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 | |
|---|---|---|---|---|---|---|
|
ONE
2026
DELISTED
HIGHER ONE HOLDINGS, INC COM STK
ONE
| $1.62M | ﹤0.01% |
414,000
+4,800
| +1% | +$17.9K |
|
|
UNTD
2027
DELISTED
UNITED ONLINE INC COM NEW
UNTD
| $1.62M | ﹤0.01% |
140,138
+32,500
| +30% | +$365K |
|
|
ESI
2028
DELISTED
ITT EDUCATIONAL SERVICES INC
ESI
| $1.62M | ﹤0.01% |
522,994
+50,700
| +11% | +$148K |
|
|
AMCC
2029
DELISTED
Applied Micro Circuits Corporation New
AMCC
| $1.61M | ﹤0.01% |
249,800
-15,000
| -6% | -$86.5K |
|
2030
HealthStream
HSTM
$846M
| $1.61M | ﹤0.01% |
73,000
-2,000
| -3% | -$41.2K |
|
2031
MediWound
MDWD
$174M
| $1.61M | ﹤0.01% |
28,557
| – | – |
|
|
LCI
2032
DELISTED
Lannett Company, Inc.
LCI
| $1.6M | ﹤0.01% |
22,375
-5,775
| -21% | -$611K |
|
2033
Standex International
SXI
$4.01B
| $1.6M | ﹤0.01% |
20,600
+2,000
| +11% | +$145K |
|
2034
Hooker Furnishings Corp
HOFT
$158M
| $1.6M | ﹤0.01% |
48,700
-3,400
| -7% | -$103K |
|
|
SHOE
2035
Shoe Station Group
SHOE
$414M
| $1.6M | ﹤0.01% |
118,600
+3,400
| +3% | +$40.4K |
|
|
DTSI
2036
DELISTED
DTS, Inc.
DTSI
| $1.6M | ﹤0.01% |
73,400
-2,200
| -3% | -$48.6K |
|
|
RPT
2037
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $1.6M | ﹤0.01% |
88,613
-4,300
| -5% | -$72.7K |
|
|
MTOR
2038
DELISTED
MERITOR, Inc.
MTOR
| $1.6M | ﹤0.01% |
198,000
-15,200
| -7% | -$111K |
|
|
BPT
2039
DELISTED
BP Prudhoe Bay Royalty Trust
BPT
| $1.59M | ﹤0.01% |
112,900
+63,900
| +130% | +$1.49M |
|
2040
Entravision Communication
EVC
$832M
| $1.59M | ﹤0.01% |
213,300
-1,300
| -0.6% | -$9.59K |
|
|
FPO
2041
DELISTED
First Potomac Realty Trust
FPO
| $1.58M | ﹤0.01% |
174,826
+18,800
| +12% | +$173K |
|
2042
Onto Innovation
ONTO
$20.3B
| $1.57M | ﹤0.01% |
99,455
-5,200
| -5% | -$72.7K |
|
2043
Safety Insurance
SAFT
$1.52B
| $1.57M | ﹤0.01% |
27,600
+3,200
| +13% | +$178K |
|
|
HMHC
2044
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $1.57M | ﹤0.01% |
78,800
+3,800
| +5% | +$70K |
|
|
CEMP
2045
DELISTED
Cempra, Inc.
CEMP
| $1.57M | ﹤0.01% |
89,500
-27,700
| -24% | -$502K |
|
|
CFNL
2046
DELISTED
Cardinal Financial Corp
CFNL
| $1.56M | ﹤0.01% |
76,800
-25,600
| -25% | -$501K |
|
|
GBNK
2047
DELISTED
Guaranty Bancorp
GBNK
| $1.56M | ﹤0.01% |
100,900
-3,600
| -3% | -$55.5K |
|
2048
Ezcorp Inc
EZPW
$1.81B
| $1.56M | ﹤0.01% |
525,000
+165,900
| +46% | +$519K |
|
2049
First Community Bankshares
FCBC
$936M
| $1.56M | ﹤0.01% |
78,600
+4,800
| +7% | +$87.4K |
|
|
NWLI
2050
DELISTED
National Western Life Group, Inc. Class A
NWLI
| $1.56M | ﹤0.01% |
6,749
+1,200
| +22% | +$265K |
|
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.