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 | |
|---|---|---|---|---|---|---|
1676
Stepan Co
SCL
$1.48B
| $2.74M | ﹤0.01% |
31,400
+400
| +1% | +$33.6K |
|
1677
Hilton Grand Vacations
HGV
$3.55B
| $2.73M | ﹤0.01% |
75,797
+1,600
| +2% | +$55.2K |
|
|
PRFT
1678
DELISTED
Perficient Inc
PRFT
| $2.73M | ﹤0.01% |
146,400
+3,200
| +2% | +$55.4K |
|
1679
Metallus
MTUS
$898M
| $2.73M | ﹤0.01% |
177,400
-46,100
| -21% | -$683K |
|
1680
Mercer International
MERC
$39.8M
| $2.71M | ﹤0.01% |
235,400
-34,400
| -13% | -$398K |
|
1681
Unifirst Corp
UNF
$5.25B
| $2.7M | ﹤0.01% |
19,200
+1,100
| +6% | +$153K |
|
|
CEQP
1682
DELISTED
Crestwood Equity Partners LP
CEQP
| $2.7M | ﹤0.01% |
114,752
+3,600
| +3% | +$87K |
|
1683
CEVA Inc
CEVA
$1.08B
| $2.69M | ﹤0.01% |
59,300
+1,200
| +2% | +$49.3K |
|
|
ARI
1684
Apollo Commercial Real Estate
ARI
$885M
| $2.69M | ﹤0.01% |
144,858
+4,500
| +3% | +$84.3K |
|
1685
Lithia Motors
LAD
$8.26B
| $2.69M | ﹤0.01% |
28,500
+600
| +2% | +$54.2K |
|
|
AMWD
1686
DELISTED
American Woodmark
AMWD
| $2.69M | ﹤0.01% |
28,100
+800
| +3% | +$73.4K |
|
1687
Sonic Automotive
SAH
$2.61B
| $2.68M | ﹤0.01% |
137,853
-12,800
| -8% | -$244K |
|
1688
Renasant Corp
RNST
$3.91B
| $2.68M | ﹤0.01% |
61,272
-2,100
| -3% | -$88.1K |
|
|
EXPR
1689
DELISTED
Express, Inc.
EXPR
| $2.67M | ﹤0.01% |
19,815
+2,425
| +14% | +$376K |
|
|
SIR
1690
DELISTED
SELECT INCOME REIT
SIR
| $2.67M | ﹤0.01% |
253,208
-43,452
| -15% | -$475K |
|
|
ENLK
1691
DELISTED
EnLink Midstream Partners, LP
ENLK
| $2.67M | ﹤0.01% |
157,400
+3,400
| +2% | +$58.9K |
|
|
CRC
1692
DELISTED
California Resources Corporation
CRC
| $2.67M | ﹤0.01% |
312,306
-70,200
| -18% | -$826K |
|
1693
Lakeland Financial Corp
LKFN
$1.53B
| $2.67M | ﹤0.01% |
58,150
+1,000
| +2% | +$44.5K |
|
1694
AZZ Inc
AZZ
$4.54B
| $2.67M | ﹤0.01% |
47,800
+1,000
| +2% | +$56.8K |
|
|
AKS
1695
DELISTED
AK Steel Holding Corp
AKS
| $2.66M | ﹤0.01% |
404,800
-46,000
| -10% | -$288K |
|
1696
First Commonwealth Financial
FCF
$2.17B
| $2.66M | ﹤0.01% |
209,700
-30,000
| -13% | -$383K |
|
|
MAGN
1697
Magnera Corp
MAGN
$460M
| $2.66M | ﹤0.01% |
10,458
-954
| -8% | -$243K |
|
|
KW
1698
DELISTED
Kennedy-Wilson Holdings
KW
| $2.66M | ﹤0.01% |
139,400
-8,000
| -5% | -$162K |
|
|
ASNA
1699
DELISTED
Ascena Retail Group, Inc.
ASNA
| $2.66M | ﹤0.01% |
61,763
+8,885
| +17% | +$512K |
|
1700
Orthofix Medical
OFIX
$419M
| $2.65M | ﹤0.01% |
57,100
-4,300
| -7% | -$178K |
|
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.