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 | |
|---|---|---|---|---|---|---|
|
HPP
1526
Hudson Pacific Properties
HPP
$758M
| $3.5M | 0.01% |
17,286
-914
| -5% | -$166K |
|
|
WMGI
1527
DELISTED
Wright Medical Group Inc
WMGI
| $3.5M | 0.01% |
210,540
-12,200
| -5% | -$226K |
|
1528
Forward Air
FWRD
$637M
| $3.48M | 0.01% |
76,844
-1,000
| -1% | -$42.1K |
|
1529
Lumentum
LITE
$72.1B
| $3.48M | 0.01% |
129,000
-10,920
| -8% | -$252K |
|
1530
Tronox
TROX
$969M
| $3.48M | 0.01% |
544,000
+237,800
| +78% | +$1.06M |
|
|
ROIC
1531
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $3.48M | 0.01% |
172,700
-7,400
| -4% | -$137K |
|
|
HEP
1532
DELISTED
Holly Energy Partners, L.P.
HEP
| $3.47M | 0.01% |
102,677
-5,000
| -5% | -$142K |
|
1533
Heartland Express
HTLD
$943M
| $3.46M | 0.01% |
186,600
-4,000
| -2% | -$71.9K |
|
1534
Gran Tierra Energy
GTE
$335M
| $3.45M | 0.01% |
139,550
-105,710
| -43% | -$2.45M |
|
1535
Haemonetics
HAE
$4.04B
| $3.45M | 0.01% |
98,500
+3,200
| +3% | +$103K |
|
1536
Darling Ingredients
DAR
$9.91B
| $3.44M | 0.01% |
261,500
-29,600
| -10% | -$298K |
|
1537
Shenandoah Telecom
SHEN
$730M
| $3.44M | 0.01% |
128,600
-8,800
| -6% | -$202K |
|
|
RUTH
1538
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $3.44M | 0.01% |
186,692
+2,400
| +1% | +$40.2K |
|
1539
Dynagas LNG Partners
DLNG
$136M
| $3.44M | 0.01% |
301,300
-18,100
| -6% | -$164K |
|
|
PIR
1540
DELISTED
Pier 1 Imports, Inc.
PIR
| $3.43M | 0.01% |
24,435
+6,655
| +37% | +$679K |
|
|
CHSP
1541
DELISTED
Chesapeake Lodging Trust
CHSP
| $3.43M | 0.01% |
129,477
-5,700
| -4% | -$144K |
|
|
EVER
1542
DELISTED
Everbank Financial Corp
EVER
| $3.42M | 0.01% |
226,400
+52,500
| +30% | +$729K |
|
|
AGR
1543
DELISTED
Avangrid, Inc.
AGR
| $3.41M | 0.01% |
85,000
-26,099
| -23% | -$1.02M |
|
|
PNX
1544
DELISTED
PHOENIX COMPANIES INC. NEW
PNX
| $3.4M | 0.01% |
92,305
+15,700
| +20% | +$575K |
|
1545
American States Water
AWR
$3.46B
| $3.4M | 0.01% |
86,300
+9,800
| +13% | +$415K |
|
1546
Penske Automotive Group
PAG
$14.3B
| $3.4M | 0.01% |
89,600
-1,400
| -2% | -$49.8K |
|
1547
ICU Medical
ICUI
$4.46B
| $3.39M | 0.01% |
32,600
-4,300
| -12% | -$411K |
|
|
ISLE
1548
DELISTED
Isle of Capri Casinos Inc
ISLE
| $3.39M | 0.01% |
242,000
+1,000
| +0.4% | +$12.3K |
|
1549
Prothena Corp
PRTA
$473M
| $3.39M | 0.01% |
82,300
-9,400
| -10% | -$368K |
|
|
TBI
1550
Trueblue
TBI
$306M
| $3.38M | 0.01% |
129,200
-23,800
| -16% | -$551K |
|
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.