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 | |
|---|---|---|---|---|---|---|
|
EEX
2376
DELISTED
Emerald Holding
EEX
| $683K | ﹤0.01% |
61,256
-1,300
| -2% | -$16.2K |
|
2377
First Financial Corp
THFF
$962M
| $683K | ﹤0.01% |
16,995
-2,274
| -12% | -$91.6K |
|
|
RC
2378
Ready Capital
RC
$333M
| $682K | ﹤0.01% |
45,752
-18,630
| -29% | -$276K |
|
2379
KLX Energy Services
KLXE
$46M
| $680K | ﹤0.01% |
6,660
+100
| +2% | +$12.1K |
|
2380
Orion Group Holdings
ORN
$396M
| $678K | ﹤0.01% |
253,100
-14,701
| -5% | -$36.5K |
|
|
CJ
2381
DELISTED
C&J Energy Services, Inc.
CJ
| $678K | ﹤0.01% |
57,561
+3,100
| +6% | +$42.4K |
|
2382
Johnson Outdoors
JOUT
$501M
| $677K | ﹤0.01% |
9,075
-7,855
| -46% | -$605K |
|
|
CETV
2383
DELISTED
Central European Media Enterprises Ltd
CETV
| $677K | ﹤0.01% |
155,308
+600
| +0.4% | +$2.38K |
|
2384
MediWound
MDWD
$178M
| $676K | ﹤0.01% |
28,557
| – | – |
|
|
RAD
2385
DELISTED
Rite Aid Corporation
RAD
| $676K | ﹤0.01% |
84,407
-89,180
| -51% | -$769K |
|
|
RFP
2386
DELISTED
Resolute Forest Products Inc.
RFP
| $673K | ﹤0.01% |
93,540
-80,601
| -46% | -$566K |
|
|
NWHM
2387
DELISTED
THE NEW HOME COMPANY INC.
NWHM
| $673K | ﹤0.01% |
174,800
| – | – |
|
|
MBTF
2388
DELISTED
MBT Financial Corporation
MBTF
| $671K | ﹤0.01% |
66,951
| – | – |
|
|
TPIC
2389
DELISTED
TPI Composites
TPIC
| $670K | ﹤0.01% |
+27,096
| New | +$693K |
|
2390
Citizens & Northern Corp
CZNC
$454M
| $668K | ﹤0.01% |
25,356
-200
| -0.8% | -$5.45K |
|
2391
Hooker Furnishings Corp
HOFT
$159M
| $666K | ﹤0.01% |
32,318
-2,500
| -7% | -$67.3K |
|
|
VTLE
2392
DELISTED
Vital Energy
VTLE
| $666K | ﹤0.01% |
11,477
-17,437
| -60% | -$1.06M |
|
2393
AMES National
ATLO
$275M
| $665K | ﹤0.01% |
24,538
| – | – |
|
|
CHS
2394
DELISTED
Chicos FAS, Inc.
CHS
| $665K | ﹤0.01% |
197,350
-44,615
| -18% | -$162K |
|
|
FNHC
2395
DELISTED
FedNat Holding Company Common Stock
FNHC
| $665K | ﹤0.01% |
46,600
| – | – |
|
2396
Chefs' Warehouse
CHEF
$4.44B
| $664K | ﹤0.01% |
18,929
+3,000
| +19% | +$98.8K |
|
2397
BRC Group Holdings
RILY
$292M
| $663K | ﹤0.01% |
31,794
+300
| +1% | +$5.72K |
|
|
SP
2398
DELISTED
SP Plus Corporation
SP
| $662K | ﹤0.01% |
20,743
-5,509
| -21% | -$182K |
|
2399
National Bankshares
NKSH
$257M
| $661K | ﹤0.01% |
16,990
-1,300
| -7% | -$51.9K |
|
|
RUBY
2400
DELISTED
Rubius Therapeutics, Inc
RUBY
| $661K | ﹤0.01% |
42,000
-81,000
| -66% | -$1.31M |
|
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.