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 | |
|---|---|---|---|---|---|---|
851
Aecom
ACM
$9.75B
| $9.85M | 0.02% |
304,518
+7,200
| +2% | +$239K |
|
852
Sunstone Hotel Investors
SHO
$2.06B
| $9.8M | 0.02% |
607,939
+9,500
| +2% | +$150K |
|
853
Telephone and Data Systems
TDS
$3.75B
| $9.8M | 0.02% |
353,147
-10,100
| -3% | -$278K |
|
|
THS
854
DELISTED
Treehouse Foods
THS
| $9.79M | 0.02% |
119,900
+2,000
| +2% | +$164K |
|
|
TEN
855
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $9.77M | 0.02% |
169,000
-100
| -0.1% | -$5.78K |
|
|
CIM
856
Chimera Investment
CIM
$1B
| $9.76M | 0.02% |
174,613
+14,466
| +9% | +$837K |
|
|
IBKC
857
DELISTED
IBERIABANK Corp
IBKC
| $9.71M | 0.02% |
119,100
-2,700
| -2% | -$214K |
|
858
Patterson-UTI
PTEN
$3.76B
| $9.68M | 0.02% |
479,651
-25,500
| -5% | -$556K |
|
|
UFS
859
DELISTED
DOMTAR CORPORATION (New)
UFS
| $9.65M | 0.02% |
251,116
-9,100
| -3% | -$341K |
|
860
Landstar System
LSTR
$6.21B
| $9.64M | 0.02% |
112,600
+900
| +0.8% | +$76.3K |
|
|
FDC
861
DELISTED
First Data Corporation
FDC
| $9.61M | 0.02% |
528,100
+129,800
| +33% | +$2.17M |
|
862
Olin
OLN
$2.12B
| $9.58M | 0.02% |
316,337
+5,600
| +2% | +$171K |
|
|
DFT
863
DELISTED
DuPont Fabros Technology Inc.
DFT
| $9.55M | 0.02% |
156,181
-2,800
| -2% | -$154K |
|
|
EQM
864
DELISTED
EQM Midstream Partners, LP
EQM
| $9.54M | 0.02% |
127,900
-100
| -0.1% | -$7.48K |
|
865
Timken Company
TKR
$9.03B
| $9.51M | 0.02% |
205,600
-18,300
| -8% | -$841K |
|
|
BIG
866
DELISTED
Big Lots, Inc.
BIG
| $9.5M | 0.02% |
196,726
-3,400
| -2% | -$165K |
|
867
Littelfuse
LFUS
$11.6B
| $9.47M | 0.02% |
57,400
+1,300
| +2% | +$209K |
|
868
Brink's
BCO
$4.62B
| $9.42M | 0.02% |
140,557
-5,900
| -4% | -$363K |
|
869
Howard Hughes
HHH
$4.03B
| $9.4M | 0.02% |
80,249
+1,469
| +2% | +$174K |
|
870
Ziff Davis
ZD
$1.98B
| $9.38M | 0.02% |
126,845
+5,290
| +4% | +$395K |
|
871
Puma Biotechnology
PBYI
$454M
| $9.37M | 0.02% |
107,200
+2,300
| +2% | +$129K |
|
|
WRI
872
DELISTED
Weingarten Realty Investors
WRI
| $9.37M | 0.02% |
311,173
+6,200
| +2% | +$198K |
|
873
Eagle Materials
EXP
$6.57B
| $9.35M | 0.02% |
101,200
-10,700
| -10% | -$1.03M |
|
|
TWO
874
Two Harbors Investment
TWO
$1.27B
| $9.35M | 0.02% |
117,938
+3,738
| +3% | +$299K |
|
875
Edgewell Personal Care
EPC
$1.31B
| $9.34M | 0.02% |
122,900
+2,700
| +2% | +$199K |
|
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.