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 |
YHOO
Yahoo Inc
YHOO
|
+$88.6M |
| 2 |
Zoetis
ZTS
|
+$66M |
| 3 |
Yum! Brands
YUM
|
+$54.5M |
| 4 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$45.5M |
| 5 |
Zimmer Biomet
ZBH
|
+$42.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apollo Global Management
APO
|
+$111M |
| 2 |
SE
Spectra Energy Corp Wi
SE
|
+$57.7M |
| 3 |
Apple
AAPL
|
+$56.7M |
| 4 |
STJ
St Jude Medical
STJ
|
+$53.3M |
| 5 |
Microsoft
MSFT
|
+$50.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.67% |
| 2 | Technology | 15.02% |
| 3 | Healthcare | 12.8% |
| 4 | Industrials | 10.81% |
| 5 | Consumer Discretionary | 9.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
INXN
1676
DELISTED
Interxion Holding N.V.
INXN
| $2.75M | ﹤0.01% |
69,600
-2,000
| -3% | -$76.7K |
|
|
CHSP
1677
DELISTED
Chesapeake Lodging Trust
CHSP
| $2.75M | ﹤0.01% |
114,900
-4,400
| -4% | -$109K |
|
|
SN
1678
DELISTED
Sanchez Energy Corporation
SN
| $2.75M | ﹤0.01% |
288,400
-49,600
| -15% | -$555K |
|
|
TWOU
1679
DELISTED
2U Inc
TWOU
| $2.75M | ﹤0.01% |
2,310
-100
| -4% | -$107K |
|
1680
Kforce
KFRC
$1.04B
| $2.75M | ﹤0.01% |
115,600
-4,700
| -4% | -$112K |
|
1681
Resources Connection
RGP
$145M
| $2.74M | ﹤0.01% |
163,585
+2,300
| +1% | +$38.9K |
|
|
FOE
1682
DELISTED
Ferro Corporation
FOE
| $2.74M | ﹤0.01% |
180,400
-62,400
| -26% | -$895K |
|
1683
Southside Bancshares
SBSI
$953M
| $2.73M | ﹤0.01% |
83,453
-7,276
| -8% | -$249K |
|
|
TPC
1684
Tutor Perini Cor
TPC
$5.18B
| $2.72M | ﹤0.01% |
85,600
-13,900
| -14% | -$412K |
|
1685
Encore Capital Group
ECPG
$2.01B
| $2.71M | ﹤0.01% |
88,100
-3,300
| -4% | -$104K |
|
|
VG
1686
DELISTED
Vonage Holdings Corporation
VG
| $2.71M | ﹤0.01% |
429,200
-6,300
| -1% | -$42K |
|
1687
Winnebago Industries
WGO
$906M
| $2.71M | ﹤0.01% |
92,600
-2,700
| -3% | -$86.1K |
|
|
GTLS
1688
DELISTED
Chart Industries
GTLS
| $2.71M | ﹤0.01% |
77,500
-41,700
| -35% | -$1.54M |
|
|
RDUS
1689
DELISTED
Radius Health, Inc.
RDUS
| $2.71M | ﹤0.01% |
70,000
-3,100
| -4% | -$130K |
|
|
PEI
1690
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $2.71M | ﹤0.01% |
11,916
-360
| -3% | -$90.9K |
|
|
ESND
1691
DELISTED
Essendant Inc.
ESND
| $2.69M | ﹤0.01% |
177,800
+15,500
| +10% | +$288K |
|
1692
Credicorp
BAP
$30.4B
| $2.69M | ﹤0.01% |
16,471
| – | – |
|
|
ATSG
1693
DELISTED
Air Transport Services Group
ATSG
| $2.69M | ﹤0.01% |
167,500
-24,000
| -13% | -$391K |
|
|
AAT
1694
American Assets Trust
AAT
$1.38B
| $2.69M | ﹤0.01% |
64,200
+800
| +1% | +$34.3K |
|
1695
Innoviva
INVA
$1.49B
| $2.68M | ﹤0.01% |
193,700
-8,400
| -4% | -$98.9K |
|
|
UAM
1696
DELISTED
Universal American Corp
UAM
| $2.67M | ﹤0.01% |
268,200
+3,400
| +1% | +$33.8K |
|
1697
United Natural Foods
UNFI
$2.8B
| $2.67M | ﹤0.01% |
61,800
-100
| -0.2% | -$4.5K |
|
|
HIBB
1698
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $2.67M | ﹤0.01% |
90,500
+2,900
| +3% | +$91K |
|
|
VSA
1699
VisionSys AI
VSA
$9.38M
| $2.67M | ﹤0.01% |
57
| – | – |
|
1700
Chesapeake Utilities
CPK
$3.19B
| $2.67M | ﹤0.01% |
38,550
-5,100
| -12% | -$340K |
|
Similar funds
California Public Employees Retirement System's Q1 2017 Portfolio in Review
As of Q1 2017, California Public Employees Retirement System held 3,495 positions worth $61.3B, up 2.8% from $59.6B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q1 2017: portfolio turnover was 4.3%. California Public Employees Retirement System opened 60 new positions and exited 90, leaving the 3,495-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 Q1 2017 buy was Athene Holding Ltd. Class A Common Shares: 917,964 shares worth $45.7M.
- California Public Employees Retirement System added most to Yahoo Inc in Q1 2017, an estimated $88.6M increase.
- California Public Employees Retirement System's biggest Q1 2017 reduction was Apollo Global Management, cutting an estimated $111M.
- California Public Employees Retirement System fully exited Spectra Energy Corp Wi in Q1 2017, selling an estimated $57.7M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $61.3B portfolio in Q1 2017.
- California Public Employees Retirement System opened 60 new positions and closed 90 in Q1 2017.
- California Public Employees Retirement System's portfolio value rose 2.8% quarter-over-quarter to $61.3B.
Based on California Public Employees Retirement System's 13F filing for Q1 2017, filed 11 May 2017.