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 |
DuPont de Nemours
DD
|
+$168M |
| 2 |
Microsoft
MSFT
|
+$95.5M |
| 3 |
Apple
AAPL
|
+$66.8M |
| 4 |
Meta Platforms (Facebook)
META
|
+$60.2M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$57.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DD
Du Pont De Nemours E I
DD
|
+$173M |
| 2 |
BHI
Baker Hughes
BHI
|
+$56.5M |
| 3 |
Synchrony
SYF
|
+$38.8M |
| 4 |
Alibaba
BABA
|
+$36.3M |
| 5 |
WFM
Whole Foods Market Inc
WFM
|
+$35M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.95% |
| 2 | Technology | 15.54% |
| 3 | Healthcare | 13.07% |
| 4 | Industrials | 10.95% |
| 5 | Consumer Discretionary | 9.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1701
White Mountains Insurance
WTM
$5.04B
| $2.78M | ﹤0.01% |
3,245
-6,455
| -67% | -$5.55M |
|
|
LTRPA
1702
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $2.78M | ﹤0.01% |
224,958
+28,658
| +15% | +$356K |
|
|
KMG
1703
DELISTED
KMG Chemicals Inc
KMG
| $2.77M | ﹤0.01% |
50,543
+1,043
| +2% | +$51.9K |
|
1704
Heritage Financial
HFWA
$1.2B
| $2.76M | ﹤0.01% |
93,591
+11,391
| +14% | +$306K |
|
1705
Boise Cascade
BCC
$2.96B
| $2.76M | ﹤0.01% |
78,993
+4,693
| +6% | +$143K |
|
1706
DHT Holdings
DHT
$2.95B
| $2.75M | ﹤0.01% |
691,858
| – | – |
|
1707
Eagle Bancorp
EGBN
$843M
| $2.75M | ﹤0.01% |
41,068
+2,578
| +7% | +$162K |
|
|
CLVS
1708
DELISTED
Clovis Oncology, Inc.
CLVS
| $2.75M | ﹤0.01% |
33,384
+3,484
| +12% | +$276K |
|
|
KW
1709
DELISTED
Kennedy-Wilson Holdings
KW
| $2.74M | ﹤0.01% |
147,746
+8,346
| +6% | +$161K |
|
|
CCF
1710
DELISTED
Chase Corporation
CCF
| $2.74M | ﹤0.01% |
24,598
+1,898
| +8% | +$193K |
|
1711
Star Bulk Carriers
SBLK
$3.17B
| $2.74M | ﹤0.01% |
281,888
+27,488
| +11% | +$286K |
|
1712
First Financial Bancorp
FFBC
$3.53B
| $2.73M | ﹤0.01% |
104,444
+5,244
| +5% | +$134K |
|
|
FOLD
1713
DELISTED
Amicus Therapeutics
FOLD
| $2.73M | ﹤0.01% |
181,000
+4,200
| +2% | +$55.6K |
|
1714
TTM Technologies
TTMI
$13.7B
| $2.73M | ﹤0.01% |
177,553
-5,547
| -3% | -$86.5K |
|
1715
China Yuchai International
CYD
$1.73B
| $2.73M | ﹤0.01% |
122,531
+7,531
| +7% | +$150K |
|
|
AD
1716
Array Digital Infrastructure
AD
$3.03B
| $2.71M | ﹤0.01% |
76,591
-564
| -0.7% | -$21.2K |
|
1717
Buckle
BKE
$2.4B
| $2.7M | ﹤0.01% |
160,298
+27,598
| +21% | +$438K |
|
1718
Under Armour
UAA
$2.52B
| $2.69M | ﹤0.01% |
+163,538
| New | +$3M |
|
1719
Lesaka Technologies
LSAK
$402M
| $2.69M | ﹤0.01% |
276,264
-11,036
| -4% | -$107K |
|
1720
United Fire Group
UFCS
$1.37B
| $2.69M | ﹤0.01% |
58,712
+3,212
| +6% | +$139K |
|
|
SIR
1721
DELISTED
SELECT INCOME REIT
SIR
| $2.69M | ﹤0.01% |
260,922
+7,714
| +3% | +$79.1K |
|
|
PIR
1722
DELISTED
Pier 1 Imports, Inc.
PIR
| $2.69M | ﹤0.01% |
32,036
+1,696
| +6% | +$152K |
|
|
DCOM
1723
DELISTED
Dime Community Bancshares
DCOM
| $2.68M | ﹤0.01% |
124,632
+1,113
| +0.9% | +$21.9K |
|
|
RESI
1724
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $2.68M | ﹤0.01% |
241,173
+37,573
| +18% | +$458K |
|
1725
Malibu Boats
MBUU
$568M
| $2.67M | ﹤0.01% |
84,317
+16,917
| +25% | +$468K |
|
Similar funds
California Public Employees Retirement System's Q3 2017 Portfolio in Review
As of Q3 2017, California Public Employees Retirement System held 3,426 positions worth $67.3B, up 7.7% from $62.5B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System deployed $2.04B of net new capital in Q3 2017, opening 47 new positions and adding to 1,907 existing holdings. Its largest new stake was Baker Hughes: 919,818 shares worth $33.7M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Synchrony, an estimated $38.8M trimmed.
- California Public Employees Retirement System's largest Q3 2017 buy was Baker Hughes: 919,818 shares worth $33.7M.
- California Public Employees Retirement System added most to DuPont de Nemours in Q3 2017, an estimated $168M increase.
- California Public Employees Retirement System's biggest Q3 2017 reduction was Synchrony, cutting an estimated $38.8M.
- California Public Employees Retirement System fully exited Du Pont De Nemours E I in Q3 2017, selling an estimated $173M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $67.3B portfolio in Q3 2017.
- California Public Employees Retirement System opened 47 new positions and closed 81 in Q3 2017.
- California Public Employees Retirement System's portfolio value rose 7.7% quarter-over-quarter to $67.3B.
Based on California Public Employees Retirement System's 13F filing for Q3 2017, filed 15 Nov 2017.