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 | |
|---|---|---|---|---|---|---|
1626
SPX Corp
SPXC
$10.6B
| $3.14M | ﹤0.01% |
107,158
-13,147
| -11% | -$345K |
|
1627
Corcept Therapeutics
CORT
$12.3B
| $3.13M | ﹤0.01% |
162,459
+14,259
| +10% | +$213K |
|
1628
Century Aluminum
CENX
$5.14B
| $3.13M | ﹤0.01% |
188,638
-10,662
| -5% | -$184K |
|
|
AXON
1629
Axon Enterprise
AXON
$48.4B
| $3.12M | ﹤0.01% |
137,800
| – | – |
|
|
SASR
1630
DELISTED
Sandy Spring Bancorp Inc
SASR
| $3.12M | ﹤0.01% |
75,377
-123
| -0.2% | -$4.83K |
|
|
LABL
1631
DELISTED
Multi-Color Corp
LABL
| $3.12M | ﹤0.01% |
38,120
+2,520
| +7% | +$201K |
|
|
ARI
1632
Apollo Commercial Real Estate
ARI
$871M
| $3.11M | ﹤0.01% |
171,930
+27,072
| +19% | +$490K |
|
1633
Regis Corp
RGS
$70.8M
| $3.11M | ﹤0.01% |
10,894
+605
| +6% | +$139K |
|
|
TEN
1634
Tsakos Energy Navigation Ltd
TEN
$1.15B
| $3.11M | ﹤0.01% |
138,440
| – | – |
|
|
CRZO
1635
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $3.1M | ﹤0.01% |
181,100
| – | – |
|
|
CSR
1636
Centerspace
CSR
$926M
| $3.07M | ﹤0.01% |
50,194
+1,611
| +3% | +$98.7K |
|
1637
United Natural Foods
UNFI
$2.8B
| $3.06M | ﹤0.01% |
73,632
+7,732
| +12% | +$288K |
|
|
GLUU
1638
DELISTED
Glu Mobile Inc.
GLUU
| $3.05M | ﹤0.01% |
812,300
| – | – |
|
1639
Federal Signal
FSS
$7.74B
| $3.04M | ﹤0.01% |
142,653
+253
| +0.2% | +$4.73K |
|
|
TRUE
1640
DELISTED
TrueCar
TRUE
| $3.02M | ﹤0.01% |
191,042
+9,042
| +5% | +$162K |
|
|
KAMN
1641
DELISTED
Kaman Corp
KAMN
| $3.01M | ﹤0.01% |
54,021
+3,721
| +7% | +$188K |
|
|
MINI
1642
DELISTED
Mobile Mini Inc
MINI
| $3.01M | ﹤0.01% |
87,400
+1,300
| +2% | +$39.9K |
|
1643
Gentherm
THRM
$1.27B
| $3.01M | ﹤0.01% |
81,026
-5,374
| -6% | -$184K |
|
|
EVRI
1644
DELISTED
Everi Holdings
EVRI
| $3.01M | ﹤0.01% |
396,184
-43,816
| -10% | -$329K |
|
1645
Hilton Grand Vacations
HGV
$3.31B
| $2.99M | ﹤0.01% |
77,497
+1,700
| +2% | +$61.6K |
|
|
CHSP
1646
DELISTED
Chesapeake Lodging Trust
CHSP
| $2.99M | ﹤0.01% |
110,993
-3,607
| -3% | -$91.2K |
|
1647
First Commonwealth Financial
FCF
$2.17B
| $2.99M | ﹤0.01% |
211,626
+1,926
| +0.9% | +$24.8K |
|
|
VG
1648
DELISTED
Vonage Holdings Corporation
VG
| $2.99M | ﹤0.01% |
367,140
-21,660
| -6% | -$163K |
|
1649
Helen of Troy
HELE
$680M
| $2.99M | ﹤0.01% |
30,836
+3,236
| +12% | +$311K |
|
|
KEM
1650
DELISTED
KEMET Corporation
KEM
| $2.98M | ﹤0.01% |
141,211
+16,111
| +13% | +$305K |
|
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.