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 | |
|---|---|---|---|---|---|---|
2051
Hanmi Financial
HAFC
$948M
| $1.2M | ﹤0.01% |
53,664
-10,555
| -16% | -$234K |
|
2052
Mercantile Bank Corp
MBWM
$1.06B
| $1.2M | ﹤0.01% |
36,688
-600
| -2% | -$19.7K |
|
2053
Timberland Bancorp
TSBK
$353M
| $1.2M | ﹤0.01% |
40,000
| – | – |
|
|
TVTY
2054
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $1.19M | ﹤0.01% |
72,540
-6,451
| -8% | -$124K |
|
2055
Sierra Bancorp
BSRR
$524M
| $1.19M | ﹤0.01% |
43,964
-8,809
| -17% | -$226K |
|
|
LTHM
2056
DELISTED
Livent Corporation
LTHM
| $1.19M | ﹤0.01% |
172,304
-29,158
| -14% | -$262K |
|
2057
PJT Partners
PJT
$4.47B
| $1.19M | ﹤0.01% |
29,381
+5,784
| +25% | +$236K |
|
2058
Bar Harbor Bankshares
BHB
$671M
| $1.19M | ﹤0.01% |
44,685
-6,725
| -13% | -$172K |
|
2059
Tradeweb Markets
TW
$22B
| $1.18M | ﹤0.01% |
+27,024
| New | +$1.13M |
|
2060
American Public Education
APEI
$835M
| $1.18M | ﹤0.01% |
39,867
-8,141
| -17% | -$249K |
|
2061
GameStop
GME
$8.38B
| $1.18M | ﹤0.01% |
861,972
-748,368
| -46% | -$1.46M |
|
2062
Pacific Biosciences
PACB
$361M
| $1.18M | ﹤0.01% |
194,642
-278,963
| -59% | -$1.96M |
|
|
VIVO
2063
DELISTED
Meridian Bioscience Inc
VIVO
| $1.18M | ﹤0.01% |
99,156
-9,079
| -8% | -$109K |
|
2064
Ares Management
ARES
$32.3B
| $1.18M | ﹤0.01% |
44,882
+26,277
| +141% | +$667K |
|
|
HTO
2065
H2O America
HTO
$2.58B
| $1.18M | ﹤0.01% |
19,330
+3,722
| +24% | +$229K |
|
|
CNR
2066
Core Natural Resources Inc
CNR
$4.59B
| $1.17M | ﹤0.01% |
44,079
-5,600
| -11% | -$168K |
|
2067
Acco Brands
ACCO
$402M
| $1.17M | ﹤0.01% |
148,347
-64,557
| -30% | -$529K |
|
2068
Boyd Gaming
BYD
$6.02B
| $1.16M | ﹤0.01% |
43,193
+7,024
| +19% | +$192K |
|
|
BEST
2069
DELISTED
BEST Inc. American Depositary Shares, each representing twenty (20) Class A Ordinary Shares
BEST
| $1.16M | ﹤0.01% |
10,559
+835
| +9% | +$86.5K |
|
|
KNL
2070
DELISTED
Knoll, Inc.
KNL
| $1.16M | ﹤0.01% |
50,322
-14,066
| -22% | -$292K |
|
2071
Axogen
AXGN
$2.59B
| $1.15M | ﹤0.01% |
58,300
-100
| -0.2% | -$2.14K |
|
|
BPMP
2072
DELISTED
BP Midstream Partners LP Common Units representing Limited Partner Interests
BPMP
| $1.15M | ﹤0.01% |
74,507
-23,200
| -24% | -$345K |
|
|
NE
2073
DELISTED
Noble Corporation
NE
| $1.15M | ﹤0.01% |
616,674
-253,466
| -29% | -$596K |
|
2074
Cooper-Standard Automotive
CPS
$506M
| $1.15M | ﹤0.01% |
25,082
-15,045
| -37% | -$718K |
|
|
WPG
2075
DELISTED
Washington Prime Group Inc.
WPG
| $1.15M | ﹤0.01% |
33,407
+1,288
| +4% | +$52.8K |
|
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.