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 | |
|---|---|---|---|---|---|---|
1151
Charles River Laboratories
CRL
$13B
| $6M | 0.01% |
66,700
-2,700
| -4% | -$229K |
|
1152
Conduent
CNDT
$251M
| $6M | 0.01% |
+357,320
| New | +$5.44M |
|
1153
H.B. Fuller
FUL
$3.26B
| $6M | 0.01% |
116,300
-14,800
| -11% | -$739K |
|
1154
TD Synnex
SNX
$20.5B
| $5.98M | 0.01% |
106,800
-13,400
| -11% | -$798K |
|
1155
Kemper
KMPR
$1.55B
| $5.97M | 0.01% |
149,700
-10,700
| -7% | -$457K |
|
1156
Choice Hotels
CHH
$4.64B
| $5.95M | 0.01% |
95,100
+1,500
| +2% | +$88.2K |
|
|
HR
1157
DELISTED
Healthcare Realty Trust Incorporated
HR
| $5.95M | 0.01% |
183,075
-7,200
| -4% | -$223K |
|
|
NSR
1158
DELISTED
Neustar Inc
NSR
| $5.94M | 0.01% |
179,300
-3,900
| -2% | -$130K |
|
|
INVX
1159
Innovex International
INVX
$2.02B
| $5.94M | 0.01% |
108,900
-3,000
| -3% | -$179K |
|
1160
BOK Financial
BOKF
$8.65B
| $5.94M | 0.01% |
75,866
-1,300
| -2% | -$106K |
|
|
NGHC
1161
DELISTED
National General Holdings Corp
NGHC
| $5.94M | 0.01% |
249,900
-10,800
| -4% | -$263K |
|
1162
Acadia Healthcare
ACHC
$2.96B
| $5.92M | 0.01% |
135,900
-6,300
| -4% | -$256K |
|
|
SHLD
1163
DELISTED
Sears Holding Corporation
SHLD
| $5.92M | 0.01% |
515,048
+116,800
| +29% | +$976K |
|
1164
Cousins Properties
CUZ
$4.8B
| $5.89M | 0.01% |
178,045
-20,727
| -10% | -$696K |
|
|
BCPC
1165
Balchem Corp
BCPC
$5.67B
| $5.88M | 0.01% |
71,400
-3,000
| -4% | -$252K |
|
|
KND
1166
DELISTED
Kindred Healthcare
KND
| $5.88M | 0.01% |
703,619
+128,300
| +22% | +$1M |
|
1167
Dycom Industries
DY
$12.2B
| $5.87M | 0.01% |
63,200
-3,100
| -5% | -$263K |
|
1168
Abercrombie & Fitch
ANF
$5.26B
| $5.86M | 0.01% |
491,300
+95,100
| +24% | +$1.13M |
|
|
MBFI
1169
DELISTED
MB Financial Corp
MBFI
| $5.86M | 0.01% |
136,800
-3,000
| -2% | -$134K |
|
|
MDSO
1170
DELISTED
Medidata Solutions, Inc.
MDSO
| $5.86M | 0.01% |
101,500
-8,100
| -7% | -$438K |
|
1171
Worthington Enterprises
WOR
$2.81B
| $5.85M | 0.01% |
210,536
-40,550
| -16% | -$1.22M |
|
|
GWR
1172
DELISTED
Genesee & Wyoming Inc.
GWR
| $5.84M | 0.01% |
86,000
-21,400
| -20% | -$1.55M |
|
1173
Federated Hermes
FHI
$4.73B
| $5.83M | 0.01% |
221,500
-7,300
| -3% | -$195K |
|
1174
Scholastic
SCHL
$807M
| $5.82M | 0.01% |
136,700
-3,800
| -3% | -$173K |
|
|
VSM
1175
DELISTED
Versum Materials, Inc.
VSM
| $5.81M | 0.01% |
189,750
-15,208
| -7% | -$444K |
|
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.