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 |
Chubb
CB
|
+$42.8M |
| 2 |
Broadcom
AVGO
|
+$35.4M |
| 3 |
Chevron
CVX
|
+$26M |
| 4 |
Weyerhaeuser
WY
|
+$23.4M |
| 5 |
Dentsply Sirona
XRAY
|
+$20.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CB
CHUBB CORPORATION
CB
|
+$93.8M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$83.3M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$79.2M |
| 4 |
Meta Platforms (Facebook)
META
|
+$34.9M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$34.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.29% |
| 2 | Technology | 14.48% |
| 3 | Healthcare | 13.34% |
| 4 | Industrials | 10.9% |
| 5 | Consumer Discretionary | 9.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1426
Insperity
NSP
$1.94B
| $4.1M | 0.01% |
158,644
-26,800
| -14% | -$630K |
|
|
PHX
1427
DELISTED
PHX Minerals
PHX
| $4.1M | 0.01% |
237,000
-14,300
| -6% | -$220K |
|
|
TEP
1428
DELISTED
Tallgrass Energy Partners, LP
TEP
| $4.1M | 0.01% |
106,900
-4,900
| -4% | -$171K |
|
1429
Hilltop Holdings
HTH
$2.24B
| $4.09M | 0.01% |
216,400
+12,200
| +6% | +$206K |
|
1430
PRA Group
PRAA
$706M
| $4.07M | 0.01% |
138,600
-11,816
| -8% | -$340K |
|
|
ATSG
1431
DELISTED
Air Transport Services Group
ATSG
| $4.07M | 0.01% |
264,600
+38,300
| +17% | +$439K |
|
1432
Plexus
PLXS
$7.2B
| $4.07M | 0.01% |
102,852
+200
| +0.2% | +$7.09K |
|
|
AXLL
1433
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $4.06M | 0.01% |
185,700
+17,100
| +10% | +$301K |
|
|
KNGT
1434
DELISTED
KNIGHT TRANSPORTATION INC
KNGT
| $4.05M | 0.01% |
154,900
+2,300
| +2% | +$60.1K |
|
|
QLGC
1435
DELISTED
QLOGIC CORP
QLGC
| $4.04M | 0.01% |
300,900
-40,962
| -12% | -$509K |
|
|
ORBK
1436
DELISTED
Orbotech Ltd
ORBK
| $4.04M | 0.01% |
170,000
-7,100
| -4% | -$154K |
|
|
PNK
1437
DELISTED
Pinnacle Entertainment Inc.
PNK
| $4.04M | 0.01% |
115,056
-4,200
| -4% | -$127K |
|
1438
Kaiser Aluminum
KALU
$3.16B
| $4.04M | 0.01% |
47,730
-900
| -2% | -$70.7K |
|
1439
Interface
TILE
$2.24B
| $4.02M | 0.01% |
216,600
-7,300
| -3% | -$123K |
|
|
ABAX
1440
DELISTED
Abaxis Inc
ABAX
| $4.01M | 0.01% |
88,362
-2,200
| -2% | -$97.8K |
|
|
MINI
1441
DELISTED
Mobile Mini Inc
MINI
| $4.01M | 0.01% |
121,432
-6,200
| -5% | -$175K |
|
1442
Anika Therapeutics
ANIK
$284M
| $4.01M | 0.01% |
89,600
-1,900
| -2% | -$77.1K |
|
1443
Northwest Natural Holdings
NWN
$2.12B
| $4.01M | 0.01% |
74,400
+12,300
| +20% | +$633K |
|
1444
Wolverine World Wide
WWW
$1.49B
| $4M | 0.01% |
217,000
+5,600
| +3% | +$97.5K |
|
|
OSG
1445
Octave Specialty Group
OSG
$205M
| $3.99M | 0.01% |
252,500
+39,600
| +19% | +$573K |
|
1446
Carriage Services
CSV
$534M
| $3.99M | 0.01% |
184,600
-7,300
| -4% | -$156K |
|
1447
TFS Financial
TFSL
$4.83B
| $3.99M | 0.01% |
229,600
-44,600
| -16% | -$762K |
|
|
FNSR
1448
DELISTED
Finisar Corp
FNSR
| $3.98M | 0.01% |
217,900
-13,100
| -6% | -$188K |
|
|
PCH
1449
DELISTED
PotlatchDeltic
PCH
| $3.97M | 0.01% |
126,000
-4,600
| -4% | -$128K |
|
1450
First Merchants
FRME
$2.69B
| $3.96M | 0.01% |
168,179
+37,279
| +28% | +$851K |
|
Similar funds
California Public Employees Retirement System's Q1 2016 Portfolio in Review
As of Q1 2016, California Public Employees Retirement System held 3,700 positions worth $62B, down 1.9% from $63.3B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
California Public Employees Retirement System's Q1 2016 filing shows 73 new, 1,092 increased, 1,697 reduced and 112 closed positions. Its largest new stake was Axalta: 370,700 shares worth $10.8M. The largest sale was CHUBB CORPORATION, an estimated $93.8M.
By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 16% a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System's largest Q1 2016 buy was Axalta: 370,700 shares worth $10.8M.
- California Public Employees Retirement System added most to Chubb in Q1 2016, an estimated $42.8M increase.
- California Public Employees Retirement System's biggest Q1 2016 reduction was Meta Platforms (Facebook), cutting an estimated $34.9M.
- California Public Employees Retirement System fully exited CHUBB CORPORATION in Q1 2016, selling an estimated $93.8M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $62B portfolio in Q1 2016.
- California Public Employees Retirement System opened 73 new positions and closed 112 in Q1 2016.
- California Public Employees Retirement System's portfolio value fell 1.9% quarter-over-quarter to $62B.
Based on California Public Employees Retirement System's 13F filing for Q1 2016, filed 4 May 2016.