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 | |
|---|---|---|---|---|---|---|
651
Teradyne
TER
$59.3B
| $15.1M | 0.02% |
484,800
-17,100
| -3% | -$489K |
|
652
Nordson
NDSN
$17.3B
| $15M | 0.02% |
122,400
-11,200
| -8% | -$1.33M |
|
653
Allegion
ALLE
$14.4B
| $15M | 0.02% |
198,500
+8,400
| +4% | +$593K |
|
654
AGCO
AGCO
$7.2B
| $15M | 0.02% |
248,963
-13,400
| -5% | -$825K |
|
655
Gaming and Leisure Properties
GLPI
$12.8B
| $15M | 0.02% |
447,435
+106,600
| +31% | +$3.36M |
|
656
Lamar Advertising Co
LAMR
$16.3B
| $14.9M | 0.02% |
198,700
-3,300
| -2% | -$248K |
|
|
AWH
657
DELISTED
Allied World Assurance Co Hld Lt
AWH
| $14.8M | 0.02% |
277,800
-12,800
| -4% | -$681K |
|
658
Wabtec
WAB
$49.3B
| $14.7M | 0.02% |
188,900
-9,700
| -5% | -$801K |
|
659
Popular Inc
BPOP
$11.1B
| $14.7M | 0.02% |
361,400
-24,300
| -6% | -$1.05M |
|
660
Advanced Energy
AEIS
$13B
| $14.7M | 0.02% |
214,500
-8,300
| -4% | -$513K |
|
661
XPO
XPO
$23.7B
| $14.6M | 0.02% |
931,607
+435,733
| +88% | +$7.12M |
|
662
Sensata Technologies
ST
$6.79B
| $14.6M | 0.02% |
334,200
+90,700
| +37% | +$3.8M |
|
663
Coca-Cola Europacific Partners
CCEP
$47.9B
| $14.6M | 0.02% |
386,616
-20,300
| -5% | -$708K |
|
664
SEI Investments
SEIC
$12.6B
| $14.6M | 0.02% |
288,900
-11,400
| -4% | -$576K |
|
665
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $14.6M | 0.02% |
219,200
+600
| +0.3% | +$40.5K |
|
|
ULTI
666
DELISTED
Ultimate Software Group Inc
ULTI
| $14.5M | 0.02% |
74,300
-3,300
| -4% | -$643K |
|
667
Cullen/Frost Bankers
CFR
$10.2B
| $14.5M | 0.02% |
162,721
+1,100
| +0.7% | +$99K |
|
668
Huntsman Corp
HUN
$1.77B
| $14.5M | 0.02% |
589,100
-54,800
| -9% | -$1.18M |
|
669
NiSource
NI
$20.4B
| $14.4M | 0.02% |
605,500
-106,800
| -15% | -$2.44M |
|
670
KKR & Co
KKR
$92.3B
| $14.4M | 0.02% |
788,730
-32,000
| -4% | -$569K |
|
|
SNV
671
DELISTED
Synovus
SNV
| $14.4M | 0.02% |
350,057
+29,100
| +9% | +$1.21M |
|
|
MBT
672
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $14.4M | 0.02% |
1,301,359
+158,900
| +14% | +$1.65M |
|
673
RPM International
RPM
$15B
| $14.3M | 0.02% |
260,100
-38,100
| -13% | -$2.03M |
|
674
Ares Capital
ARCC
$14.4B
| $14.3M | 0.02% |
821,400
+114,700
| +16% | +$1.98M |
|
|
LSXMA
675
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $14.3M | 0.02% |
507,701
+259,664
| +105% | +$7.02M |
|
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.