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 | |
|---|---|---|---|---|---|---|
|
FSP
1376
Franklin Street Properties
FSP
$45.3M
| $4.4M | 0.01% |
362,293
-19,500
| -5% | -$242K |
|
1377
Werner Enterprises
WERN
$2.2B
| $4.4M | 0.01% |
167,800
-1,500
| -0.9% | -$40.9K |
|
1378
Commault Systems
CVLT
$5.78B
| $4.39M | 0.01% |
86,500
-3,900
| -4% | -$199K |
|
1379
Dynagas LNG Partners
DLNG
$140M
| $4.39M | 0.01% |
249,400
-10,800
| -4% | -$180K |
|
1380
Allegiant Air
ALGT
$2.41B
| $4.39M | 0.01% |
27,400
-700
| -2% | -$118K |
|
1381
Nektar Therapeutics
NKTR
$2.53B
| $4.38M | 0.01% |
12,453
-540
| -4% | -$121K |
|
1382
PRA Group
PRAA
$723M
| $4.37M | 0.01% |
131,900
-4,000
| -3% | -$150K |
|
1383
FerroAtlántica
GSM
$865M
| $4.37M | 0.01% |
422,700
-18,200
| -4% | -$192K |
|
1384
ePlus
PLUS
$2.35B
| $4.36M | 0.01% |
129,200
-6,800
| -5% | -$208K |
|
1385
Ubiquiti
UI
$34.5B
| $4.35M | 0.01% |
86,600
-2,100
| -2% | -$115K |
|
1386
Monro
MNRO
$368M
| $4.35M | 0.01% |
83,500
-3,000
| -3% | -$170K |
|
1387
Watts Water Technologies
WTS
$12.8B
| $4.35M | 0.01% |
69,700
-2,000
| -3% | -$127K |
|
|
SYKE
1388
DELISTED
SYKES Enterprises Inc
SYKE
| $4.34M | 0.01% |
147,665
-300
| -0.2% | -$8.55K |
|
|
WAGE
1389
DELISTED
WageWorks, Inc.
WAGE
| $4.34M | 0.01% |
60,000
-1,900
| -3% | -$141K |
|
|
ENDP
1390
DELISTED
Endo International plc
ENDP
| $4.33M | 0.01% |
388,200
-16,700
| -4% | -$207K |
|
1391
Essent Group
ESNT
$6.23B
| $4.33M | 0.01% |
119,700
+7,700
| +7% | +$267K |
|
|
RRD
1392
DELISTED
RR Donnelley & Sons Co.
RRD
| $4.31M | 0.01% |
356,000
+34,400
| +11% | +$549K |
|
1393
Mueller Industries
MLI
$15.2B
| $4.31M | 0.01% |
503,200
-52,000
| -9% | -$506K |
|
|
B
1394
DELISTED
Barnes Group Inc.
B
| $4.3M | 0.01% |
83,700
-2,700
| -3% | -$132K |
|
1395
Designer Brands
DBI
$334M
| $4.29M | 0.01% |
207,400
+27,800
| +15% | +$577K |
|
|
MNDT
1396
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $4.29M | 0.01% |
340,100
-14,700
| -4% | -$175K |
|
|
GES
1397
DELISTED
Guess Inc
GES
| $4.29M | 0.01% |
384,534
+44,500
| +13% | +$547K |
|
1398
Perdoceo Education
PRDO
$1.97B
| $4.26M | 0.01% |
489,458
-70,900
| -13% | -$651K |
|
1399
ABM Industries
ABM
$2.81B
| $4.25M | 0.01% |
97,600
-1,400
| -1% | -$57.9K |
|
|
XHR
1400
Xenia Hotels & Resorts
XHR
$1.74B
| $4.25M | 0.01% |
249,000
+18,600
| +8% | +$334K |
|
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.