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 | |
|---|---|---|---|---|---|---|
2226
Artisan Partners
APAM
$3B
| $1.17M | ﹤0.01% |
38,000
-2,400
| -6% | -$70.1K |
|
|
STON
2227
DELISTED
StoneMor Inc.
STON
| $1.17M | ﹤0.01% |
48,000
-12,000
| -20% | -$317K |
|
|
OCLR
2228
DELISTED
Oclaro Inc.
OCLR
| $1.17M | ﹤0.01% |
216,724
+77,200
| +55% | +$326K |
|
|
TESO
2229
DELISTED
Tesco Corp
TESO
| $1.17M | ﹤0.01% |
135,700
+42,900
| +46% | +$302K |
|
2230
Taylor Devices
TAYD
$174M
| $1.17M | ﹤0.01% |
79,856
| – | – |
|
|
MSFG
2231
DELISTED
MainSource Financial Group Inc
MSFG
| $1.17M | ﹤0.01% |
55,300
+2,600
| +5% | +$54.2K |
|
|
CBPX
2232
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $1.16M | ﹤0.01% |
62,600
+25,500
| +69% | +$414K |
|
2233
Rayonier Advanced Materials
RYAM
$566M
| $1.16M | ﹤0.01% |
122,200
+25,900
| +27% | +$204K |
|
|
CNCE
2234
DELISTED
Concert Pharmaceuticals, Inc.
CNCE
| $1.16M | ﹤0.01% |
85,000
-18,700
| -18% | -$269K |
|
|
CTCM
2235
DELISTED
CTC MEDIA INC COM STK
CTCM
| $1.16M | ﹤0.01% |
590,900
+92,800
| +19% | +$176K |
|
2236
Waterstone Financial
WSBF
$385M
| $1.16M | ﹤0.01% |
84,600
-16,100
| -16% | -$221K |
|
|
SREV
2237
DELISTED
ServiceSource International, Inc.
SREV
| $1.15M | ﹤0.01% |
270,800
-16,400
| -6% | -$66.3K |
|
2238
LSB Industries
LXU
$744M
| $1.15M | ﹤0.01% |
117,390
+74,880
| +176% | +$434K |
|
|
ACAS
2239
DELISTED
American Capital Ltd
ACAS
| $1.15M | ﹤0.01% |
75,500
| – | – |
|
|
RSE
2240
DELISTED
ROUSE PPTYS INC COM (DE)
RSE
| $1.15M | ﹤0.01% |
62,585
-2,400
| -4% | -$41.4K |
|
2241
HCI Group
HCI
$2.3B
| $1.15M | ﹤0.01% |
34,500
+300
| +0.9% | +$9.77K |
|
2242
CRA International
CRAI
$1.06B
| $1.15M | ﹤0.01% |
58,400
+11,500
| +25% | +$217K |
|
|
FGL
2243
DELISTED
Fidelity & Guaranty Life
FGL
| $1.15M | ﹤0.01% |
43,700
+6,000
| +16% | +$152K |
|
2244
Materion
MTRN
$5.9B
| $1.14M | ﹤0.01% |
43,200
-8,900
| -17% | -$222K |
|
2245
Independence Realty Trust
IRT
$4.01B
| $1.14M | ﹤0.01% |
160,437
| – | – |
|
2246
Comstock Resources
CRK
$4.12B
| $1.14M | ﹤0.01% |
297,311
+86,980
| +41% | +$487K |
|
2247
DXP Enterprises
DXPE
$3.09B
| $1.14M | ﹤0.01% |
64,800
+12,700
| +24% | +$208K |
|
|
SPPI
2248
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $1.14M | ﹤0.01% |
179,000
-10,800
| -6% | -$55.4K |
|
2249
Ennis
EBF
$559M
| $1.14M | ﹤0.01% |
58,100
-22,300
| -28% | -$434K |
|
2250
Builders FirstSource
BLDR
$7.79B
| $1.14M | ﹤0.01% |
100,700
-6,200
| -6% | -$53.7K |
|
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.