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 | |
|---|---|---|---|---|---|---|
2376
Lifecore Biomedical
LFCR
$183M
| $922K | ﹤0.01% |
63,998
-29,559
| -32% | -$409K |
|
2377
Home Bancorp
HBCP
$564M
| $921K | ﹤0.01% |
21,193
+493
| +2% | +$22.4K |
|
2378
Miller Industries
MLR
$620M
| $921K | ﹤0.01% |
34,246
-1,400
| -4% | -$37.7K |
|
|
ZEUS
2379
DELISTED
Olympic Steel
ZEUS
| $919K | ﹤0.01% |
44,051
-1,421
| -3% | -$30.9K |
|
|
AMNB
2380
DELISTED
American National Bankshares Inc
AMNB
| $916K | ﹤0.01% |
23,494
+6,966
| +42% | +$283K |
|
2381
BioCryst Pharmaceuticals
BCRX
$2.64B
| $914K | ﹤0.01% |
119,821
+10,421
| +10% | +$70K |
|
2382
Taylor Devices
TAYD
$172M
| $914K | ﹤0.01% |
79,856
| – | – |
|
|
TGP
2383
DELISTED
Teekay LNG Partners L.P.
TGP
| $914K | ﹤0.01% |
54,715
-7,906
| -13% | -$126K |
|
2384
Precigen
PGEN
$2.46B
| $911K | ﹤0.01% |
52,921
-5,711
| -10% | -$84.9K |
|
|
CASI
2385
DELISTED
CASI Pharmaceuticals
CASI
| $910K | ﹤0.01% |
19,495
+5,843
| +43% | +$408K |
|
|
ITIC
2386
Investors Title Co
ITIC
$535M
| $910K | ﹤0.01% |
5,420
| – | – |
|
|
BPYU
2387
DELISTED
Brookfield Property REIT Inc. Class A Common Stock
BPYU
| $910K | ﹤0.01% |
+43,501
| New | +$876K |
|
2388
M/I Homes
MHO
$3.85B
| $908K | ﹤0.01% |
37,934
-3,000
| -7% | -$77.8K |
|
2389
Select Water Solutions
WTTR
$2.72B
| $908K | ﹤0.01% |
+76,700
| New | +$1.05M |
|
|
WMC
2390
DELISTED
Western Asset Mortgage Capital Corporation
WMC
| $907K | ﹤0.01% |
9,052
-456
| -5% | -$49.4K |
|
|
PMD
2391
DELISTED
Psychemedics Corporation
PMD
| $906K | ﹤0.01% |
48,160
| – | – |
|
|
PGNX
2392
DELISTED
Progenics Pharmaceuticals Inc
PGNX
| $905K | ﹤0.01% |
144,415
+3,615
| +3% | +$27.8K |
|
2393
Bassett Furniture
BSET
$170M
| $902K | ﹤0.01% |
42,452
+2,839
| +7% | +$67.7K |
|
2394
QCR Holdings
QCRH
$1.71B
| $902K | ﹤0.01% |
22,073
-1,464
| -6% | -$65.2K |
|
2395
Graham Corp
GHM
$1.28B
| $901K | ﹤0.01% |
32,000
| – | – |
|
|
UCTT
2396
Ultra Clean Holdings
UCTT
$3.9B
| $900K | ﹤0.01% |
71,700
-15,203
| -17% | -$221K |
|
2397
MarineMax
HZO
$1.16B
| $899K | ﹤0.01% |
42,286
-3,000
| -7% | -$62.6K |
|
|
ALDR
2398
DELISTED
Alder Biopharmaceuticals
ALDR
| $899K | ﹤0.01% |
54,000
-4,500
| -8% | -$81.3K |
|
|
FLIC
2399
DELISTED
First of Long Island Corp
FLIC
| $895K | ﹤0.01% |
41,145
-3,200
| -7% | -$73.2K |
|
2400
AXT Inc
AXTI
$4.83B
| $893K | ﹤0.01% |
124,900
-5,500
| -4% | -$41.8K |
|
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.