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 |
PepsiCo
PEP
|
+$196M |
| 2 |
Coca-Cola
KO
|
+$195M |
| 3 |
NextEra Energy
NEE
|
+$108M |
| 4 |
McDonald's
MCD
|
+$99.5M |
| 5 |
Newmont
NEM
|
+$97.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apollo Global Management
APO
|
+$475M |
| 2 |
Apple
AAPL
|
+$244M |
| 3 |
Microsoft
MSFT
|
+$198M |
| 4 |
JPMorgan Chase
JPM
|
+$132M |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$99.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.05% |
| 2 | Financials | 14.87% |
| 3 | Healthcare | 13.45% |
| 4 | Consumer Discretionary | 9.92% |
| 5 | Consumer Staples | 9.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2276
Astronics
ATRO
$3.72B
| $822K | ﹤0.01% |
24,515
+1,680
| +7% | +$52.8K |
|
|
OLBK
2277
DELISTED
Old Line Bancshares, Inc.
OLBK
| $822K | ﹤0.01% |
30,887
-100
| -0.3% | -$2.55K |
|
|
BGG
2278
DELISTED
Briggs & Stratton Corp.
BGG
| $820K | ﹤0.01% |
80,083
-60,975
| -43% | -$687K |
|
|
PEI
2279
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $820K | ﹤0.01% |
8,412
+594
| +8% | +$57.8K |
|
2280
RadNet
RDNT
$6.08B
| $819K | ﹤0.01% |
59,387
-115,575
| -66% | -$1.48M |
|
|
AVID
2281
DELISTED
Avid Technology Inc
AVID
| $819K | ﹤0.01% |
89,762
-34,367
| -28% | -$281K |
|
|
AIOT
2282
PowerFleet Inc
AIOT
$411M
| $816K | ﹤0.01% |
138,786
| – | – |
|
2283
Fossil Group
FOSL
$317M
| $808K | ﹤0.01% |
70,219
-143,093
| -67% | -$1.76M |
|
|
MODN
2284
DELISTED
MODEL N, INC.
MODN
| $807K | ﹤0.01% |
+41,409
| New | +$762K |
|
|
SRLP
2285
DELISTED
SPRAGUE RESOURCES LP
SRLP
| $807K | ﹤0.01% |
45,544
| – | – |
|
|
GHL
2286
DELISTED
Greenhill & Co., Inc.
GHL
| $806K | ﹤0.01% |
59,316
-22,471
| -27% | -$412K |
|
|
SHOE
2287
Shoe Station Group
SHOE
$437M
| $805K | ﹤0.01% |
58,360
-5,484
| -9% | -$85.3K |
|
2288
James River Group Holdings
JRVR
$210M
| $804K | ﹤0.01% |
17,139
+6,419
| +60% | +$279K |
|
2289
Digital Turbine
APPS
$1.74B
| $802K | ﹤0.01% |
160,433
+112,533
| +235% | +$453K |
|
|
RARX
2290
DELISTED
Ra Pharmaceuticals, Inc. Common Stock
RARX
| $802K | ﹤0.01% |
26,656
+6,524
| +32% | +$149K |
|
|
AERI
2291
DELISTED
Aerie Pharmaceuticals
AERI
| $801K | ﹤0.01% |
27,100
+2,200
| +9% | +$84.8K |
|
2292
Essential Properties Realty Trust
EPRT
$6.53B
| $800K | ﹤0.01% |
+39,940
| New | +$814K |
|
2293
CytomX Therapeutics
CTMX
$750M
| $799K | ﹤0.01% |
71,185
-26,015
| -27% | -$273K |
|
2294
Vanda Pharmaceuticals
VNDA
$304M
| $798K | ﹤0.01% |
56,614
+1,200
| +2% | +$19.1K |
|
|
HAPN
2295
Happen Inc
HAPN
$2.24B
| $797K | ﹤0.01% |
48,610
+592
| +1% | +$9.34K |
|
2296
National Presto Industries
NPK
$985M
| $797K | ﹤0.01% |
8,540
+2,748
| +47% | +$280K |
|
2297
Home Bancorp
HBCP
$556M
| $796K | ﹤0.01% |
20,693
-500
| -2% | -$18.1K |
|
|
EGIO
2298
DELISTED
Edgio, Inc. Common Stock
EGIO
| $793K | ﹤0.01% |
7,347
-339
| -4% | -$40.5K |
|
2299
Natural Resource Partners
NRP
$1.39B
| $792K | ﹤0.01% |
22,339
-8,471
| -27% | -$339K |
|
2300
McEwen Inc
MUX
$1.18B
| $791K | ﹤0.01% |
45,192
+290
| +0.6% | +$4.24K |
|
Similar funds
California Public Employees Retirement System's Q2 2019 Portfolio in Review
As of Q2 2019, California Public Employees Retirement System held 3,341 positions worth $84.7B, up 4.4% from $81.2B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System's Q2 2019 filing shows 131 new, 874 increased, 1,775 reduced and 77 closed positions. Its largest new stake was Dow Inc: 1,160,686 shares worth $57.2M. The largest sale was Apollo Global Management, an estimated $475M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, down from 17% a quarter earlier, followed by Financials and Healthcare.
- California Public Employees Retirement System's largest Q2 2019 buy was Dow Inc: 1,160,686 shares worth $57.2M.
- California Public Employees Retirement System added most to PepsiCo in Q2 2019, an estimated $196M increase.
- California Public Employees Retirement System's biggest Q2 2019 reduction was Apollo Global Management, cutting an estimated $475M.
- California Public Employees Retirement System fully exited Ultimate Software Group Inc in Q2 2019, selling an estimated $21.4M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $84.7B portfolio in Q2 2019.
- California Public Employees Retirement System opened 131 new positions and closed 77 in Q2 2019.
- California Public Employees Retirement System's portfolio value rose 4.4% quarter-over-quarter to $84.7B.
Based on California Public Employees Retirement System's 13F filing for Q2 2019, filed 15 Aug 2019.