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 | |
|---|---|---|---|---|---|---|
351
Trip.com Group
TCOM
$29.1B
| $31.6M | 0.05% |
642,700
+65,400
| +11% | +$3M |
|
|
FRC
352
DELISTED
First Republic Bank
FRC
| $31.6M | 0.05% |
336,400
+9,000
| +3% | +$847K |
|
353
The Mosaic Company
MOS
$7.33B
| $31.6M | 0.05% |
1,081,389
-37,900
| -3% | -$1.17M |
|
354
Travel + Leisure Co
TNL
$4.7B
| $31.5M | 0.05% |
826,490
-13,954
| -2% | -$512K |
|
|
XL
355
DELISTED
XL Group Ltd.
XL
| $31.4M | 0.05% |
787,100
-20,400
| -3% | -$800K |
|
356
CMS Energy
CMS
$22.3B
| $31.1M | 0.05% |
695,647
-24,500
| -3% | -$1.06M |
|
357
Chemours
CC
$2.37B
| $31.1M | 0.05% |
808,253
-459,600
| -36% | -$13.8M |
|
358
Blackstone
BX
$110B
| $31.1M | 0.05% |
1,046,200
-45,400
| -4% | -$1.37M |
|
359
L3Harris
LHX
$53.4B
| $30.9M | 0.05% |
277,561
-12,200
| -4% | -$1.3M |
|
|
MXIM
360
DELISTED
Maxim Integrated Products
MXIM
| $30.7M | 0.05% |
683,500
+13,300
| +2% | +$583K |
|
361
Bunge Global
BG
$20.8B
| $30.5M | 0.05% |
385,022
-6,100
| -2% | -$457K |
|
362
Kohl's
KSS
$2.19B
| $30.4M | 0.05% |
764,594
+157,900
| +26% | +$6.45M |
|
363
Expedia Group
EXPE
$37.3B
| $30.4M | 0.05% |
240,784
-9,000
| -4% | -$1.1M |
|
364
Royal Caribbean
RCL
$85.6B
| $30.4M | 0.05% |
309,500
-28,400
| -8% | -$2.66M |
|
365
Everest Group
EG
$14.4B
| $30.4M | 0.05% |
129,846
-3,500
| -3% | -$799K |
|
366
Essex Property Trust
ESS
$18.5B
| $30.2M | 0.05% |
130,634
-5,000
| -4% | -$1.15M |
|
367
Fastenal
FAST
$59.5B
| $30.2M | 0.05% |
2,348,400
-45,200
| -2% | -$566K |
|
368
Realty Income
O
$59.1B
| $30.2M | 0.05% |
523,987
-39,628
| -7% | -$2.3M |
|
369
Dentsply Sirona
XRAY
$2.43B
| $29.9M | 0.05% |
478,598
-19,700
| -4% | -$1.19M |
|
370
Church & Dwight Co
CHD
$24.5B
| $29.9M | 0.05% |
598,600
-33,600
| -5% | -$1.61M |
|
|
CTXS
371
DELISTED
Citrix Systems Inc
CTXS
| $29.8M | 0.05% |
357,000
-119,702
| -25% | -$9.33M |
|
372
Waters Corp
WAT
$39.9B
| $29.8M | 0.05% |
190,400
-1,900
| -1% | -$284K |
|
|
COL
373
DELISTED
Rockwell Collins
COL
| $29.7M | 0.05% |
306,078
-13,800
| -4% | -$1.3M |
|
374
Harley-Davidson
HOG
$2.71B
| $29.6M | 0.05% |
488,883
-2,200
| -0.4% | -$129K |
|
375
Western Union
WU
$2.21B
| $29.5M | 0.05% |
1,451,357
-31,500
| -2% | -$643K |
|
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.