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 |
AT&T
T
|
+$186M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$142M |
| 3 |
PepsiCo
PEP
|
+$61.8M |
| 4 |
Coca-Cola
KO
|
+$61.8M |
| 5 |
Pfizer
PFE
|
+$54.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class A
GOOGL
|
+$269M |
| 2 |
TWX
Time Warner Inc
TWX
|
+$178M |
| 3 |
Apple
AAPL
|
+$161M |
| 4 |
Microsoft
MSFT
|
+$132M |
| 5 |
Amazon
AMZN
|
+$125M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.84% |
| 2 | Technology | 16.75% |
| 3 | Healthcare | 13.11% |
| 4 | Consumer Discretionary | 10.49% |
| 5 | Industrials | 10.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2276
M/I Homes
MHO
$3.85B
| $1.08M | ﹤0.01% |
40,934
+1,634
| +4% | +$48.7K |
|
2277
West Bancorporation
WTBA
$496M
| $1.08M | ﹤0.01% |
43,099
-1,001
| -2% | -$25.5K |
|
|
FLY
2278
DELISTED
Fly Leasing Limited
FLY
| $1.08M | ﹤0.01% |
76,926
-17,964
| -19% | -$248K |
|
2279
Hingham Institution for Saving
HIFS
$684M
| $1.08M | ﹤0.01% |
4,924
+241
| +5% | +$51.1K |
|
2280
UFP Technologies
UFPT
$2.49B
| $1.08M | ﹤0.01% |
35,000
| – | – |
|
|
EHIC
2281
DELISTED
eHi Car Services Limited
EHIC
| $1.08M | ﹤0.01% |
83,300
| – | – |
|
2282
Caesarstone
CSTE
$104M
| $1.08M | ﹤0.01% |
71,280
-5,035
| -7% | -$86.3K |
|
|
DVAX
2283
DELISTED
Dynavax Technologies
DVAX
| $1.07M | ﹤0.01% |
70,473
-13,160
| -16% | -$227K |
|
2284
uniQure
QURE
$3.12B
| $1.07M | ﹤0.01% |
28,427
+14,307
| +101% | +$458K |
|
2285
Universal Electronics
UEIC
$74.6M
| $1.07M | ﹤0.01% |
32,419
-9,391
| -22% | -$353K |
|
|
CRR
2286
DELISTED
Carbo Ceramics Inc.
CRR
| $1.07M | ﹤0.01% |
116,847
-78,829
| -40% | -$707K |
|
2287
Chegg
CHGG
$92.8M
| $1.07M | ﹤0.01% |
38,441
-7,231
| -16% | -$182K |
|
|
PHH
2288
DELISTED
PHH Corporation
PHH
| $1.07M | ﹤0.01% |
98,347
-84,488
| -46% | -$907K |
|
|
EGL
2289
DELISTED
Engility Holdings, Inc.
EGL
| $1.06M | ﹤0.01% |
34,772
+872
| +3% | +$24.9K |
|
|
PRMW
2290
DELISTED
Primo Water Corporation
PRMW
| $1.06M | ﹤0.01% |
60,805
-4,900
| -7% | -$72.7K |
|
|
UBA
2291
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $1.06M | ﹤0.01% |
46,935
-391
| -0.8% | -$8.19K |
|
2292
Commercial Vehicle Group
CVGI
$135M
| $1.06M | ﹤0.01% |
144,440
-24,866
| -15% | -$192K |
|
2293
Calix
CALX
$2.49B
| $1.06M | ﹤0.01% |
135,636
-55,559
| -29% | -$392K |
|
2294
MiMedx Group
MDXG
$630M
| $1.06M | ﹤0.01% |
165,622
+119,622
| +260% | +$851K |
|
2295
Lantheus
LNTH
$6.57B
| $1.06M | ﹤0.01% |
72,658
-29,056
| -29% | -$447K |
|
|
TGP
2296
DELISTED
Teekay LNG Partners L.P.
TGP
| $1.05M | ﹤0.01% |
62,621
+4,660
| +8% | +$82.2K |
|
2297
GrafTech
EAF
$206M
| $1.05M | ﹤0.01% |
+5,849
| New | +$1.07M |
|
2298
Customers Bancorp
CUBI
$2.8B
| $1.05M | ﹤0.01% |
36,987
+24,228
| +190% | +$724K |
|
2299
Scorpio Tankers
STNG
$3.72B
| $1.05M | ﹤0.01% |
37,378
+1,678
| +5% | +$44.9K |
|
|
REV
2300
DELISTED
Revlon, Inc.
REV
| $1.05M | ﹤0.01% |
59,726
-21,591
| -27% | -$426K |
|
Similar funds
California Public Employees Retirement System's Q2 2018 Portfolio in Review
As of Q2 2018, California Public Employees Retirement System held 3,424 positions worth $72.3B, up 3% from $70.2B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System's Q2 2018 filing shows 139 new, 1,115 increased, 1,545 reduced and 134 closed positions. Its largest new stake was Evergy: 605,075 shares worth $34M. The largest sale was Alphabet (Google) Class A, an estimated $269M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System's largest Q2 2018 buy was Evergy: 605,075 shares worth $34M.
- California Public Employees Retirement System added most to AT&T in Q2 2018, an estimated $186M increase.
- California Public Employees Retirement System's biggest Q2 2018 reduction was Alphabet (Google) Class A, cutting an estimated $269M.
- California Public Employees Retirement System fully exited Time Warner Inc in Q2 2018, selling an estimated $178M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $72.3B portfolio in Q2 2018.
- California Public Employees Retirement System opened 139 new positions and closed 134 in Q2 2018.
- California Public Employees Retirement System's portfolio value rose 3% quarter-over-quarter to $72.3B.
Based on California Public Employees Retirement System's 13F filing for Q2 2018, filed 15 Aug 2018.