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 |
DuPont de Nemours
DD
|
+$168M |
| 2 |
Microsoft
MSFT
|
+$95.5M |
| 3 |
Apple
AAPL
|
+$66.8M |
| 4 |
Meta Platforms (Facebook)
META
|
+$60.2M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$57.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DD
Du Pont De Nemours E I
DD
|
+$173M |
| 2 |
BHI
Baker Hughes
BHI
|
+$56.5M |
| 3 |
Synchrony
SYF
|
+$38.8M |
| 4 |
Alibaba
BABA
|
+$36.3M |
| 5 |
WFM
Whole Foods Market Inc
WFM
|
+$35M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.95% |
| 2 | Technology | 15.54% |
| 3 | Healthcare | 13.07% |
| 4 | Industrials | 10.95% |
| 5 | Consumer Discretionary | 9.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1376
Westamerica Bancorp
WABC
$1.35B
| $4.61M | 0.01% |
77,471
+327
| +0.4% | +$17.6K |
|
1377
CVR Energy
CVI
$3.26B
| $4.61M | 0.01% |
177,859
-6,941
| -4% | -$148K |
|
1378
Scholastic
SCHL
$807M
| $4.6M | 0.01% |
123,630
+430
| +0.3% | +$17.2K |
|
1379
Monro
MNRO
$368M
| $4.6M | 0.01% |
81,991
-1,109
| -1% | -$52.1K |
|
1380
Stride
LRN
$3.33B
| $4.59M | 0.01% |
257,074
-8,126
| -3% | -$144K |
|
|
SYKE
1381
DELISTED
SYKES Enterprises Inc
SYKE
| $4.58M | 0.01% |
157,252
+8,687
| +6% | +$257K |
|
|
CAA
1382
DELISTED
CalAtlantic Group, Inc.
CAA
| $4.58M | 0.01% |
124,913
+3,989
| +3% | +$142K |
|
1383
Ormat Technologies
ORA
$6.87B
| $4.57M | 0.01% |
74,862
+8,462
| +13% | +$488K |
|
1384
Cars.com
CARS
$653M
| $4.57M | 0.01% |
171,632
+2,100
| +1% | +$53.3K |
|
1385
Urban Edge Properties
UE
$2.75B
| $4.57M | 0.01% |
189,352
+3,196
| +2% | +$79.3K |
|
1386
Spectrum Brands
SPB
$2.02B
| $4.56M | 0.01% |
43,041
+541
| +1% | +$60.8K |
|
1387
FS KKR Capital
FSK
$3.37B
| $4.56M | 0.01% |
134,850
+12,475
| +10% | +$429K |
|
|
AFSI
1388
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $4.55M | 0.01% |
338,200
-7,460
| -2% | -$105K |
|
|
VRNT
1389
DELISTED
Verint Systems
VRNT
| $4.54M | 0.01% |
213,086
+1,082
| +0.5% | +$21.8K |
|
|
INXN
1390
DELISTED
Interxion Holding N.V.
INXN
| $4.54M | 0.01% |
89,091
+18,591
| +26% | +$908K |
|
|
RAVN
1391
DELISTED
Raven Industries Inc
RAVN
| $4.53M | 0.01% |
139,872
+13,472
| +11% | +$435K |
|
|
PSXP
1392
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
| $4.53M | 0.01% |
86,116
+2,416
| +3% | +$118K |
|
1393
Tronox
TROX
$993M
| $4.52M | 0.01% |
214,392
-57,308
| -21% | -$1.14M |
|
1394
Nelnet
NNI
$4.53B
| $4.52M | 0.01% |
89,457
+157
| +0.2% | +$7.53K |
|
1395
Haemonetics
HAE
$3.94B
| $4.51M | 0.01% |
100,558
+8,458
| +9% | +$351K |
|
1396
Adtran
ADTN
$622M
| $4.51M | 0.01% |
187,914
+8,814
| +5% | +$195K |
|
1397
Nexstar Media Group
NXST
$5.91B
| $4.51M | 0.01% |
72,325
-1,486
| -2% | -$91.7K |
|
1398
STAG Industrial
STAG
$7.09B
| $4.51M | 0.01% |
164,024
+9,124
| +6% | +$252K |
|
1399
Genesis Energy
GEL
$1.9B
| $4.5M | 0.01% |
170,960
+3,760
| +2% | +$107K |
|
1400
Saia
SAIA
$9.49B
| $4.5M | 0.01% |
71,819
+3,219
| +5% | +$177K |
|
Similar funds
California Public Employees Retirement System's Q3 2017 Portfolio in Review
As of Q3 2017, California Public Employees Retirement System held 3,426 positions worth $67.3B, up 7.7% from $62.5B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System deployed $2.04B of net new capital in Q3 2017, opening 47 new positions and adding to 1,907 existing holdings. Its largest new stake was Baker Hughes: 919,818 shares worth $33.7M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Synchrony, an estimated $38.8M trimmed.
- California Public Employees Retirement System's largest Q3 2017 buy was Baker Hughes: 919,818 shares worth $33.7M.
- California Public Employees Retirement System added most to DuPont de Nemours in Q3 2017, an estimated $168M increase.
- California Public Employees Retirement System's biggest Q3 2017 reduction was Synchrony, cutting an estimated $38.8M.
- California Public Employees Retirement System fully exited Du Pont De Nemours E I in Q3 2017, selling an estimated $173M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $67.3B portfolio in Q3 2017.
- California Public Employees Retirement System opened 47 new positions and closed 81 in Q3 2017.
- California Public Employees Retirement System's portfolio value rose 7.7% quarter-over-quarter to $67.3B.
Based on California Public Employees Retirement System's 13F filing for Q3 2017, filed 15 Nov 2017.