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 | |
|---|---|---|---|---|---|---|
|
STOR
1051
DELISTED
STORE Capital Corporation
STOR
| $6.91M | 0.01% |
307,900
+8,100
| +3% | +$179K |
|
|
ZNGA
1052
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $6.9M | 0.01% |
1,894,500
-785,700
| -29% | -$2.58M |
|
|
GRUB
1053
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $6.89M | 0.01% |
79,050
+1,700
| +2% | +$141K |
|
1054
Charles River Laboratories
CRL
$12.8B
| $6.89M | 0.01% |
68,100
+1,400
| +2% | +$129K |
|
|
CTB
1055
DELISTED
Cooper Tire & Rubber Co.
CTB
| $6.88M | 0.01% |
190,727
-2,700
| -1% | -$104K |
|
|
JBTM
1056
JBT Marel
JBTM
$6.39B
| $6.86M | 0.01% |
70,000
-700
| -1% | -$62.1K |
|
1057
Acadia Healthcare
ACHC
$2.94B
| $6.85M | 0.01% |
138,800
+2,900
| +2% | +$128K |
|
|
SGI
1058
Somnigroup International
SGI
$13.7B
| $6.85M | 0.01% |
513,200
+28,800
| +6% | +$340K |
|
|
NS
1059
DELISTED
NuStar Energy L.P.
NS
| $6.84M | 0.01% |
146,600
+1,500
| +1% | +$70.1K |
|
1060
Primerica
PRI
$9.89B
| $6.83M | 0.01% |
90,200
-8,500
| -9% | -$667K |
|
1061
Invesco Mortgage Capital
IVR
$805M
| $6.83M | 0.01% |
40,870
-820
| -2% | -$133K |
|
1062
LXP Industrial Trust
LXP
$3.57B
| $6.81M | 0.01% |
137,469
-12,140
| -8% | -$606K |
|
1063
Photronics
PLAB
$1.93B
| $6.77M | 0.01% |
720,200
+28,000
| +4% | +$296K |
|
1064
Applied Industrial Technologies
AIT
$13.3B
| $6.77M | 0.01% |
114,600
-7,300
| -6% | -$447K |
|
|
WUBA
1065
DELISTED
58.com Inc
WUBA
| $6.77M | 0.01% |
153,400
+3,300
| +2% | +$136K |
|
|
VRE
1066
DELISTED
Veris Residential
VRE
| $6.75M | 0.01% |
248,799
-10,400
| -4% | -$285K |
|
1067
Curtiss-Wright
CW
$25.5B
| $6.75M | 0.01% |
73,500
-7,800
| -10% | -$703K |
|
1068
Clean Harbors
CLH
$16.3B
| $6.74M | 0.01% |
120,700
+600
| +0.5% | +$34.5K |
|
1069
Cousins Properties
CUZ
$4.88B
| $6.74M | 0.01% |
191,645
+13,600
| +8% | +$468K |
|
1070
Integra LifeSciences
IART
$1.34B
| $6.74M | 0.01% |
123,600
+2,400
| +2% | +$115K |
|
1071
Texas Capital Bancshares
TCBI
$4.32B
| $6.71M | 0.01% |
86,700
+600
| +0.7% | +$46.2K |
|
1072
Diamondrock Hospitality Co
DRH
$2.56B
| $6.7M | 0.01% |
612,178
-24,700
| -4% | -$276K |
|
1073
RingCentral
RNG
$5.28B
| $6.7M | 0.01% |
183,300
+11,700
| +7% | +$387K |
|
|
CPE
1074
DELISTED
Callon Petroleum Company
CPE
| $6.66M | 0.01% |
62,790
+1,360
| +2% | +$159K |
|
|
WDR
1075
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $6.65M | 0.01% |
352,234
-10,700
| -3% | -$188K |
|
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.