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 | |
|---|---|---|---|---|---|---|
2251
Regional Management Corp
RM
$293M
| $1.15M | ﹤0.01% |
39,977
-4,029
| -9% | -$134K |
|
2252
Evolution Petroleum
EPM
$135M
| $1.15M | ﹤0.01% |
103,844
+897
| +0.9% | +$9.45K |
|
2253
OceanFirst Financial
OCFC
$1.84B
| $1.15M | ﹤0.01% |
42,096
-9,835
| -19% | -$287K |
|
2254
Seaboard Corp
SEB
$4.05B
| $1.15M | ﹤0.01% |
309
-9
| -3% | -$33.5K |
|
|
AYX
2255
DELISTED
Alteryx Inc
AYX
| $1.14M | ﹤0.01% |
19,983
+8,137
| +69% | +$414K |
|
2256
Coca-Cola Consolidated
COKE
$12B
| $1.14M | ﹤0.01% |
62,660
-1,190
| -2% | -$19.1K |
|
2257
Limoneira
LMNR
$253M
| $1.14M | ﹤0.01% |
43,661
-1,800
| -4% | -$50K |
|
2258
Calix
CALX
$2.5B
| $1.14M | ﹤0.01% |
140,596
+4,960
| +4% | +$37.9K |
|
2259
Powell Industries
POWL
$7.86B
| $1.14M | ﹤0.01% |
93,981
-1,869
| -2% | -$23.2K |
|
2260
TTEC Holdings
TTEC
$85.3M
| $1.14M | ﹤0.01% |
43,860
-1,521
| -3% | -$44.3K |
|
|
FONR
2261
DELISTED
Fonar
FONR
| $1.14M | ﹤0.01% |
45,575
| – | – |
|
|
ZAGG
2262
DELISTED
ZAGG Inc Common Stock (Delaware)
ZAGG
| $1.13M | ﹤0.01% |
76,578
-6,400
| -8% | -$102K |
|
2263
Omeros
OMER
$972M
| $1.13M | ﹤0.01% |
46,200
-3,700
| -7% | -$82.5K |
|
2264
Coeur Mining
CDE
$19.3B
| $1.12M | ﹤0.01% |
210,640
-13,900
| -6% | -$89.9K |
|
|
ANCX
2265
DELISTED
Access National Corp
ANCX
| $1.12M | ﹤0.01% |
41,397
-3,400
| -8% | -$95K |
|
2266
Red Robin
RRGB
$147M
| $1.12M | ﹤0.01% |
27,871
-485
| -2% | -$20.6K |
|
|
EVBG
2267
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $1.11M | ﹤0.01% |
19,350
+10,124
| +110% | +$546K |
|
2268
Park Aerospace
PKE
$827M
| $1.11M | ﹤0.01% |
57,032
-1,436
| -2% | -$31.2K |
|
2269
RCI Hospitality Holdings
RICK
$212M
| $1.11M | ﹤0.01% |
37,529
+398
| +1% | +$12.7K |
|
2270
Daktronics
DAKT
$1.03B
| $1.11M | ﹤0.01% |
141,542
-3,926
| -3% | -$32.3K |
|
2271
Iovance Biotherapeutics
IOVA
$2.93B
| $1.11M | ﹤0.01% |
98,540
-6,900
| -7% | -$97.9K |
|
2272
Marchex
MCHX
$77.1M
| $1.11M | ﹤0.01% |
398,790
| – | – |
|
2273
Silgan Holdings
SLGN
$4.34B
| $1.11M | ﹤0.01% |
39,842
-4,823
| -11% | -$132K |
|
2274
Hackett Group
HCKT
$281M
| $1.11M | ﹤0.01% |
54,905
-2,100
| -4% | -$39.1K |
|
|
SWCH
2275
DELISTED
Switch, Inc. Class A Common Stock
SWCH
| $1.11M | ﹤0.01% |
102,400
+88,500
| +637% | +$1.07M |
|
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.