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 | |
|---|---|---|---|---|---|---|
2401
Triumph Financial Inc
TFIN
$1.82B
| $893K | ﹤0.01% |
+23,381
| New | +$971K |
|
2402
Simulations Plus
SLP
$370M
| $892K | ﹤0.01% |
44,182
+4,982
| +13% | +$97.3K |
|
2403
Walker & Dunlop
WD
$1.48B
| $880K | ﹤0.01% |
16,632
+2,044
| +14% | +$114K |
|
2404
Willis Lease Finance
WLFC
$1.16B
| $880K | ﹤0.01% |
76,500
| – | – |
|
|
HCCI
2405
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
| $880K | ﹤0.01% |
41,222
-1,700
| -4% | -$37.2K |
|
|
TYPE
2406
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $880K | ﹤0.01% |
43,555
-2,108
| -5% | -$43.5K |
|
2407
V2X
VVX
$2.52B
| $874K | ﹤0.01% |
28,023
-498
| -2% | -$16.1K |
|
|
TESS
2408
DELISTED
Tessco Technologies Inc
TESS
| $873K | ﹤0.01% |
57,253
| – | – |
|
2409
IES Holdings
IESC
$15.5B
| $871K | ﹤0.01% |
44,688
| – | – |
|
2410
McEwen Inc
MUX
$1.17B
| $871K | ﹤0.01% |
44,902
-3,520
| -7% | -$73.7K |
|
|
AVID
2411
DELISTED
Avid Technology Inc
AVID
| $868K | ﹤0.01% |
146,353
-13,011
| -8% | -$72.4K |
|
|
NOAH
2412
Noah Holdings
NOAH
$591M
| $867K | ﹤0.01% |
20,580
+4,880
| +31% | +$223K |
|
|
QTS
2413
DELISTED
QTS REALTY TRUST, INC.
QTS
| $865K | ﹤0.01% |
20,277
-1,899
| -9% | -$82.8K |
|
|
ASRT
2414
DELISTED
Assertio
ASRT
| $864K | ﹤0.01% |
2,450
| – | – |
|
2415
Tecnoglass Holdings Inc.
TGLS
$1.9B
| $862K | ﹤0.01% |
87,726
+1,354
| +2% | +$12.4K |
|
|
CIVI
2416
DELISTED
Civitas Solutions, Inc.
CIVI
| $858K | ﹤0.01% |
58,151
-382
| -0.7% | -$6.03K |
|
2417
Sonida Senior Living
SNDA
$1.87B
| $855K | ﹤0.01% |
6,037
+447
| +8% | +$60.7K |
|
2418
Zscaler
ZS
$28.9B
| $855K | ﹤0.01% |
+20,966
| New | +$847K |
|
|
RDFN
2419
DELISTED
Redfin
RDFN
| $853K | ﹤0.01% |
45,626
+1,889
| +4% | +$40K |
|
|
CCXI
2420
DELISTED
ChemoCentryx, Inc.
CCXI
| $853K | ﹤0.01% |
67,452
+4,652
| +7% | +$56K |
|
|
SRGA
2421
DELISTED
Surgalign Holdings, Inc. Common Stock
SRGA
| $853K | ﹤0.01% |
6,317
| – | – |
|
|
DM
2422
DELISTED
Dominion Energy Midstream Ptr LP
DM
| $852K | ﹤0.01% |
47,602
-3,600
| -7% | -$57.7K |
|
2423
Citizens
CIA
$188M
| $849K | ﹤0.01% |
101,120
-4,100
| -4% | -$32.9K |
|
2424
Red Rock Resorts
RRR
$3.73B
| $849K | ﹤0.01% |
31,845
+15,604
| +96% | +$503K |
|
|
UBFO
2425
DELISTED
United Security Bancshares
UBFO
| $846K | ﹤0.01% |
76,198
| – | – |
|
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.