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 | |
|---|---|---|---|---|---|---|
1401
LCI Industries
LCII
$2.55B
| $4.24M | 0.01% |
42,500
-5,400
| -11% | -$581K |
|
|
SOHU
1402
Sohu.com
SOHU
$376M
| $4.23M | 0.01% |
107,600
+10,100
| +10% | +$405K |
|
1403
Metallus
MTUS
$900M
| $4.23M | 0.01% |
223,500
-47,800
| -18% | -$850K |
|
|
SNBR
1404
DELISTED
Sleep Number
SNBR
| $4.22M | 0.01% |
170,400
-800
| -0.5% | -$17.9K |
|
|
BWP
1405
DELISTED
Boardwalk Pipeline Partners
BWP
| $4.21M | 0.01% |
230,100
-3,600
| -2% | -$65.6K |
|
|
PSXP
1406
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
| $4.21M | 0.01% |
+82,000
| New | +$4.37M |
|
1407
Caleres
CAL
$486M
| $4.21M | 0.01% |
159,250
+800
| +0.5% | +$24.1K |
|
|
CVG
1408
DELISTED
Convergys
CVG
| $4.2M | 0.01% |
198,400
-68,200
| -26% | -$1.6M |
|
|
ECOL
1409
DELISTED
US Ecology, Inc.
ECOL
| $4.18M | 0.01% |
89,300
-2,600
| -3% | -$130K |
|
|
SPWR
1410
DELISTED
SunPower Corporation Common Stock
SPWR
| $4.17M | 0.01% |
1,043,705
+26,265
| +3% | +$123K |
|
1411
MGE Energy Inc
MGEE
$3.04B
| $4.17M | 0.01% |
64,100
-100
| -0.2% | -$6.33K |
|
1412
Repligen
RGEN
$9.21B
| $4.15M | 0.01% |
118,000
-5,100
| -4% | -$161K |
|
1413
Encompass Health
EHC
$12.5B
| $4.15M | 0.01% |
121,929
-8,171
| -6% | -$268K |
|
|
SCS
1414
DELISTED
Steelcase
SCS
| $4.15M | 0.01% |
247,800
+1,100
| +0.4% | +$18.2K |
|
1415
Quad
QUAD
$507M
| $4.14M | 0.01% |
164,200
-44,800
| -21% | -$1.15M |
|
1416
CVR Energy
CVI
$3.26B
| $4.14M | 0.01% |
206,300
+19,400
| +10% | +$427K |
|
1417
Knowles
KN
$3.27B
| $4.14M | 0.01% |
218,506
-40,600
| -16% | -$742K |
|
|
AF
1418
DELISTED
Astoria Financial Corporation
AF
| $4.14M | 0.01% |
201,774
-4,400
| -2% | -$85K |
|
1419
Group 1 Automotive
GPI
$3.16B
| $4.13M | 0.01% |
55,800
-300
| -0.5% | -$23.5K |
|
1420
Five Below
FIVE
$13B
| $4.13M | 0.01% |
95,400
-6,000
| -6% | -$238K |
|
|
EXAS
1421
DELISTED
Exact Sciences
EXAS
| $4.13M | 0.01% |
174,800
-7,600
| -4% | -$151K |
|
1422
TriMas Corp
TRS
$1.43B
| $4.12M | 0.01% |
198,600
-8,600
| -4% | -$189K |
|
1423
International Bancshares
IBOC
$4.53B
| $4.12M | 0.01% |
116,380
-400
| -0.3% | -$15.1K |
|
1424
Penske Automotive Group
PAG
$14.2B
| $4.12M | 0.01% |
88,000
-3,000
| -3% | -$153K |
|
1425
Main Street Capital
MAIN
$5.44B
| $4.11M | 0.01% |
107,500
+94,800
| +746% | +$3.5M |
|
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.