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 | |
|---|---|---|---|---|---|---|
|
PDCE
1176
DELISTED
PDC Energy, Inc.
PDCE
| $5.8M | 0.01% |
93,000
-4,100
| -4% | -$288K |
|
1177
Hilltop Holdings
HTH
$2.22B
| $5.78M | 0.01% |
210,300
+11,600
| +6% | +$324K |
|
|
ORBK
1178
DELISTED
Orbotech Ltd
ORBK
| $5.77M | 0.01% |
179,000
-1,900
| -1% | -$61.4K |
|
|
RP
1179
DELISTED
RealPage, Inc.
RP
| $5.76M | 0.01% |
165,200
+3,600
| +2% | +$118K |
|
|
NATI
1180
DELISTED
National Instruments Corp
NATI
| $5.75M | 0.01% |
176,700
-6,600
| -4% | -$210K |
|
|
CRC
1181
DELISTED
California Resources Corporation
CRC
| $5.75M | 0.01% |
382,506
-203,300
| -35% | -$3.73M |
|
|
WIN
1182
DELISTED
Windstream Holdings Inc
WIN
| $5.74M | 0.01% |
210,771
+72,034
| +52% | +$2.57M |
|
1183
NGL Energy Partners
NGL
$2.15B
| $5.74M | 0.01% |
253,900
+5,100
| +2% | +$117K |
|
1184
Old National Bancorp
ONB
$10.1B
| $5.73M | 0.01% |
330,500
-2,000
| -0.6% | -$35.7K |
|
1185
Green Plains
GPRE
$1.06B
| $5.73M | 0.01% |
231,400
-17,200
| -7% | -$409K |
|
1186
Comtech Telecommunications
CMTL
$51.8M
| $5.71M | 0.01% |
387,495
+23,000
| +6% | +$280K |
|
|
WMGI
1187
DELISTED
Wright Medical Group Inc
WMGI
| $5.71M | 0.01% |
183,440
-6,900
| -4% | -$187K |
|
1188
Bright Horizons
BFAM
$3.82B
| $5.69M | 0.01% |
78,500
-3,100
| -4% | -$217K |
|
1189
Clearwater Paper
CLW
$372M
| $5.69M | 0.01% |
101,556
-7,100
| -7% | -$420K |
|
|
PGRE
1190
DELISTED
Paramount Group
PGRE
| $5.68M | 0.01% |
350,600
-12,500
| -3% | -$208K |
|
1191
Alnylam Pharmaceuticals
ALNY
$29B
| $5.68M | 0.01% |
110,800
-4,800
| -4% | -$222K |
|
1192
Belden
BDC
$5.3B
| $5.67M | 0.01% |
82,000
-3,100
| -4% | -$228K |
|
|
HI
1193
DELISTED
Hillenbrand
HI
| $5.67M | 0.01% |
158,200
-7,700
| -5% | -$284K |
|
|
MTL
1194
DELISTED
Mechel PAO American Depository Shares, each representing two ordinary shares (ADSs)
MTL
| $5.66M | 0.01% |
1,063,050
+206,400
| +24% | +$1.16M |
|
1195
Genesco
GCO
$427M
| $5.65M | 0.01% |
101,857
-800
| -0.8% | -$47.7K |
|
1196
NorthWestern Energy
NWE
$4.38B
| $5.65M | 0.01% |
96,200
-300
| -0.3% | -$17.2K |
|
1197
Children's Place
PLCE
$57.8M
| $5.63M | 0.01% |
46,900
-5,100
| -10% | -$538K |
|
|
SGI
1198
Somnigroup International
SGI
$13.5B
| $5.63M | 0.01% |
484,400
+5,200
| +1% | +$66.8K |
|
1199
Black Hills Corp
BKH
$5.62B
| $5.62M | 0.01% |
84,500
-11,700
| -12% | -$740K |
|
|
BGC
1200
DELISTED
General Cable Corporation
BGC
| $5.61M | 0.01% |
312,400
-33,600
| -10% | -$603K |
|
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.