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 | |
|---|---|---|---|---|---|---|
1451
Pricesmart
PSMT
$5.21B
| $3.92M | 0.01% |
42,500
+300
| +0.7% | +$26.3K |
|
|
PGEM
1452
DELISTED
Ply Gem Holdings, Inc.
PGEM
| $3.91M | 0.01% |
198,600
-8,600
| -4% | -$151K |
|
1453
Puma Biotechnology
PBYI
$442M
| $3.9M | 0.01% |
104,900
-4,600
| -4% | -$168K |
|
|
BRS
1454
DELISTED
Bristow Group, Inc.
BRS
| $3.89M | 0.01% |
255,800
+1,300
| +0.5% | +$21.9K |
|
|
DENN
1455
DELISTED
Denny's
DENN
| $3.89M | 0.01% |
314,500
-10,400
| -3% | -$129K |
|
1456
STAG Industrial
STAG
$7.09B
| $3.88M | 0.01% |
155,000
-7,900
| -5% | -$193K |
|
|
CBM
1457
DELISTED
Cambrex Corporation
CBM
| $3.88M | 0.01% |
70,400
-8,300
| -11% | -$443K |
|
|
STL
1458
DELISTED
Sterling Bancorp
STL
| $3.87M | 0.01% |
163,400
+7,700
| +5% | +$185K |
|
|
BPFH
1459
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $3.87M | 0.01% |
235,900
-600
| -0.3% | -$9.99K |
|
1460
World Acceptance Corp
WRLD
$871M
| $3.87M | 0.01% |
74,700
-8,400
| -10% | -$451K |
|
|
TEP
1461
DELISTED
Tallgrass Energy Partners, LP
TEP
| $3.86M | 0.01% |
72,500
-2,800
| -4% | -$143K |
|
1462
Ironwood Pharmaceuticals
IRWD
$669M
| $3.85M | 0.01% |
269,128
-11,104
| -4% | -$152K |
|
|
TGE
1463
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $3.85M | 0.01% |
133,700
-5,800
| -4% | -$159K |
|
1464
HealthEquity
HQY
$8.93B
| $3.83M | 0.01% |
+90,200
| New | +$3.99M |
|
1465
Lesaka Technologies
LSAK
$402M
| $3.83M | 0.01% |
312,900
+3,700
| +1% | +$46.5K |
|
|
MTGE
1466
DELISTED
MTGE Investment Corp. Common Stock
MTGE
| $3.82M | 0.01% |
228,300
+6,200
| +3% | +$101K |
|
1467
REX American Resources
REX
$1.43B
| $3.82M | 0.01% |
253,200
-7,200
| -3% | -$102K |
|
|
ATW
1468
DELISTED
Atwood Oceanics
ATW
| $3.81M | 0.01% |
400,100
-31,100
| -7% | -$347K |
|
1469
Adtran
ADTN
$622M
| $3.8M | 0.01% |
183,100
-4,600
| -2% | -$99.8K |
|
1470
Ormat Technologies
ORA
$6.87B
| $3.8M | 0.01% |
66,500
-1,200
| -2% | -$66.5K |
|
|
EMES
1471
DELISTED
Emerge Energy Services LP
EMES
| $3.8M | 0.01% |
274,100
-9,700
| -3% | -$156K |
|
1472
ICU Medical
ICUI
$4.56B
| $3.79M | 0.01% |
24,800
-2,000
| -7% | -$292K |
|
|
ALEX
1473
DELISTED
Alexander & Baldwin
ALEX
| $3.78M | 0.01% |
85,000
-200
| -0.2% | -$8.86K |
|
1474
SPX Corp
SPXC
$10.6B
| $3.78M | 0.01% |
155,905
-34,600
| -18% | -$857K |
|
1475
Towne Bank
TOWN
$3.4B
| $3.78M | 0.01% |
116,693
-4,500
| -4% | -$146K |
|
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.