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 |
Chubb
CB
|
+$42.8M |
| 2 |
Broadcom
AVGO
|
+$35.4M |
| 3 |
Chevron
CVX
|
+$26M |
| 4 |
Weyerhaeuser
WY
|
+$23.4M |
| 5 |
Dentsply Sirona
XRAY
|
+$20.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CB
CHUBB CORPORATION
CB
|
+$93.8M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$83.3M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$79.2M |
| 4 |
Meta Platforms (Facebook)
META
|
+$34.9M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$34.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.29% |
| 2 | Technology | 14.48% |
| 3 | Healthcare | 13.34% |
| 4 | Industrials | 10.9% |
| 5 | Consumer Discretionary | 9.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
IQNT
1776
DELISTED
Inteliquent, Inc.
IQNT
| $2.44M | ﹤0.01% |
152,228
+40,100
| +36% | +$663K |
|
1777
AAR Corp
AIR
$5.77B
| $2.44M | ﹤0.01% |
104,700
+15,900
| +18% | +$344K |
|
1778
Lesaka Technologies
LSAK
$414M
| $2.43M | ﹤0.01% |
264,000
+292
| +0.1% | +$2.94K |
|
1779
Kosmos Energy
KOS
$1.51B
| $2.42M | ﹤0.01% |
416,400
-2,900
| -0.7% | -$13.7K |
|
|
GWB
1780
DELISTED
Great Western Bancorp, Inc.
GWB
| $2.42M | ﹤0.01% |
88,700
+41,800
| +89% | +$1.07M |
|
1781
Mercury Systems
MRCY
$6.59B
| $2.41M | ﹤0.01% |
118,896
-16,300
| -12% | -$285K |
|
1782
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.44B
| $2.41M | ﹤0.01% |
125,500
+6,900
| +6% | +$124K |
|
|
PES
1783
DELISTED
Pioneer Energy Services Corp.
PES
| $2.41M | ﹤0.01% |
1,095,900
+344,500
| +46% | +$568K |
|
1784
Kforce
KFRC
$1.08B
| $2.41M | ﹤0.01% |
123,100
+2,900
| +2% | +$55.8K |
|
|
MTGE
1785
DELISTED
MTGE Investment Corp. Common Stock
MTGE
| $2.41M | ﹤0.01% |
164,200
+25,000
| +18% | +$341K |
|
1786
Ubiquiti
UI
$35.3B
| $2.41M | ﹤0.01% |
72,400
+600
| +0.8% | +$18.6K |
|
|
TFM
1787
DELISTED
THE FRESH MARKET, INC COM STK
TFM
| $2.4M | ﹤0.01% |
84,100
-1,100
| -1% | -$25.2K |
|
|
NFBK
1788
DELISTED
Northfield Bancorp
NFBK
| $2.39M | ﹤0.01% |
145,600
-9,500
| -6% | -$148K |
|
1789
First Financial Bancorp
FFBC
$3.6B
| $2.39M | ﹤0.01% |
131,400
+17,200
| +15% | +$292K |
|
1790
Southside Bancshares
SBSI
$984M
| $2.38M | ﹤0.01% |
98,325
| – | – |
|
|
SASR
1791
DELISTED
Sandy Spring Bancorp Inc
SASR
| $2.38M | ﹤0.01% |
85,400
-2,600
| -3% | -$68.8K |
|
1792
Emergent Biosolutions
EBS
$230M
| $2.37M | ﹤0.01% |
65,300
-38,700
| -37% | -$1.37M |
|
1793
OneSpan
OSPN
$624M
| $2.37M | ﹤0.01% |
154,120
-2,300
| -1% | -$34.1K |
|
|
UAM
1794
DELISTED
Universal American Corp
UAM
| $2.37M | ﹤0.01% |
332,200
+41,900
| +14% | +$272K |
|
|
MEG
1795
DELISTED
Media General, Inc
MEG
| $2.36M | ﹤0.01% |
144,800
-11,643
| -7% | -$188K |
|
|
FOLD
1796
DELISTED
Amicus Therapeutics
FOLD
| $2.36M | ﹤0.01% |
279,400
-46,700
| -14% | -$331K |
|
1797
CVB Financial
CVBF
$4.08B
| $2.36M | ﹤0.01% |
135,200
+3,100
| +2% | +$48.9K |
|
1798
Medifast
MED
$128M
| $2.35M | ﹤0.01% |
77,900
+4,400
| +6% | +$129K |
|
|
RSO
1799
DELISTED
Resource Capital Corp.
RSO
| $2.35M | ﹤0.01% |
208,950
+37,700
| +22% | +$403K |
|
|
CUB
1800
DELISTED
Cubic Corporation
CUB
| $2.35M | ﹤0.01% |
58,700
-400
| -0.7% | -$15.4K |
|
Similar funds
California Public Employees Retirement System's Q1 2016 Portfolio in Review
As of Q1 2016, California Public Employees Retirement System held 3,700 positions worth $62B, down 1.9% from $63.3B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
California Public Employees Retirement System's Q1 2016 filing shows 73 new, 1,092 increased, 1,697 reduced and 112 closed positions. Its largest new stake was Axalta: 370,700 shares worth $10.8M. The largest sale was CHUBB CORPORATION, an estimated $93.8M.
By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 16% a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System's largest Q1 2016 buy was Axalta: 370,700 shares worth $10.8M.
- California Public Employees Retirement System added most to Chubb in Q1 2016, an estimated $42.8M increase.
- California Public Employees Retirement System's biggest Q1 2016 reduction was Meta Platforms (Facebook), cutting an estimated $34.9M.
- California Public Employees Retirement System fully exited CHUBB CORPORATION in Q1 2016, selling an estimated $93.8M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $62B portfolio in Q1 2016.
- California Public Employees Retirement System opened 73 new positions and closed 112 in Q1 2016.
- California Public Employees Retirement System's portfolio value fell 1.9% quarter-over-quarter to $62B.
Based on California Public Employees Retirement System's 13F filing for Q1 2016, filed 4 May 2016.