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 | |
|---|---|---|---|---|---|---|
2301
Covenant Logistics
CVLG
$847M
| $1.05M | ﹤0.01% |
66,476
+3,876
| +6% | +$59.1K |
|
2302
Box
BOX
$4.55B
| $1.05M | ﹤0.01% |
+41,852
| New | +$1.04M |
|
2303
Comstock Resources
CRK
$4.23B
| $1.05M | ﹤0.01% |
99,520
| – | – |
|
2304
CRISPR Therapeutics
CRSP
$5.23B
| $1.05M | ﹤0.01% |
+17,794
| New | +$1.01M |
|
2305
First Financial Corp
THFF
$967M
| $1.05M | ﹤0.01% |
23,070
+670
| +3% | +$29.3K |
|
2306
Oil-Dri
ODC
$1.27B
| $1.04M | ﹤0.01% |
49,600
| – | – |
|
|
ITCI
2307
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $1.04M | ﹤0.01% |
59,105
+7,705
| +15% | +$156K |
|
|
TBHC
2308
DELISTED
The Brand House Collective
TBHC
| $1.04M | ﹤0.01% |
89,504
-33,921
| -27% | -$378K |
|
2309
Twin Disc
TWIN
$348M
| $1.04M | ﹤0.01% |
41,946
+446
| +1% | +$11.3K |
|
2310
Trupanion
TRUP
$1.34B
| $1.04M | ﹤0.01% |
26,899
-18,097
| -40% | -$562K |
|
|
APTS
2311
DELISTED
Preferred Apartment Communities, Inc.
APTS
| $1.03M | ﹤0.01% |
60,883
-27,044
| -31% | -$398K |
|
|
APLS
2312
DELISTED
Apellis Pharmaceuticals
APLS
| $1.03M | ﹤0.01% |
+46,916
| New | +$1.08M |
|
2313
Gladstone Investment Corp
GAIN
$655M
| $1.03M | ﹤0.01% |
87,600
-24,200
| -22% | -$272K |
|
2314
Waterstone Financial
WSBF
$374M
| $1.03M | ﹤0.01% |
60,355
+11,091
| +23% | +$194K |
|
2315
Ingles Markets
IMKTA
$1.65B
| $1.03M | ﹤0.01% |
32,252
-17,815
| -36% | -$561K |
|
2316
First Bancorp
FNLC
$400M
| $1.02M | ﹤0.01% |
36,295
+2,132
| +6% | +$60.9K |
|
2317
Provident Financial
PROV
$112M
| $1.02M | ﹤0.01% |
53,515
| – | – |
|
2318
Gaia
GAIA
$31.4M
| $1.02M | ﹤0.01% |
50,305
| – | – |
|
|
ZIXI
2319
DELISTED
Zix Corporation
ZIXI
| $1.02M | ﹤0.01% |
188,522
+12,022
| +7% | +$61.8K |
|
2320
AMC Entertainment Holdings
AMC
$2.14B
| $1.01M | ﹤0.01% |
6,379
-2,451
| -28% | -$395K |
|
2321
Evolution Petroleum
EPM
$135M
| $1.01M | ﹤0.01% |
102,947
+11,247
| +12% | +$104K |
|
2322
MYR Group
MYRG
$5.14B
| $1.01M | ﹤0.01% |
28,534
-14,606
| -34% | -$516K |
|
|
LJPC
2323
DELISTED
La Jolla Pharmaceutical Company
LJPC
| $1.01M | ﹤0.01% |
34,700
-7,600
| -18% | -$235K |
|
|
TLP
2324
DELISTED
Transmontaigne
TLP
| $1.01M | ﹤0.01% |
27,430
-523
| -2% | -$19.8K |
|
|
EEQ
2325
DELISTED
Enbridge Energy Management Llc
EEQ
| $1.01M | ﹤0.01% |
101,825
-9,195
| -8% | -$82.8K |
|
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.