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 | |
|---|---|---|---|---|---|---|
1251
Watts Water Technologies
WTS
$12.9B
| $6.01M | 0.01% |
79,096
+1,936
| +3% | +$138K |
|
1252
CVR Energy
CVI
$3.26B
| $5.99M | 0.01% |
160,864
-16,995
| -10% | -$529K |
|
1253
Power Integrations
POWI
$3.48B
| $5.99M | 0.01% |
162,740
-368
| -0.2% | -$14K |
|
1254
Northwest Bancshares
NWBI
$2.25B
| $5.98M | 0.01% |
357,427
+25,722
| +8% | +$433K |
|
1255
Plains GP Holdings
PAGP
$4.95B
| $5.97M | 0.01% |
272,092
+35,824
| +15% | +$754K |
|
|
HA
1256
DELISTED
Hawaiian Holdings, Inc.
HA
| $5.97M | 0.01% |
149,817
+15,369
| +11% | +$591K |
|
1257
Tanger
SKT
$4.43B
| $5.96M | 0.01% |
224,911
+5,363
| +2% | +$133K |
|
1258
American States Water
AWR
$3.42B
| $5.95M | 0.01% |
102,680
+4,599
| +5% | +$252K |
|
1259
MBIA
MBI
$259M
| $5.93M | 0.01% |
810,440
+27,601
| +4% | +$215K |
|
1260
MillerKnoll
MLKN
$1.63B
| $5.93M | 0.01% |
148,122
+10,066
| +7% | +$353K |
|
|
CYS
1261
DELISTED
CYS Investments Inc.
CYS
| $5.93M | 0.01% |
738,601
+57,842
| +8% | +$478K |
|
|
NUVA
1262
DELISTED
NuVasive, Inc.
NUVA
| $5.92M | 0.01% |
101,289
-2,426
| -2% | -$138K |
|
1263
Benchmark Electronics
BHE
$2.96B
| $5.92M | 0.01% |
203,548
-14,878
| -7% | -$464K |
|
1264
Essent Group
ESNT
$6.27B
| $5.92M | 0.01% |
136,228
-6,441
| -5% | -$281K |
|
|
SWN
1265
DELISTED
Southwestern Energy Company
SWN
| $5.9M | 0.01% |
1,057,536
-7,486
| -0.7% | -$43.5K |
|
|
AVNS
1266
DELISTED
Avanos Medical
AVNS
| $5.9M | 0.01% |
127,771
+667
| +0.5% | +$30.7K |
|
|
SPN
1267
DELISTED
Superior Energy Services, Inc.
SPN
| $5.9M | 0.01% |
61,270
+4,392
| +8% | +$408K |
|
1268
Herc Holdings
HRI
$5.64B
| $5.9M | 0.01% |
94,193
-14,358
| -13% | -$791K |
|
1269
Black Hills Corp
BKH
$5.61B
| $5.89M | 0.01% |
98,011
-317
| -0.3% | -$19.6K |
|
1270
Designer Brands
DBI
$335M
| $5.89M | 0.01% |
275,059
+37,442
| +16% | +$769K |
|
1271
Mueller Water Products
MWA
$4.08B
| $5.88M | 0.01% |
468,855
+13,007
| +3% | +$160K |
|
1272
Acadia Healthcare
ACHC
$2.97B
| $5.87M | 0.01% |
179,800
+41,500
| +30% | +$1.44M |
|
1273
Franklin Electric
FELE
$4.77B
| $5.86M | 0.01% |
127,664
+1,807
| +1% | +$81.6K |
|
|
BBG
1274
DELISTED
Bill Barrett Corp
BBG
| $5.86M | 0.01% |
1,141,577
-66,091
| -5% | -$338K |
|
1275
Energizer
ENR
$1.5B
| $5.84M | 0.01% |
121,800
+3,800
| +3% | +$175K |
|
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.