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 | |
|---|---|---|---|---|---|---|
2401
Simulations Plus
SLP
$370M
| $872K | ﹤0.01% |
39,200
| – | – |
|
|
SRGA
2402
DELISTED
Surgalign Holdings, Inc. Common Stock
SRGA
| $872K | ﹤0.01% |
6,317
| – | – |
|
|
BREW
2403
DELISTED
Craft Brew Alliance, Inc.
BREW
| $871K | ﹤0.01% |
42,181
+2,991
| +8% | +$58.4K |
|
2404
Western New England Bancorp
WNEB
$280M
| $866K | ﹤0.01% |
78,716
+5,510
| +8% | +$59.8K |
|
|
FRGI
2405
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $865K | ﹤0.01% |
30,145
+1,444
| +5% | +$33.7K |
|
2406
Coca-Cola Consolidated
COKE
$12.1B
| $863K | ﹤0.01% |
63,850
+830
| +1% | +$12.2K |
|
|
HCCI
2407
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
| $863K | ﹤0.01% |
42,922
+2,622
| +7% | +$54.9K |
|
|
CALY
2408
Callaway Golf Company
CALY
$3.04B
| $861K | ﹤0.01% |
45,376
+9,170
| +25% | +$168K |
|
2409
MarineMax
HZO
$1.15B
| $858K | ﹤0.01% |
45,286
+5,386
| +13% | +$116K |
|
2410
AtriCure
ATRC
$2.13B
| $857K | ﹤0.01% |
31,700
-2,900
| -8% | -$68.2K |
|
|
UBFO
2411
DELISTED
United Security Bancshares
UBFO
| $853K | ﹤0.01% |
76,198
| – | – |
|
2412
Cerus
CERS
$520M
| $851K | ﹤0.01% |
127,628
+9,528
| +8% | +$58.4K |
|
|
MCF
2413
DELISTED
Contango Oil & Gas Co.
MCF
| $851K | ﹤0.01% |
149,829
-37,360
| -20% | -$159K |
|
|
USAK
2414
DELISTED
USA Truck Inc
USAK
| $848K | ﹤0.01% |
36,143
| – | – |
|
2415
Stewart Information Services
STC
$2.01B
| $844K | ﹤0.01% |
19,590
+2,473
| +14% | +$106K |
|
2416
UroGen Pharma
URGN
$2.28B
| $840K | ﹤0.01% |
+16,885
| New | +$983K |
|
|
FRED
2417
DELISTED
Fred's Inc
FRED
| $838K | ﹤0.01% |
367,754
+16,688
| +5% | +$36.3K |
|
2418
Natural Gas Services Group
NGS
$471M
| $837K | ﹤0.01% |
35,445
+2,858
| +9% | +$69K |
|
2419
Prothena Corp
PRTA
$465M
| $834K | ﹤0.01% |
57,168
-2,932
| -5% | -$57.9K |
|
2420
Manchester United
MANU
$3.75B
| $833K | ﹤0.01% |
40,424
+124
| +0.3% | +$2.5K |
|
2421
Digi International
DGII
$3.16B
| $832K | ﹤0.01% |
63,011
+5,175
| +9% | +$61.7K |
|
2422
Option Care Health
OPCH
$3.67B
| $830K | ﹤0.01% |
70,825
| – | – |
|
|
AVID
2423
DELISTED
Avid Technology Inc
AVID
| $829K | ﹤0.01% |
159,364
-51,034
| -24% | -$249K |
|
|
CCXI
2424
DELISTED
ChemoCentryx, Inc.
CCXI
| $827K | ﹤0.01% |
62,800
| – | – |
|
2425
Graham Corp
GHM
$1.29B
| $826K | ﹤0.01% |
32,000
| – | – |
|
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.