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 | 10.95% |
| 5 | Consumer Discretionary | 9.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1001
SITE Centers
SITC
$161M
| $8.09M | 0.01% |
685,068
+58,245
| +9% | +$730K |
|
1002
Warner Bros
WBD
$67.5B
| $8.08M | 0.01% |
379,539
+25,439
| +7% | +$599K |
|
|
VTLE
1003
DELISTED
Vital Energy
VTLE
| $8.07M | 0.01% |
31,201
+531
| +2% | +$129K |
|
1004
Wayfair
W
$14.6B
| $8.04M | 0.01% |
119,341
+5,541
| +5% | +$411K |
|
1005
The GEO Group
GEO
$4.22B
| $8.04M | 0.01% |
298,828
+7,828
| +3% | +$216K |
|
1006
Curtiss-Wright
CW
$25.3B
| $8M | 0.01% |
76,529
+3,029
| +4% | +$294K |
|
|
ORBK
1007
DELISTED
Orbotech Ltd
ORBK
| $7.99M | 0.01% |
189,361
+8,861
| +5% | +$338K |
|
|
QEP
1008
DELISTED
QEP RESOURCES, INC.
QEP
| $7.94M | 0.01% |
926,159
+124,834
| +16% | +$1.02M |
|
1009
Fortinet
FTNT
$121B
| $7.92M | 0.01% |
1,104,965
+37,965
| +4% | +$288K |
|
|
BRSL
1010
Brightstar Lottery PLC
BRSL
$2.04B
| $7.9M | 0.01% |
321,928
-63,114
| -16% | -$1.29M |
|
|
AXE
1011
DELISTED
Anixter International Inc
AXE
| $7.9M | 0.01% |
92,926
-574
| -0.6% | -$44.1K |
|
1012
Spire
SR
$4.81B
| $7.89M | 0.01% |
105,724
+13,624
| +15% | +$1.01M |
|
|
PRA
1013
DELISTED
ProAssurance
PRA
| $7.88M | 0.01% |
144,234
+11,056
| +8% | +$625K |
|
|
EGN
1014
DELISTED
Energen
EGN
| $7.88M | 0.01% |
144,100
+2,900
| +2% | +$148K |
|
1015
Texas Capital Bancshares
TCBI
$4.33B
| $7.88M | 0.01% |
91,820
+5,120
| +6% | +$398K |
|
|
THS
1016
DELISTED
Treehouse Foods
THS
| $7.87M | 0.01% |
116,191
-3,709
| -3% | -$273K |
|
1017
Radian Group
RDN
$4.89B
| $7.86M | 0.01% |
420,739
+19,239
| +5% | +$334K |
|
1018
Deluxe
DLX
$1.14B
| $7.84M | 0.01% |
107,491
+3,191
| +3% | +$223K |
|
|
AAN.A
1019
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $7.82M | 0.01% |
179,213
+18,113
| +11% | +$790K |
|
1020
Applied Industrial Technologies
AIT
$13.3B
| $7.8M | 0.01% |
118,580
+3,980
| +3% | +$231K |
|
|
PFPT
1021
DELISTED
Proofpoint, Inc.
PFPT
| $7.79M | 0.01% |
89,319
+2,219
| +3% | +$197K |
|
|
STOR
1022
DELISTED
STORE Capital Corporation
STOR
| $7.79M | 0.01% |
313,177
+5,277
| +2% | +$128K |
|
|
WES
1023
DELISTED
Western Gas Partners Lp
WES
| $7.77M | 0.01% |
151,566
-2,934
| -2% | -$152K |
|
1024
Antero Resources
AR
$11.1B
| $7.77M | 0.01% |
390,300
+6,800
| +2% | +$137K |
|
1025
Comtech Telecommunications
CMTL
$52.1M
| $7.74M | 0.01% |
376,809
-7,986
| -2% | -$153K |
|
Similar funds
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.