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 | |
|---|---|---|---|---|---|---|
451
Hilton Worldwide
HLT
$71.5B
| $24.5M | 0.04% |
396,158
+87,500
| +28% | +$5.45M |
|
452
Darden Restaurants
DRI
$24.4B
| $24.2M | 0.04% |
267,900
+2,500
| +0.9% | +$218K |
|
|
WCG
453
DELISTED
Wellcare Health Plans, Inc.
WCG
| $24.1M | 0.04% |
134,446
-1,400
| -1% | -$232K |
|
454
Dell
DELL
$293B
| $24.1M | 0.04% |
1,402,776
+30,288
| +2% | +$555K |
|
|
NBL
455
DELISTED
Noble Energy, Inc.
NBL
| $24M | 0.04% |
849,784
-6,000
| -0.7% | -$187K |
|
456
3D Systems Corp
DDD
$613M
| $24M | 0.04% |
1,281,200
+27,800
| +2% | +$526K |
|
457
The Mosaic Company
MOS
$7.33B
| $23.9M | 0.04% |
1,048,589
-32,800
| -3% | -$805K |
|
|
Y
458
DELISTED
Alleghany Corp
Y
| $23.9M | 0.04% |
40,100
-2,200
| -5% | -$1.31M |
|
459
Alliant Energy
LNT
$18B
| $23.7M | 0.04% |
590,708
-200
| -0% | -$8.09K |
|
460
CBRE Group
CBRE
$42.9B
| $23.7M | 0.04% |
651,300
+15,100
| +2% | +$525K |
|
|
SPLS
461
DELISTED
Staples Inc
SPLS
| $23.6M | 0.04% |
2,343,466
-191,300
| -8% | -$1.79M |
|
|
SIVB
462
DELISTED
SVB Financial Group
SIVB
| $23.5M | 0.04% |
133,900
-3,600
| -3% | -$645K |
|
|
SEE
463
DELISTED
Sealed Air
SEE
| $23.5M | 0.04% |
525,700
+19,500
| +4% | +$860K |
|
464
Corpay
CPAY
$25.7B
| $23.5M | 0.04% |
162,800
+4,800
| +3% | +$685K |
|
|
OKS
465
DELISTED
Oneok Partners LP
OKS
| $23.4M | 0.04% |
458,600
+4,000
| +0.9% | +$203K |
|
466
Fidelity National Financial
FNF
$13.5B
| $23.4M | 0.04% |
751,169
+28,232
| +4% | +$813K |
|
467
Autoliv
ALV
$9B
| $23.3M | 0.04% |
294,435
+4,858
| +2% | +$368K |
|
|
AMTD
468
DELISTED
TD Ameritrade Holding Corp
AMTD
| $23.3M | 0.04% |
540,900
+32,900
| +6% | +$1.28M |
|
469
SS&C Technologies
SSNC
$18.6B
| $23.2M | 0.04% |
604,000
+12,200
| +2% | +$455K |
|
470
UDR
UDR
$12.3B
| $23.2M | 0.04% |
595,082
+18,000
| +3% | +$685K |
|
|
TSS
471
DELISTED
Total System Services, Inc.
TSS
| $23.2M | 0.04% |
397,900
+12,100
| +3% | +$692K |
|
472
ResMed
RMD
$30.7B
| $23M | 0.04% |
295,700
-8,300
| -3% | -$594K |
|
473
East-West Bancorp
EWBC
$18B
| $22.8M | 0.04% |
389,500
-4,700
| -1% | -$259K |
|
474
International Flavors & Fragrances
IFF
$21.9B
| $22.8M | 0.04% |
168,700
+3,800
| +2% | +$515K |
|
475
SL Green Realty
SLG
$3.99B
| $22.7M | 0.04% |
221,344
+2,995
| +1% | +$305K |
|
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.