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 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$296M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$240M |
| 3 |
JOBS
51job Inc
JOBS
|
+$22.5M |
| 4 |
Intel
INTC
|
+$22.1M |
| 5 |
WP
Worldpay, Inc.
WP
|
+$21.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$334M |
| 2 |
Amazon
AMZN
|
+$151M |
| 3 |
Johnson & Johnson
JNJ
|
+$80M |
| 4 |
Microsoft
MSFT
|
+$69.8M |
| 5 |
Meta Platforms (Facebook)
META
|
+$65.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.47% |
| 2 | Technology | 16.8% |
| 3 | Healthcare | 12.75% |
| 4 | Industrials | 10.63% |
| 5 | Consumer Discretionary | 10.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HOS
2101
DELISTED
Hornbeck Offshore Services, Inc.
HOS
| $1.39M | ﹤0.01% |
477,758
-178,872
| -27% | -$628K |
|
|
EGOV
2102
DELISTED
NIC Inc
EGOV
| $1.39M | ﹤0.01% |
104,433
-13,590
| -12% | -$202K |
|
2103
Johnson Outdoors
JOUT
$512M
| $1.39M | ﹤0.01% |
22,342
-4,810
| -18% | -$307K |
|
|
EGIO
2104
DELISTED
Edgio, Inc. Common Stock
EGIO
| $1.39M | ﹤0.01% |
8,425
| – | – |
|
|
OCLR
2105
DELISTED
Oclaro Inc.
OCLR
| $1.38M | ﹤0.01% |
144,700
-6,924
| -5% | -$52K |
|
|
DX
2106
Dynex Capital
DX
$3.23B
| $1.38M | ﹤0.01% |
69,425
-23,147
| -25% | -$452K |
|
2107
Daktronics
DAKT
$988M
| $1.38M | ﹤0.01% |
156,545
-16,413
| -9% | -$151K |
|
|
SPTN
2108
DELISTED
SpartanNash
SPTN
| $1.38M | ﹤0.01% |
80,070
-7,481
| -9% | -$160K |
|
2109
Valhi
VHI
$466M
| $1.38M | ﹤0.01% |
18,942
| – | – |
|
2110
Washington Trust Bancorp
WASH
$767M
| $1.38M | ﹤0.01% |
25,586
+1,769
| +7% | +$95.9K |
|
2111
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.44B
| $1.37M | ﹤0.01% |
70,459
-46,614
| -40% | -$950K |
|
2112
Gorman-Rupp
GRC
$2.11B
| $1.37M | ﹤0.01% |
46,943
-4,917
| -9% | -$144K |
|
|
KANG
2113
DELISTED
iKang Healthcare Group, Inc.
KANG
| $1.37M | ﹤0.01% |
68,819
-23,112
| -25% | -$389K |
|
2114
Boyd Gaming
BYD
$6.05B
| $1.37M | ﹤0.01% |
42,866
-13,869
| -24% | -$496K |
|
|
EEX
2115
DELISTED
Emerald Holding
EEX
| $1.36M | ﹤0.01% |
70,000
| – | – |
|
|
HAYN
2116
DELISTED
Haynes International, Inc.
HAYN
| $1.36M | ﹤0.01% |
36,740
-5,660
| -13% | -$222K |
|
2117
Team
TISI
$101M
| $1.36M | ﹤0.01% |
9,895
+482
| +5% | +$79.4K |
|
|
FONR
2118
DELISTED
Fonar
FONR
| $1.36M | ﹤0.01% |
45,575
| – | – |
|
|
HSII
2119
DELISTED
Heidrick & Struggles
HSII
| $1.35M | ﹤0.01% |
43,366
-22,653
| -34% | -$619K |
|
|
XOXO
2120
DELISTED
Xo Group Inc
XOXO
| $1.35M | ﹤0.01% |
65,204
| – | – |
|
2121
Seacoast Banking Corp of Florida
SBCF
$3.48B
| $1.35M | ﹤0.01% |
51,041
+2,172
| +4% | +$57.4K |
|
2122
AMN Healthcare
AMN
$1.34B
| $1.35M | ﹤0.01% |
23,797
+4,827
| +25% | +$262K |
|
|
PERY
2123
DELISTED
Perry Ellis International Inc
PERY
| $1.35M | ﹤0.01% |
52,289
-18,401
| -26% | -$475K |
|
|
NETI
2124
DELISTED
Eneti Inc.
NETI
| $1.35M | ﹤0.01% |
20,558
+16,140
| +365% | +$1.16M |
|
2125
OneMain Financial
OMF
$7.51B
| $1.35M | ﹤0.01% |
44,972
+3,172
| +8% | +$101K |
|
Similar funds
California Public Employees Retirement System's Q1 2018 Portfolio in Review
As of Q1 2018, California Public Employees Retirement System held 3,399 positions worth $70.2B, down 5.1% from $74B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
California Public Employees Retirement System withdrew a net $2.88B in Q1 2018, closing 114 positions and reducing 1,632 holdings. Its most notable exit was Scripps Networks Interactive, Inc Common Class A, an estimated $21M position sold in full.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
Against the trend, California Public Employees Retirement System opened a new position in GCI Liberty, Inc. Class A Common Stock (DE) worth $15.4M.
- California Public Employees Retirement System's largest Q1 2018 buy was GCI Liberty, Inc. Class A Common Stock (DE): 291,278 shares worth $15.4M.
- California Public Employees Retirement System added most to Athene Holding Ltd. Class A Common Shares in Q1 2018, an estimated $296M increase.
- California Public Employees Retirement System's biggest Q1 2018 reduction was Alphabet (Google) Class C, cutting an estimated $334M.
- California Public Employees Retirement System fully exited Scripps Networks Interactive, Inc Common Class A in Q1 2018, selling an estimated $21M.
- California Public Employees Retirement System's ten largest holdings make up 16% of its $70.2B portfolio in Q1 2018.
- California Public Employees Retirement System opened 83 new positions and closed 114 in Q1 2018.
- California Public Employees Retirement System's portfolio value fell 5.1% quarter-over-quarter to $70.2B.
Based on California Public Employees Retirement System's 13F filing for Q1 2018, filed 11 May 2018.