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 | |
|---|---|---|---|---|---|---|
401
Synopsys
SNPS
$79.7B
| $27.8M | 0.04% |
381,460
+9,000
| +2% | +$662K |
|
402
NVR
NVR
$17B
| $27.8M | 0.04% |
11,530
+500
| +5% | +$1.13M |
|
403
Markel Group
MKL
$23.2B
| $27.8M | 0.04% |
28,466
+1,400
| +5% | +$1.36M |
|
|
ETFC
404
DELISTED
E*Trade Financial Corporation
ETFC
| $27.7M | 0.04% |
729,030
-4,100
| -0.6% | -$145K |
|
405
Pinnacle West Capital
PNW
$12.2B
| $27.7M | 0.04% |
325,198
+7,300
| +2% | +$629K |
|
406
Domino's
DPZ
$11.6B
| $27.4M | 0.04% |
129,700
+2,400
| +2% | +$474K |
|
407
IQVIA
IQV
$39.3B
| $27.4M | 0.04% |
306,423
+9,900
| +3% | +$836K |
|
408
Expeditors International
EXPD
$23.2B
| $27.3M | 0.04% |
483,450
-3,400
| -0.7% | -$187K |
|
409
Xylem
XYL
$28.1B
| $27.3M | 0.04% |
492,500
-544,300
| -52% | -$28.3M |
|
410
Lennox International
LII
$15.2B
| $27.2M | 0.04% |
148,000
+3,600
| +2% | +$628K |
|
411
Cincinnati Financial
CINF
$27.1B
| $27.1M | 0.04% |
374,172
+700
| +0.2% | +$49.7K |
|
412
McCormick & Company Non-Voting
MKC
$14.2B
| $27.1M | 0.04% |
555,600
+9,600
| +2% | +$486K |
|
|
MRO
413
DELISTED
Marathon Oil Corporation
MRO
| $27M | 0.04% |
2,280,535
-225,700
| -9% | -$3.16M |
|
414
CarMax
KMX
$8.26B
| $26.9M | 0.04% |
427,200
+9,100
| +2% | +$550K |
|
415
Bunge Global
BG
$20.8B
| $26.9M | 0.04% |
361,022
-24,000
| -6% | -$1.83M |
|
416
Fastenal
FAST
$59.5B
| $26.8M | 0.04% |
2,466,000
+117,600
| +5% | +$1.32M |
|
417
Iron Mountain
IRM
$36.1B
| $26.7M | 0.04% |
776,874
-31,400
| -4% | -$1.1M |
|
418
Harley-Davidson
HOG
$2.71B
| $26.6M | 0.04% |
492,383
+3,500
| +0.7% | +$195K |
|
|
TIF
419
DELISTED
Tiffany & Co.
TIF
| $26.6M | 0.04% |
283,300
+16,100
| +6% | +$1.48M |
|
420
Centene
CNC
$32.5B
| $26.5M | 0.04% |
664,318
+17,000
| +3% | +$642K |
|
|
HOLX
421
DELISTED
Hologic
HOLX
| $26.5M | 0.04% |
584,100
+22,300
| +4% | +$984K |
|
422
Universal Health Services
UHS
$10.5B
| $26.5M | 0.04% |
216,954
-3,900
| -2% | -$464K |
|
|
NLSN
423
DELISTED
Nielsen Holdings plc
NLSN
| $26.4M | 0.04% |
682,400
+21,500
| +3% | +$854K |
|
424
Brown-Forman Class B
BF.B
$13.1B
| $26.3M | 0.04% |
846,819
+4,375
| +0.5% | +$137K |
|
|
IPG
425
DELISTED
Interpublic Group of Companies
IPG
| $26.3M | 0.04% |
1,070,474
-4,600
| -0.4% | -$112K |
|
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.