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 |
Chubb
CB
|
+$42.8M |
| 2 |
Broadcom
AVGO
|
+$35.4M |
| 3 |
Chevron
CVX
|
+$26M |
| 4 |
Weyerhaeuser
WY
|
+$23.4M |
| 5 |
Dentsply Sirona
XRAY
|
+$20.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CB
CHUBB CORPORATION
CB
|
+$93.8M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$83.3M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$79.2M |
| 4 |
Meta Platforms (Facebook)
META
|
+$34.9M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$34.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.47% |
| 2 | Technology | 14.84% |
| 3 | Healthcare | 13.78% |
| 4 | Industrials | 11.03% |
| 5 | Consumer Discretionary | 10.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1976
Calumet Specialty Products
CLMT
$4.19B
| $1.74M | ﹤0.01% |
148,000
-15,300
| -9% | -$213K |
|
|
ABCO
1977
DELISTED
Advisory Board Co
ABCO
| $1.74M | ﹤0.01% |
53,900
-7,100
| -12% | -$265K |
|
|
HZN
1978
DELISTED
Horizon Global Corporation
HZN
| $1.74M | ﹤0.01% |
138,000
+36,200
| +36% | +$359K |
|
1979
WesBanco
WSBC
$4.09B
| $1.74M | ﹤0.01% |
58,400
-2,400
| -4% | -$68.6K |
|
1980
MarineMax
HZO
$1.15B
| $1.73M | ﹤0.01% |
88,800
+1,600
| +2% | +$27.5K |
|
1981
Universal Insurance Holdings
UVE
$1.2B
| $1.73M | ﹤0.01% |
97,000
-20,200
| -17% | -$374K |
|
|
RLYP
1982
DELISTED
RELYPSA INC COM
RLYP
| $1.73M | ﹤0.01% |
127,300
-7,700
| -6% | -$131K |
|
1983
Arbor Realty Trust
ABR
$950M
| $1.72M | ﹤0.01% |
254,700
+22,700
| +10% | +$149K |
|
1984
Cooper-Standard Automotive
CPS
$506M
| $1.72M | ﹤0.01% |
24,000
+6,900
| +40% | +$490K |
|
1985
Golar LNG
GLNG
$5.34B
| $1.72M | ﹤0.01% |
95,800
-5,900
| -6% | -$101K |
|
1986
CVR Partners
UAN
$1.31B
| $1.72M | ﹤0.01% |
20,560
-1,240
| -6% | -$81.9K |
|
|
AVDL
1987
DELISTED
Avadel Pharmaceuticals
AVDL
| $1.72M | ﹤0.01% |
155,600
-15,900
| -9% | -$158K |
|
|
SAAS
1988
DELISTED
inContact, Inc.
SAAS
| $1.72M | ﹤0.01% |
192,900
-11,700
| -6% | -$103K |
|
1989
Park-Ohio Holdings
PKOH
$716M
| $1.71M | ﹤0.01% |
40,000
+600
| +2% | +$19K |
|
|
RAS
1990
DELISTED
RAIT Financial Trust
RAS
| $1.71M | ﹤0.01% |
544,800
+151,200
| +38% | +$387K |
|
|
AFAM
1991
DELISTED
Almost Family Inc
AFAM
| $1.71M | ﹤0.01% |
45,800
-5,300
| -10% | -$198K |
|
1992
Boise Cascade
BCC
$2.9B
| $1.71M | ﹤0.01% |
82,300
+6,800
| +9% | +$128K |
|
1993
Marten Transport
MRTN
$1.24B
| $1.71M | ﹤0.01% |
227,750
-12,000
| -5% | -$82.4K |
|
|
SEMG
1994
DELISTED
SEMGROUP CORPORATION
SEMG
| $1.71M | ﹤0.01% |
76,100
-800
| -1% | -$16.5K |
|
|
OB
1995
DELISTED
Onebeacon Insurance Group Ltd
OB
| $1.71M | ﹤0.01% |
133,929
+19,300
| +17% | +$246K |
|
|
CKEC
1996
DELISTED
Carmike Cinemas Inc
CKEC
| $1.7M | ﹤0.01% |
56,600
+2,200
| +4% | +$53.3K |
|
|
CHMI
1997
Cherry Hill Mortgage Investment Corp
CHMI
$108M
| $1.7M | ﹤0.01% |
120,000
| – | – |
|
1998
Helios Technologies
HLIO
$2.69B
| $1.7M | ﹤0.01% |
51,100
-200
| -0.4% | -$5.89K |
|
|
SNR
1999
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $1.69M | ﹤0.01% |
164,499
+6,100
| +4% | +$57.1K |
|
|
VASC
2000
DELISTED
Vascular Solutions Inc
VASC
| $1.69M | ﹤0.01% |
51,900
+4,100
| +9% | +$118K |
|
Similar funds
California Public Employees Retirement System's Q1 2016 Portfolio in Review
As of Q1 2016, California Public Employees Retirement System held 3,700 positions worth $62B, down 1.9% from $63.3B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
California Public Employees Retirement System's Q1 2016 filing shows 73 new, 1,092 increased, 1,697 reduced and 112 closed positions. Its largest new stake was Axalta: 370,700 shares worth $10.8M. The largest sale was CHUBB CORPORATION, an estimated $93.8M.
By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 17% a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System's largest Q1 2016 buy was Axalta: 370,700 shares worth $10.8M.
- California Public Employees Retirement System added most to Chubb in Q1 2016, an estimated $42.8M increase.
- California Public Employees Retirement System's biggest Q1 2016 reduction was Meta Platforms (Facebook), cutting an estimated $34.9M.
- California Public Employees Retirement System fully exited CHUBB CORPORATION in Q1 2016, selling an estimated $93.8M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $62B portfolio in Q1 2016.
- California Public Employees Retirement System opened 73 new positions and closed 112 in Q1 2016.
- California Public Employees Retirement System's portfolio value fell 1.9% quarter-over-quarter to $62B.
Based on California Public Employees Retirement System's 13F filing for Q1 2016, filed 4 May 2016.