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 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$71.8M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$60.7M |
| 3 |
DXC Technology
DXC
|
+$49.4M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$46.6M |
| 5 |
Amazon
AMZN
|
+$46.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$170M |
| 2 |
Zoetis
ZTS
|
+$71.8M |
| 3 |
Yum! Brands
YUM
|
+$65.1M |
| 4 |
Wells Fargo
WFC
|
+$47.6M |
| 5 |
Zimmer Biomet
ZBH
|
+$42.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.91% |
| 2 | Technology | 15.08% |
| 3 | Healthcare | 13.24% |
| 4 | Industrials | 10.88% |
| 5 | Consumer Discretionary | 10.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1251
Mueller Water Products
MWA
$4.16B
| $5.16M | 0.01% |
442,100
+9,900
| +2% | +$114K |
|
1252
Hilltop Holdings
HTH
$2.24B
| $5.16M | 0.01% |
197,000
-13,300
| -6% | -$352K |
|
|
RSPP
1253
DELISTED
RSP Permian, Inc.
RSPP
| $5.16M | 0.01% |
159,800
-4,800
| -3% | -$178K |
|
|
AVNS
1254
DELISTED
Avanos Medical
AVNS
| $5.14M | 0.01% |
130,745
-14,900
| -10% | -$563K |
|
1255
First Merchants
FRME
$2.67B
| $5.13M | 0.01% |
127,879
+2,700
| +2% | +$109K |
|
1256
Opko Health
OPK
$1.02B
| $5.13M | 0.01% |
779,356
+16,900
| +2% | +$118K |
|
1257
Cheesecake Factory
CAKE
$5.33B
| $5.13M | 0.01% |
101,900
+3,200
| +3% | +$189K |
|
|
BRKL
1258
DELISTED
Brookline Bancorp
BRKL
| $5.12M | 0.01% |
350,686
-3,000
| -0.8% | -$43.5K |
|
1259
Merit Medical Systems
MMSI
$5.32B
| $5.12M | 0.01% |
134,200
+14,800
| +12% | +$495K |
|
1260
Enpro
NPO
$7.05B
| $5.1M | 0.01% |
71,500
+200
| +0.3% | +$13.8K |
|
1261
Vipshop
VIPS
$7.53B
| $5.1M | 0.01% |
483,700
+10,500
| +2% | +$137K |
|
1262
Brookdale Senior Living
BKD
$3.4B
| $5.09M | 0.01% |
346,100
+50,000
| +17% | +$691K |
|
1263
Steven Madden
SHOO
$3.55B
| $5.09M | 0.01% |
191,100
+6,150
| +3% | +$156K |
|
|
CVG
1264
DELISTED
Convergys
CVG
| $5.08M | 0.01% |
213,700
+15,300
| +8% | +$356K |
|
|
BWLD
1265
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $5.07M | 0.01% |
40,000
+300
| +0.8% | +$44.8K |
|
1266
Ingevity
NGVT
$2.68B
| $5.05M | 0.01% |
88,033
+6,000
| +7% | +$353K |
|
|
WBMD
1267
DELISTED
WebMD Health Corp.
WBMD
| $5.05M | 0.01% |
86,100
| – | – |
|
1268
Commercial Metals
CMC
$8.31B
| $5.04M | 0.01% |
259,400
+900
| +0.3% | +$16.7K |
|
1269
Home BancShares
HOMB
$6.18B
| $5.03M | 0.01% |
202,000
+15,700
| +8% | +$391K |
|
1270
Sabre
SABR
$835M
| $5.03M | 0.01% |
231,000
+15,700
| +7% | +$358K |
|
1271
WD-40
WDFC
$3.15B
| $5.02M | 0.01% |
45,500
+1,700
| +4% | +$181K |
|
|
BGC
1272
DELISTED
General Cable Corporation
BGC
| $5.02M | 0.01% |
306,900
-5,500
| -2% | -$93K |
|
|
ANAT
1273
DELISTED
American National Group, Inc. Common Stock
ANAT
| $5.02M | 0.01% |
43,061
-1,900
| -4% | -$221K |
|
|
WBT
1274
DELISTED
Welbilt, Inc.
WBT
| $5.01M | 0.01% |
266,000
+12,200
| +5% | +$238K |
|
|
EFOR
1275
Everforth Inc
EFOR
$1.32B
| $5M | 0.01% |
92,400
+9,900
| +12% | +$509K |
|
Similar funds
California Public Employees Retirement System's Q2 2017 Portfolio in Review
As of Q2 2017, California Public Employees Retirement System held 3,462 positions worth $62.5B, up 1.9% from $61.3B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q2 2017: portfolio turnover was 4%. California Public Employees Retirement System opened 57 new positions and exited 83, leaving the 3,462-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 Q2 2017 buy was DXC Technology: 744,634 shares worth $49.4M.
- California Public Employees Retirement System added most to Athene Holding Ltd. Class A Common Shares in Q2 2017, an estimated $71.8M increase.
- California Public Employees Retirement System's biggest Q2 2017 reduction was Zoetis, cutting an estimated $71.8M.
- California Public Employees Retirement System fully exited Yahoo Inc in Q2 2017, selling an estimated $170M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $62.5B portfolio in Q2 2017.
- California Public Employees Retirement System opened 57 new positions and closed 83 in Q2 2017.
- California Public Employees Retirement System's portfolio value rose 1.9% quarter-over-quarter to $62.5B.
Based on California Public Employees Retirement System's 13F filing for Q2 2017, filed 11 Aug 2017.