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 | |
|---|---|---|---|---|---|---|
2426
McCormick & Company Voting
MKC.V
$14.2B
| $843K | ﹤0.01% |
12,828
-4,444
| -26% | -$274K |
|
2427
Manchester United
MANU
$3.8B
| $842K | ﹤0.01% |
37,424
-3,000
| -7% | -$68.4K |
|
2428
MYR Group
MYRG
$5.14B
| $842K | ﹤0.01% |
25,798
-2,736
| -10% | -$96.4K |
|
2429
Option Care Health
OPCH
$3.61B
| $841K | ﹤0.01% |
67,825
-3,000
| -4% | -$35.1K |
|
2430
Comstock Resources
CRK
$4.23B
| $834K | ﹤0.01% |
99,520
| – | – |
|
|
RPT
2431
Rithm Property Trust
RPT
$98.2M
| $834K | ﹤0.01% |
10,577
| – | – |
|
2432
National Bankshares
NKSH
$269M
| $831K | ﹤0.01% |
18,290
-800
| -4% | -$37.2K |
|
2433
KNOT Offshore Partners
KNOP
$364M
| $830K | ﹤0.01% |
38,252
-1,388
| -4% | -$30.6K |
|
|
QHC
2434
DELISTED
Quorum Health Corporation
QHC
| $827K | ﹤0.01% |
141,070
+8,924
| +7% | +$41K |
|
2435
KRONOS Worldwide
KRO
$963M
| $826K | ﹤0.01% |
50,860
-1,090
| -2% | -$22.2K |
|
2436
Sterling Infrastructure
STRL
$16.3B
| $823K | ﹤0.01% |
57,443
-2,300
| -4% | -$32.6K |
|
|
HSKA
2437
DELISTED
Heska Corp
HSKA
| $823K | ﹤0.01% |
7,261
-115
| -2% | -$12.1K |
|
2438
Fuel Tech
FTEK
$43.7M
| $821K | ﹤0.01% |
631,820
| – | – |
|
|
EBTC
2439
DELISTED
Enterprise Bancorp
EBTC
| $818K | ﹤0.01% |
23,795
+8,555
| +56% | +$314K |
|
|
CHRA
2440
DELISTED
Charah Solutions, Inc Common Stock
CHRA
| $818K | ﹤0.01% |
10,350
| – | – |
|
2441
Hamilton Lane
HLNE
$5.78B
| $817K | ﹤0.01% |
+18,452
| New | +$888K |
|
2442
Kura Oncology
KURA
$882M
| $817K | ﹤0.01% |
46,659
+19,748
| +73% | +$379K |
|
2443
Super Micro Computer
SMCI
$20.4B
| $817K | ﹤0.01% |
396,240
-6,960
| -2% | -$15.3K |
|
2444
Western New England Bancorp
WNEB
$281M
| $817K | ﹤0.01% |
75,616
-3,100
| -4% | -$33.6K |
|
2445
The Bancorp
TBBK
$2.83B
| $816K | ﹤0.01% |
85,041
-9,928
| -10% | -$100K |
|
|
PIR
2446
DELISTED
Pier 1 Imports, Inc.
PIR
| $815K | ﹤0.01% |
27,160
+3,854
| +17% | +$153K |
|
2447
Digi International
DGII
$3.17B
| $814K | ﹤0.01% |
60,511
-2,500
| -4% | -$33.2K |
|
|
ITI
2448
DELISTED
Iteris, Inc.
ITI
| $812K | ﹤0.01% |
151,000
| – | – |
|
|
ORBC
2449
DELISTED
ORBCOMM, Inc.
ORBC
| $808K | ﹤0.01% |
74,400
-21,221
| -22% | -$224K |
|
|
IMOS
2450
ChipMOS TECHNOLOGIES
IMOS
$2.06B
| $805K | ﹤0.01% |
44,589
| – | – |
|
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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.