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 |
Alphabet (Google) Class A
GOOGL
|
+$386M |
| 2 |
Amazon
AMZN
|
+$108M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$96.6M |
| 4 |
Unilever
UL
|
+$80.9M |
| 5 |
Alibaba
BABA
|
+$80.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$349M |
| 2 |
BCR
CR Bard Inc.
BCR
|
+$61.1M |
| 3 |
Apple
AAPL
|
+$37.1M |
| 4 |
LVLT
Level 3 Communications Inc
LVLT
|
+$32.4M |
| 5 |
BRCD
Brocade Communications Systems, Inc. NEW
BRCD
|
+$17.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.92% |
| 2 | Technology | 15.57% |
| 3 | Healthcare | 12.62% |
| 4 | Industrials | 10.77% |
| 5 | Consumer Discretionary | 10.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DCH
1476
Dauch Corp
DCH
$1.58B
| $4.22M | 0.01% |
247,668
+2,931
| +1% | +$51.9K |
|
|
EDR
1477
DELISTED
Education Realty Trust Inc
EDR
| $4.2M | 0.01% |
120,308
+4,839
| +4% | +$174K |
|
1478
Interface
TILE
$2.18B
| $4.2M | 0.01% |
166,991
+12,991
| +8% | +$304K |
|
|
SCS
1479
DELISTED
Steelcase
SCS
| $4.19M | 0.01% |
275,740
+32,948
| +14% | +$484K |
|
|
TCS
1480
DELISTED
THE CONTAINER STORE GROUP, INC.
TCS
| $4.18M | 0.01% |
58,760
+145
| +0.2% | +$10.5K |
|
1481
FS KKR Capital
FSK
$3.37B
| $4.17M | 0.01% |
141,675
+6,825
| +5% | +$219K |
|
1482
Buckle
BKE
$2.4B
| $4.16M | 0.01% |
175,248
+14,950
| +9% | +$295K |
|
1483
Paycom
PAYC
$9.62B
| $4.16M | 0.01% |
51,764
+8,068
| +18% | +$645K |
|
1484
Halozyme
HALO
$12.2B
| $4.15M | 0.01% |
204,800
+7,100
| +4% | +$131K |
|
|
PHX
1485
DELISTED
PHX Minerals
PHX
| $4.12M | 0.01% |
200,400
| – | – |
|
|
TBI
1486
Trueblue
TBI
$323M
| $4.12M | 0.01% |
149,716
+8,872
| +6% | +$235K |
|
1487
Unisys
UIS
$211M
| $4.1M | 0.01% |
503,562
+42,965
| +9% | +$352K |
|
1488
Anika Therapeutics
ANIK
$277M
| $4.1M | 0.01% |
76,111
+976
| +1% | +$54K |
|
1489
Stride
LRN
$3.33B
| $4.09M | 0.01% |
257,074
| – | – |
|
|
BBT
1490
Beacon Financial Corp
BBT
$2.66B
| $4.08M | 0.01% |
111,492
-1,284
| -1% | -$48.9K |
|
1491
Azenta
AZTA
$1.54B
| $4.07M | 0.01% |
170,603
+2,062
| +1% | +$58.6K |
|
|
CCT
1492
DELISTED
Corporate Capital Trust, Inc.
CCT
| $4.06M | 0.01% |
+253,836
| New | +$4.45M |
|
|
MTL
1493
DELISTED
Mechel PAO American Depository Shares, each representing two ordinary shares (ADSs)
MTL
| $4.04M | 0.01% |
768,568
-523,852
| -41% | -$2.53M |
|
1494
Helix Energy Solutions
HLX
$1.47B
| $4.03M | 0.01% |
534,357
+11,484
| +2% | +$81.2K |
|
1495
Modine Manufacturing
MOD
$10.1B
| $4.02M | 0.01% |
199,041
-14,272
| -7% | -$307K |
|
|
MTGE
1496
DELISTED
MTGE Investment Corp. Common Stock
MTGE
| $4.01M | 0.01% |
216,525
+864
| +0.4% | +$16.2K |
|
1497
Liberty Media Series A
FWONA
$23.5B
| $4M | 0.01% |
127,660
+82,878
| +185% | +$2.83M |
|
|
FIT
1498
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $4M | 0.01% |
699,700
+7,700
| +1% | +$49K |
|
1499
VEON
VEON
$3.87B
| $3.99M | 0.01% |
41,592
| – | – |
|
|
SEM
1500
DELISTED
Select Medical
SEM
| $3.99M | 0.01% |
419,450
-31,358
| -7% | -$300K |
|
Similar funds
California Public Employees Retirement System's Q4 2017 Portfolio in Review
As of Q4 2017, California Public Employees Retirement System held 3,413 positions worth $74B, up 9.9% from $67.3B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System deployed $2.61B of net new capital in Q4 2017, opening 69 new positions and adding to 1,867 existing holdings. Its largest new stake was Unilever: 1,276,444 shares worth $79.5M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Alphabet (Google) Class C, an estimated $349M trimmed.
- California Public Employees Retirement System's largest Q4 2017 buy was Unilever: 1,276,444 shares worth $79.5M.
- California Public Employees Retirement System added most to Alphabet (Google) Class A in Q4 2017, an estimated $386M increase.
- California Public Employees Retirement System's biggest Q4 2017 reduction was Alphabet (Google) Class C, cutting an estimated $349M.
- California Public Employees Retirement System fully exited CR Bard Inc. in Q4 2017, selling an estimated $61.1M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $74B portfolio in Q4 2017.
- California Public Employees Retirement System opened 69 new positions and closed 96 in Q4 2017.
- California Public Employees Retirement System's portfolio value rose 9.9% quarter-over-quarter to $74B.
Based on California Public Employees Retirement System's 13F filing for Q4 2017, filed 6 Feb 2018.