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 | |
|---|---|---|---|---|---|---|
2251
Silgan Holdings
SLGN
$4.35B
| $946K | ﹤0.01% |
31,940
-12,485
| -28% | -$344K |
|
|
IMGN
2252
DELISTED
Immunogen Inc
IMGN
| $946K | ﹤0.01% |
348,900
-35,086
| -9% | -$152K |
|
|
PGTI
2253
DELISTED
PGT, Inc.
PGTI
| $945K | ﹤0.01% |
68,224
-17,450
| -20% | -$276K |
|
|
RC
2254
Ready Capital
RC
$296M
| $944K | ﹤0.01% |
64,382
+33,330
| +107% | +$509K |
|
2255
Griffon
GFF
$4.84B
| $937K | ﹤0.01% |
50,699
-40,319
| -44% | -$648K |
|
|
CCXI
2256
DELISTED
ChemoCentryx, Inc.
CCXI
| $937K | ﹤0.01% |
67,452
| – | – |
|
2257
Akebia Therapeutics
AKBA
$240M
| $936K | ﹤0.01% |
114,313
| – | – |
|
|
NOAH
2258
Noah Holdings
NOAH
$591M
| $936K | ﹤0.01% |
19,309
-49
| -0.3% | -$2.38K |
|
|
FONR
2259
DELISTED
Fonar
FONR
| $933K | ﹤0.01% |
45,575
| – | – |
|
|
PSDO
2260
DELISTED
Presidio, Inc. Common Stock
PSDO
| $932K | ﹤0.01% |
62,940
-6,117
| -9% | -$93.4K |
|
2261
Pathward Financial
CASH
$1.82B
| $928K | ﹤0.01% |
47,145
-23,450
| -33% | -$513K |
|
|
AVID
2262
DELISTED
Avid Technology Inc
AVID
| $925K | ﹤0.01% |
124,129
-17,810
| -13% | -$92.4K |
|
|
HCR
2263
DELISTED
Hi-Crush Inc. Common Stock
HCR
| $925K | ﹤0.01% |
207,876
-21,708
| -9% | -$90.7K |
|
2264
ATN International
ATNI
$482M
| $923K | ﹤0.01% |
16,360
-2,369
| -13% | -$157K |
|
2265
PetMed Express
PETS
$42.3M
| $920K | ﹤0.01% |
40,367
+4,402
| +12% | +$99.2K |
|
|
JCAP
2266
DELISTED
Jernigan Capital, Inc.
JCAP
| $920K | ﹤0.01% |
43,716
+20,216
| +86% | +$430K |
|
|
WAIR
2267
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $919K | ﹤0.01% |
104,604
-3,862
| -4% | -$31.8K |
|
2268
Daktronics
DAKT
$1.02B
| $918K | ﹤0.01% |
123,219
-24,416
| -17% | -$189K |
|
2269
BioCryst Pharmaceuticals
BCRX
$2.64B
| $916K | ﹤0.01% |
112,521
-36,152
| -24% | -$310K |
|
|
BFIN
2270
DELISTED
BankFinancial
BFIN
| $915K | ﹤0.01% |
61,521
| – | – |
|
2271
Lennar Class B
LEN.B
$20.8B
| $911K | ﹤0.01% |
24,503
+15,656
| +177% | +$559K |
|
2272
Gran Tierra Energy
GTE
$337M
| $908K | ﹤0.01% |
40,000
-55,810
| -58% | -$1.31M |
|
|
ZVO
2273
DELISTED
Zovio Inc. Common Stock
ZVO
| $907K | ﹤0.01% |
148,371
-16,184
| -10% | -$130K |
|
|
ADSW
2274
DELISTED
Advanced Disposal Services Inc
ADSW
| $907K | ﹤0.01% |
32,394
+5,814
| +22% | +$151K |
|
2275
Allient
ALNT
$1.94B
| $906K | ﹤0.01% |
39,531
| – | – |
|
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.