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 | |
|---|---|---|---|---|---|---|
|
SAFE
1651
Safehold
SAFE
$1.09B
| $2.96M | ﹤0.01% |
62,841
-1,993
| -3% | -$91.7K |
|
1652
Nektar Therapeutics
NKTR
$2.58B
| $2.95M | ﹤0.01% |
14,320
-867
| -6% | -$167K |
|
1653
First Commonwealth Financial
FCF
$2.18B
| $2.95M | ﹤0.01% |
332,876
+8,400
| +3% | +$72.3K |
|
1654
NBT Bancorp
NBTB
$2.78B
| $2.94M | ﹤0.01% |
109,191
+8,700
| +9% | +$226K |
|
|
FNFV
1655
DELISTED
Fidelity Natl Financial, Inc.
FNFV
| $2.94M | ﹤0.01% |
270,720
+63,600
| +31% | +$635K |
|
1656
US Physical Therapy
USPH
$1.23B
| $2.92M | ﹤0.01% |
58,800
-1,300
| -2% | -$64.6K |
|
|
SNBR
1657
DELISTED
Sleep Number
SNBR
| $2.92M | ﹤0.01% |
150,700
-20,300
| -12% | -$388K |
|
|
KS
1658
DELISTED
KapStone Paper and Pack Corp.
KS
| $2.91M | ﹤0.01% |
209,800
+12,800
| +6% | +$173K |
|
|
ENOC
1659
DELISTED
EnerNOC, Inc.
ENOC
| $2.91M | ﹤0.01% |
388,500
+135,900
| +54% | +$751K |
|
1660
Tidewater
TDW
$4.52B
| $2.9M | ﹤0.01% |
13,183
+5,087
| +63% | +$1.01M |
|
|
FFIC
1661
DELISTED
Flushing Financial
FFIC
| $2.9M | ﹤0.01% |
134,045
+1,100
| +0.8% | +$22.9K |
|
|
YELL
1662
DELISTED
Yellow Corporation Common Stock
YELL
| $2.9M | ﹤0.01% |
310,800
+26,500
| +9% | +$251K |
|
|
JOBS
1663
DELISTED
51job Inc
JOBS
| $2.89M | ﹤0.01% |
93,200
-4,400
| -5% | -$126K |
|
|
BPFH
1664
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $2.89M | ﹤0.01% |
252,300
+10,100
| +4% | +$107K |
|
1665
Meritage Homes
MTH
$4.79B
| $2.87M | ﹤0.01% |
157,600
+20,400
| +15% | +$325K |
|
1666
Stoneridge
SRI
$199M
| $2.87M | ﹤0.01% |
197,200
+41,800
| +27% | +$526K |
|
|
NPBC
1667
DELISTED
NATL PENN BANCSHARES INC
NPBC
| $2.87M | ﹤0.01% |
269,747
+10,100
| +4% | +$115K |
|
1668
Aramark
ARMK
$16.2B
| $2.87M | ﹤0.01% |
119,941
-24,376
| -17% | -$559K |
|
1669
Nexstar Media Group
NXST
$5.81B
| $2.85M | ﹤0.01% |
64,500
-13,300
| -17% | -$602K |
|
1670
Mercury Insurance
MCY
$5.83B
| $2.85M | ﹤0.01% |
51,358
+3,200
| +7% | +$159K |
|
1671
UFP Industries
UFPI
$5.05B
| $2.85M | ﹤0.01% |
99,600
+1,800
| +2% | +$42.9K |
|
|
VG
1672
DELISTED
Vonage Holdings Corporation
VG
| $2.85M | ﹤0.01% |
623,400
-38,600
| -6% | -$191K |
|
|
LXFT
1673
DELISTED
Luxoft Holding, Inc.
LXFT
| $2.84M | ﹤0.01% |
51,600
-5,200
| -9% | -$313K |
|
|
NP
1674
DELISTED
Neenah, Inc. Common Stock
NP
| $2.84M | ﹤0.01% |
44,600
+2,100
| +5% | +$125K |
|
1675
Group 1 Automotive
GPI
$3.14B
| $2.83M | ﹤0.01% |
48,300
+2,200
| +5% | +$126K |
|
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.