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
|
+$94.3M |
| 2 |
PepsiCo
PEP
|
+$74.5M |
| 3 |
Accenture
ACN
|
+$67.4M |
| 4 |
Lockheed Martin
LMT
|
+$62M |
| 5 |
Simon Property Group
SPG
|
+$53.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
JPMorgan Chase
JPM
|
+$145M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$94.2M |
| 3 |
Apple
AAPL
|
+$92.6M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$91.9M |
| 5 |
Meta Platforms (Facebook)
META
|
+$72.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.47% |
| 2 | Financials | 17.02% |
| 3 | Healthcare | 13.67% |
| 4 | Consumer Discretionary | 10.35% |
| 5 | Industrials | 10.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2076
BrightView Holdings
BV
$1.08B
| $1.54M | ﹤0.01% |
95,746
-4,254
| -4% | -$83.6K |
|
2077
National Bank Holdings
NBHC
$1.94B
| $1.53M | ﹤0.01% |
40,684
-2,100
| -5% | -$82.7K |
|
2078
eHealth
EHTH
$38.8M
| $1.53M | ﹤0.01% |
54,099
-3,850
| -7% | -$102K |
|
2079
Geospace Technologies
GEOS
$66.5M
| $1.53M | ﹤0.01% |
111,571
| – | – |
|
|
VSI
2080
DELISTED
Vitamin Shoppe Inc.
VSI
| $1.53M | ﹤0.01% |
152,720
-36,393
| -19% | -$375K |
|
2081
NVE Corp
NVEC
$563M
| $1.52M | ﹤0.01% |
14,382
-1,095
| -7% | -$126K |
|
|
AIMT
2082
DELISTED
Aimmune Therapeutics
AIMT
| $1.52M | ﹤0.01% |
55,841
-2,614
| -4% | -$73.9K |
|
2083
UNIFI
UFI
$120M
| $1.52M | ﹤0.01% |
53,645
+10,611
| +25% | +$332K |
|
|
AMWD
2084
DELISTED
American Woodmark
AMWD
| $1.52M | ﹤0.01% |
19,361
-6,412
| -25% | -$548K |
|
2085
Donnelley Financial Solutions
DFIN
$1.22B
| $1.52M | ﹤0.01% |
84,633
-4,068
| -5% | -$80.4K |
|
|
AIFU
2086
AIFU Inc
AIFU
$218M
| $1.51M | ﹤0.01% |
+140
| New | +$1.55M |
|
|
CADE
2087
DELISTED
Cadence Bancorporation
CADE
| $1.51M | ﹤0.01% |
57,860
-2,800
| -5% | -$78.5K |
|
|
CUTR
2088
DELISTED
Cutera, Inc.
CUTR
| $1.51M | ﹤0.01% |
46,387
-3,700
| -7% | -$135K |
|
2089
HCI Group
HCI
$2.32B
| $1.51M | ﹤0.01% |
34,501
-848
| -2% | -$35.1K |
|
|
EGIO
2090
DELISTED
Edgio, Inc. Common Stock
EGIO
| $1.51M | ﹤0.01% |
7,508
-635
| -8% | -$119K |
|
2091
Comfort Systems
FIX
$60.8B
| $1.5M | ﹤0.01% |
26,657
+6,882
| +35% | +$369K |
|
|
SRDX
2092
DELISTED
Surmodics
SRDX
| $1.5M | ﹤0.01% |
20,109
+13,505
| +204% | +$930K |
|
2093
Vanda Pharmaceuticals
VNDA
$304M
| $1.5M | ﹤0.01% |
65,372
+5,379
| +9% | +$110K |
|
2094
Lesaka Technologies
LSAK
$414M
| $1.5M | ﹤0.01% |
187,365
-3,524
| -2% | -$29.6K |
|
|
DHIL
2095
DELISTED
Diamond Hill
DHIL
| $1.5M | ﹤0.01% |
9,056
-541
| -6% | -$99.9K |
|
2096
Global Industrial
GIC
$1.49B
| $1.5M | ﹤0.01% |
45,450
+8,580
| +23% | +$325K |
|
2097
Safety Insurance
SAFT
$1.52B
| $1.5M | ﹤0.01% |
16,712
+664
| +4% | +$61.4K |
|
|
INST
2098
DELISTED
Instructure, Inc.
INST
| $1.5M | ﹤0.01% |
+42,300
| New | +$1.74M |
|
|
CBPX
2099
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $1.49M | ﹤0.01% |
39,780
-6,572
| -14% | -$234K |
|
|
CALY
2100
Callaway Golf Company
CALY
$2.95B
| $1.49M | ﹤0.01% |
61,408
+16,032
| +35% | +$345K |
|
Similar funds
California Public Employees Retirement System's Q3 2018 Portfolio in Review
As of Q3 2018, California Public Employees Retirement System held 3,359 positions worth $77.6B, up 7.3% from $72.3B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Trading was light in Q3 2018: portfolio turnover was 4.1%. California Public Employees Retirement System opened 70 new positions and exited 69, leaving the 3,359-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 17% a quarter earlier, followed by Financials and Healthcare.
- California Public Employees Retirement System's largest Q3 2018 buy was Veoneer, Inc.: 151,840 shares worth $8.36M.
- California Public Employees Retirement System added most to Coca-Cola in Q3 2018, an estimated $94.3M increase.
- California Public Employees Retirement System's biggest Q3 2018 reduction was JPMorgan Chase, cutting an estimated $145M.
- California Public Employees Retirement System fully exited XL Group Ltd. in Q3 2018, selling an estimated $35.7M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $77.6B portfolio in Q3 2018.
- California Public Employees Retirement System opened 70 new positions and closed 69 in Q3 2018.
- California Public Employees Retirement System's portfolio value rose 7.3% quarter-over-quarter to $77.6B.
Based on California Public Employees Retirement System's 13F filing for Q3 2018, filed 13 Nov 2018.