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 | |
|---|---|---|---|---|---|---|
1101
National Health Investors
NHI
$3.65B
| $6.44M | 0.01% |
81,300
-7,700
| -9% | -$582K |
|
1102
United Bankshares
UBSI
$6.62B
| $6.44M | 0.01% |
164,214
+48,614
| +42% | +$1.93M |
|
|
PMT
1103
PennyMac Mortgage Investment
PMT
$842M
| $6.43M | 0.01% |
351,400
-21,000
| -6% | -$374K |
|
|
HRG
1104
DELISTED
HRG Group, Inc.
HRG
| $6.43M | 0.01% |
362,900
-50,900
| -12% | -$956K |
|
1105
Spire
SR
$4.85B
| $6.42M | 0.01% |
92,100
+2,500
| +3% | +$175K |
|
1106
Matador Resources
MTDR
$6.09B
| $6.41M | 0.01% |
299,900
+6,500
| +2% | +$148K |
|
|
FLOW
1107
DELISTED
SPX FLOW, Inc.
FLOW
| $6.4M | 0.01% |
173,605
-20,400
| -11% | -$754K |
|
1108
Federated Hermes
FHI
$4.72B
| $6.4M | 0.01% |
226,400
+4,900
| +2% | +$131K |
|
|
APU
1109
DELISTED
AmeriGas Partners, L.P.
APU
| $6.39M | 0.01% |
141,500
-40,300
| -22% | -$1.81M |
|
1110
WEX
WEX
$6.31B
| $6.37M | 0.01% |
61,100
+1,300
| +2% | +$134K |
|
|
LSI
1111
DELISTED
Life Storage, Inc.
LSI
| $6.36M | 0.01% |
128,777
+3,000
| +2% | +$156K |
|
1112
Itron
ITRI
$4.54B
| $6.36M | 0.01% |
93,800
+3,000
| +3% | +$197K |
|
|
REGI
1113
DELISTED
Renewable Energy Group, Inc.
REGI
| $6.32M | 0.01% |
488,267
+25,400
| +5% | +$286K |
|
1114
Amkor Technology
AMKR
$13.7B
| $6.32M | 0.01% |
646,559
-75,700
| -10% | -$857K |
|
1115
Belden
BDC
$5.19B
| $6.31M | 0.01% |
83,700
+1,700
| +2% | +$121K |
|
|
VSM
1116
DELISTED
Versum Materials, Inc.
VSM
| $6.3M | 0.01% |
193,950
+4,200
| +2% | +$131K |
|
1117
Bright Horizons
BFAM
$3.86B
| $6.3M | 0.01% |
81,600
+3,100
| +4% | +$235K |
|
1118
Park Hotels & Resorts
PK
$2.97B
| $6.28M | 0.01% |
232,953
+28,200
| +14% | +$746K |
|
1119
Transocean
RIG
$5.82B
| $6.27M | 0.01% |
762,200
+131,300
| +21% | +$1.34M |
|
|
AAN.A
1120
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $6.27M | 0.01% |
161,100
-12,500
| -7% | -$486K |
|
1121
Maximus
MMS
$3.1B
| $6.26M | 0.01% |
99,900
+2,600
| +3% | +$161K |
|
|
SWN
1122
DELISTED
Southwestern Energy Company
SWN
| $6.25M | 0.01% |
1,027,500
+60,400
| +6% | +$417K |
|
1123
Prospect Capital
PSEC
$1.17B
| $6.23M | 0.01% |
767,000
+20,100
| +3% | +$172K |
|
|
RP
1124
DELISTED
RealPage, Inc.
RP
| $6.23M | 0.01% |
173,200
+8,000
| +5% | +$286K |
|
|
POLY
1125
DELISTED
Plantronics, Inc.
POLY
| $6.22M | 0.01% |
119,000
-500
| -0.4% | -$26.9K |
|
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.