,693
-4,571
| -16% | -$279K |
|
|
AIMT
2061
DELISTED
Aimmune Therapeutics
AIMT
| $1.24M | ﹤0.01% |
51,641
-4,200
| -8% | -$109K |
|
2062
Entravision Communication
EVC
$850M
| $1.23M | ﹤0.01% |
424,183
-11,571
| -3% | -$45.3K |
|
2063
Mercantile Bank Corp
MBWM
$1.05B
| $1.23M | ﹤0.01% |
43,666
-699
| -2% | -$21.7K |
|
2064
Compass Diversified
CODI
$889M
| $1.23M | ﹤0.01% |
98,647
-34,056
| -26% | -$524K |
|
2065
CorVel
CRVL
$3.06B
| $1.23M | ﹤0.01% |
59,682
| – | – |
|
2066
Community Trust Bancorp
CTBI
$1.42B
| $1.23M | ﹤0.01% |
30,955
+46
| +0.1% | +$2.02K |
|
|
IPHI
2067
DELISTED
INPHI CORPORATION
IPHI
| $1.23M | ﹤0.01% |
38,133
+3,101
| +9% | +$108K |
|
2068
Stratasys
SSYS
$771M
| $1.22M | ﹤0.01% |
67,873
-5,700
| -8% | -$119K |
|
2069
Hecla Mining
HL
$12.1B
| $1.22M | ﹤0.01% |
517,238
-41,500
| -7% | -$106K |
|
2070
Virtus Investment Partners
VRTS
$1.12B
| $1.22M | ﹤0.01% |
15,345
-700
| -4% | -$68K |
|
|
AMWD
2071
DELISTED
American Woodmark
AMWD
| $1.22M | ﹤0.01% |
21,876
+2,515
| +13% | +$160K |
|
|
SPN
2072
DELISTED
Superior Energy Services, Inc.
SPN
| $1.22M | ﹤0.01% |
36,351
-1,205
| -3% | -$83.7K |
|
|
WFT
2073
DELISTED
Weatherford International plc
WFT
| $1.22M | ﹤0.01% |
2,175,888
+276,726
| +15% | +$361K |
|
|
RDUS
2074
DELISTED
Radius Health, Inc.
RDUS
| $1.22M | ﹤0.01% |
73,700
+14,900
| +25% | +$251K |
|
2075
Installed Building Products
IBP
$6.46B
| $1.21M | ﹤0.01% |
35,928
+15,837
| +79% | +$550K |
|
Similar funds
California Public Employees Retirement System's Q4 2018 Portfolio in Review
As of Q4 2018, California Public Employees Retirement System held 3,341 positions worth $71.3B, down 8% from $77.6B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
California Public Employees Retirement System deployed $4.76B of net new capital in Q4 2018, opening 51 new positions and adding to 888 existing holdings. Its largest new stake was Linde: 990,142 shares worth $155M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, down from 17% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Alphabet (Google) Class A, an estimated $180M trimmed.
- California Public Employees Retirement System's largest Q4 2018 buy was Linde: 990,142 shares worth $155M.
- California Public Employees Retirement System added most to Coca-Cola in Q4 2018, an estimated $200M increase.
- California Public Employees Retirement System's biggest Q4 2018 reduction was Alphabet (Google) Class A, cutting an estimated $180M.
- California Public Employees Retirement System fully exited Aetna Inc in Q4 2018, selling an estimated $235M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $71.3B portfolio in Q4 2018.
- California Public Employees Retirement System opened 51 new positions and closed 89 in Q4 2018.
- California Public Employees Retirement System's portfolio value fell 8% quarter-over-quarter to $71.3B.
Based on California Public Employees Retirement System's 13F filing for Q4 2018, filed 8 Feb 2019.