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 | |
|---|---|---|---|---|---|---|
|
CUB
1776
DELISTED
Cubic Corporation
CUB
| $2.49M | ﹤0.01% |
48,867
+1,367
| +3% | +$62.2K |
|
1777
GeoPark
GPRK
$605M
| $2.49M | ﹤0.01% |
285,060
+20,908
| +8% | +$176K |
|
|
GHL
1778
DELISTED
Greenhill & Co., Inc.
GHL
| $2.48M | ﹤0.01% |
149,692
+6,692
| +5% | +$113K |
|
1779
Archrock
AROC
$5.82B
| $2.48M | ﹤0.01% |
197,953
+13,371
| +7% | +$145K |
|
1780
Suburban Propane Partners
SPH
$1.18B
| $2.48M | ﹤0.01% |
95,216
+5,516
| +6% | +$135K |
|
1781
Pacira BioSciences
PCRX
$974M
| $2.48M | ﹤0.01% |
65,900
+1,200
| +2% | +$48.3K |
|
|
RSO
1782
DELISTED
Resource Capital Corp.
RSO
| $2.47M | ﹤0.01% |
229,244
+17,894
| +8% | +$184K |
|
|
MNTA
1783
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $2.46M | ﹤0.01% |
133,200
| – | – |
|
1784
Resources Connection
RGP
$145M
| $2.46M | ﹤0.01% |
176,887
+11,802
| +7% | +$154K |
|
|
UBNK
1785
DELISTED
United Financial Bancorp, Inc.
UBNK
| $2.46M | ﹤0.01% |
134,204
+2,904
| +2% | +$50.5K |
|
|
TPC
1786
Tutor Perini Cor
TPC
$5.16B
| $2.45M | ﹤0.01% |
86,361
+5,961
| +7% | +$160K |
|
|
IVC
1787
DELISTED
Invacare Corporation
IVC
| $2.44M | ﹤0.01% |
154,603
+1,175
| +0.8% | +$16.8K |
|
1788
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.3B
| $2.43M | ﹤0.01% |
99,656
+5,156
| +5% | +$121K |
|
1789
Donnelley Financial Solutions
DFIN
$1.17B
| $2.42M | ﹤0.01% |
112,481
+9,919
| +10% | +$215K |
|
1790
KRONOS Worldwide
KRO
$986M
| $2.42M | ﹤0.01% |
106,212
-13,188
| -11% | -$271K |
|
1791
Casella Waste Systems
CWST
$5.88B
| $2.42M | ﹤0.01% |
128,899
+17,499
| +16% | +$298K |
|
|
TIER
1792
DELISTED
TIER REIT, Inc.
TIER
| $2.42M | ﹤0.01% |
125,561
+3,061
| +2% | +$56.3K |
|
1793
B&G Foods
BGS
$281M
| $2.42M | ﹤0.01% |
75,924
+5,524
| +8% | +$181K |
|
|
IPHS
1794
DELISTED
Innophos Holdings, Inc.
IPHS
| $2.42M | ﹤0.01% |
49,100
-2,600
| -5% | -$117K |
|
|
ESPR
1795
DELISTED
Esperion Therapeutics
ESPR
| $2.41M | ﹤0.01% |
48,158
+6,258
| +15% | +$302K |
|
1796
Kforce
KFRC
$1.04B
| $2.41M | ﹤0.01% |
119,477
+3,477
| +3% | +$64.5K |
|
1797
Intrepid Potash
IPI
$498M
| $2.41M | ﹤0.01% |
55,296
-17,134
| -24% | -$578K |
|
1798
MGP Ingredients
MGPI
$387M
| $2.41M | ﹤0.01% |
39,761
+2,161
| +6% | +$124K |
|
1799
Agios Pharmaceuticals
AGIO
$1.97B
| $2.41M | ﹤0.01% |
36,100
+1,200
| +3% | +$72.1K |
|
1800
TTEC Holdings
TTEC
$83.7M
| $2.41M | ﹤0.01% |
57,691
+8,591
| +17% | +$348K |
|
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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.