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 | |
|---|---|---|---|---|---|---|
|
WRK
376
DELISTED
WestRock Company
WRK
| $29.9M | 0.05% |
527,954
+12,400
| +2% | +$672K |
|
377
L3Harris
LHX
$53.2B
| $29.9M | 0.05% |
273,761
-3,800
| -1% | -$418K |
|
378
Church & Dwight Co
CHD
$24.3B
| $29.7M | 0.05% |
573,200
-25,400
| -4% | -$1.3M |
|
379
BioMarin Pharmaceuticals
BMRN
$12.2B
| $29.7M | 0.05% |
327,400
+7,100
| +2% | +$646K |
|
380
Bath & Body Works
BBWI
$4.1B
| $29.5M | 0.05% |
677,258
+8,165
| +1% | +$335K |
|
381
Voya Financial
VOYA
$9.16B
| $29.4M | 0.05% |
795,700
-68,200
| -8% | -$2.48M |
|
|
CA
382
DELISTED
CA, Inc.
CA
| $29.2M | 0.05% |
847,372
-22,700
| -3% | -$734K |
|
383
Cintas
CTAS
$81.2B
| $29.1M | 0.05% |
923,640
+2,400
| +0.3% | +$74.7K |
|
384
Hasbro
HAS
$13.1B
| $29.1M | 0.05% |
260,534
-10,200
| -4% | -$1.05M |
|
385
Ametek
AME
$57.8B
| $29M | 0.05% |
478,100
+20,600
| +5% | +$1.21M |
|
386
Kohl's
KSS
$2.15B
| $28.9M | 0.05% |
747,494
-17,100
| -2% | -$655K |
|
|
TWTR
387
DELISTED
Twitter, Inc.
TWTR
| $28.9M | 0.05% |
1,617,400
+97,800
| +6% | +$1.67M |
|
388
W.W. Grainger
GWW
$60.5B
| $28.9M | 0.05% |
160,028
+5,500
| +4% | +$1.04M |
|
389
Pentair
PNR
$11.2B
| $28.9M | 0.05% |
646,226
-149
| -0% | -$6.51K |
|
|
QVCGA
390
DELISTED
QVC Group Inc Series A
QVCGA
| $28.9M | 0.05% |
24,233
-175
| -0.7% | -$194K |
|
391
Eastman Chemical
EMN
$8.46B
| $28.8M | 0.05% |
342,856
+5,500
| +2% | +$443K |
|
392
Textron
TXT
$15.2B
| $28.8M | 0.05% |
610,900
+5,800
| +1% | +$273K |
|
393
Realty Income
O
$59.4B
| $28.4M | 0.05% |
531,520
+7,533
| +1% | +$417K |
|
|
LLL
394
DELISTED
L3 Technologies, Inc.
LLL
| $28.4M | 0.05% |
169,900
-7,900
| -4% | -$1.32M |
|
395
Gartner
IT
$11.9B
| $28.4M | 0.05% |
229,825
+20,225
| +10% | +$2.35M |
|
396
Globe Life
GL
$14.2B
| $28.3M | 0.05% |
370,534
-2,800
| -0.7% | -$213K |
|
|
GGP
397
DELISTED
GGP Inc.
GGP
| $28.3M | 0.05% |
1,202,662
+22,500
| +2% | +$518K |
|
398
Arch Capital
ACGL
$33.7B
| $28.1M | 0.04% |
902,400
+33,300
| +4% | +$1.06M |
|
399
Masco
MAS
$15.1B
| $28M | 0.04% |
732,600
+11,000
| +2% | +$402K |
|
400
Western Union
WU
$2.21B
| $27.9M | 0.04% |
1,466,857
+15,500
| +1% | +$300K |
|
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.