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 |
YHOO
Yahoo Inc
YHOO
|
+$88.6M |
| 2 |
Zoetis
ZTS
|
+$66M |
| 3 |
Yum! Brands
YUM
|
+$54.5M |
| 4 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$45.5M |
| 5 |
Zimmer Biomet
ZBH
|
+$42.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apollo Global Management
APO
|
+$111M |
| 2 |
SE
Spectra Energy Corp Wi
SE
|
+$57.7M |
| 3 |
Apple
AAPL
|
+$56.7M |
| 4 |
STJ
St Jude Medical
STJ
|
+$53.3M |
| 5 |
Microsoft
MSFT
|
+$50.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.67% |
| 2 | Technology | 15.02% |
| 3 | Healthcare | 12.8% |
| 4 | Industrials | 10.81% |
| 5 | Consumer Discretionary | 9.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2526
Greenlight Captial
GLRE
$501M
| $665K | ﹤0.01% |
30,100
-1,300
| -4% | -$29.4K |
|
2527
AtriCure
ATRC
$2.12B
| $663K | ﹤0.01% |
34,600
-5,900
| -15% | -$103K |
|
|
ECYT
2528
DELISTED
Endocyte, Inc. Common Stock
ECYT
| $663K | ﹤0.01% |
258,100
-5,400
| -2% | -$12.5K |
|
|
WAC
2529
DELISTED
Walter Investment Mgt Corp
WAC
| $663K | ﹤0.01% |
613,800
+10,800
| +2% | +$33.3K |
|
|
AMNB
2530
DELISTED
American National Bankshares Inc
AMNB
| $663K | ﹤0.01% |
17,800
+2,800
| +19% | +$101K |
|
2531
Consolidated Water Co
CWCO
$484M
| $662K | ﹤0.01% |
56,800
| – | – |
|
2532
Vera Bradley
VRA
$96.4M
| $662K | ﹤0.01% |
71,100
+27,500
| +63% | +$289K |
|
2533
LivePerson
LPSN
$31.2M
| $656K | ﹤0.01% |
6,380
-887
| -12% | -$94.8K |
|
2534
Tootsie Roll Industries
TR
$2.97B
| $653K | ﹤0.01% |
22,813
-1,588
| -7% | -$45.6K |
|
2535
Celldex Therapeutics
CLDX
$3.37B
| $651K | ﹤0.01% |
12,027
-520
| -4% | -$27.1K |
|
|
GOOD
2536
Gladstone Commercial Corp
GOOD
$618M
| $651K | ﹤0.01% |
31,500
+300
| +1% | +$6K |
|
2537
Plug Power
PLUG
$2.94B
| $651K | ﹤0.01% |
471,400
| – | – |
|
|
ACRE
2538
Ares Commercial Real Estate
ACRE
$256M
| $650K | ﹤0.01% |
48,600
+24,200
| +99% | +$326K |
|
|
GNMK
2539
DELISTED
GenMark Diagnostics, Inc
GNMK
| $650K | ﹤0.01% |
50,700
-2,200
| -4% | -$26.5K |
|
2540
American Vanguard Corp
AVD
$65.5M
| $649K | ﹤0.01% |
39,100
-1,700
| -4% | -$28.3K |
|
2541
Saga Communications
SGA
$61.4M
| $648K | ﹤0.01% |
12,700
| – | – |
|
2542
Fuel Tech
FTEK
$43.1M
| $644K | ﹤0.01% |
631,820
| – | – |
|
|
BBBY
2543
Bed Bath & Beyond
BBBY
$423M
| $642K | ﹤0.01% |
49,646
-3,727
| -7% | -$48.6K |
|
|
GOGL
2544
DELISTED
Golden Ocean Group
GOGL
| $640K | ﹤0.01% |
83,720
-3,600
| -4% | -$22.5K |
|
|
VNET
2545
VNET Group
VNET
$2.13B
| $639K | ﹤0.01% |
116,400
-5,100
| -4% | -$34.6K |
|
2546
Dime Commercial Bancshares
DCOM
$1.77B
| $637K | ﹤0.01% |
18,204
| – | – |
|
|
IXYS
2547
DELISTED
IXYS Corp
IXYS
| $637K | ﹤0.01% |
43,800
-1,900
| -4% | -$24.2K |
|
2548
Alto Ingredients
ALTO
$328M
| $633K | ﹤0.01% |
92,394
| – | – |
|
2549
Southern Missouri Bancorp
SMBC
$842M
| $632K | ﹤0.01% |
17,790
| – | – |
|
2550
Stewart Information Services
STC
$2.01B
| $632K | ﹤0.01% |
14,300
-2,900
| -17% | -$128K |
|
Similar funds
California Public Employees Retirement System's Q1 2017 Portfolio in Review
As of Q1 2017, California Public Employees Retirement System held 3,495 positions worth $61.3B, up 2.8% from $59.6B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q1 2017: portfolio turnover was 4.3%. California Public Employees Retirement System opened 60 new positions and exited 90, leaving the 3,495-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System's largest Q1 2017 buy was Athene Holding Ltd. Class A Common Shares: 917,964 shares worth $45.7M.
- California Public Employees Retirement System added most to Yahoo Inc in Q1 2017, an estimated $88.6M increase.
- California Public Employees Retirement System's biggest Q1 2017 reduction was Apollo Global Management, cutting an estimated $111M.
- California Public Employees Retirement System fully exited Spectra Energy Corp Wi in Q1 2017, selling an estimated $57.7M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $61.3B portfolio in Q1 2017.
- California Public Employees Retirement System opened 60 new positions and closed 90 in Q1 2017.
- California Public Employees Retirement System's portfolio value rose 2.8% quarter-over-quarter to $61.3B.
Based on California Public Employees Retirement System's 13F filing for Q1 2017, filed 11 May 2017.