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 | |
|---|---|---|---|---|---|---|
|
ESPR
2176
DELISTED
Esperion Therapeutics
ESPR
| $1.3M | ﹤0.01% |
29,300
-5,178
| -15% | -$238K |
|
|
TDAY
2177
USA Today Co
TDAY
$1B
| $1.29M | ﹤0.01% |
82,449
-13,676
| -14% | -$229K |
|
2178
Astronics
ATRO
$4.57B
| $1.29M | ﹤0.01% |
40,958
+11,248
| +38% | +$342K |
|
2179
Quanex
NX
$981M
| $1.29M | ﹤0.01% |
70,751
-8,555
| -11% | -$151K |
|
2180
Napco Security Technologies
NSSC
$1.37B
| $1.29M | ﹤0.01% |
172,120
| – | – |
|
|
OLP
2181
One Liberty Properties
OLP
$537M
| $1.29M | ﹤0.01% |
46,290
+10,670
| +30% | +$297K |
|
2182
UFP Technologies
UFPT
$2.48B
| $1.29M | ﹤0.01% |
35,000
| – | – |
|
|
ENLC
2183
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $1.29M | ﹤0.01% |
78,192
+1,229
| +2% | +$20.5K |
|
|
NIHD
2184
DELISTED
NII Holdings, Inc. Common Stock
NIHD
| $1.29M | ﹤0.01% |
219,400
-24,370
| -10% | -$125K |
|
|
CTLP
2185
DELISTED
Cantaloupe
CTLP
| $1.28M | ﹤0.01% |
178,230
+48,032
| +37% | +$662K |
|
2186
Hawkins
HWKN
$2.67B
| $1.28M | ﹤0.01% |
61,922
-6,426
| -9% | -$127K |
|
2187
West Bancorporation
WTBA
$511M
| $1.28M | ﹤0.01% |
54,397
+11,298
| +26% | +$277K |
|
|
RCM
2188
DELISTED
R1 RCM Inc. Common Stock
RCM
| $1.28M | ﹤0.01% |
125,799
+110,948
| +747% | +$1.01M |
|
2189
AMC Entertainment Holdings
AMC
$2.35B
| $1.27M | ﹤0.01% |
6,197
-182
| -3% | -$32.9K |
|
2190
Banc of California
BANC
$3.11B
| $1.27M | ﹤0.01% |
67,212
-134
| -0.2% | -$2.64K |
|
2191
Alpha and Omega Semiconductor
AOSL
$916M
| $1.27M | ﹤0.01% |
109,064
-844
| -0.8% | -$11.6K |
|
2192
LGI Homes
LGIH
$1.37B
| $1.26M | ﹤0.01% |
26,616
-1,900
| -7% | -$104K |
|
2193
Ring Energy
REI
$349M
| $1.26M | ﹤0.01% |
127,400
-11,300
| -8% | -$135K |
|
|
FNHC
2194
DELISTED
FedNat Holding Company Common Stock
FNHC
| $1.25M | ﹤0.01% |
49,258
+417
| +0.9% | +$10.2K |
|
|
AHRT
2195
AH Realty Trust
AHRT
$506M
| $1.25M | ﹤0.01% |
82,984
-6,600
| -7% | -$101K |
|
2196
Vera Bradley
VRA
$94.7M
| $1.25M | ﹤0.01% |
82,164
+356
| +0.4% | +$5.2K |
|
|
CNCE
2197
DELISTED
Concert Pharmaceuticals, Inc.
CNCE
| $1.25M | ﹤0.01% |
84,479
-3,600
| -4% | -$56.6K |
|
2198
Unity Bancorp
UNTY
$620M
| $1.25M | ﹤0.01% |
54,643
| – | – |
|
2199
Timberland Bancorp
TSBK
$361M
| $1.25M | ﹤0.01% |
40,000
| – | – |
|
|
AFI
2200
DELISTED
Armstrong Flooring, Inc.
AFI
| $1.24M | ﹤0.01% |
68,747
-2,219
| -3% | -$36K |
|
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.