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 | |
|---|---|---|---|---|---|---|
|
CJ
2201
DELISTED
C&J Energy Services, Inc.
CJ
| $1.26M | ﹤0.01% |
+53,200
| New | +$1.46M |
|
2202
Vicor
VICR
$9.72B
| $1.25M | ﹤0.01% |
28,787
+1,587
| +6% | +$61.4K |
|
|
ARQL
2203
DELISTED
Arqule Inc
ARQL
| $1.25M | ﹤0.01% |
225,900
| – | – |
|
|
ATRS
2204
DELISTED
Antares Pharma, Inc.
ATRS
| $1.25M | ﹤0.01% |
483,600
-321,600
| -40% | -$800K |
|
2205
Installed Building Products
IBP
$6.63B
| $1.25M | ﹤0.01% |
22,055
+3,346
| +18% | +$198K |
|
|
TBRG
2206
DELISTED
TruBridge
TBRG
| $1.25M | ﹤0.01% |
37,855
+1,955
| +5% | +$61.4K |
|
2207
Unity Bancorp
UNTY
$609M
| $1.24M | ﹤0.01% |
54,643
| – | – |
|
2208
Daktronics
DAKT
$1.02B
| $1.24M | ﹤0.01% |
145,468
-11,077
| -7% | -$99.1K |
|
2209
A10 Networks
ATEN
$1.97B
| $1.23M | ﹤0.01% |
197,700
| – | – |
|
|
FFKT
2210
DELISTED
Farmers Capital Bank Corp
FFKT
| $1.23M | ﹤0.01% |
23,609
-5,236
| -18% | -$263K |
|
|
PRTK
2211
DELISTED
Paratek Pharmaceuticals, Inc.
PRTK
| $1.23M | ﹤0.01% |
120,400
| – | – |
|
2212
Marchex
MCHX
$77.1M
| $1.22M | ﹤0.01% |
398,790
| – | – |
|
|
SRG
2213
Seritage Growth Properties
SRG
$135M
| $1.22M | ﹤0.01% |
28,700
-5,091
| -15% | -$199K |
|
2214
TG Therapeutics
TGTX
$7.64B
| $1.22M | ﹤0.01% |
92,600
-13,800
| -13% | -$190K |
|
2215
Altisource Portfolio Solutions
ASPS
$63.7M
| $1.22M | ﹤0.01% |
5,215
-3,860
| -43% | -$881K |
|
|
FONR
2216
DELISTED
Fonar
FONR
| $1.21M | ﹤0.01% |
45,575
| – | – |
|
2217
Hawkins
HWKN
$2.71B
| $1.21M | ﹤0.01% |
68,348
+17,832
| +35% | +$301K |
|
2218
Teekay
TK
$983M
| $1.21M | ﹤0.01% |
155,833
-63,146
| -29% | -$527K |
|
2219
JELD-WEN Holding
JELD
$164M
| $1.2M | ﹤0.01% |
41,889
+8,889
| +27% | +$258K |
|
2220
Silgan Holdings
SLGN
$4.35B
| $1.2M | ﹤0.01% |
44,665
+5,547
| +14% | +$152K |
|
2221
Zumiez
ZUMZ
$322M
| $1.2M | ﹤0.01% |
47,706
-26,973
| -36% | -$671K |
|
|
GNC
2222
DELISTED
GNC Holdings, Inc.
GNC
| $1.19M | ﹤0.01% |
338,685
-228,207
| -40% | -$821K |
|
|
CWEN.A
2223
DELISTED
Clearway Energy Class A
CWEN.A
| $1.19M | ﹤0.01% |
69,536
+1,236
| +2% | +$21.3K |
|
|
VRS
2224
DELISTED
Verso Corporation
VRS
| $1.18M | ﹤0.01% |
54,386
-75,597
| -58% | -$1.44M |
|
|
KANG
2225
DELISTED
iKang Healthcare Group, Inc.
KANG
| $1.18M | ﹤0.01% |
57,673
-11,146
| -16% | -$225K |
|
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.