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 | |
|---|---|---|---|---|---|---|
|
EGIO
2226
DELISTED
Edgio, Inc. Common Stock
EGIO
| $993K | ﹤0.01% |
7,686
| – | – |
|
2227
Boyd Gaming
BYD
$5.98B
| $990K | ﹤0.01% |
36,169
-8,234
| -19% | -$225K |
|
2228
PJT Partners
PJT
$4.48B
| $986K | ﹤0.01% |
23,597
-500
| -2% | -$21.4K |
|
|
CHAP
2229
DELISTED
Chaparral Energy, Inc.
CHAP
| $986K | ﹤0.01% |
172,978
+162,178
| +1,502% | +$1.08M |
|
2230
Comscore
SCOR
$108M
| $984K | ﹤0.01% |
2,430
-70
| -3% | -$28.5K |
|
2231
Global Net Lease
GNL
$1.91B
| $982K | ﹤0.01% |
51,965
-7,091
| -12% | -$135K |
|
|
HMHC
2232
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $982K | ﹤0.01% |
135,017
-30,776
| -19% | -$277K |
|
|
EVA
2233
DELISTED
Enviva Inc.
EVA
| $980K | ﹤0.01% |
30,381
| – | – |
|
2234
nLIGHT
LASR
$2.84B
| $978K | ﹤0.01% |
+43,900
| New | +$889K |
|
2235
Americold
COLD
$4.13B
| $976K | ﹤0.01% |
31,998
+8,132
| +34% | +$234K |
|
2236
FreightCar America
RAIL
$252M
| $973K | ﹤0.01% |
157,983
-4,317
| -3% | -$31.9K |
|
2237
Taylor Devices
TAYD
$172M
| $973K | ﹤0.01% |
79,856
| – | – |
|
|
FG
2238
DELISTED
FGL Holdings Ordinary Shares
FG
| $973K | ﹤0.01% |
123,684
-2,700
| -2% | -$21.4K |
|
|
ATCO
2239
DELISTED
Atlas Corp.
ATCO
| $970K | ﹤0.01% |
111,469
-9,426
| -8% | -$82.2K |
|
2240
Limoneira
LMNR
$254M
| $969K | ﹤0.01% |
41,200
-2,461
| -6% | -$55.7K |
|
2241
Karyopharm Therapeutics
KPTI
$47.6M
| $968K | ﹤0.01% |
11,050
| – | – |
|
|
BHR
2242
Braemar Hotels & Resorts
BHR
$138M
| $966K | ﹤0.01% |
79,935
-11,448
| -13% | -$128K |
|
|
HTO
2243
H2O America
HTO
$2.61B
| $964K | ﹤0.01% |
15,608
+8,245
| +112% | +$495K |
|
2244
Fate Therapeutics
FATE
$319M
| $963K | ﹤0.01% |
54,816
-3,368
| -6% | -$53.2K |
|
2245
Stock Yards Bancorp
SYBT
$2.6B
| $961K | ﹤0.01% |
28,431
-1,242
| -4% | -$43.4K |
|
|
ILPT
2246
Industrial Logistics Properties Trust
ILPT
$591M
| $956K | ﹤0.01% |
47,416
-24,410
| -34% | -$503K |
|
|
REV
2247
DELISTED
Revlon, Inc.
REV
| $953K | ﹤0.01% |
49,178
-3,028
| -6% | -$73.2K |
|
2248
Reading International Class A
RDI
$33.2M
| $951K | ﹤0.01% |
59,617
| – | – |
|
2249
Calix
CALX
$2.49B
| $948K | ﹤0.01% |
123,152
-8,685
| -7% | -$76.6K |
|
2250
TherapeuticsMD
TXMD
$24M
| $947K | ﹤0.01% |
3,888
-112
| -3% | -$29.6K |
|
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.