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 |
Alphabet (Google) Class A
GOOGL
|
+$386M |
| 2 |
Amazon
AMZN
|
+$108M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$96.6M |
| 4 |
Unilever
UL
|
+$80.9M |
| 5 |
Alibaba
BABA
|
+$80.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$349M |
| 2 |
BCR
CR Bard Inc.
BCR
|
+$61.1M |
| 3 |
Apple
AAPL
|
+$37.1M |
| 4 |
LVLT
Level 3 Communications Inc
LVLT
|
+$32.4M |
| 5 |
BRCD
Brocade Communications Systems, Inc. NEW
BRCD
|
+$17.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.92% |
| 2 | Technology | 15.57% |
| 3 | Healthcare | 12.62% |
| 4 | Industrials | 10.77% |
| 5 | Consumer Discretionary | 10.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1176
Pebblebrook Hotel Trust
PEB
$2B
| $6.61M | 0.01% |
177,879
+15,382
| +9% | +$568K |
|
|
QCP
1177
DELISTED
Quality Care Properties, Inc.
QCP
| $6.61M | 0.01% |
478,618
+91,023
| +23% | +$1.39M |
|
|
CLVS
1178
DELISTED
Clovis Oncology, Inc.
CLVS
| $6.61M | 0.01% |
97,184
+63,800
| +191% | +$4.46M |
|
|
B
1179
DELISTED
Barnes Group Inc.
B
| $6.61M | 0.01% |
104,440
+6,616
| +7% | +$439K |
|
|
GWPH
1180
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $6.6M | 0.01% |
+50,000
| New | +$5.87M |
|
1181
Home BancShares
HOMB
$6.17B
| $6.6M | 0.01% |
283,687
-18,693
| -6% | -$437K |
|
|
BLD
1182
DELISTED
TopBuild
BLD
| $6.59M | 0.01% |
87,001
+2,200
| +3% | +$146K |
|
1183
Photronics
PLAB
$1.91B
| $6.59M | 0.01% |
772,676
+28,568
| +4% | +$261K |
|
1184
First Financial Bankshares
FFIN
$4.96B
| $6.56M | 0.01% |
291,128
+8,306
| +3% | +$189K |
|
|
LNW
1185
DELISTED
Light & Wonder
LNW
| $6.56M | 0.01% |
127,798
+10,207
| +9% | +$497K |
|
1186
Children's Place
PLCE
$58.9M
| $6.55M | 0.01% |
45,101
-519
| -1% | -$63.2K |
|
|
AAN.A
1187
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $6.54M | 0.01% |
164,095
-15,118
| -8% | -$602K |
|
|
LGF.B
1188
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $6.54M | 0.01% |
205,899
+6,400
| +3% | +$192K |
|
1189
CNA Financial
CNA
$14B
| $6.53M | 0.01% |
123,115
+1,675
| +1% | +$88.2K |
|
|
SHLX
1190
DELISTED
Shell Midstream Partners, L.P.
SHLX
| $6.52M | 0.01% |
218,509
+20,409
| +10% | +$555K |
|
1191
Merit Medical Systems
MMSI
$5.37B
| $6.51M | 0.01% |
150,699
+8,607
| +6% | +$361K |
|
|
MOMO
1192
Hello Group
MOMO
$861M
| $6.51M | 0.01% |
265,880
+93,994
| +55% | +$2.71M |
|
1193
BOK Financial
BOKF
$8.76B
| $6.49M | 0.01% |
70,289
+4,896
| +7% | +$432K |
|
|
BCPC
1194
Balchem Corp
BCPC
$5.69B
| $6.49M | 0.01% |
80,495
+1,895
| +2% | +$158K |
|
|
ILG
1195
DELISTED
ILG, Inc Common Stock
ILG
| $6.48M | 0.01% |
227,684
+7,217
| +3% | +$208K |
|
1196
Werner Enterprises
WERN
$2.25B
| $6.48M | 0.01% |
167,697
+1,651
| +1% | +$60K |
|
1197
Sinclair Inc
SBGI
$1.04B
| $6.46M | 0.01% |
170,602
+17,042
| +11% | +$564K |
|
|
SVU
1198
DELISTED
SUPERVALU Inc.
SVU
| $6.45M | 0.01% |
298,698
+59,595
| +25% | +$1.09M |
|
1199
Molina Healthcare
MOH
$10.5B
| $6.45M | 0.01% |
84,088
+4,884
| +6% | +$353K |
|
|
ECHO
1200
EchoStar
ECHO
$26.1B
| $6.42M | 0.01% |
132,231
+91
| +0.1% | +$4.23K |
|
Similar funds
California Public Employees Retirement System's Q4 2017 Portfolio in Review
As of Q4 2017, California Public Employees Retirement System held 3,413 positions worth $74B, up 9.9% from $67.3B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System deployed $2.61B of net new capital in Q4 2017, opening 69 new positions and adding to 1,867 existing holdings. Its largest new stake was Unilever: 1,276,444 shares worth $79.5M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Alphabet (Google) Class C, an estimated $349M trimmed.
- California Public Employees Retirement System's largest Q4 2017 buy was Unilever: 1,276,444 shares worth $79.5M.
- California Public Employees Retirement System added most to Alphabet (Google) Class A in Q4 2017, an estimated $386M increase.
- California Public Employees Retirement System's biggest Q4 2017 reduction was Alphabet (Google) Class C, cutting an estimated $349M.
- California Public Employees Retirement System fully exited CR Bard Inc. in Q4 2017, selling an estimated $61.1M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $74B portfolio in Q4 2017.
- California Public Employees Retirement System opened 69 new positions and closed 96 in Q4 2017.
- California Public Employees Retirement System's portfolio value rose 9.9% quarter-over-quarter to $74B.
Based on California Public Employees Retirement System's 13F filing for Q4 2017, filed 6 Feb 2018.