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 | |
|---|---|---|---|---|---|---|
|
CMCM
2226
Cheetah Mobile
CMCM
$98.1M
| $1.2M | ﹤0.01% |
24,460
| – | – |
|
2227
CorVel
CRVL
$3.07B
| $1.2M | ﹤0.01% |
59,682
-4,800
| -7% | -$92.6K |
|
2228
Dorchester Minerals
DMLP
$1.34B
| $1.19M | ﹤0.01% |
58,505
+23,487
| +67% | +$445K |
|
2229
Ingles Markets
IMKTA
$1.65B
| $1.19M | ﹤0.01% |
34,800
+2,548
| +8% | +$83.1K |
|
|
ATCO
2230
DELISTED
Atlas Corp.
ATCO
| $1.19M | ﹤0.01% |
142,995
+2,674
| +2% | +$24.1K |
|
|
BRS
2231
DELISTED
Bristow Group, Inc.
BRS
| $1.19M | ﹤0.01% |
98,074
-12,195
| -11% | -$151K |
|
|
CALL
2232
DELISTED
magicJack VocalTec Ltd
CALL
| $1.19M | ﹤0.01% |
143,366
+5,989
| +4% | +$51K |
|
2233
NN Inc
NNBR
$303M
| $1.19M | ﹤0.01% |
76,156
-6,400
| -8% | -$120K |
|
|
EEQ
2234
DELISTED
Enbridge Energy Management Llc
EEQ
| $1.19M | ﹤0.01% |
108,822
+6,997
| +7% | +$74.5K |
|
2235
First Financial Corp
THFF
$970M
| $1.19M | ﹤0.01% |
23,636
+566
| +2% | +$28.3K |
|
2236
Travelzoo
TZOO
$74.5M
| $1.19M | ﹤0.01% |
100,100
| – | – |
|
2237
Extreme Networks
EXTR
$3.22B
| $1.18M | ﹤0.01% |
215,660
-7,230
| -3% | -$51.3K |
|
2238
Century Aluminum
CENX
$5.23B
| $1.18M | ﹤0.01% |
98,663
-7,800
| -7% | -$100K |
|
2239
German American Bancorp
GABC
$1.9B
| $1.18M | ﹤0.01% |
33,424
-2,896
| -8% | -$107K |
|
|
THR
2240
DELISTED
Thermon Group Holdings
THR
| $1.18M | ﹤0.01% |
45,746
-29,215
| -39% | -$737K |
|
2241
Hooker Furnishings Corp
HOFT
$163M
| $1.18M | ﹤0.01% |
34,818
-1,922
| -5% | -$84.8K |
|
|
LGTY
2242
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
| $1.17M | ﹤0.01% |
96,773
+18,284
| +23% | +$277K |
|
|
ARQL
2243
DELISTED
Arqule Inc
ARQL
| $1.17M | ﹤0.01% |
207,500
-18,400
| -8% | -$105K |
|
|
PRTK
2244
DELISTED
Paratek Pharmaceuticals, Inc.
PRTK
| $1.17M | ﹤0.01% |
120,906
+506
| +0.4% | +$5.1K |
|
2245
Metallus
MTUS
$910M
| $1.17M | ﹤0.01% |
78,695
-6,400
| -8% | -$96K |
|
2246
Center Bancorp
CNOB
$1.79B
| $1.16M | ﹤0.01% |
48,895
+19,290
| +65% | +$479K |
|
2247
MakeMyTrip
MMYT
$5.74B
| $1.16M | ﹤0.01% |
42,300
-3,600
| -8% | -$115K |
|
|
EGL
2248
DELISTED
Engility Holdings, Inc.
EGL
| $1.16M | ﹤0.01% |
32,272
-2,500
| -7% | -$86.1K |
|
|
HMHC
2249
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $1.16M | ﹤0.01% |
165,236
+19,269
| +13% | +$130K |
|
2250
AtriCure
ATRC
$2.15B
| $1.16M | ﹤0.01% |
32,973
+1,273
| +4% | +$40.3K |
|
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.