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 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$71.8M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$60.7M |
| 3 |
DXC Technology
DXC
|
+$49.4M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$46.6M |
| 5 |
Amazon
AMZN
|
+$46.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$170M |
| 2 |
Zoetis
ZTS
|
+$71.8M |
| 3 |
Yum! Brands
YUM
|
+$65.1M |
| 4 |
Wells Fargo
WFC
|
+$47.6M |
| 5 |
Zimmer Biomet
ZBH
|
+$42.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.91% |
| 2 | Technology | 15.08% |
| 3 | Healthcare | 13.24% |
| 4 | Industrials | 10.88% |
| 5 | Consumer Discretionary | 10.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
Willis Towers Watson
WTW
$31.6B
| $38.3M | 0.06% |
263,227
+4,300
| +2% | +$601K |
|
302
Ulta Beauty
ULTA
$23.2B
| $38.3M | 0.06% |
133,200
+300
| +0.2% | +$87.6K |
|
303
Travel + Leisure Co
TNL
$4.74B
| $38.2M | 0.06% |
843,545
+17,055
| +2% | +$740K |
|
304
Hershey
HSY
$36.8B
| $38.2M | 0.06% |
355,854
+1,700
| +0.5% | +$188K |
|
305
NOV
NOV
$7.09B
| $38.1M | 0.06% |
1,157,282
-37,200
| -3% | -$1.28M |
|
|
ANDV
306
DELISTED
Andeavor
ANDV
| $37.8M | 0.06% |
404,061
+97,309
| +32% | +$8.21M |
|
307
Celanese
CE
$4.82B
| $37.8M | 0.06% |
397,914
+11,200
| +3% | +$998K |
|
308
Digital Realty Trust
DLR
$71.3B
| $37.7M | 0.06% |
333,900
+4,500
| +1% | +$515K |
|
309
KLA
KLAC
$252B
| $37.6M | 0.06% |
4,111,380
+54,000
| +1% | +$539K |
|
310
Vornado Realty Trust
VNO
$7.27B
| $37.5M | 0.06% |
493,455
+7,793
| +2% | +$604K |
|
311
CenterPoint Energy
CNP
$26.8B
| $37.3M | 0.06% |
1,363,437
-32,900
| -2% | -$923K |
|
312
Dollar Tree
DLTR
$24.9B
| $37.3M | 0.06% |
532,780
+12,500
| +2% | +$965K |
|
313
Global Payments
GPN
$23.2B
| $37.1M | 0.06% |
411,026
+9,400
| +2% | +$813K |
|
|
RHT
314
DELISTED
Red Hat Inc
RHT
| $36.9M | 0.06% |
385,700
+18,200
| +5% | +$1.62M |
|
315
Cencora
COR
$62B
| $36.9M | 0.06% |
389,900
-44,400
| -10% | -$3.95M |
|
316
Annaly Capital Management
NLY
$17.1B
| $36.8M | 0.06% |
763,726
+21,025
| +3% | +$992K |
|
317
AutoZone
AZO
$50.1B
| $36.7M | 0.06% |
64,273
+700
| +1% | +$456K |
|
318
Trip.com Group
TCOM
$29.1B
| $36.6M | 0.06% |
679,200
+36,500
| +6% | +$1.94M |
|
319
Ameren
AEE
$30B
| $36.4M | 0.06% |
666,600
-10,200
| -2% | -$566K |
|
|
XL
320
DELISTED
XL Group Ltd.
XL
| $36.4M | 0.06% |
830,200
+43,100
| +5% | +$1.82M |
|
|
CMA
321
DELISTED
Comerica
CMA
| $36M | 0.06% |
491,164
+14,400
| +3% | +$1.01M |
|
322
Royal Caribbean
RCL
$85.7B
| $36M | 0.06% |
329,200
+19,700
| +6% | +$2.09M |
|
323
Waters Corp
WAT
$39.2B
| $35.9M | 0.06% |
195,100
+4,700
| +2% | +$817K |
|
324
Healthpeak Properties
DOC
$14.5B
| $35.8M | 0.06% |
1,120,560
+4,100
| +0.4% | +$130K |
|
325
Essex Property Trust
ESS
$18.3B
| $35.7M | 0.06% |
138,934
+8,300
| +6% | +$2.09M |
|
Similar funds
California Public Employees Retirement System's Q2 2017 Portfolio in Review
As of Q2 2017, California Public Employees Retirement System held 3,462 positions worth $62.5B, up 1.9% from $61.3B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q2 2017: portfolio turnover was 4%. California Public Employees Retirement System opened 57 new positions and exited 83, leaving the 3,462-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 Q2 2017 buy was DXC Technology: 744,634 shares worth $49.4M.
- California Public Employees Retirement System added most to Athene Holding Ltd. Class A Common Shares in Q2 2017, an estimated $71.8M increase.
- California Public Employees Retirement System's biggest Q2 2017 reduction was Zoetis, cutting an estimated $71.8M.
- California Public Employees Retirement System fully exited Yahoo Inc in Q2 2017, selling an estimated $170M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $62.5B portfolio in Q2 2017.
- California Public Employees Retirement System opened 57 new positions and closed 83 in Q2 2017.
- California Public Employees Retirement System's portfolio value rose 1.9% quarter-over-quarter to $62.5B.
Based on California Public Employees Retirement System's 13F filing for Q2 2017, filed 11 Aug 2017.