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 | |
|---|---|---|---|---|---|---|
1351
Blackstone Mortgage Trust
BXMT
$2.39B
| $4.53M | 0.01% |
146,200
-5,800
| -4% | -$179K |
|
|
CCP
1352
DELISTED
Care Capital Properties, Inc.
CCP
| $4.53M | 0.01% |
168,453
-73,775
| -30% | -$1.86M |
|
|
EFII
1353
DELISTED
Electronics for Imaging
EFII
| $4.52M | 0.01% |
92,600
+700
| +0.8% | +$32.2K |
|
|
GHL
1354
DELISTED
Greenhill & Co., Inc.
GHL
| $4.52M | 0.01% |
154,200
-3,500
| -2% | -$102K |
|
1355
FTI Consulting
FCN
$4.17B
| $4.51M | 0.01% |
109,592
-3,800
| -3% | -$158K |
|
1356
Wayfair
W
$14.1B
| $4.51M | 0.01% |
111,300
-4,800
| -4% | -$190K |
|
|
ASNA
1357
DELISTED
Ascena Retail Group, Inc.
ASNA
| $4.5M | 0.01% |
52,878
+7,440
| +16% | +$715K |
|
1358
California Water Service
CWT
$3.06B
| $4.5M | 0.01% |
125,582
-2,000
| -2% | -$69.2K |
|
1359
Carpenter Technology
CRS
$27.8B
| $4.5M | 0.01% |
120,500
-4,700
| -4% | -$183K |
|
1360
LiveRamp
RAMP
$2.3B
| $4.49M | 0.01% |
157,700
-700
| -0.4% | -$19.5K |
|
1361
Otter Tail
OTTR
$3.88B
| $4.48M | 0.01% |
118,200
-3,400
| -3% | -$129K |
|
|
HSNI
1362
DELISTED
HSN, Inc.
HSNI
| $4.47M | 0.01% |
120,500
+14,100
| +13% | +$505K |
|
1363
Helix Energy Solutions
HLX
$1.47B
| $4.47M | 0.01% |
575,323
-220,500
| -28% | -$1.77M |
|
1364
Coherent
COHR
$63.6B
| $4.46M | 0.01% |
123,700
-4,600
| -4% | -$162K |
|
|
HZNP
1365
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $4.45M | 0.01% |
301,200
-13,000
| -4% | -$211K |
|
1366
Strategy Inc
MSTR
$37.4B
| $4.45M | 0.01% |
237,000
-33,000
| -12% | -$640K |
|
1367
Fossil Group
FOSL
$317M
| $4.45M | 0.01% |
254,800
+39,000
| +18% | +$827K |
|
|
CAA
1368
DELISTED
CalAtlantic Group, Inc.
CAA
| $4.44M | 0.01% |
118,624
-4,300
| -3% | -$152K |
|
1369
Columbia Banking Systems
COLB
$8.84B
| $4.44M | 0.01% |
113,800
+8,200
| +8% | +$330K |
|
1370
Westamerica Bancorp
WABC
$1.35B
| $4.43M | 0.01% |
79,444
-200
| -0.3% | -$11.5K |
|
1371
Middlesex Water
MSEX
$1.09B
| $4.43M | 0.01% |
120,000
-19,300
| -14% | -$721K |
|
1372
Semtech
SMTC
$12.2B
| $4.43M | 0.01% |
131,100
-4,800
| -4% | -$161K |
|
1373
City Holding Co
CHCO
$2.04B
| $4.42M | 0.01% |
68,604
-2,700
| -4% | -$177K |
|
1374
Axos Financial
AX
$5.63B
| $4.41M | 0.01% |
168,900
-9,400
| -5% | -$272K |
|
1375
US Foods
USFD
$23.9B
| $4.41M | 0.01% |
157,500
+15,400
| +11% | +$418K |
|
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.