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 | |
|---|---|---|---|---|---|---|
|
TRCO
776
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $11.2M | 0.02% |
274,100
-10,400
| -4% | -$408K |
|
|
VR
777
DELISTED
Validus Hold Ltd
VR
| $11.2M | 0.02% |
214,950
-3,700
| -2% | -$199K |
|
|
MBT
778
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $11.2M | 0.02% |
1,331,467
+30,108
| +2% | +$290K |
|
779
Ionis Pharmaceuticals
IONS
$9.4B
| $11.2M | 0.02% |
219,300
+4,800
| +2% | +$224K |
|
|
DCT
780
DELISTED
DCT Industrial Trust Inc.
DCT
| $11.1M | 0.02% |
208,056
-5,300
| -2% | -$277K |
|
781
Lamb Weston
LW
$7.19B
| $11.1M | 0.02% |
252,166
+5,500
| +2% | +$242K |
|
|
NFX
782
DELISTED
Newfield Exploration
NFX
| $11.1M | 0.02% |
390,100
+8,500
| +2% | +$280K |
|
|
PDM
783
Piedmont Realty Trust
PDM
$1.19B
| $11.1M | 0.02% |
526,361
-10,300
| -2% | -$223K |
|
|
COHR
784
DELISTED
Coherent Inc
COHR
| $11.1M | 0.02% |
49,300
-900
| -2% | -$207K |
|
|
DNB
785
DELISTED
Dun & Bradstreet
DNB
| $11.1M | 0.02% |
102,292
+4,100
| +4% | +$439K |
|
786
W.P. Carey
WPC
$16.4B
| $11M | 0.02% |
170,711
+8,985
| +6% | +$568K |
|
787
Prosperity Bancshares
PB
$8.89B
| $11M | 0.02% |
170,816
-17,400
| -9% | -$1.15M |
|
788
Gentex
GNTX
$5.07B
| $11M | 0.02% |
577,700
+3,600
| +0.6% | +$70.2K |
|
789
Sun Communities
SUI
$14.7B
| $10.9M | 0.02% |
124,300
+5,000
| +4% | +$429K |
|
790
Dana Inc
DAN
$3.06B
| $10.9M | 0.02% |
487,909
-52,000
| -10% | -$1.06M |
|
791
EnerSys
ENS
$6.99B
| $10.9M | 0.02% |
150,300
+2,700
| +2% | +$213K |
|
792
NNN REIT
NNN
$8.99B
| $10.9M | 0.02% |
278,302
+6,500
| +2% | +$263K |
|
793
Brown-Forman Class A
BF.A
$13.3B
| $10.9M | 0.02% |
275,250
-6,750
| -2% | -$270K |
|
794
Pitney Bowes
PBI
$2.39B
| $10.9M | 0.02% |
718,612
-37,900
| -5% | -$554K |
|
795
Hanover Insurance
THG
$7.98B
| $10.8M | 0.02% |
122,410
+2,100
| +2% | +$181K |
|
|
PRXL
796
DELISTED
Parexel International Corp
PRXL
| $10.8M | 0.02% |
124,500
+7,300
| +6% | +$544K |
|
797
National Fuel Gas
NFG
$7.65B
| $10.8M | 0.02% |
193,599
-21,800
| -10% | -$1.23M |
|
798
Trinity Industries
TRN
$2.38B
| $10.8M | 0.02% |
535,598
-5,834
| -1% | -$112K |
|
799
ScottsMiracle-Gro
SMG
$3.66B
| $10.8M | 0.02% |
120,400
-400
| -0.3% | -$36.1K |
|
800
Genpact
G
$5.76B
| $10.8M | 0.02% |
386,800
+12,500
| +3% | +$324K |
|
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.