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 | 15.29% |
| 2 | Technology | 14.48% |
| 3 | Healthcare | 13.34% |
| 4 | Industrials | 10.9% |
| 5 | Consumer Discretionary | 9.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
APTS
2526
DELISTED
Preferred Apartment Communities, Inc.
APTS
| $732K | ﹤0.01% |
57,700
| – | – |
|
|
FMSA
2527
DELISTED
Fairmount Santrol Holdings Inc.
FMSA
| $732K | ﹤0.01% |
291,700
+119,800
| +70% | +$256K |
|
|
PSXP
2528
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
| $732K | ﹤0.01% |
11,700
+6,600
| +129% | +$384K |
|
|
HIL
2529
DELISTED
Hill International, Inc. Common Stock
HIL
| $730K | ﹤0.01% |
216,700
+17,600
| +9% | +$57.3K |
|
|
BMTC
2530
DELISTED
Bryn Mawr Bank Corp
BMTC
| $728K | ﹤0.01% |
28,300
-400
| -1% | -$10.4K |
|
2531
Titan Machinery
TITN
$443M
| $726K | ﹤0.01% |
62,800
+25,100
| +67% | +$247K |
|
2532
Star Bulk Carriers
SBLK
$3.07B
| $722K | ﹤0.01% |
192,500
-11,580
| -6% | -$32.3K |
|
2533
TriNet
TNET
$2.98B
| $722K | ﹤0.01% |
50,300
-1,800
| -3% | -$25.5K |
|
2534
Tootsie Roll Industries
TR
$2.93B
| $722K | ﹤0.01% |
27,763
+1,601
| +6% | +$37.9K |
|
|
MCBC
2535
DELISTED
Macatawa Bank Corp
MCBC
| $722K | ﹤0.01% |
115,552
| – | – |
|
|
PWOD
2536
DELISTED
Penns Woods Bancorp
PWOD
| $721K | ﹤0.01% |
28,062
+2,250
| +9% | +$58.6K |
|
|
AMRN
2537
Amarin Corp
AMRN
$294M
| $720K | ﹤0.01% |
23,525
| – | – |
|
|
MXWL
2538
DELISTED
Maxwell Technologies Inc
MXWL
| $719K | ﹤0.01% |
121,100
| – | – |
|
2539
Protolabs
PRLB
$2.2B
| $717K | ﹤0.01% |
9,300
+6,000
| +182% | +$387K |
|
|
MBVT
2540
DELISTED
Merchants Bancshares Inc
MBVT
| $717K | ﹤0.01% |
24,100
| – | – |
|
2541
AtriCure
ATRC
$2.15B
| $715K | ﹤0.01% |
42,500
| – | – |
|
|
RPXC
2542
DELISTED
RPX Corporation
RPXC
| $713K | ﹤0.01% |
63,300
+5,900
| +10% | +$62.7K |
|
2543
Ducommun
DCO
$3.03B
| $709K | ﹤0.01% |
46,500
+10,100
| +28% | +$146K |
|
2544
Manchester United
MANU
$3.79B
| $705K | ﹤0.01% |
48,800
-3,000
| -6% | -$44.4K |
|
|
PERY
2545
DELISTED
Perry Ellis International Inc
PERY
| $705K | ﹤0.01% |
38,300
-4,700
| -11% | -$85.8K |
|
|
MFLX
2546
DELISTED
MULTI-FINELINE ELECTRONIX INC
MFLX
| $703K | ﹤0.01% |
30,300
-5,300
| -15% | -$106K |
|
2547
Regional Management Corp
RM
$296M
| $702K | ﹤0.01% |
41,000
+6,300
| +18% | +$92.1K |
|
|
SHOR
2548
DELISTED
ShoreTel, Inc.
SHOR
| $702K | ﹤0.01% |
94,400
+6,000
| +7% | +$45.8K |
|
|
FONR
2549
DELISTED
Fonar
FONR
| $701K | ﹤0.01% |
45,575
| – | – |
|
2550
Unitil
UTL
$984M
| $701K | ﹤0.01% |
16,500
+6,900
| +72% | +$269K |
|
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 16% 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.