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 | |
|---|---|---|---|---|---|---|
|
ADAM
1526
Adamas Trust
ADAM
$880M
| $3.48M | 0.01% |
140,850
+1,650
| +1% | +$42.6K |
|
1527
Saia
SAIA
$9.49B
| $3.46M | 0.01% |
78,200
-4,600
| -6% | -$215K |
|
1528
Korn Ferry
KFY
$4.25B
| $3.46M | 0.01% |
109,900
-1,800
| -2% | -$54K |
|
1529
Merit Medical Systems
MMSI
$5.36B
| $3.45M | 0.01% |
119,400
-9,600
| -7% | -$269K |
|
1530
AAR Corp
AIR
$5.74B
| $3.45M | 0.01% |
102,600
-20,200
| -16% | -$671K |
|
|
FFIC
1531
DELISTED
Flushing Financial
FFIC
| $3.44M | 0.01% |
128,145
-2,400
| -2% | -$67K |
|
1532
Enova International
ENVA
$6.29B
| $3.43M | 0.01% |
231,183
-24,400
| -10% | -$345K |
|
1533
Titan International
TWI
$457M
| $3.43M | 0.01% |
331,700
-69,100
| -17% | -$820K |
|
|
ICPT
1534
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $3.43M | 0.01% |
30,300
-1,400
| -4% | -$163K |
|
1535
Ezcorp Inc
EZPW
$1.67B
| $3.42M | 0.01% |
420,200
-69,300
| -14% | -$635K |
|
1536
Granite Construction
GVA
$5.51B
| $3.42M | 0.01% |
68,200
-2,800
| -4% | -$149K |
|
|
NMBL
1537
DELISTED
Nimble Storage, Inc.
NMBL
| $3.42M | 0.01% |
273,200
-11,800
| -4% | -$116K |
|
|
SASR
1538
DELISTED
Sandy Spring Bancorp Inc
SASR
| $3.41M | 0.01% |
83,300
+4,800
| +6% | +$199K |
|
|
IPHS
1539
DELISTED
Innophos Holdings, Inc.
IPHS
| $3.41M | 0.01% |
63,200
-2,800
| -4% | -$144K |
|
|
CRR
1540
DELISTED
Carbo Ceramics Inc.
CRR
| $3.41M | 0.01% |
261,300
-3,600
| -1% | -$46K |
|
|
LTC
1541
LTC Properties
LTC
$2.12B
| $3.4M | 0.01% |
70,999
-2,800
| -4% | -$131K |
|
|
SEMG
1542
DELISTED
SEMGROUP CORPORATION
SEMG
| $3.39M | 0.01% |
94,200
-9,200
| -9% | -$350K |
|
|
AEGN
1543
DELISTED
Aegion Corp
AEGN
| $3.38M | 0.01% |
147,300
-3,500
| -2% | -$80.5K |
|
1544
United Parks & Resorts
PRKS
$2.07B
| $3.37M | 0.01% |
184,500
+16,000
| +9% | +$298K |
|
1545
NETGEAR
NTGR
$619M
| $3.37M | 0.01% |
68,000
-2,000
| -3% | -$109K |
|
|
SIR
1546
DELISTED
SELECT INCOME REIT
SIR
| $3.36M | 0.01% |
296,660
-13,423
| -4% | -$151K |
|
1547
Kelly Services Class A
KELYA
$544M
| $3.36M | 0.01% |
153,800
-1,200
| -0.8% | -$26.3K |
|
|
BLD
1548
DELISTED
TopBuild
BLD
| $3.36M | 0.01% |
71,500
+100
| +0.1% | +$4.06K |
|
1549
Churchill Downs
CHDN
$6.02B
| $3.35M | 0.01% |
126,600
-10,800
| -8% | -$270K |
|
1550
Gentherm
THRM
$1.27B
| $3.32M | 0.01% |
84,700
-200
| -0.2% | -$7.16K |
|
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.