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 | |
|---|---|---|---|---|---|---|
|
NAV
1201
DELISTED
Navistar International
NAV
| $5.61M | 0.01% |
227,700
-66,100
| -22% | -$1.82M |
|
1202
Element Solutions
ESI
$9.2B
| $5.59M | 0.01% |
429,400
+353,000
| +462% | +$4.34M |
|
|
CTLT
1203
DELISTED
CATALENT, INC.
CTLT
| $5.56M | 0.01% |
196,400
-8,500
| -4% | -$238K |
|
1204
New York Times
NYT
$10.5B
| $5.56M | 0.01% |
385,878
-2,500
| -0.6% | -$35.7K |
|
|
HPP
1205
Hudson Pacific Properties
HPP
$749M
| $5.55M | 0.01% |
22,900
+1,300
| +6% | +$320K |
|
|
AVNS
1206
DELISTED
Avanos Medical
AVNS
| $5.55M | 0.01% |
145,645
-14,400
| -9% | -$561K |
|
|
XYZ
1207
Block Inc
XYZ
$47.7B
| $5.54M | 0.01% |
320,600
+267,800
| +507% | +$4.19M |
|
1208
Texas Pacific Land
TPL
$24.2B
| $5.54M | 0.01% |
178,200
+17,100
| +11% | +$575K |
|
|
MGLN
1209
DELISTED
Magellan Health Services, Inc.
MGLN
| $5.54M | 0.01% |
80,200
-4,400
| -5% | -$321K |
|
|
BRKL
1210
DELISTED
Brookline Bancorp
BRKL
| $5.54M | 0.01% |
353,686
-4,000
| -1% | -$63K |
|
1211
Itron
ITRI
$4.52B
| $5.51M | 0.01% |
90,800
-17,668
| -16% | -$1.1M |
|
1212
Dorman Products
DORM
$3.94B
| $5.51M | 0.01% |
67,100
-2,200
| -3% | -$163K |
|
|
CZR
1213
DELISTED
Caesars Entertainment Corporation
CZR
| $5.5M | 0.01% |
576,100
+44,200
| +8% | +$404K |
|
1214
Enviri
NVRI
$615M
| $5.5M | 0.01% |
431,053
-67,600
| -14% | -$903K |
|
1215
First Citizens BancShares
FCNCA
$25.4B
| $5.49M | 0.01% |
16,376
-700
| -4% | -$248K |
|
1216
Stride
LRN
$3.34B
| $5.48M | 0.01% |
286,100
-18,500
| -6% | -$335K |
|
1217
MKS Inc
MKSI
$20.1B
| $5.48M | 0.01% |
79,700
-3,300
| -4% | -$217K |
|
|
CYS
1218
DELISTED
CYS Investments Inc.
CYS
| $5.47M | 0.01% |
687,500
-400
| -0.1% | -$3.13K |
|
|
BBG
1219
DELISTED
Bill Barrett Corp
BBG
| $5.46M | 0.01% |
1,200,600
-214,900
| -15% | -$1.25M |
|
|
RDC
1220
DELISTED
Rowan Companies Plc
RDC
| $5.45M | 0.01% |
349,600
-22,200
| -6% | -$391K |
|
|
HA
1221
DELISTED
Hawaiian Holdings, Inc.
HA
| $5.44M | 0.01% |
117,200
+1,800
| +2% | +$92.1K |
|
1222
Oil States International
OIS
$532M
| $5.44M | 0.01% |
164,100
-17,800
| -10% | -$653K |
|
|
BMCH
1223
DELISTED
BMC Stock Holdings, Inc
BMCH
| $5.43M | 0.01% |
240,300
-3,800
| -2% | -$77K |
|
1224
Blackbaud
BLKB
$2.09B
| $5.43M | 0.01% |
70,800
+2,200
| +3% | +$156K |
|
|
P
1225
DELISTED
Pandora Media Inc
P
| $5.41M | 0.01% |
458,300
-19,800
| -4% | -$249K |
|
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.