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 |
AT&T
T
|
+$186M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$142M |
| 3 |
PepsiCo
PEP
|
+$61.8M |
| 4 |
Coca-Cola
KO
|
+$61.8M |
| 5 |
Pfizer
PFE
|
+$54.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$269M |
| 2 |
TWX
Time Warner Inc
TWX
|
+$178M |
| 3 |
Apple
AAPL
|
+$161M |
| 4 |
Microsoft
MSFT
|
+$132M |
| 5 |
Amazon
AMZN
|
+$125M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.84% |
| 2 | Technology | 16.75% |
| 3 | Healthcare | 13.11% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Industrials | 10.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2126
Monarch Casino & Resort
MCRI
$2.19B
| $1.42M | ﹤0.01% |
32,308
-9,229
| -22% | -$406K |
|
2127
Alarm.com
ALRM
$2.77B
| $1.42M | ﹤0.01% |
35,165
+9,536
| +37% | +$396K |
|
2128
Arbor Realty Trust
ABR
$998M
| $1.42M | ﹤0.01% |
135,787
+2,587
| +2% | +$24.1K |
|
|
TA
2129
DELISTED
TravelCenters of America LLC
TA
| $1.42M | ﹤0.01% |
80,906
-15,021
| -16% | -$259K |
|
2130
Western Midstream Partners
WES
$19.9B
| $1.41M | ﹤0.01% |
39,534
+19,204
| +94% | +$674K |
|
|
PDLI
2131
DELISTED
PDL BioPharma, Inc.
PDLI
| $1.41M | ﹤0.01% |
603,551
-310,001
| -34% | -$866K |
|
|
SN
2132
DELISTED
Sanchez Energy Corporation
SN
| $1.4M | ﹤0.01% |
309,864
+15,064
| +5% | +$55.9K |
|
|
EEX
2133
DELISTED
Emerald Holding
EEX
| $1.4M | ﹤0.01% |
67,756
-2,244
| -3% | -$45.2K |
|
2134
PJT Partners
PJT
$4.48B
| $1.4M | ﹤0.01% |
26,131
+814
| +3% | +$44.5K |
|
2135
Lifecore Biomedical
LFCR
$183M
| $1.39M | ﹤0.01% |
93,557
+16,037
| +21% | +$223K |
|
2136
Metallus
MTUS
$900M
| $1.39M | ﹤0.01% |
85,095
-5
| -0% | -$86 |
|
|
GTS
2137
DELISTED
Triple-S Management Corporation
GTS
| $1.39M | ﹤0.01% |
37,400
-25,819
| -41% | -$816K |
|
2138
Hanmi Financial
HAFC
$948M
| $1.39M | ﹤0.01% |
48,957
+3,747
| +8% | +$111K |
|
2139
NMI Holdings
NMIH
$3.34B
| $1.39M | ﹤0.01% |
85,164
-2,607
| -3% | -$42.2K |
|
2140
Veracyte
VCYT
$3.73B
| $1.39M | ﹤0.01% |
148,600
| – | – |
|
|
IVC
2141
DELISTED
Invacare Corporation
IVC
| $1.39M | ﹤0.01% |
74,620
-30,141
| -29% | -$545K |
|
|
TPC
2142
Tutor Perini Cor
TPC
$5.13B
| $1.38M | ﹤0.01% |
74,871
-17,078
| -19% | -$351K |
|
2143
Griffon
GFF
$4.84B
| $1.38M | ﹤0.01% |
77,553
+4,429
| +6% | +$91.2K |
|
2144
MediWound
MDWD
$179M
| $1.38M | ﹤0.01% |
28,557
| – | – |
|
2145
Ducommun
DCO
$2.98B
| $1.38M | ﹤0.01% |
41,619
+759
| +2% | +$24.5K |
|
2146
Old Second Bancorp
OSBC
$1.29B
| $1.38M | ﹤0.01% |
95,625
+1,573
| +2% | +$23K |
|
|
MSB
2147
Mesabi Trust
MSB
$309M
| $1.38M | ﹤0.01% |
56,059
+7,859
| +16% | +$193K |
|
|
ONIT
2148
Onity Group
ONIT
$328M
| $1.38M | ﹤0.01% |
23,156
-17,845
| -44% | -$1.17M |
|
|
IIN
2149
DELISTED
IntriCon Corporation
IIN
| $1.38M | ﹤0.01% |
34,116
| – | – |
|
|
VIVO
2150
DELISTED
Meridian Bioscience Inc
VIVO
| $1.37M | ﹤0.01% |
86,386
+2,210
| +3% | +$33K |
|
Similar funds
California Public Employees Retirement System's Q2 2018 Portfolio in Review
As of Q2 2018, California Public Employees Retirement System held 3,424 positions worth $72.3B, up 3% from $70.2B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System's Q2 2018 filing shows 139 new, 1,115 increased, 1,545 reduced and 134 closed positions. Its largest new stake was Evergy: 605,075 shares worth $34M. The largest sale was Alphabet (Google) Class A, an estimated $269M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System's largest Q2 2018 buy was Evergy: 605,075 shares worth $34M.
- California Public Employees Retirement System added most to AT&T in Q2 2018, an estimated $186M increase.
- California Public Employees Retirement System's biggest Q2 2018 reduction was Alphabet (Google) Class A, cutting an estimated $269M.
- California Public Employees Retirement System fully exited Time Warner Inc in Q2 2018, selling an estimated $178M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $72.3B portfolio in Q2 2018.
- California Public Employees Retirement System opened 139 new positions and closed 134 in Q2 2018.
- California Public Employees Retirement System's portfolio value rose 3% quarter-over-quarter to $72.3B.
Based on California Public Employees Retirement System's 13F filing for Q2 2018, filed 15 Aug 2018.