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 |
Alphabet (Google) Class A
GOOGL
|
+$386M |
| 2 |
Amazon
AMZN
|
+$108M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$96.6M |
| 4 |
Unilever
UL
|
+$80.9M |
| 5 |
Alibaba
BABA
|
+$80.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$349M |
| 2 |
BCR
CR Bard Inc.
BCR
|
+$61.1M |
| 3 |
Apple
AAPL
|
+$37.1M |
| 4 |
LVLT
Level 3 Communications Inc
LVLT
|
+$32.4M |
| 5 |
BRCD
Brocade Communications Systems, Inc. NEW
BRCD
|
+$17.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.92% |
| 2 | Technology | 15.57% |
| 3 | Healthcare | 12.62% |
| 4 | Industrials | 10.77% |
| 5 | Consumer Discretionary | 10.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1651
CVB Financial
CVBF
$3.97B
| $3.23M | ﹤0.01% |
137,156
+5,984
| +5% | +$142K |
|
|
ANH
1652
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $3.23M | ﹤0.01% |
593,891
-14,238
| -2% | -$81.2K |
|
|
ENDP
1653
DELISTED
Endo International plc
ENDP
| $3.23M | ﹤0.01% |
416,300
+12,900
| +3% | +$96.6K |
|
|
ESPR
1654
DELISTED
Esperion Therapeutics
ESPR
| $3.22M | ﹤0.01% |
48,858
+700
| +1% | +$37.7K |
|
|
ARRY
1655
DELISTED
Array Biopharma Inc
ARRY
| $3.2M | ﹤0.01% |
250,100
+9,600
| +4% | +$109K |
|
1656
Northwest Natural Holdings
NWN
$2.09B
| $3.2M | ﹤0.01% |
53,573
+653
| +1% | +$42.7K |
|
1657
AMERISAFE
AMSF
$522M
| $3.18M | ﹤0.01% |
51,670
+497
| +1% | +$31.2K |
|
1658
Westlake Chemical Partners
WLKP
$764M
| $3.18M | ﹤0.01% |
127,500
| – | – |
|
1659
OraSure Technologies
OSUR
$275M
| $3.16M | ﹤0.01% |
167,370
+14,885
| +10% | +$270K |
|
|
ABAX
1660
DELISTED
Abaxis Inc
ABAX
| $3.16M | ﹤0.01% |
63,723
-1,632
| -2% | -$77.9K |
|
|
LDL
1661
DELISTED
Lydall, Inc.
LDL
| $3.15M | ﹤0.01% |
61,975
+1,475
| +2% | +$80.7K |
|
1662
Boise Cascade
BCC
$2.96B
| $3.13M | ﹤0.01% |
78,523
-470
| -0.6% | -$17.4K |
|
1663
Cato Corp
CATO
$66.3M
| $3.12M | ﹤0.01% |
195,929
+41,879
| +27% | +$607K |
|
1664
Pacira BioSciences
PCRX
$974M
| $3.11M | ﹤0.01% |
68,100
+2,200
| +3% | +$87.2K |
|
1665
First Commonwealth Financial
FCF
$2.17B
| $3.1M | ﹤0.01% |
216,604
+4,978
| +2% | +$71.8K |
|
|
UCB
1666
United Community Banks
UCB
$4.27B
| $3.1M | ﹤0.01% |
110,048
-17,410
| -14% | -$486K |
|
|
RDUS
1667
DELISTED
Radius Recycling
RDUS
| $3.09M | ﹤0.01% |
92,350
+3,685
| +4% | +$108K |
|
1668
Atlantic Union Bankshares
AUB
$5.95B
| $3.09M | ﹤0.01% |
85,459
+11,121
| +15% | +$397K |
|
|
HIBB
1669
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $3.09M | ﹤0.01% |
151,506
+27,915
| +23% | +$461K |
|
1670
Chesapeake Utilities
CPK
$3.18B
| $3.09M | ﹤0.01% |
39,337
-3,324
| -8% | -$268K |
|
1671
SFL Corp
SFL
$1.58B
| $3.09M | ﹤0.01% |
199,229
+1,346
| +0.7% | +$20.2K |
|
1672
Carlyle Group
CG
$17.2B
| $3.08M | ﹤0.01% |
134,706
+13,564
| +11% | +$303K |
|
1673
Meritage Homes
MTH
$4.69B
| $3.08M | ﹤0.01% |
120,486
+17,686
| +17% | +$438K |
|
|
MSGN
1674
DELISTED
MSG Networks Inc.
MSGN
| $3.08M | ﹤0.01% |
151,920
+15,282
| +11% | +$294K |
|
|
CAI
1675
DELISTED
CAI International, Inc.
CAI
| $3.08M | ﹤0.01% |
108,590
-10,661
| -9% | -$352K |
|
Similar funds
California Public Employees Retirement System's Q4 2017 Portfolio in Review
As of Q4 2017, California Public Employees Retirement System held 3,413 positions worth $74B, up 9.9% from $67.3B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System deployed $2.61B of net new capital in Q4 2017, opening 69 new positions and adding to 1,867 existing holdings. Its largest new stake was Unilever: 1,276,444 shares worth $79.5M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Alphabet (Google) Class C, an estimated $349M trimmed.
- California Public Employees Retirement System's largest Q4 2017 buy was Unilever: 1,276,444 shares worth $79.5M.
- California Public Employees Retirement System added most to Alphabet (Google) Class A in Q4 2017, an estimated $386M increase.
- California Public Employees Retirement System's biggest Q4 2017 reduction was Alphabet (Google) Class C, cutting an estimated $349M.
- California Public Employees Retirement System fully exited CR Bard Inc. in Q4 2017, selling an estimated $61.1M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $74B portfolio in Q4 2017.
- California Public Employees Retirement System opened 69 new positions and closed 96 in Q4 2017.
- California Public Employees Retirement System's portfolio value rose 9.9% quarter-over-quarter to $74B.
Based on California Public Employees Retirement System's 13F filing for Q4 2017, filed 6 Feb 2018.