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 | |
|---|---|---|---|---|---|---|
|
RDFN
2326
DELISTED
Redfin
RDFN
| $1.01M | ﹤0.01% |
43,737
+7,737
| +21% | +$174K |
|
2327
McEwen Inc
MUX
$1.17B
| $1M | ﹤0.01% |
48,422
+1,632
| +3% | +$34.9K |
|
|
ITIC
2328
Investors Title Co
ITIC
$543M
| $1M | ﹤0.01% |
5,420
+307
| +6% | +$58.5K |
|
2329
McCormick & Company Voting
MKC.V
$14.2B
| $1M | ﹤0.01% |
17,272
+7,738
| +81% | +$406K |
|
|
LXFT
2330
DELISTED
Luxoft Holding, Inc.
LXFT
| $997K | ﹤0.01% |
27,057
+2,862
| +12% | +$110K |
|
|
AFI
2331
DELISTED
Armstrong Flooring, Inc.
AFI
| $996K | ﹤0.01% |
70,966
-15,999
| -18% | -$216K |
|
2332
The Bancorp
TBBK
$2.84B
| $993K | ﹤0.01% |
94,969
-91,111
| -49% | -$1,000K |
|
|
JAX
2333
DELISTED
J. Alexander's Holdings, Inc.
JAX
| $992K | ﹤0.01% |
88,973
| – | – |
|
|
WMC
2334
DELISTED
Western Asset Mortgage Capital Corporation
WMC
| $991K | ﹤0.01% |
9,508
-7,748
| -45% | -$794K |
|
|
TESS
2335
DELISTED
Tessco Technologies Inc
TESS
| $990K | ﹤0.01% |
57,253
+555
| +1% | +$10.2K |
|
|
ASRT
2336
DELISTED
Assertio
ASRT
| $981K | ﹤0.01% |
2,450
+153
| +7% | +$62.2K |
|
2337
Cass Information Systems
CASS
$740M
| $980K | ﹤0.01% |
17,089
+1,909
| +13% | +$100K |
|
2338
Entravision Communication
EVC
$795M
| $979K | ﹤0.01% |
195,838
+14,109
| +8% | +$65K |
|
|
YELL
2339
DELISTED
Yellow Corporation Common Stock
YELL
| $979K | ﹤0.01% |
97,412
-38,341
| -28% | -$379K |
|
2340
Oppenheimer Holdings
OPY
$1.22B
| $977K | ﹤0.01% |
34,904
-10,565
| -23% | -$294K |
|
|
BHR
2341
Braemar Hotels & Resorts
BHR
$139M
| $974K | ﹤0.01% |
86,118
-28,270
| -25% | -$296K |
|
|
CNR
2342
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $973K | ﹤0.01% |
46,319
+8,869
| +24% | +$170K |
|
2343
James River Group Holdings
JRVR
$191M
| $971K | ﹤0.01% |
24,723
-4,403
| -15% | -$166K |
|
2344
Bristow Group
VTOL
$1.37B
| $971K | ﹤0.01% |
37,501
-16,856
| -31% | -$397K |
|
2345
Capital City Bank Group
CCBG
$890M
| $970K | ﹤0.01% |
41,042
+1,927
| +5% | +$46.1K |
|
|
AM
2346
DELISTED
ANTERO MIDSTREAM PARTNERS LP
AM
| $970K | ﹤0.01% |
32,843
+17,593
| +115% | +$495K |
|
|
ORBC
2347
DELISTED
ORBCOMM, Inc.
ORBC
| $966K | ﹤0.01% |
95,621
+8,521
| +10% | +$81.1K |
|
|
VNET
2348
VNET Group
VNET
$2.12B
| $965K | ﹤0.01% |
99,462
-12,298
| -11% | -$87.4K |
|
2349
Home Bancorp
HBCP
$564M
| $964K | ﹤0.01% |
20,700
| – | – |
|
|
GLDD
2350
DELISTED
Great Lakes Dredge & Dock
GLDD
| $960K | ﹤0.01% |
182,811
-56,469
| -24% | -$278K |
|
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.