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 | |
|---|---|---|---|---|---|---|
1776
LendingTree
TREE
$443M
| $2.38M | ﹤0.01% |
19,000
-100
| -0.5% | -$11.4K |
|
1777
US Physical Therapy
USPH
$1.22B
| $2.38M | ﹤0.01% |
36,400
-1,100
| -3% | -$78K |
|
|
NWLI
1778
DELISTED
National Western Life Group, Inc. Class A
NWLI
| $2.37M | ﹤0.01% |
7,800
+200
| +3% | +$61.9K |
|
1779
Suburban Propane Partners
SPH
$1.18B
| $2.37M | ﹤0.01% |
87,900
-3,500
| -4% | -$98.7K |
|
1780
Buckle
BKE
$2.37B
| $2.37M | ﹤0.01% |
127,200
+17,900
| +16% | +$361K |
|
|
BFS
1781
Saul Centers
BFS
$849M
| $2.35M | ﹤0.01% |
38,224
-5,000
| -12% | -$319K |
|
|
ZAYO
1782
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $2.34M | ﹤0.01% |
71,300
+36,000
| +102% | +$1.15M |
|
1783
Orthofix Medical
OFIX
$429M
| $2.34M | ﹤0.01% |
61,400
+2,800
| +5% | +$104K |
|
1784
Green Dot
GDOT
$755M
| $2.34M | ﹤0.01% |
70,100
-4,600
| -6% | -$130K |
|
1785
Clearway Energy Class C
CWEN
$7.06B
| $2.34M | ﹤0.01% |
132,100
-4,700
| -3% | -$79.5K |
|
1786
Patrick Industries
PATK
$2.8B
| $2.33M | ﹤0.01% |
74,025
+450
| +0.6% | +$15.6K |
|
|
OMN
1787
DELISTED
OMNOVA Solutions Inc.
OMN
| $2.33M | ﹤0.01% |
235,600
-4,500
| -2% | -$41.5K |
|
1788
Golar LNG
GLNG
$5.16B
| $2.33M | ﹤0.01% |
83,400
-3,600
| -4% | -$96.2K |
|
|
RESI
1789
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $2.33M | ﹤0.01% |
152,700
+48,600
| +47% | +$633K |
|
1790
E.W. Scripps
SSP
$290M
| $2.33M | ﹤0.01% |
99,200
-4,300
| -4% | -$90.6K |
|
1791
First Bancorp
FBNC
$2.69B
| $2.32M | ﹤0.01% |
79,100
+6,100
| +8% | +$178K |
|
1792
Terreno Realty
TRNO
$7.47B
| $2.31M | ﹤0.01% |
82,600
-3,500
| -4% | -$96.7K |
|
|
MGI
1793
DELISTED
MoneyGram International, Inc. New
MGI
| $2.31M | ﹤0.01% |
137,600
-11,300
| -8% | -$152K |
|
|
BEL
1794
DELISTED
Belmond Ltd.
BEL
| $2.31M | ﹤0.01% |
191,000
-21,200
| -10% | -$279K |
|
|
KAMN
1795
DELISTED
Kaman Corp
KAMN
| $2.31M | ﹤0.01% |
48,000
-2,000
| -4% | -$100K |
|
|
WSTC
1796
DELISTED
West Corporation
WSTC
| $2.31M | ﹤0.01% |
94,500
+11,900
| +14% | +$291K |
|
|
CLD
1797
DELISTED
Cloud Peak Energy Inc
CLD
| $2.31M | ﹤0.01% |
503,700
-7,500
| -1% | -$37.8K |
|
1798
Alliance Resource Partners
ARLP
$3.17B
| $2.3M | ﹤0.01% |
106,200
-4,600
| -4% | -$105K |
|
|
MITT
1799
TPG Mortgage Investment Trust
MITT
$216M
| $2.3M | ﹤0.01% |
42,433
-1,634
| -4% | -$86.3K |
|
|
CUB
1800
DELISTED
Cubic Corporation
CUB
| $2.3M | ﹤0.01% |
43,500
-4,800
| -10% | -$242K |
|
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.