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 | |
|---|---|---|---|---|---|---|
|
WW
1551
DELISTED
WW International
WW
| $3.32M | 0.01% |
213,471
+16,300
| +8% | +$224K |
|
1552
Azenta
AZTA
$1.54B
| $3.32M | 0.01% |
148,200
+24,400
| +20% | +$484K |
|
1553
Carriage Services
CSV
$544M
| $3.32M | 0.01% |
122,400
-6,800
| -5% | -$182K |
|
|
AXON
1554
Axon Enterprise
AXON
$48.4B
| $3.31M | 0.01% |
145,300
-12,000
| -8% | -$295K |
|
|
NTUS
1555
DELISTED
Natus Medical Inc
NTUS
| $3.31M | 0.01% |
84,200
-5,700
| -6% | -$214K |
|
|
TOWR
1556
DELISTED
Tower International, Inc.
TOWR
| $3.29M | 0.01% |
121,600
+3,800
| +3% | +$103K |
|
|
PINC
1557
DELISTED
Premier
PINC
| $3.28M | 0.01% |
103,000
-1,000
| -1% | -$31.4K |
|
|
KW
1558
DELISTED
Kennedy-Wilson Holdings
KW
| $3.27M | 0.01% |
147,400
-4,900
| -3% | -$103K |
|
1559
Central Garden & Pet Co Class A
CENTA
$2.39B
| $3.26M | 0.01% |
117,500
-48,125
| -29% | -$1.25M |
|
1560
Silicon Motion
SIMO
$7.82B
| $3.26M | 0.01% |
69,800
-6,300
| -8% | -$268K |
|
|
NM
1561
DELISTED
Navios Maritime Holdings Inc.
NM
| $3.26M | 0.01% |
174,230
-22,080
| -11% | -$397K |
|
1562
Capitol Federal Financial
CFFN
$1.08B
| $3.26M | 0.01% |
222,600
-40,600
| -15% | -$622K |
|
|
OAK
1563
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
| $3.26M | 0.01% |
71,900
-3,300
| -4% | -$144K |
|
1564
Prothena Corp
PRTA
$468M
| $3.25M | 0.01% |
58,300
-2,600
| -4% | -$137K |
|
|
TEN
1565
Tsakos Energy Navigation Ltd
TEN
$1.15B
| $3.24M | 0.01% |
135,440
-5,840
| -4% | -$139K |
|
|
AKS
1566
DELISTED
AK Steel Holding Corp
AKS
| $3.24M | 0.01% |
450,800
-71,608
| -14% | -$613K |
|
1567
PENN Entertainment
PENN
$2.53B
| $3.24M | 0.01% |
175,800
+16,100
| +10% | +$236K |
|
1568
HUB Group
HUBG
$2.9B
| $3.23M | 0.01% |
139,400
+800
| +0.6% | +$18.9K |
|
1569
SFL Corp
SFL
$1.58B
| $3.23M | 0.01% |
220,000
+10,300
| +5% | +$153K |
|
1570
Oxford Industries
OXM
$556M
| $3.23M | 0.01% |
56,400
+2,600
| +5% | +$144K |
|
1571
8x8 Inc
EGHT
$324M
| $3.23M | 0.01% |
211,600
-11,100
| -5% | -$168K |
|
|
MAGN
1572
Magnera Corp
MAGN
$466M
| $3.23M | 0.01% |
11,412
-62
| -0.5% | -$18.5K |
|
1573
Heartland Express
HTLD
$911M
| $3.22M | 0.01% |
160,700
-400
| -0.2% | -$8.12K |
|
1574
Community Bank
CBU
$3.37B
| $3.22M | 0.01% |
58,520
-2,300
| -4% | -$134K |
|
1575
Compañía de Minas Buenaventura
BVN
$8.78B
| $3.21M | 0.01% |
266,550
-57,100
| -18% | -$735K |
|
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.