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 | |
|---|---|---|---|---|---|---|
|
PERY
2301
DELISTED
Perry Ellis International Inc
PERY
| $1.04M | ﹤0.01% |
38,247
-2,243
| -6% | -$62.8K |
|
2302
BlackLine
BL
$1.63B
| $1.04M | ﹤0.01% |
+18,482
| New | +$920K |
|
|
HOS
2303
DELISTED
Hornbeck Offshore Services, Inc.
HOS
| $1.04M | ﹤0.01% |
177,283
-43,667
| -20% | -$200K |
|
|
QIWI
2304
DELISTED
QIWI PLC
QIWI
| $1.03M | ﹤0.01% |
78,527
-1,327
| -2% | -$19.6K |
|
2305
Ambarella
AMBA
$3.64B
| $1.03M | ﹤0.01% |
26,697
-1,700
| -6% | -$65.9K |
|
2306
Acushnet Holdings
GOLF
$5.28B
| $1.03M | ﹤0.01% |
+37,648
| New | +$978K |
|
2307
VSE Corp
VSEC
$6.79B
| $1.03M | ﹤0.01% |
31,184
-2,600
| -8% | -$106K |
|
|
BHR
2308
Braemar Hotels & Resorts
BHR
$138M
| $1.03M | ﹤0.01% |
88,558
+2,440
| +3% | +$27.4K |
|
|
EEX
2309
DELISTED
Emerald Holding
EEX
| $1.03M | ﹤0.01% |
62,556
-5,200
| -8% | -$90.4K |
|
2310
Bank of N.T. Butterfield & Son
NTB
$2.49B
| $1.03M | ﹤0.01% |
19,862
-550
| -3% | -$27.7K |
|
|
FLY
2311
DELISTED
Fly Leasing Limited
FLY
| $1.03M | ﹤0.01% |
73,041
-3,885
| -5% | -$54.9K |
|
|
VNET
2312
VNET Group
VNET
$2.14B
| $1.03M | ﹤0.01% |
101,748
+2,286
| +2% | +$22.3K |
|
|
NSA
2313
DELISTED
National Storage Affiliates Trust
NSA
| $1.03M | ﹤0.01% |
40,315
+10,789
| +37% | +$307K |
|
2314
Ascent Industries
ACNT
$138M
| $1.02M | ﹤0.01% |
44,857
| – | – |
|
|
AM
2315
DELISTED
ANTERO MIDSTREAM PARTNERS LP
AM
| $1.02M | ﹤0.01% |
35,781
+2,938
| +9% | +$90K |
|
2316
Bar Harbor Bankshares
BHB
$667M
| $1.02M | ﹤0.01% |
35,666
-3,000
| -8% | -$88.5K |
|
2317
Nathan's Famous
NATH
$399M
| $1.02M | ﹤0.01% |
12,408
-117
| -0.9% | -$10.7K |
|
2318
Stewart Information Services
STC
$2B
| $1.02M | ﹤0.01% |
22,674
+3,084
| +16% | +$138K |
|
|
CJ
2319
DELISTED
C&J Energy Services, Inc.
CJ
| $1.02M | ﹤0.01% |
49,100
-4,100
| -8% | -$91.9K |
|
2320
Novavax
NVAX
$1.31B
| $1.02M | ﹤0.01% |
27,133
-2,140
| -7% | -$60.3K |
|
2321
James River Group Holdings
JRVR
$194M
| $1.02M | ﹤0.01% |
23,907
-816
| -3% | -$33.4K |
|
|
HAYN
2322
DELISTED
Haynes International, Inc.
HAYN
| $1.02M | ﹤0.01% |
28,694
-2,089
| -7% | -$79.7K |
|
2323
John B. Sanfilippo & Son
JBSS
$978M
| $1.02M | ﹤0.01% |
14,259
-1,200
| -8% | -$90.1K |
|
|
EMES
2324
DELISTED
Emerge Energy Services LP
EMES
| $1.02M | ﹤0.01% |
255,099
| – | – |
|
2325
JELD-WEN Holding
JELD
$164M
| $1.02M | ﹤0.01% |
41,214
-675
| -2% | -$18K |
|
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.