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 | |
|---|---|---|---|---|---|---|
1026
Kirby Corp
KEX
$6.95B
| $7.39M | 0.01% |
104,800
-1,800
| -2% | -$123K |
|
|
JCP
1027
DELISTED
J.C. Penney Company, Inc.
JCP
| $7.38M | 0.01% |
1,198,433
+20,700
| +2% | +$137K |
|
1028
Westlake Corp
WLK
$9.93B
| $7.37M | 0.01% |
111,600
-4,400
| -4% | -$278K |
|
1029
IPG Photonics
IPGP
$3.73B
| $7.33M | 0.01% |
60,700
-2,500
| -4% | -$283K |
|
1030
Texas Roadhouse
TXRH
$13.9B
| $7.3M | 0.01% |
164,000
-2,400
| -1% | -$108K |
|
|
DO
1031
DELISTED
Diamond Offshore Drilling
DO
| $7.29M | 0.01% |
436,445
+25,800
| +6% | +$438K |
|
1032
Spectrum Brands
SPB
$1.98B
| $7.28M | 0.01% |
52,400
-2,900
| -5% | -$385K |
|
|
CADE
1033
DELISTED
Cadence Bank
CADE
| $7.27M | 0.01% |
240,311
-9,500
| -4% | -$291K |
|
1034
HEICO Corp Class A
HEI.A
$37.3B
| $7.22M | 0.01% |
235,107
-7,081
| -3% | -$203K |
|
|
ZLTQ
1035
DELISTED
ZELTIQ Aesthetics, Inc.
ZLTQ
| $7.22M | 0.01% |
145,500
+73,600
| +102% | +$3.69M |
|
1036
Graham Holdings Company
GHC
$4.97B
| $7.21M | 0.01% |
12,030
-600
| -5% | -$327K |
|
1037
Hope Bancorp
HOPE
$1.78B
| $7.21M | 0.01% |
376,130
-35,629
| -9% | -$748K |
|
1038
Sprouts Farmers Market
SFM
$8.04B
| $7.2M | 0.01% |
311,200
+2,800
| +0.9% | +$54.9K |
|
1039
Texas Capital Bancshares
TCBI
$4.32B
| $7.18M | 0.01% |
86,100
+1,000
| +1% | +$83.8K |
|
|
STOR
1040
DELISTED
STORE Capital Corporation
STOR
| $7.16M | 0.01% |
299,800
-36,500
| -11% | -$885K |
|
1041
MGIC Investment
MTG
$6.26B
| $7.15M | 0.01% |
705,600
+34,900
| +5% | +$368K |
|
|
SAVE
1042
DELISTED
Spirit Airlines, Inc.
SAVE
| $7.14M | 0.01% |
134,500
-5,700
| -4% | -$305K |
|
1043
Regal Rexnord
RRX
$11.7B
| $7.13M | 0.01% |
94,200
-15,500
| -14% | -$1.14M |
|
|
IDTI
1044
DELISTED
Integrated Device Technology I
IDTI
| $7.13M | 0.01% |
301,000
-27,000
| -8% | -$662K |
|
1045
Cabot Corp
CBT
$4.48B
| $7.11M | 0.01% |
118,700
-37,200
| -24% | -$2.12M |
|
1046
Diamondrock Hospitality Co
DRH
$2.49B
| $7.1M | 0.01% |
636,878
-9,900
| -2% | -$111K |
|
1047
John Wiley & Sons Class A
WLY
$2.64B
| $7.1M | 0.01% |
131,946
-7,200
| -5% | -$391K |
|
1048
Insight Enterprises
NSIT
$4.45B
| $7.1M | 0.01% |
172,700
-3,700
| -2% | -$151K |
|
1049
Herc Holdings
HRI
$5.62B
| $7.08M | 0.01% |
144,766
-4,600
| -3% | -$216K |
|
1050
Louisiana-Pacific
LPX
$5.23B
| $7.03M | 0.01% |
283,300
-25,900
| -8% | -$572K |
|
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.