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 | |
|---|---|---|---|---|---|---|
|
PGTI
2076
DELISTED
PGT, Inc.
PGTI
| $1.15M | ﹤0.01% |
68,624
+400
| +0.6% | +$6.09K |
|
|
AKS
2077
DELISTED
AK Steel Holding Corp
AKS
| $1.15M | ﹤0.01% |
483,410
-298,427
| -38% | -$695K |
|
2078
Ambarella
AMBA
$3.67B
| $1.14M | ﹤0.01% |
25,917
+1,720
| +7% | +$77.1K |
|
|
MCBC
2079
DELISTED
Macatawa Bank Corp
MCBC
| $1.14M | ﹤0.01% |
111,403
-4,900
| -4% | -$50.8K |
|
2080
Ezcorp Inc
EZPW
$1.66B
| $1.14M | ﹤0.01% |
120,237
-2,400
| -2% | -$23.4K |
|
|
HPR
2081
DELISTED
HighPoint Resources Corporation
HPR
| $1.14M | ﹤0.01% |
12,508
-626
| -5% | -$69.8K |
|
2082
Simulations Plus
SLP
$370M
| $1.14M | ﹤0.01% |
39,762
-1,500
| -4% | -$36.4K |
|
2083
Capital City Bank Group
CCBG
$890M
| $1.14M | ﹤0.01% |
45,673
+7,070
| +18% | +$166K |
|
2084
Applied Optoelectronics
AAOI
$11.2B
| $1.13M | ﹤0.01% |
110,200
| – | – |
|
|
SMC
2085
Summit Midstream
SMC
$477M
| $1.13M | ﹤0.01% |
10,150
-433
| -4% | -$52.8K |
|
2086
Yeti Holdings
YETI
$3.84B
| $1.13M | ﹤0.01% |
+39,038
| New | +$1.12M |
|
2087
Codexis
CDXS
$160M
| $1.13M | ﹤0.01% |
61,259
+933
| +2% | +$18K |
|
|
NPKI
2088
NPK International
NPKI
$1.18B
| $1.13M | ﹤0.01% |
151,977
-10,451
| -6% | -$80.7K |
|
2089
OneSpan
OSPN
$603M
| $1.12M | ﹤0.01% |
79,282
-1,600
| -2% | -$25.5K |
|
2090
Provident Financial
PROV
$113M
| $1.12M | ﹤0.01% |
53,515
| – | – |
|
|
SRG
2091
Seritage Growth Properties
SRG
$136M
| $1.12M | ﹤0.01% |
26,116
-1,429
| -5% | -$62.8K |
|
2092
Regenxbio
RGNX
$699M
| $1.12M | ﹤0.01% |
21,757
-6,586
| -23% | -$329K |
|
2093
CEVA Inc
CEVA
$858M
| $1.11M | ﹤0.01% |
45,781
-400
| -0.9% | -$9.82K |
|
|
ILPT
2094
Industrial Logistics Properties Trust
ILPT
$593M
| $1.11M | ﹤0.01% |
53,516
+6,100
| +13% | +$121K |
|
|
APLS
2095
DELISTED
Apellis Pharmaceuticals
APLS
| $1.11M | ﹤0.01% |
43,875
+6,738
| +18% | +$137K |
|
2096
Heron Therapeutics
HRTX
$60M
| $1.11M | ﹤0.01% |
59,800
-9,350
| -14% | -$187K |
|
2097
Sixth Street Specialty
TSLX
$1.79B
| $1.11M | ﹤0.01% |
56,700
+20,000
| +54% | +$399K |
|
2098
Dorchester Minerals
DMLP
$1.32B
| $1.1M | ﹤0.01% |
60,332
+2,200
| +4% | +$41.3K |
|
2099
Financial Institutions
FISI
$819M
| $1.1M | ﹤0.01% |
37,660
-4,923
| -12% | -$137K |
|
|
KE
2100
Kimball Electronics
KE
$610M
| $1.1M | ﹤0.01% |
67,462
-15,595
| -19% | -$242K |
|
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.