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 | |
|---|---|---|---|---|---|---|
1126
Pegasystems
PEGA
$5.38B
| $6.22M | 0.01% |
213,200
+6,000
| +3% | +$158K |
|
1127
NorthWestern Energy
NWE
$4.43B
| $6.22M | 0.01% |
101,900
+5,700
| +6% | +$348K |
|
|
MBFI
1128
DELISTED
MB Financial Corp
MBFI
| $6.21M | 0.01% |
141,100
+4,300
| +3% | +$183K |
|
1129
Abercrombie & Fitch
ANF
$5B
| $6.2M | 0.01% |
498,000
+6,700
| +1% | +$82.5K |
|
1130
Papa John's
PZZA
$806M
| $6.17M | 0.01% |
86,000
-100
| -0.1% | -$7.91K |
|
|
ACH
1131
Accendra Health
ACH
$214M
| $6.15M | 0.01% |
191,106
+1,900
| +1% | +$62.4K |
|
|
EE
1132
DELISTED
El Paso Electric Company
EE
| $6.15M | 0.01% |
118,950
-1,000
| -0.8% | -$52.3K |
|
|
MDRX
1133
DELISTED
Veradigm Inc. Common Stock
MDRX
| $6.11M | 0.01% |
479,100
-4,100
| -0.8% | -$49.8K |
|
1134
Prestige Consumer Healthcare
PBH
$2.6B
| $6.11M | 0.01% |
115,700
+1,200
| +1% | +$64.3K |
|
|
ARGO
1135
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $6.1M | 0.01% |
115,828
-2,415
| -2% | -$133K |
|
1136
RLI Corp
RLI
$5.89B
| $6.08M | 0.01% |
222,800
+10,200
| +5% | +$287K |
|
1137
Guidewire Software
GWRE
$14.2B
| $6.07M | 0.01% |
88,400
+2,800
| +3% | +$178K |
|
1138
BOK Financial
BOKF
$8.74B
| $6.07M | 0.01% |
72,166
-3,700
| -5% | -$302K |
|
|
PGRE
1139
DELISTED
Paramount Group
PGRE
| $6.06M | 0.01% |
378,600
+28,000
| +8% | +$455K |
|
1140
Skywest
SKYW
$4.34B
| $6.04M | 0.01% |
172,141
-23,600
| -12% | -$829K |
|
|
SUM
1141
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $6.03M | 0.01% |
215,426
+4,641
| +2% | +$121K |
|
|
PRAH
1142
DELISTED
PRA Health Sciences, Inc.
PRAH
| $6.02M | 0.01% |
80,300
+5,100
| +7% | +$354K |
|
|
GWR
1143
DELISTED
Genesee & Wyoming Inc.
GWR
| $6.01M | 0.01% |
87,900
+1,900
| +2% | +$125K |
|
|
GWB
1144
DELISTED
Great Western Bancorp, Inc.
GWB
| $6.01M | 0.01% |
147,255
-11,300
| -7% | -$456K |
|
1145
First Financial Bankshares
FFIN
$4.97B
| $6.01M | 0.01% |
271,800
+4,200
| +2% | +$84.2K |
|
1146
Delek US
DK
$3.58B
| $6M | 0.01% |
227,100
-47,500
| -17% | -$1.17M |
|
1147
KB Home
KBH
$3.59B
| $6M | 0.01% |
250,400
-3,100
| -1% | -$65.6K |
|
1148
Plains GP Holdings
PAGP
$4.9B
| $6M | 0.01% |
229,240
+4,800
| +2% | +$134K |
|
|
MDCO
1149
DELISTED
Medicines Co
MDCO
| $5.99M | 0.01% |
157,600
+3,400
| +2% | +$151K |
|
1150
Evercore
EVR
$11.8B
| $5.99M | 0.01% |
84,900
+2,500
| +3% | +$182K |
|
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.