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 | |
|---|---|---|---|---|---|---|
2601
Beazer Homes USA
BZH
$874M
| $644K | ﹤0.01% |
73,900
+49,200
| +199% | +$409K |
|
|
XLRN
2602
DELISTED
Acceleron Pharma
XLRN
| $644K | ﹤0.01% |
24,400
-1,500
| -6% | -$43.6K |
|
2603
OceanFirst Financial
OCFC
$1.84B
| $643K | ﹤0.01% |
36,353
+700
| +2% | +$12.3K |
|
2604
Western Midstream Partners
WES
$19.9B
| $642K | ﹤0.01% |
18,000
| – | – |
|
|
ANCX
2605
DELISTED
Access National Corp
ANCX
| $642K | ﹤0.01% |
32,400
| – | – |
|
|
RXII
2606
DELISTED
GALENA BIOPHARMA INC COM
RXII
| $641K | ﹤0.01% |
471,657
| – | – |
|
2607
Quantum Corp
QMCO
$765M
| $639K | ﹤0.01% |
6,549
+4,678
| +250% | +$450K |
|
2608
Graham Corp
GHM
$1.28B
| $637K | ﹤0.01% |
32,000
| – | – |
|
|
OCSI
2609
DELISTED
Oaktree Strategic Income Corporation
OCSI
| $634K | ﹤0.01% |
80,000
| – | – |
|
2610
BancFirst
BANF
$3.82B
| $633K | ﹤0.01% |
22,200
+7,800
| +54% | +$219K |
|
2611
STRATTEC Security
STRT
$349M
| $631K | ﹤0.01% |
11,000
-800
| -7% | -$41.9K |
|
|
CHUY
2612
DELISTED
Chuy's Holdings, Inc. Common Stock
CHUY
| $631K | ﹤0.01% |
20,300
+10,200
| +101% | +$330K |
|
|
LF
2613
DELISTED
LEAPFROG ENTERPRISES INC.
LF
| $629K | ﹤0.01% |
632,000
+75,400
| +14% | +$63.8K |
|
2614
Rocky Brands
RCKY
$355M
| $628K | ﹤0.01% |
49,297
| – | – |
|
|
KNDI
2615
Kandi Technologies Group
KNDI
$63.2M
| $626K | ﹤0.01% |
86,900
-5,300
| -6% | -$41.2K |
|
2616
York Water
YORW
$527M
| $626K | ﹤0.01% |
20,500
+11,400
| +125% | +$313K |
|
2617
Orion
OEC
$377M
| $624K | ﹤0.01% |
44,200
+6,800
| +18% | +$85.5K |
|
|
I
2618
DELISTED
INTELSAT S. A.
I
| $624K | ﹤0.01% |
247,600
+87,200
| +54% | +$246K |
|
|
CCRN
2619
DELISTED
Cross Country Healthcare
CCRN
| $623K | ﹤0.01% |
53,600
-77,100
| -59% | -$980K |
|
2620
Greif Class B
GEF.B
$4.23B
| $622K | ﹤0.01% |
13,300
+4,700
| +55% | +$182K |
|
|
XBKS
2621
DELISTED
Xenith Bankshares, Inc. Common Stock
XBKS
| $621K | ﹤0.01% |
35,110
-2,120
| -6% | -$36.9K |
|
2622
Ceco Environmental
CECO
$4.32B
| $618K | ﹤0.01% |
99,505
-5,500
| -5% | -$37.3K |
|
2623
S&T Bancorp
STBA
$1.81B
| $616K | ﹤0.01% |
23,900
-3,900
| -14% | -$102K |
|
|
CBK
2624
DELISTED
Christopher & Banks Corporation
CBK
| $616K | ﹤0.01% |
257,900
+78,900
| +44% | +$141K |
|
|
EXAR
2625
DELISTED
Exar Corporation
EXAR
| $615K | ﹤0.01% |
106,900
-6,500
| -6% | -$35.1K |
|
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.