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 | |
|---|---|---|---|---|---|---|
1701
Burlington
BURL
$23B
| $2.67M | ﹤0.01% |
27,400
-200
| -0.7% | -$17.7K |
|
|
ATRS
1702
DELISTED
Antares Pharma, Inc.
ATRS
| $2.65M | ﹤0.01% |
934,300
+117,300
| +14% | +$282K |
|
1703
Andersons Inc
ANDE
$2.22B
| $2.65M | ﹤0.01% |
69,800
-3,400
| -5% | -$131K |
|
|
RUTH
1704
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $2.65M | ﹤0.01% |
131,900
-4,400
| -3% | -$79.1K |
|
|
ARI
1705
Apollo Commercial Real Estate
ARI
$877M
| $2.64M | ﹤0.01% |
140,358
-4,200
| -3% | -$74.6K |
|
|
HEP
1706
DELISTED
Holly Energy Partners, L.P.
HEP
| $2.64M | ﹤0.01% |
73,900
-3,000
| -4% | -$106K |
|
|
ISLE
1707
DELISTED
Isle of Capri Casinos Inc
ISLE
| $2.64M | ﹤0.01% |
100,000
+4,000
| +4% | +$99K |
|
1708
Teekay
TK
$959M
| $2.63M | ﹤0.01% |
287,800
+8,200
| +3% | +$79.4K |
|
|
BNCN
1709
DELISTED
BNC Bancorp
BNCN
| $2.63M | ﹤0.01% |
75,128
+6,800
| +10% | +$236K |
|
1710
CVB Financial
CVBF
$3.99B
| $2.63M | ﹤0.01% |
119,000
-23,900
| -17% | -$546K |
|
|
NXTM
1711
DELISTED
NxStage Medical Inc.
NXTM
| $2.63M | ﹤0.01% |
97,900
-1,400
| -1% | -$38.7K |
|
1712
Forward Air
FWRD
$644M
| $2.63M | ﹤0.01% |
55,200
-6,200
| -10% | -$301K |
|
|
EVRI
1713
DELISTED
Everi Holdings
EVRI
| $2.62M | ﹤0.01% |
547,800
+42,200
| +8% | +$138K |
|
|
TVRD
1714
Tvardi Therapeutics
TVRD
$22.2M
| $2.62M | ﹤0.01% |
3,958
| – | – |
|
|
BKS
1715
DELISTED
Barnes & Noble
BKS
| $2.62M | ﹤0.01% |
283,200
+5,100
| +2% | +$50.9K |
|
1716
Atlantic Union Bankshares
AUB
$5.99B
| $2.61M | ﹤0.01% |
74,300
+6,700
| +10% | +$240K |
|
1717
Liberty Media Series C
FWONK
$25.6B
| $2.61M | ﹤0.01% |
79,175
-3,413
| -4% | -$105K |
|
|
DCOM
1718
DELISTED
Dime Community Bancshares
DCOM
| $2.61M | ﹤0.01% |
128,719
+1,200
| +0.9% | +$25K |
|
|
PES
1719
DELISTED
Pioneer Energy Services Corp.
PES
| $2.61M | ﹤0.01% |
652,400
-593,200
| -48% | -$3.3M |
|
1720
Zumiez
ZUMZ
$324M
| $2.61M | ﹤0.01% |
130,700
+69,600
| +114% | +$1.36M |
|
|
GPOR
1721
DELISTED
Gulfport Energy Corp.
GPOR
| $2.61M | ﹤0.01% |
151,800
-6,600
| -4% | -$126K |
|
1722
Insulet
PODD
$10B
| $2.6M | ﹤0.01% |
60,300
-2,600
| -4% | -$112K |
|
1723
Ultragenyx Pharmaceutical
RARE
$2.66B
| $2.6M | ﹤0.01% |
38,300
-1,700
| -4% | -$130K |
|
1724
Cato Corp
CATO
$66.9M
| $2.59M | ﹤0.01% |
118,000
+4,800
| +4% | +$120K |
|
|
WEB
1725
DELISTED
Web.com Group, Inc.
WEB
| $2.59M | ﹤0.01% |
134,000
-800
| -0.6% | -$15.8K |
|
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.