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 | |
|---|---|---|---|---|---|---|
2051
American Vanguard Corp
AVD
$62.5M
| $1.55M | ﹤0.01% |
98,300
-3,000
| -3% | -$39.2K |
|
|
FRAN
2052
DELISTED
Francesca's Holdings Corporation
FRAN
| $1.55M | ﹤0.01% |
6,742
+225
| +3% | +$48.5K |
|
2053
Atlantic Union Bankshares
AUB
$6.12B
| $1.55M | ﹤0.01% |
62,800
+600
| +1% | +$13.9K |
|
|
AVX
2054
DELISTED
AVX Corporation
AVX
| $1.55M | ﹤0.01% |
123,100
-32,400
| -21% | -$377K |
|
|
PDLI
2055
DELISTED
PDL BioPharma, Inc.
PDLI
| $1.55M | ﹤0.01% |
464,700
+80,300
| +21% | +$250K |
|
|
ZVO
2056
DELISTED
Zovio Inc. Common Stock
ZVO
| $1.54M | ﹤0.01% |
152,871
+9,900
| +7% | +$75.2K |
|
|
ZEUS
2057
DELISTED
Olympic Steel
ZEUS
| $1.54M | ﹤0.01% |
88,900
+17,800
| +25% | +$211K |
|
|
AUD
2058
DELISTED
Audacy, Inc.
AUD
| $1.53M | ﹤0.01% |
144,900
-8,800
| -6% | -$93.6K |
|
2059
Innospec
IOSP
$2.31B
| $1.53M | ﹤0.01% |
35,300
-1,000
| -3% | -$46.2K |
|
2060
Air T
AIRT
$79.2M
| $1.53M | ﹤0.01% |
94,800
| – | – |
|
2061
Inogen
INGN
$153M
| $1.52M | ﹤0.01% |
33,900
-6,400
| -16% | -$228K |
|
|
UBA
2062
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $1.52M | ﹤0.01% |
72,700
-2,400
| -3% | -$47.8K |
|
2063
Diodes
DIOD
$4.77B
| $1.52M | ﹤0.01% |
75,700
-200
| -0.3% | -$3.84K |
|
|
ICON
2064
DELISTED
Iconix Brand Group, Inc.
ICON
| $1.52M | ﹤0.01% |
18,880
+3,400
| +22% | +$246K |
|
|
SCLN
2065
DELISTED
Sciclone Pharmaceuticals Inc
SCLN
| $1.52M | ﹤0.01% |
138,100
-104,800
| -43% | -$932K |
|
|
SSI
2066
DELISTED
Stage Stores Inc
SSI
| $1.52M | ﹤0.01% |
188,300
+63,800
| +51% | +$513K |
|
2067
McGrath RentCorp
MGRC
$2.99B
| $1.51M | ﹤0.01% |
60,400
+700
| +1% | +$17.2K |
|
|
FNHC
2068
DELISTED
FedNat Holding Company Common Stock
FNHC
| $1.51M | ﹤0.01% |
77,000
-900
| -1% | -$21K |
|
2069
PetMed Express
PETS
$38.9M
| $1.51M | ﹤0.01% |
84,500
+9,600
| +13% | +$164K |
|
|
PPBI
2070
DELISTED
Pacific Premier Bancorp
PPBI
| $1.51M | ﹤0.01% |
70,560
+23,600
| +50% | +$482K |
|
|
RATE
2071
DELISTED
Bankrate Inc
RATE
| $1.51M | ﹤0.01% |
164,400
-10,000
| -6% | -$104K |
|
|
DX
2072
Dynex Capital
DX
$3.24B
| $1.5M | ﹤0.01% |
75,433
+18,966
| +34% | +$354K |
|
2073
Griffon
GFF
$4.72B
| $1.5M | ﹤0.01% |
97,027
+13,900
| +17% | +$210K |
|
|
FRGI
2074
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $1.5M | ﹤0.01% |
45,700
+300
| +0.7% | +$10.6K |
|
2075
Hackett Group
HCKT
$265M
| $1.5M | ﹤0.01% |
98,900
-17,200
| -15% | -$246K |
|
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.