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 | |
|---|---|---|---|---|---|---|
|
AVTA
2101
DELISTED
Avantax, Inc. Common Stock
AVTA
| $1.49M | ﹤0.01% |
36,908
+312
| +0.9% | +$11.4K |
|
2102
Phibro Animal Health
PAHC
$1.38B
| $1.48M | ﹤0.01% |
34,585
-4,034
| -10% | -$191K |
|
2103
Mercantile Bank Corp
MBWM
$1.06B
| $1.48M | ﹤0.01% |
44,365
-2,641
| -6% | -$94.2K |
|
|
ORIT
2104
DELISTED
Oritani Financial Corp. New
ORIT
| $1.48M | ﹤0.01% |
95,139
-24
| -0% | -$387 |
|
|
WIN
2105
DELISTED
Windstream Holdings Inc
WIN
| $1.48M | ﹤0.01% |
301,891
+80,273
| +36% | +$363K |
|
|
ASXC
2106
DELISTED
Asensus Surgical, Inc.
ASXC
| $1.48M | ﹤0.01% |
19,595
+5,636
| +40% | +$381K |
|
2107
Hess Midstream
HESM
$5.11B
| $1.47M | ﹤0.01% |
+64,608
| New | +$1.43M |
|
|
TPC
2108
Tutor Perini Cor
TPC
$4.98B
| $1.47M | ﹤0.01% |
78,241
+3,370
| +5% | +$65.3K |
|
2109
Oppenheimer Holdings
OPY
$1.23B
| $1.47M | ﹤0.01% |
46,512
+11,608
| +33% | +$358K |
|
|
STBZ
2110
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
| $1.47M | ﹤0.01% |
48,677
-9,810
| -17% | -$317K |
|
2111
Rocky Brands
RCKY
$353M
| $1.47M | ﹤0.01% |
51,840
+344
| +0.7% | +$10K |
|
2112
Old Second Bancorp
OSBC
$1.31B
| $1.46M | ﹤0.01% |
94,683
-942
| -1% | -$14.4K |
|
2113
Atlanta Braves Holdings Series B
BATRK
$3.41B
| $1.46M | ﹤0.01% |
53,610
+2,446
| +5% | +$63.7K |
|
|
VRTV
2114
DELISTED
VERITIV CORPORATION
VRTV
| $1.46M | ﹤0.01% |
40,063
-3,196
| -7% | -$137K |
|
|
BKS
2115
DELISTED
Barnes & Noble
BKS
| $1.46M | ﹤0.01% |
251,249
+13,971
| +6% | +$78.8K |
|
|
DOCU
2116
DocuSign
DOCU
$12.2B
| $1.45M | ﹤0.01% |
27,644
+22,669
| +456% | +$1.29M |
|
2117
NewtekOne
NEWT
$378M
| $1.45M | ﹤0.01% |
69,332
+12,398
| +22% | +$272K |
|
|
MOFG
2118
DELISTED
MidWestOne Financial Group
MOFG
| $1.45M | ﹤0.01% |
43,554
+290
| +0.7% | +$9.73K |
|
2119
Tronox
TROX
$958M
| $1.45M | ﹤0.01% |
121,355
-697
| -0.6% | -$11.4K |
|
2120
Applied Optoelectronics
AAOI
$11B
| $1.45M | ﹤0.01% |
58,700
+20,600
| +54% | +$807K |
|
|
USDP
2121
DELISTED
USD PARTNERS LP
USDP
| $1.45M | ﹤0.01% |
150,000
| – | – |
|
|
ECHO
2122
DELISTED
Echo Global Logistics, Inc.
ECHO
| $1.45M | ﹤0.01% |
46,753
+8,872
| +23% | +$289K |
|
|
CTRL
2123
DELISTED
Control4 Corporation
CTRL
| $1.45M | ﹤0.01% |
42,081
-3,000
| -7% | -$92.5K |
|
|
LABL
2124
DELISTED
Multi-Color Corp
LABL
| $1.44M | ﹤0.01% |
23,200
-4,228
| -15% | -$270K |
|
|
SRG
2125
Seritage Growth Properties
SRG
$128M
| $1.44M | ﹤0.01% |
30,330
+1,630
| +6% | +$77.2K |
|
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.