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 |
Walt Disney
DIS
|
+$135M |
| 2 |
Coca-Cola
KO
|
+$126M |
| 3 |
PepsiCo
PEP
|
+$122M |
| 4 |
Procter & Gamble
PG
|
+$102M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$101M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$292M |
| 2 |
Mastercard
MA
|
+$244M |
| 3 |
Apple
AAPL
|
+$197M |
| 4 |
RTN
Raytheon Company
RTN
|
+$143M |
| 5 |
Northrop Grumman
NOC
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.56% |
| 2 | Financials | 15.24% |
| 3 | Healthcare | 13.8% |
| 4 | Consumer Discretionary | 10% |
| 5 | Industrials | 8.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SNCR
2151
DELISTED
Synchronoss Technologies
SNCR
| $1.13M | ﹤0.01% |
20,633
+14,355
| +229% | +$933K |
|
|
HOME
2152
DELISTED
At Home Group Inc.
HOME
| $1.13M | ﹤0.01% |
63,200
-9,647
| -13% | -$214K |
|
|
AIMT
2153
DELISTED
Aimmune Therapeutics
AIMT
| $1.13M | ﹤0.01% |
50,441
-1,200
| -2% | -$28.3K |
|
2154
Preferred Bank
PFBC
$1.27B
| $1.12M | ﹤0.01% |
25,001
-1,246
| -5% | -$59.3K |
|
2155
Timberland Bancorp
TSBK
$355M
| $1.12M | ﹤0.01% |
40,000
| – | – |
|
2156
Hawkins
HWKN
$2.71B
| $1.11M | ﹤0.01% |
60,446
-1,476
| -2% | -$30.2K |
|
2157
First Mid Bancshares
FMBH
$1.37B
| $1.11M | ﹤0.01% |
33,370
| – | – |
|
|
EXTN
2158
DELISTED
Exterran Corporation
EXTN
| $1.11M | ﹤0.01% |
65,676
-7,240
| -10% | -$129K |
|
|
ORIT
2159
DELISTED
Oritani Financial Corp. New
ORIT
| $1.11M | ﹤0.01% |
66,536
-29,550
| -31% | -$497K |
|
2160
Rapid7
RPD
$902M
| $1.1M | ﹤0.01% |
21,800
| – | – |
|
2161
OraSure Technologies
OSUR
$268M
| $1.1M | ﹤0.01% |
98,637
-2,500
| -2% | -$29K |
|
2162
Donnelley Financial Solutions
DFIN
$1.16B
| $1.1M | ﹤0.01% |
73,701
-8,532
| -10% | -$128K |
|
|
ATTU
2163
DELISTED
Attunity Ltd
ATTU
| $1.1M | ﹤0.01% |
46,738
+4,626
| +11% | +$103K |
|
|
ESPR
2164
DELISTED
Esperion Therapeutics
ESPR
| $1.09M | ﹤0.01% |
27,200
-700
| -3% | -$31.4K |
|
|
SDRL
2165
DELISTED
Seadrill Limited Common Stock
SDRL
| $1.09M | ﹤0.01% |
131,233
-69,413
| -35% | -$626K |
|
2166
Republic Bancorp
RBCAA
$1.95B
| $1.09M | ﹤0.01% |
24,301
-4,374
| -15% | -$185K |
|
|
SHOE
2167
Shoe Station Group
SHOE
$428M
| $1.09M | ﹤0.01% |
63,844
-19,190
| -23% | -$349K |
|
|
NSA
2168
DELISTED
National Storage Affiliates Trust
NSA
| $1.08M | ﹤0.01% |
38,042
+422
| +1% | +$11.7K |
|
2169
Insteel Industries
IIIN
$633M
| $1.08M | ﹤0.01% |
51,817
| – | – |
|
2170
MakeMyTrip
MMYT
$5.78B
| $1.08M | ﹤0.01% |
39,200
-13,472
| -26% | -$367K |
|
2171
Willis Lease Finance
WLFC
$1.16B
| $1.08M | ﹤0.01% |
76,500
| – | – |
|
2172
Addus HomeCare
ADUS
$2.18B
| $1.08M | ﹤0.01% |
16,974
-690
| -4% | -$44.4K |
|
|
TBRG
2173
DELISTED
TruBridge
TBRG
| $1.08M | ﹤0.01% |
36,355
| – | – |
|
2174
NewtekOne
NEWT
$368M
| $1.07M | ﹤0.01% |
54,634
| – | – |
|
2175
Boot Barn
BOOT
$5.02B
| $1.07M | ﹤0.01% |
36,327
-200
| -0.5% | -$5.05K |
|
Similar funds
California Public Employees Retirement System's Q1 2019 Portfolio in Review
As of Q1 2019, California Public Employees Retirement System held 3,308 positions worth $81.2B, up 14% from $71.3B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 4.6%. California Public Employees Retirement System opened 56 new positions and exited 97, leaving the 3,308-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.
- California Public Employees Retirement System's largest Q1 2019 buy was Fox Class B: 1,093,604 shares worth $39.2M.
- California Public Employees Retirement System added most to Walt Disney in Q1 2019, an estimated $135M increase.
- California Public Employees Retirement System's biggest Q1 2019 reduction was Athene Holding Ltd. Class A Common Shares, cutting an estimated $292M.
- California Public Employees Retirement System fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $84.9M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $81.2B portfolio in Q1 2019.
- California Public Employees Retirement System opened 56 new positions and closed 97 in Q1 2019.
- California Public Employees Retirement System's portfolio value rose 14% quarter-over-quarter to $81.2B.
Based on California Public Employees Retirement System's 13F filing for Q1 2019, filed 3 May 2019.