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 | |
|---|---|---|---|---|---|---|
|
CZZ
1251
DELISTED
Cosan Limited
CZZ
| $5.17M | 0.01% |
605,100
-137,900
| -19% | -$1.16M |
|
|
AAN.A
1252
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $5.16M | 0.01% |
173,600
+800
| +0.5% | +$23.8K |
|
1253
HNI Corp
HNI
$3.54B
| $5.16M | 0.01% |
111,900
-11,600
| -9% | -$558K |
|
|
GNCMA
1254
DELISTED
GCI Liberty, Inc. Class A-1 Common Stock
GNCMA
| $5.11M | 0.01% |
245,873
+4,600
| +2% | +$92.3K |
|
|
DCP
1255
DELISTED
DCP Midstream, LP
DCP
| $5.11M | 0.01% |
130,300
-1,600
| -1% | -$61.9K |
|
1256
Mueller Water Products
MWA
$4.07B
| $5.11M | 0.01% |
432,200
-44,700
| -9% | -$567K |
|
1257
Deckers Outdoor
DECK
$13.3B
| $5.11M | 0.01% |
513,000
-22,200
| -4% | -$205K |
|
1258
Integra LifeSciences
IART
$1.33B
| $5.11M | 0.01% |
121,200
-5,400
| -4% | -$231K |
|
1259
Selective Insurance
SIGI
$5.66B
| $5.1M | 0.01% |
108,200
-11,300
| -9% | -$503K |
|
1260
Booz Allen Hamilton
BAH
$9.37B
| $5.1M | 0.01% |
144,100
+9,800
| +7% | +$350K |
|
1261
Provident Financial Services
PFS
$3.17B
| $5.1M | 0.01% |
197,173
-1,700
| -0.9% | -$45.1K |
|
1262
First Industrial Realty Trust
FR
$8.36B
| $5.09M | 0.01% |
191,344
-28,100
| -13% | -$752K |
|
|
GRUB
1263
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $5.09M | 0.01% |
77,350
-3,350
| -4% | -$247K |
|
1264
Insperity
NSP
$1.96B
| $5.08M | 0.01% |
114,644
-7,200
| -6% | -$286K |
|
|
CRZO
1265
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $5.08M | 0.01% |
177,200
-7,700
| -4% | -$253K |
|
1266
W&T Offshore
WTI
$577M
| $5.08M | 0.01% |
1,832,967
-180,200
| -9% | -$518K |
|
1267
Hyatt Hotels
H
$16B
| $5.07M | 0.01% |
94,000
-2,700
| -3% | -$145K |
|
1268
Enpro
NPO
$7.04B
| $5.07M | 0.01% |
71,300
-3,600
| -5% | -$239K |
|
1269
Acadia Pharmaceuticals
ACAD
$5.06B
| $5.06M | 0.01% |
147,100
-6,400
| -4% | -$226K |
|
|
FMBI
1270
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $5.05M | 0.01% |
213,400
-8,200
| -4% | -$199K |
|
|
DGI
1271
DELISTED
DigitalGlobe Inc.
DGI
| $5.05M | 0.01% |
154,300
-12,900
| -8% | -$394K |
|
|
SUM
1272
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $5.05M | 0.01% |
+210,785
| New | +$4.95M |
|
1273
Home BancShares
HOMB
$6.17B
| $5.04M | 0.01% |
186,300
-800
| -0.4% | -$22K |
|
1274
KB Home
KBH
$3.47B
| $5.04M | 0.01% |
253,500
-10,600
| -4% | -$185K |
|
|
QCP
1275
DELISTED
Quality Care Properties, Inc.
QCP
| $5.03M | 0.01% |
266,492
+50,200
| +23% | +$892K |
|
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.