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 |
Alphabet (Google) Class A
GOOGL
|
+$386M |
| 2 |
Amazon
AMZN
|
+$108M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$96.6M |
| 4 |
Unilever
UL
|
+$80.9M |
| 5 |
Alibaba
BABA
|
+$80.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$349M |
| 2 |
BCR
CR Bard Inc.
BCR
|
+$61.1M |
| 3 |
Apple
AAPL
|
+$37.1M |
| 4 |
LVLT
Level 3 Communications Inc
LVLT
|
+$32.4M |
| 5 |
BRCD
Brocade Communications Systems, Inc. NEW
BRCD
|
+$17.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.92% |
| 2 | Technology | 15.57% |
| 3 | Healthcare | 12.62% |
| 4 | Industrials | 10.77% |
| 5 | Consumer Discretionary | 10.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
576
Xerox
XRX
$425M
| $21.5M | 0.03% |
735,941
+21,569
| +3% | +$655K |
|
577
lululemon athletica
LULU
$14.6B
| $21.4M | 0.03% |
272,773
+55,891
| +26% | +$3.73M |
|
|
GRMN
578
Garmin
GRMN
$60B
| $21.2M | 0.03% |
356,379
+7,722
| +2% | +$453K |
|
579
Targa Resources
TRGP
$55.1B
| $21.2M | 0.03% |
437,255
+13,200
| +3% | +$590K |
|
580
Exelixis
EXEL
$13.4B
| $21.1M | 0.03% |
694,705
+31,166
| +5% | +$829K |
|
581
Jacobs Solutions
J
$17B
| $21M | 0.03% |
385,777
+18,660
| +5% | +$957K |
|
|
SNI
582
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $21M | 0.03% |
245,473
+11,478
| +5% | +$949K |
|
|
DISH
583
DELISTED
DISH Network Corp.
DISH
| $20.9M | 0.03% |
438,651
+15,978
| +4% | +$796K |
|
|
PBCT
584
DELISTED
People's United Financial Inc
PBCT
| $20.9M | 0.03% |
1,115,786
+32,675
| +3% | +$605K |
|
585
UGI
UGI
$7.33B
| $20.7M | 0.03% |
441,848
+13,009
| +3% | +$622K |
|
|
VER
586
DELISTED
VEREIT, Inc.
VER
| $20.7M | 0.03% |
531,685
+45,819
| +9% | +$1.84M |
|
587
Regency Centers
REG
$14.1B
| $20.6M | 0.03% |
298,358
+9,867
| +3% | +$652K |
|
588
Advanced Micro Devices
AMD
$789B
| $20.6M | 0.03% |
2,006,066
+483,537
| +32% | +$5.65M |
|
589
Acuity Brands
AYI
$10.8B
| $20.4M | 0.03% |
116,195
+5,278
| +5% | +$878K |
|
590
Alkermes
ALKS
$8.25B
| $20.4M | 0.03% |
373,146
+138,846
| +59% | +$7.09M |
|
591
Camden Property Trust
CPT
$11.3B
| $20.3M | 0.03% |
220,780
-503
| -0.2% | -$46.5K |
|
592
Hubbell
HUBB
$27.2B
| $20.3M | 0.03% |
150,181
-583
| -0.4% | -$72.7K |
|
|
CIT
593
DELISTED
CIT Group Inc.
CIT
| $20.2M | 0.03% |
410,472
-26,069
| -6% | -$1.26M |
|
594
Gaming and Leisure Properties
GLPI
$12.8B
| $20.1M | 0.03% |
544,202
+34,284
| +7% | +$1.25M |
|
595
Chemours
CC
$2.37B
| $20.1M | 0.03% |
400,785
-59,625
| -13% | -$3.12M |
|
596
Toro Company
TTC
$9.49B
| $20.1M | 0.03% |
307,548
-8,073
| -3% | -$512K |
|
597
Murphy Oil
MUR
$4.78B
| $19.9M | 0.03% |
641,920
-22,720
| -3% | -$633K |
|
598
Wolfspeed
WOLF
$1.71B
| $19.9M | 0.03% |
535,816
-103,336
| -16% | -$3.56M |
|
599
AerCap
AER
$23.8B
| $19.8M | 0.03% |
377,281
+19,937
| +6% | +$1.04M |
|
600
Qorvo
QRVO
$8.74B
| $19.8M | 0.03% |
297,832
+8,500
| +3% | +$620K |
|
Similar funds
California Public Employees Retirement System's Q4 2017 Portfolio in Review
As of Q4 2017, California Public Employees Retirement System held 3,413 positions worth $74B, up 9.9% from $67.3B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System deployed $2.61B of net new capital in Q4 2017, opening 69 new positions and adding to 1,867 existing holdings. Its largest new stake was Unilever: 1,276,444 shares worth $79.5M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Alphabet (Google) Class C, an estimated $349M trimmed.
- California Public Employees Retirement System's largest Q4 2017 buy was Unilever: 1,276,444 shares worth $79.5M.
- California Public Employees Retirement System added most to Alphabet (Google) Class A in Q4 2017, an estimated $386M increase.
- California Public Employees Retirement System's biggest Q4 2017 reduction was Alphabet (Google) Class C, cutting an estimated $349M.
- California Public Employees Retirement System fully exited CR Bard Inc. in Q4 2017, selling an estimated $61.1M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $74B portfolio in Q4 2017.
- California Public Employees Retirement System opened 69 new positions and closed 96 in Q4 2017.
- California Public Employees Retirement System's portfolio value rose 9.9% quarter-over-quarter to $74B.
Based on California Public Employees Retirement System's 13F filing for Q4 2017, filed 6 Feb 2018.