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 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$296M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$240M |
| 3 |
JOBS
51job Inc
JOBS
|
+$22.5M |
| 4 |
Intel
INTC
|
+$22.1M |
| 5 |
WP
Worldpay, Inc.
WP
|
+$21.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$334M |
| 2 |
Amazon
AMZN
|
+$151M |
| 3 |
Johnson & Johnson
JNJ
|
+$80M |
| 4 |
Microsoft
MSFT
|
+$69.8M |
| 5 |
Meta Platforms (Facebook)
META
|
+$65.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.47% |
| 2 | Technology | 16.8% |
| 3 | Healthcare | 12.75% |
| 4 | Industrials | 10.63% |
| 5 | Consumer Discretionary | 10.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2251
Bank of N.T. Butterfield & Son
NTB
$2.51B
| $1.08M | ﹤0.01% |
24,132
-8,232
| -25% | -$351K |
|
|
ITCI
2252
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $1.08M | ﹤0.01% |
51,400
| – | – |
|
|
SRLP
2253
DELISTED
SPRAGUE RESOURCES LP
SRLP
| $1.08M | ﹤0.01% |
45,321
| – | – |
|
2254
Geospace Technologies
GEOS
$66.5M
| $1.08M | ﹤0.01% |
109,281
+3,481
| +3% | +$42.7K |
|
|
SJT
2255
San Juan Basin Royalty Trust
SJT
$129M
| $1.08M | ﹤0.01% |
136,402
-11,615
| -8% | -$104K |
|
2256
SEACOR Marine Holdings
SMHI
$262M
| $1.08M | ﹤0.01% |
56,663
+12,405
| +28% | +$198K |
|
2257
ANI Pharmaceuticals
ANIP
$1.72B
| $1.08M | ﹤0.01% |
18,503
+803
| +5% | +$51K |
|
2258
Global Net Lease
GNL
$1.9B
| $1.07M | ﹤0.01% |
63,555
+2,975
| +5% | +$52.3K |
|
2259
GoPro
GPRO
$117M
| $1.07M | ﹤0.01% |
223,300
+9,308
| +4% | +$53.3K |
|
|
HDNG
2260
DELISTED
Hardinge Inc
HDNG
| $1.07M | ﹤0.01% |
58,207
+4,457
| +8% | +$81.3K |
|
2261
PTC Therapeutics
PTCT
$6.01B
| $1.06M | ﹤0.01% |
39,309
+19,809
| +102% | +$502K |
|
|
APLP
2262
DELISTED
Archrock Partners, L.P. Common Units representing Limited Partner Interests
APLP
| $1.06M | ﹤0.01% |
87,035
+3,835
| +5% | +$51.2K |
|
2263
CorVel
CRVL
$3.25B
| $1.06M | ﹤0.01% |
63,000
-19,428
| -24% | -$329K |
|
2264
Vanda Pharmaceuticals
VNDA
$304M
| $1.06M | ﹤0.01% |
62,898
+1,726
| +3% | +$28.9K |
|
|
CAFD
2265
DELISTED
8point3 Energy Partners LP
CAFD
| $1.05M | ﹤0.01% |
86,798
-9,984
| -10% | -$132K |
|
2266
Canadian Solar
CSIQ
$1.04B
| $1.05M | ﹤0.01% |
64,681
-59,215
| -48% | -$953K |
|
|
TAST
2267
DELISTED
Carrols Restaurant Group, Inc.
TAST
| $1.05M | ﹤0.01% |
93,827
-7,212
| -7% | -$90.6K |
|
|
FRED
2268
DELISTED
Fred's Inc
FRED
| $1.05M | ﹤0.01% |
351,066
+22,627
| +7% | +$75K |
|
2269
Liquidity Services
LQDT
$1.35B
| $1.05M | ﹤0.01% |
161,237
-26,663
| -14% | -$168K |
|
|
TBRG
2270
DELISTED
TruBridge
TBRG
| $1.05M | ﹤0.01% |
35,900
-17,197
| -32% | -$514K |
|
|
SRCI
2271
DELISTED
SRC Energy Inc
SRCI
| $1.05M | ﹤0.01% |
110,900
-5,400
| -5% | -$49.3K |
|
2272
Quanex
NX
$981M
| $1.04M | ﹤0.01% |
59,802
+14,902
| +33% | +$290K |
|
2273
MediWound
MDWD
$174M
| $1.04M | ﹤0.01% |
28,557
| – | – |
|
|
LGTY
2274
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
| $1.04M | ﹤0.01% |
79,876
+5,976
| +8% | +$75.2K |
|
|
TGP
2275
DELISTED
Teekay LNG Partners L.P.
TGP
| $1.04M | ﹤0.01% |
57,961
-3,331
| -5% | -$64.5K |
|
Similar funds
California Public Employees Retirement System's Q1 2018 Portfolio in Review
As of Q1 2018, California Public Employees Retirement System held 3,399 positions worth $70.2B, down 5.1% from $74B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
California Public Employees Retirement System withdrew a net $2.88B in Q1 2018, closing 114 positions and reducing 1,632 holdings. Its most notable exit was Scripps Networks Interactive, Inc Common Class A, an estimated $21M position sold in full.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
Against the trend, California Public Employees Retirement System opened a new position in GCI Liberty, Inc. Class A Common Stock (DE) worth $15.4M.
- California Public Employees Retirement System's largest Q1 2018 buy was GCI Liberty, Inc. Class A Common Stock (DE): 291,278 shares worth $15.4M.
- California Public Employees Retirement System added most to Athene Holding Ltd. Class A Common Shares in Q1 2018, an estimated $296M increase.
- California Public Employees Retirement System's biggest Q1 2018 reduction was Alphabet (Google) Class C, cutting an estimated $334M.
- California Public Employees Retirement System fully exited Scripps Networks Interactive, Inc Common Class A in Q1 2018, selling an estimated $21M.
- California Public Employees Retirement System's ten largest holdings make up 16% of its $70.2B portfolio in Q1 2018.
- California Public Employees Retirement System opened 83 new positions and closed 114 in Q1 2018.
- California Public Employees Retirement System's portfolio value fell 5.1% quarter-over-quarter to $70.2B.
Based on California Public Employees Retirement System's 13F filing for Q1 2018, filed 11 May 2018.