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 | |
|---|---|---|---|---|---|---|
1551
Methode Electronics
MEI
$581M
| $3.52M | 0.01% |
83,193
+4,893
| +6% | +$194K |
|
1552
NETGEAR
NTGR
$619M
| $3.52M | 0.01% |
73,969
+4,769
| +7% | +$221K |
|
|
CRC
1553
DELISTED
California Resources Corporation
CRC
| $3.51M | 0.01% |
335,911
+23,605
| +8% | +$189K |
|
|
EXPR
1554
DELISTED
Express, Inc.
EXPR
| $3.51M | 0.01% |
25,984
+6,169
| +31% | +$779K |
|
|
BWP
1555
DELISTED
Boardwalk Pipeline Partners
BWP
| $3.51M | 0.01% |
238,963
-1,137
| -0.5% | -$18K |
|
|
KRA
1556
DELISTED
Kraton Corporation
KRA
| $3.51M | 0.01% |
86,700
| – | – |
|
1557
Capitol Federal Financial
CFFN
$1.08B
| $3.5M | 0.01% |
237,890
+12,290
| +5% | +$171K |
|
|
AEGN
1558
DELISTED
Aegion Corp
AEGN
| $3.48M | 0.01% |
149,600
+3,000
| +2% | +$66K |
|
|
CMO
1559
DELISTED
Capstead Mortgage Corp.
CMO
| $3.48M | 0.01% |
360,154
+21,554
| +6% | +$212K |
|
|
LDL
1560
DELISTED
Lydall, Inc.
LDL
| $3.47M | 0.01% |
60,500
-10,600
| -15% | -$529K |
|
1561
Ezcorp Inc
EZPW
$1.67B
| $3.46M | 0.01% |
364,695
+30,295
| +9% | +$265K |
|
|
MDC
1562
DELISTED
M.D.C. Holdings, Inc.
MDC
| $3.46M | 0.01% |
131,384
+4,342
| +3% | +$115K |
|
|
UNIT
1563
Uniti Group
UNIT
$2.28B
| $3.46M | 0.01% |
235,880
+4,900
| +2% | +$103K |
|
|
ENDP
1564
DELISTED
Endo International plc
ENDP
| $3.46M | 0.01% |
403,400
+6,600
| +2% | +$63.6K |
|
1565
Strategy Inc
MSTR
$37.4B
| $3.45M | 0.01% |
270,180
+14,180
| +6% | +$206K |
|
1566
Genesco
GCO
$419M
| $3.45M | 0.01% |
129,633
+28,076
| +28% | +$793K |
|
1567
Knowles
KN
$3.27B
| $3.45M | 0.01% |
225,806
+2,600
| +1% | +$39.9K |
|
|
ROIC
1568
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $3.44M | 0.01% |
181,236
+1,736
| +1% | +$34.5K |
|
|
WEB
1569
DELISTED
Web.com Group, Inc.
WEB
| $3.44M | 0.01% |
137,710
+810
| +0.6% | +$19.4K |
|
1570
Independence Realty Trust
IRT
$3.94B
| $3.44M | 0.01% |
337,831
+15,294
| +5% | +$155K |
|
1571
Halozyme
HALO
$12.2B
| $3.43M | 0.01% |
197,700
+3,200
| +2% | +$43.3K |
|
1572
OraSure Technologies
OSUR
$275M
| $3.43M | 0.01% |
152,485
+3,085
| +2% | +$62.1K |
|
|
FFIC
1573
DELISTED
Flushing Financial
FFIC
| $3.42M | 0.01% |
115,201
-1,544
| -1% | -$43.1K |
|
|
KBAL
1574
DELISTED
Kimball International
KBAL
| $3.42M | 0.01% |
173,152
-10,348
| -6% | -$177K |
|
|
LHCG
1575
DELISTED
LHC Group LLC
LHCG
| $3.42M | 0.01% |
48,272
+10,172
| +27% | +$653K |
|
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.