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 | |
|---|---|---|---|---|---|---|
|
FLXN
2276
DELISTED
Flexion Therapeutics, Inc.
FLXN
| $1.1M | ﹤0.01% |
59,000
-5,200
| -8% | -$119K |
|
|
DS
2277
DELISTED
Drive Shack Inc.
DS
| $1.1M | ﹤0.01% |
185,151
+64,524
| +53% | +$408K |
|
|
EPZM
2278
DELISTED
Epizyme, Inc
EPZM
| $1.1M | ﹤0.01% |
103,800
-9,200
| -8% | -$105K |
|
2279
Stock Yards Bancorp
SYBT
$2.6B
| $1.1M | ﹤0.01% |
30,283
-4,633
| -13% | -$177K |
|
2280
Hanmi Financial
HAFC
$948M
| $1.09M | ﹤0.01% |
43,862
-5,095
| -10% | -$134K |
|
2281
Teekay
TK
$991M
| $1.09M | ﹤0.01% |
161,252
+5,419
| +3% | +$37.4K |
|
2282
FTAI Aviation
FTAI
$23.2B
| $1.08M | ﹤0.01% |
69,917
-5,627
| -7% | -$88.8K |
|
2283
CytomX Therapeutics
CTMX
$752M
| $1.08M | ﹤0.01% |
+58,516
| New | +$1.33M |
|
|
GPMT
2284
Granite Point Mortgage Trust
GPMT
$60.2M
| $1.08M | ﹤0.01% |
56,163
-4,100
| -7% | -$77.4K |
|
2285
CRISPR Therapeutics
CRSP
$5.23B
| $1.08M | ﹤0.01% |
24,383
+6,589
| +37% | +$345K |
|
2286
Babcock & Wilcox
BW
$1.37B
| $1.08M | ﹤0.01% |
104,857
-107,646
| -51% | -$1.79M |
|
2287
GrafTech
EAF
$206M
| $1.08M | ﹤0.01% |
5,531
-318
| -5% | -$59.9K |
|
|
RVI
2288
DELISTED
Retail Value Inc. Common Shares
RVI
| $1.08M | ﹤0.01% |
+358,677
| New | +$1.12M |
|
|
MFSF
2289
DELISTED
MutualFirst Financial Inc
MFSF
| $1.07M | ﹤0.01% |
29,171
| – | – |
|
|
FRGI
2290
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $1.07M | ﹤0.01% |
40,087
+9,942
| +33% | +$286K |
|
|
GLDD
2291
DELISTED
Great Lakes Dredge & Dock
GLDD
| $1.07M | ﹤0.01% |
172,527
-10,284
| -6% | -$57.3K |
|
|
BSTC
2292
DELISTED
BioSpecifics Technologies Corp.
BSTC
| $1.06M | ﹤0.01% |
18,153
| – | – |
|
2293
Lexicon Pharmaceuticals
LXRX
$1.08B
| $1.06M | ﹤0.01% |
99,456
-8,800
| -8% | -$101K |
|
|
JAX
2294
DELISTED
J. Alexander's Holdings, Inc.
JAX
| $1.06M | ﹤0.01% |
88,973
| – | – |
|
2295
Customers Bancorp
CUBI
$2.8B
| $1.06M | ﹤0.01% |
44,902
+7,915
| +21% | +$205K |
|
|
MRTX
2296
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $1.05M | ﹤0.01% |
+22,401
| New | +$1.25M |
|
2297
Boot Barn
BOOT
$5.02B
| $1.05M | ﹤0.01% |
36,927
+23,384
| +173% | +$618K |
|
2298
Hingham Institution for Saving
HIFS
$684M
| $1.05M | ﹤0.01% |
4,770
-154
| -3% | -$33.8K |
|
|
RDUS
2299
DELISTED
Radius Health, Inc.
RDUS
| $1.05M | ﹤0.01% |
58,800
-4,900
| -8% | -$111K |
|
2300
Waterstone Financial
WSBF
$374M
| $1.05M | ﹤0.01% |
60,978
+623
| +1% | +$10.6K |
|
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.