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 | 10.82% |
| 5 | Consumer Discretionary | 9.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Cencora
COR
$61.2B
| $38.4M | 0.06% |
434,300
-18,600
| -4% | -$1.63M |
|
302
Monster Beverage
MNST
$88.5B
| $38.2M | 0.06% |
1,656,000
-132,200
| -7% | -$2.95M |
|
|
MJN
303
DELISTED
Mead Johnson Nutrition Company
MJN
| $38.1M | 0.06% |
427,200
-16,200
| -4% | -$1.33M |
|
304
Ulta Beauty
ULTA
$24.3B
| $37.9M | 0.06% |
132,900
+6,700
| +5% | +$1.83M |
|
305
Agilent Technologies
A
$41.2B
| $37.9M | 0.06% |
716,200
+19,600
| +3% | +$989K |
|
306
Clorox
CLX
$12.7B
| $37.7M | 0.06% |
279,500
-16,400
| -6% | -$2.12M |
|
307
Skyworks Solutions
SWKS
$10.6B
| $37.5M | 0.06% |
383,100
-16,600
| -4% | -$1.52M |
|
308
Quest Diagnostics
DGX
$26.3B
| $37.4M | 0.06% |
381,220
-22,600
| -6% | -$2.15M |
|
309
Autodesk
ADSK
$52.6B
| $37M | 0.06% |
427,800
-15,900
| -4% | -$1.33M |
|
|
CXO
310
DELISTED
CONCHO RESOURCES INC.
CXO
| $37M | 0.06% |
288,200
-16,200
| -5% | -$2.18M |
|
311
Ameren
AEE
$30.1B
| $36.9M | 0.06% |
676,800
-9,100
| -1% | -$487K |
|
312
W.W. Grainger
GWW
$60.2B
| $36M | 0.06% |
154,528
-4,000
| -3% | -$985K |
|
313
T-Mobile US
TMUS
$190B
| $35.8M | 0.06% |
555,000
+14,600
| +3% | +$898K |
|
314
Unum
UNM
$14.3B
| $35.8M | 0.06% |
762,486
-32,300
| -4% | -$1.51M |
|
315
NetApp
NTAP
$37.2B
| $35.5M | 0.06% |
849,016
-28,500
| -3% | -$1.12M |
|
316
Check Point Software Technologies
CHKP
$13.1B
| $35.4M | 0.06% |
344,400
-15,300
| -4% | -$1.5M |
|
|
ETP
317
DELISTED
Energy Transfer Partners L.p.
ETP
| $35.2M | 0.06% |
962,754
-41,300
| -4% | -$1.54M |
|
318
Digital Realty Trust
DLR
$71.7B
| $35M | 0.06% |
329,400
-16,700
| -5% | -$1.76M |
|
|
XLNX
319
DELISTED
Xilinx Inc
XLNX
| $35M | 0.06% |
604,612
-21,300
| -3% | -$1.25M |
|
320
Molson Coors Class B
TAP
$8.09B
| $34.9M | 0.06% |
365,000
-13,000
| -3% | -$1.27M |
|
321
Healthpeak Properties
DOC
$14.8B
| $34.9M | 0.06% |
1,116,460
-31,200
| -3% | -$958K |
|
322
Celanese
CE
$4.82B
| $34.7M | 0.06% |
386,714
-6,200
| -2% | -$541K |
|
323
Henry Schein
HSIC
$9.82B
| $34.6M | 0.06% |
519,244
-30,600
| -6% | -$1.99M |
|
324
Loews
L
$23.6B
| $34.6M | 0.06% |
739,580
-41,700
| -5% | -$1.95M |
|
325
Host Hotels & Resorts
HST
$16B
| $34.5M | 0.06% |
1,850,419
-101,800
| -5% | -$1.86M |
|
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.