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 | |
|---|---|---|---|---|---|---|
|
PPBI
1701
DELISTED
Pacific Premier Bancorp
PPBI
| $2.96M | ﹤0.01% |
74,112
-24,985
| -25% | -$983K |
|
|
CVGW
1702
DELISTED
Calavo Growers
CVGW
| $2.96M | ﹤0.01% |
35,089
+563
| +2% | +$41.5K |
|
|
NTP
1703
DELISTED
Nam Tai Property Inc.
NTP
| $2.96M | ﹤0.01% |
236,029
+30,013
| +15% | +$367K |
|
|
TRTN
1704
DELISTED
Triton International Limited
TRTN
| $2.96M | ﹤0.01% |
78,983
+2,500
| +3% | +$96.1K |
|
1705
AAR Corp
AIR
$5.74B
| $2.96M | ﹤0.01% |
75,272
-1,744
| -2% | -$70.2K |
|
|
SEP
1706
DELISTED
Spectra Engy Parters Lp
SEP
| $2.95M | ﹤0.01% |
74,597
+3,000
| +4% | +$126K |
|
|
LHCG
1707
DELISTED
LHC Group LLC
LHCG
| $2.95M | ﹤0.01% |
48,142
-130
| -0.3% | -$8.59K |
|
|
ZAGG
1708
DELISTED
ZAGG Inc Common Stock (Delaware)
ZAGG
| $2.95M | ﹤0.01% |
159,794
+34,095
| +27% | +$638K |
|
1709
CareTrust REIT
CTRE
$9.55B
| $2.95M | ﹤0.01% |
175,822
+27,036
| +18% | +$500K |
|
|
JOBS
1710
DELISTED
51job Inc
JOBS
| $2.95M | ﹤0.01% |
48,409
+1,031
| +2% | +$63.1K |
|
1711
Rambus
RMBS
$10.4B
| $2.94M | ﹤0.01% |
207,096
+7,799
| +4% | +$112K |
|
1712
Synaptics
SYNA
$4.09B
| $2.9M | ﹤0.01% |
72,586
-703
| -1% | -$26.9K |
|
|
RUTH
1713
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $2.9M | ﹤0.01% |
133,765
-935
| -0.7% | -$19.6K |
|
1714
CEVA Inc
CEVA
$889M
| $2.89M | ﹤0.01% |
62,550
+905
| +1% | +$41.5K |
|
1715
REX American Resources
REX
$1.43B
| $2.88M | ﹤0.01% |
208,950
+3,678
| +2% | +$53.9K |
|
1716
Federal Signal
FSS
$7.74B
| $2.88M | ﹤0.01% |
143,167
+514
| +0.4% | +$10.8K |
|
1717
Matrix Service
MTRX
$326M
| $2.88M | ﹤0.01% |
161,506
+14,856
| +10% | +$234K |
|
1718
TTM Technologies
TTMI
$13.7B
| $2.87M | ﹤0.01% |
183,353
+5,800
| +3% | +$93.2K |
|
|
VRS
1719
DELISTED
Verso Corporation
VRS
| $2.87M | ﹤0.01% |
163,451
+64,751
| +66% | +$619K |
|
1720
Star Bulk Carriers
SBLK
$3.17B
| $2.87M | ﹤0.01% |
254,400
-27,488
| -10% | -$285K |
|
1721
United Parks & Resorts
PRKS
$2.07B
| $2.87M | ﹤0.01% |
211,095
+31,804
| +18% | +$396K |
|
|
LL
1722
DELISTED
LL Flooring Holdings, Inc.
LL
| $2.86M | ﹤0.01% |
91,079
-15,935
| -15% | -$504K |
|
1723
Innoviva
INVA
$1.49B
| $2.86M | ﹤0.01% |
201,300
-500
| -0.2% | -$6.67K |
|
|
PRFT
1724
DELISTED
Perficient Inc
PRFT
| $2.85M | ﹤0.01% |
149,582
| – | – |
|
|
IMMU
1725
DELISTED
Immunomedics Inc
IMMU
| $2.85M | ﹤0.01% |
176,417
+21,770
| +14% | +$257K |
|
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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.