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 | |
|---|---|---|---|---|---|---|
1576
Chesapeake Utilities
CPK
$3.24B
| $3.25M | 0.01% |
51,650
+2,748
| +6% | +$167K |
|
1577
B&G Foods
BGS
$291M
| $3.24M | 0.01% |
93,000
+6,100
| +7% | +$215K |
|
1578
Capitol Federal Financial
CFFN
$1.1B
| $3.23M | 0.01% |
244,000
-14,100
| -5% | -$176K |
|
|
AKS
1579
DELISTED
AK Steel Holding Corp
AKS
| $3.22M | 0.01% |
780,308
+59,900
| +8% | +$172K |
|
|
FCH
1580
DELISTED
Felcor Lodging Trust
FCH
| $3.22M | 0.01% |
396,859
-32,700
| -8% | -$234K |
|
1581
Unisys
UIS
$206M
| $3.21M | 0.01% |
417,295
+170,595
| +69% | +$1.62M |
|
|
TAST
1582
DELISTED
Carrols Restaurant Group, Inc.
TAST
| $3.21M | 0.01% |
222,500
+800
| +0.4% | +$10.4K |
|
1583
Badger Meter
BMI
$3.86B
| $3.21M | 0.01% |
96,600
+7,800
| +9% | +$241K |
|
1584
SFL Corp
SFL
$1.56B
| $3.21M | 0.01% |
231,000
+18,100
| +9% | +$243K |
|
|
LTC
1585
LTC Properties
LTC
$2.09B
| $3.2M | 0.01% |
70,799
-3,600
| -5% | -$159K |
|
1586
SunCoke Energy
SXC
$791M
| $3.2M | 0.01% |
491,700
+138,900
| +39% | +$590K |
|
1587
Suburban Propane Partners
SPH
$1.18B
| $3.19M | 0.01% |
106,900
-5,900
| -5% | -$155K |
|
1588
Essent Group
ESNT
$6.18B
| $3.19M | 0.01% |
153,500
-7,700
| -5% | -$147K |
|
1589
Stride
LRN
$3.23B
| $3.19M | 0.01% |
322,300
+16,400
| +5% | +$155K |
|
|
USCR
1590
DELISTED
U S Concrete, Inc.
USCR
| $3.19M | 0.01% |
53,500
-4,300
| -7% | -$219K |
|
|
RWT
1591
Redwood Trust
RWT
$592M
| $3.18M | 0.01% |
243,100
+33,600
| +16% | +$392K |
|
1592
Semtech
SMTC
$13.1B
| $3.17M | 0.01% |
144,400
-11,900
| -8% | -$229K |
|
|
FDML
1593
DELISTED
Federal-Mogul Holdings Corporation
FDML
| $3.17M | 0.01% |
321,372
+58,000
| +22% | +$363K |
|
1594
8x8 Inc
EGHT
$295M
| $3.17M | 0.01% |
315,400
+9,400
| +3% | +$103K |
|
1595
HUB Group
HUBG
$2.39B
| $3.17M | 0.01% |
155,600
-8,800
| -5% | -$152K |
|
1596
Ultragenyx Pharmaceutical
RARE
$2.63B
| $3.17M | 0.01% |
50,000
-5,300
| -10% | -$347K |
|
|
MIK
1597
DELISTED
Michaels Stores, Inc
MIK
| $3.16M | 0.01% |
113,100
+14,000
| +14% | +$324K |
|
|
GHL
1598
DELISTED
Greenhill & Co., Inc.
GHL
| $3.15M | 0.01% |
141,700
+6,800
| +5% | +$156K |
|
1599
Rambus
RMBS
$11.1B
| $3.14M | 0.01% |
228,300
+7,300
| +3% | +$90.5K |
|
|
ARII
1600
DELISTED
American Railcar Industries, Inc.
ARII
| $3.14M | 0.01% |
77,000
-4,700
| -6% | -$197K |
|
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.