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 | 10.81% |
| 5 | Consumer Discretionary | 9.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
LVNTA
1001
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $7.58M | 0.01% |
170,400
-6,100
| -3% | -$261K |
|
|
BLUE
1002
DELISTED
bluebird bio
BLUE
| $7.54M | 0.01% |
6,408
-278
| -4% | -$284K |
|
|
MDP
1003
DELISTED
Meredith Corporation
MDP
| $7.54M | 0.01% |
116,800
-2,900
| -2% | -$178K |
|
|
NS
1004
DELISTED
NuStar Energy L.P.
NS
| $7.54M | 0.01% |
145,100
-5,600
| -4% | -$295K |
|
1005
Applied Industrial Technologies
AIT
$13.3B
| $7.54M | 0.01% |
121,900
-5,000
| -4% | -$309K |
|
|
MDCO
1006
DELISTED
Medicines Co
MDCO
| $7.54M | 0.01% |
154,200
-12,000
| -7% | -$547K |
|
|
CHS
1007
DELISTED
Chicos FAS, Inc.
CHS
| $7.53M | 0.01% |
530,400
-5,800
| -1% | -$80.5K |
|
|
EGN
1008
DELISTED
Energen
EGN
| $7.52M | 0.01% |
138,100
-73,557
| -35% | -$3.98M |
|
1009
Euronet Worldwide
EEFT
$2.67B
| $7.52M | 0.01% |
87,900
-3,800
| -4% | -$299K |
|
1010
DexCom
DXCM
$32.7B
| $7.48M | 0.01% |
353,200
-26,000
| -7% | -$507K |
|
|
ESGR
1011
DELISTED
Enstar Group
ESGR
| $7.48M | 0.01% |
39,100
-300
| -0.8% | -$58K |
|
|
SC
1012
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $7.48M | 0.01% |
561,500
-7,200
| -1% | -$99.9K |
|
|
SLCA
1013
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $7.48M | 0.01% |
155,800
-6,300
| -4% | -$337K |
|
1014
LXP Industrial Trust
LXP
$3.57B
| $7.47M | 0.01% |
149,609
-4,980
| -3% | -$265K |
|
1015
Radian Group
RDN
$4.89B
| $7.46M | 0.01% |
415,200
+5,500
| +1% | +$102K |
|
1016
Portland General Electric
POR
$5.68B
| $7.45M | 0.01% |
167,800
-12,400
| -7% | -$546K |
|
1017
Brinker International
EAT
$9.72B
| $7.45M | 0.01% |
169,454
-300
| -0.2% | -$13.3K |
|
|
STMP
1018
DELISTED
Stamps.com, Inc.
STMP
| $7.44M | 0.01% |
62,900
-1,300
| -2% | -$161K |
|
|
PSB
1019
DELISTED
PS Business Parks, Inc.
PSB
| $7.44M | 0.01% |
64,820
-3,700
| -5% | -$426K |
|
1020
Curtiss-Wright
CW
$25.3B
| $7.42M | 0.01% |
81,300
-11,700
| -13% | -$1.13M |
|
|
ESL
1021
DELISTED
Esterline Technologies
ESL
| $7.41M | 0.01% |
86,100
-4,200
| -5% | -$368K |
|
1022
Photronics
PLAB
$1.91B
| $7.41M | 0.01% |
692,200
-14,000
| -2% | -$156K |
|
|
ZNGA
1023
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $7.4M | 0.01% |
2,680,200
+1,838,600
| +218% | +$4.94M |
|
1024
Unisys
UIS
$214M
| $7.4M | 0.01% |
530,400
-14,400
| -3% | -$200K |
|
|
PRXL
1025
DELISTED
Parexel International Corp
PRXL
| $7.4M | 0.01% |
117,200
-3,700
| -3% | -$245K |
|
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.