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 |
DuPont de Nemours
DD
|
+$168M |
| 2 |
Microsoft
MSFT
|
+$95.5M |
| 3 |
Apple
AAPL
|
+$66.8M |
| 4 |
Meta Platforms (Facebook)
META
|
+$60.2M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$57.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DD
Du Pont De Nemours E I
DD
|
+$173M |
| 2 |
BHI
Baker Hughes
BHI
|
+$56.5M |
| 3 |
Synchrony
SYF
|
+$38.8M |
| 4 |
Alibaba
BABA
|
+$36.3M |
| 5 |
WFM
Whole Foods Market Inc
WFM
|
+$35M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.95% |
| 2 | Technology | 15.54% |
| 3 | Healthcare | 13.07% |
| 4 | Industrials | 10.96% |
| 5 | Consumer Discretionary | 9.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
851
Patterson-UTI
PTEN
$3.76B
| $10.4M | 0.02% |
495,566
+15,915
| +3% | +$293K |
|
852
Healthcare Realty
HR
$6.84B
| $10.3M | 0.02% |
346,946
+22,846
| +7% | +$694K |
|
853
Myriad Genetics
MYGN
$312M
| $10.3M | 0.02% |
285,280
+10,280
| +4% | +$293K |
|
|
WRI
854
DELISTED
Weingarten Realty Investors
WRI
| $10.3M | 0.02% |
324,865
+13,692
| +4% | +$437K |
|
855
Transocean
RIG
$5.82B
| $10.3M | 0.02% |
958,185
+195,985
| +26% | +$1.69M |
|
856
Telephone and Data Systems
TDS
$3.75B
| $10.3M | 0.02% |
367,733
+14,586
| +4% | +$412K |
|
857
U-Haul Holding Co
UHAL
$14.6B
| $10.2M | 0.02% |
273,350
+20,350
| +8% | +$760K |
|
858
HubSpot
HUBS
$10.5B
| $10.2M | 0.02% |
121,900
-74,500
| -38% | -$5.33M |
|
|
VR
859
DELISTED
Validus Hold Ltd
VR
| $10.2M | 0.02% |
207,797
-7,153
| -3% | -$363K |
|
|
OPLN
860
Openlane
OPLN
$4.54B
| $10.2M | 0.02% |
565,076
+29,543
| +6% | +$487K |
|
861
Encompass Health
EHC
$12.4B
| $10.2M | 0.02% |
276,139
+7,895
| +3% | +$281K |
|
|
ODP
862
DELISTED
ODP
ODP
| $10.2M | 0.02% |
224,003
+4,411
| +2% | +$218K |
|
|
DHC
863
Diversified Healthcare Trust
DHC
$2.14B
| $10.1M | 0.02% |
517,701
-57,805
| -10% | -$1.13M |
|
864
Woodward
WWD
$21.4B
| $10.1M | 0.02% |
130,188
+1,288
| +1% | +$90.7K |
|
865
Ternium
TX
$10.6B
| $10.1M | 0.02% |
325,519
+119,919
| +58% | +$3.63M |
|
866
Axalta
AXTA
$8.17B
| $9.95M | 0.01% |
343,935
+15,435
| +5% | +$467K |
|
867
Associated Banc-Corp
ASB
$5.91B
| $9.94M | 0.01% |
409,934
+6,249
| +2% | +$146K |
|
868
American Homes 4 Rent
AMH
$12.5B
| $9.94M | 0.01% |
457,724
-3,620
| -0.8% | -$81.2K |
|
|
EQM
869
DELISTED
EQM Midstream Partners, LP
EQM
| $9.88M | 0.01% |
131,729
+3,829
| +3% | +$288K |
|
870
Universal Display
OLED
$4.19B
| $9.87M | 0.01% |
76,562
+3,162
| +4% | +$383K |
|
|
MNK
871
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $9.87M | 0.01% |
263,970
+26,970
| +11% | +$1.07M |
|
872
Under Armour Class C
UA
$2.53B
| $9.85M | 0.01% |
655,734
+5,500
| +0.8% | +$92.6K |
|
|
WUBA
873
DELISTED
58.com Inc
WUBA
| $9.84M | 0.01% |
155,853
+2,453
| +2% | +$139K |
|
|
NATI
874
DELISTED
National Instruments Corp
NATI
| $9.82M | 0.01% |
232,787
+26,387
| +13% | +$1.07M |
|
|
CXP
875
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $9.76M | 0.01% |
448,390
+36,290
| +9% | +$781K |
|
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California Public Employees Retirement System's Q3 2017 Portfolio in Review
As of Q3 2017, California Public Employees Retirement System held 3,426 positions worth $67.3B, up 7.7% from $62.5B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System deployed $2.04B of net new capital in Q3 2017, opening 47 new positions and adding to 1,907 existing holdings. Its largest new stake was Baker Hughes: 919,818 shares worth $33.7M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Synchrony, an estimated $38.8M trimmed.
- California Public Employees Retirement System's largest Q3 2017 buy was Baker Hughes: 919,818 shares worth $33.7M.
- California Public Employees Retirement System added most to DuPont de Nemours in Q3 2017, an estimated $168M increase.
- California Public Employees Retirement System's biggest Q3 2017 reduction was Synchrony, cutting an estimated $38.8M.
- California Public Employees Retirement System fully exited Du Pont De Nemours E I in Q3 2017, selling an estimated $173M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $67.3B portfolio in Q3 2017.
- California Public Employees Retirement System opened 47 new positions and closed 81 in Q3 2017.
- California Public Employees Retirement System's portfolio value rose 7.7% quarter-over-quarter to $67.3B.
Based on California Public Employees Retirement System's 13F filing for Q3 2017, filed 15 Nov 2017.