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 |
DuPont de Nemours
DD
|
+$168M |
| 2 |
Microsoft
MSFT
|
+$95.5M |
| 3 |
Apple
AAPL
|
+$66.8M |
| 4 |
Meta Platforms (Facebook)
META
|
+$60.2M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$57.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DD
Du Pont De Nemours E I
DD
|
+$173M |
| 2 |
BHI
Baker Hughes
BHI
|
+$56.5M |
| 3 |
Synchrony
SYF
|
+$38.8M |
| 4 |
Alibaba
BABA
|
+$36.3M |
| 5 |
WFM
Whole Foods Market Inc
WFM
|
+$35M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.95% |
| 2 | Technology | 15.54% |
| 3 | Healthcare | 13.07% |
| 4 | Industrials | 10.95% |
| 5 | Consumer Discretionary | 9.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AGR
1526
DELISTED
Avangrid, Inc.
AGR
| $3.62M | 0.01% |
76,405
+11,505
| +18% | +$534K |
|
1527
Perdoceo Education
PRDO
$1.97B
| $3.62M | 0.01% |
348,396
-21,062
| -6% | -$195K |
|
|
PINC
1528
DELISTED
Premier
PINC
| $3.62M | 0.01% |
111,111
+5,211
| +5% | +$177K |
|
|
PHH
1529
DELISTED
PHH Corporation
PHH
| $3.62M | 0.01% |
259,732
-146,200
| -36% | -$2.03M |
|
|
CAI
1530
DELISTED
CAI International, Inc.
CAI
| $3.62M | 0.01% |
119,251
+2,551
| +2% | +$70.4K |
|
1531
Lithia Motors
LAD
$8.35B
| $3.61M | 0.01% |
30,032
+1,532
| +5% | +$160K |
|
|
ATSG
1532
DELISTED
Air Transport Services Group
ATSG
| $3.61M | 0.01% |
148,390
-11,210
| -7% | -$261K |
|
|
AHT
1533
Ashford Hospitality Trust
AHT
$20.7M
| $3.61M | 0.01% |
548
+9
| +2% | +$55.5K |
|
1534
Terreno Realty
TRNO
$7.45B
| $3.61M | 0.01% |
99,716
+13,816
| +16% | +$485K |
|
|
SFLY
1535
DELISTED
Shutterfly, Inc.
SFLY
| $3.6M | 0.01% |
74,299
+8,199
| +12% | +$386K |
|
1536
OSI Systems
OSIS
$3.83B
| $3.59M | 0.01% |
39,332
+2,732
| +7% | +$222K |
|
|
KS
1537
DELISTED
KapStone Paper and Pack Corp.
KS
| $3.59M | 0.01% |
167,100
+2,500
| +2% | +$55.6K |
|
1538
Strategic Education
STRA
$1.84B
| $3.58M | 0.01% |
41,001
-5,411
| -12% | -$452K |
|
|
TEP
1539
DELISTED
Tallgrass Energy Partners, LP
TEP
| $3.58M | 0.01% |
74,650
+250
| +0.3% | +$12.1K |
|
|
SAFE
1540
Safehold
SAFE
$1.09B
| $3.57M | 0.01% |
62,165
+125
| +0.2% | +$7.18K |
|
1541
Kelly Services Class A
KELYA
$544M
| $3.57M | 0.01% |
142,241
+3,241
| +2% | +$72.9K |
|
1542
HUB Group
HUBG
$2.9B
| $3.56M | 0.01% |
166,006
+12,406
| +8% | +$237K |
|
|
GTY
1543
Getty Realty Corp
GTY
$2.01B
| $3.56M | 0.01% |
124,472
+10,617
| +9% | +$281K |
|
1544
The Greenbrier Companies
GBX
$1.43B
| $3.56M | 0.01% |
73,890
-2,210
| -3% | -$98K |
|
1545
Dynagas LNG Partners
DLNG
$140M
| $3.55M | 0.01% |
254,900
| – | – |
|
|
ONCE
1546
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $3.55M | 0.01% |
39,800
+700
| +2% | +$53.1K |
|
1547
MGE Energy Inc
MGEE
$3.04B
| $3.54M | 0.01% |
54,761
+2,661
| +5% | +$172K |
|
|
GMLP
1548
DELISTED
Golar LNG Partners LP
GMLP
| $3.53M | 0.01% |
152,131
-16,169
| -10% | -$345K |
|
|
RWT
1549
Redwood Trust
RWT
$574M
| $3.53M | 0.01% |
216,726
+1,426
| +0.7% | +$23.9K |
|
|
PGEM
1550
DELISTED
Ply Gem Holdings, Inc.
PGEM
| $3.53M | 0.01% |
207,046
+2,246
| +1% | +$37K |
|
Similar funds
California Public Employees Retirement System's Q3 2017 Portfolio in Review
As of Q3 2017, California Public Employees Retirement System held 3,426 positions worth $67.3B, up 7.7% from $62.5B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System deployed $2.04B of net new capital in Q3 2017, opening 47 new positions and adding to 1,907 existing holdings. Its largest new stake was Baker Hughes: 919,818 shares worth $33.7M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Synchrony, an estimated $38.8M trimmed.
- California Public Employees Retirement System's largest Q3 2017 buy was Baker Hughes: 919,818 shares worth $33.7M.
- California Public Employees Retirement System added most to DuPont de Nemours in Q3 2017, an estimated $168M increase.
- California Public Employees Retirement System's biggest Q3 2017 reduction was Synchrony, cutting an estimated $38.8M.
- California Public Employees Retirement System fully exited Du Pont De Nemours E I in Q3 2017, selling an estimated $173M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $67.3B portfolio in Q3 2017.
- California Public Employees Retirement System opened 47 new positions and closed 81 in Q3 2017.
- California Public Employees Retirement System's portfolio value rose 7.7% quarter-over-quarter to $67.3B.
Based on California Public Employees Retirement System's 13F filing for Q3 2017, filed 15 Nov 2017.