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 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$71.8M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$60.7M |
| 3 |
DXC Technology
DXC
|
+$49.4M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$46.6M |
| 5 |
Amazon
AMZN
|
+$46.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$170M |
| 2 |
Zoetis
ZTS
|
+$71.8M |
| 3 |
Yum! Brands
YUM
|
+$65.1M |
| 4 |
Wells Fargo
WFC
|
+$47.6M |
| 5 |
Zimmer Biomet
ZBH
|
+$42.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.91% |
| 2 | Technology | 15.08% |
| 3 | Healthcare | 13.24% |
| 4 | Industrials | 10.88% |
| 5 | Consumer Discretionary | 10.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CZZ
1601
DELISTED
Cosan Limited
CZZ
| $3.06M | ﹤0.01% |
478,100
-127,000
| -21% | -$935K |
|
|
KBAL
1602
DELISTED
Kimball International
KBAL
| $3.06M | ﹤0.01% |
183,500
+13,300
| +8% | +$231K |
|
|
HF
1603
DELISTED
HFF Inc.
HF
| $3.06M | ﹤0.01% |
87,900
+300
| +0.3% | +$9.24K |
|
1604
Extreme Networks
EXTR
$3.15B
| $3.06M | ﹤0.01% |
331,300
+9,800
| +3% | +$86.8K |
|
|
KATE
1605
DELISTED
Kate Spade & Company
KATE
| $3.05M | ﹤0.01% |
165,100
+3,600
| +2% | +$66.4K |
|
|
MSGN
1606
DELISTED
MSG Networks Inc.
MSGN
| $3.05M | ﹤0.01% |
135,800
+2,700
| +2% | +$61.8K |
|
1607
Banner Corp
BANR
$2.4B
| $3.05M | ﹤0.01% |
53,900
+2,800
| +5% | +$154K |
|
1608
SPX Corp
SPXC
$10.8B
| $3.03M | ﹤0.01% |
120,305
-35,600
| -23% | -$888K |
|
|
SEP
1609
DELISTED
Spectra Engy Parters Lp
SEP
| $3.02M | ﹤0.01% |
70,400
-1,700
| -2% | -$73.9K |
|
1610
AAR Corp
AIR
$5.76B
| $3.02M | ﹤0.01% |
86,800
-15,800
| -15% | -$548K |
|
|
CSR
1611
Centerspace
CSR
$952M
| $3.02M | ﹤0.01% |
48,583
-640
| -1% | -$38.6K |
|
1612
8x8 Inc
EGHT
$332M
| $3.01M | ﹤0.01% |
206,900
-4,700
| -2% | -$66.7K |
|
|
KYNB
1613
Kyntra Bio
KYNB
$29.4M
| $3.01M | ﹤0.01% |
3,728
+80
| +2% | +$55.7K |
|
|
ATRS
1614
DELISTED
Antares Pharma, Inc.
ATRS
| $3.01M | ﹤0.01% |
934,300
| – | – |
|
1615
Fossil Group
FOSL
$318M
| $3.01M | ﹤0.01% |
290,500
+35,700
| +14% | +$483K |
|
|
UCB
1616
United Community Banks
UCB
$4.28B
| $3M | ﹤0.01% |
107,800
+6,100
| +6% | +$165K |
|
|
ZEN
1617
DELISTED
ZENDESK INC
ZEN
| $3M | ﹤0.01% |
107,800
-107,800
| -50% | -$2.96M |
|
1618
SouthState Bank Corp
SSB
$10.5B
| $2.99M | ﹤0.01% |
34,900
-500
| -1% | -$43.2K |
|
|
KRA
1619
DELISTED
Kraton Corporation
KRA
| $2.99M | ﹤0.01% |
86,700
-7,700
| -8% | -$252K |
|
1620
NETGEAR
NTGR
$635M
| $2.98M | ﹤0.01% |
69,200
+1,200
| +2% | +$55K |
|
1621
AngioDynamics
ANGO
$649M
| $2.98M | ﹤0.01% |
183,900
+3,700
| +2% | +$58.5K |
|
1622
Northwest Natural Holdings
NWN
$2.12B
| $2.98M | ﹤0.01% |
49,800
-1,400
| -3% | -$84.7K |
|
1623
Helix Energy Solutions
HLX
$1.41B
| $2.96M | ﹤0.01% |
525,723
-49,600
| -9% | -$300K |
|
|
SONC
1624
DELISTED
Sonic Corp
SONC
| $2.96M | ﹤0.01% |
111,900
+2,200
| +2% | +$60.7K |
|
|
INFN
1625
DELISTED
Infinera Corporation Common Stock
INFN
| $2.96M | ﹤0.01% |
277,500
+6,000
| +2% | +$61.3K |
|
Similar funds
California Public Employees Retirement System's Q2 2017 Portfolio in Review
As of Q2 2017, California Public Employees Retirement System held 3,462 positions worth $62.5B, up 1.9% from $61.3B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q2 2017: portfolio turnover was 4%. California Public Employees Retirement System opened 57 new positions and exited 83, leaving the 3,462-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 Q2 2017 buy was DXC Technology: 744,634 shares worth $49.4M.
- California Public Employees Retirement System added most to Athene Holding Ltd. Class A Common Shares in Q2 2017, an estimated $71.8M increase.
- California Public Employees Retirement System's biggest Q2 2017 reduction was Zoetis, cutting an estimated $71.8M.
- California Public Employees Retirement System fully exited Yahoo Inc in Q2 2017, selling an estimated $170M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $62.5B portfolio in Q2 2017.
- California Public Employees Retirement System opened 57 new positions and closed 83 in Q2 2017.
- California Public Employees Retirement System's portfolio value rose 1.9% quarter-over-quarter to $62.5B.
Based on California Public Employees Retirement System's 13F filing for Q2 2017, filed 11 Aug 2017.