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 | |
|---|---|---|---|---|---|---|
|
CAI
1801
DELISTED
CAI International, Inc.
CAI
| $2.3M | ﹤0.01% |
145,900
-12,600
| -8% | -$183K |
|
1802
AdvanSix
ASIX
$459M
| $2.29M | ﹤0.01% |
84,016
+12,400
| +17% | +$321K |
|
1803
Globus Medical
GMED
$11.5B
| $2.28M | ﹤0.01% |
77,000
+10,200
| +15% | +$278K |
|
1804
National CineMedia
NCMI
$352M
| $2.28M | ﹤0.01% |
18,050
+1,990
| +12% | +$268K |
|
|
ARRY
1805
DELISTED
Array Biopharma Inc
ARRY
| $2.28M | ﹤0.01% |
255,000
+9,500
| +4% | +$101K |
|
|
EPZM
1806
DELISTED
Epizyme, Inc
EPZM
| $2.27M | ﹤0.01% |
132,600
-5,800
| -4% | -$77.3K |
|
|
RAS
1807
DELISTED
RAIT Financial Trust
RAS
| $2.27M | ﹤0.01% |
710,400
-42,500
| -6% | -$144K |
|
1808
Kopin
KOPN
$945M
| $2.27M | ﹤0.01% |
554,200
| – | – |
|
1809
KRONOS Worldwide
KRO
$1B
| $2.27M | ﹤0.01% |
138,300
-21,200
| -13% | -$296K |
|
|
ENOC
1810
DELISTED
EnerNOC, Inc.
ENOC
| $2.27M | ﹤0.01% |
377,600
-25,800
| -6% | -$147K |
|
|
KYNB
1811
Kyntra Bio
KYNB
$28.9M
| $2.25M | ﹤0.01% |
3,648
-160
| -4% | -$97.4K |
|
1812
Applied Optoelectronics
AAOI
$11.2B
| $2.24M | ﹤0.01% |
39,900
| – | – |
|
|
TIER
1813
DELISTED
TIER REIT, Inc.
TIER
| $2.23M | ﹤0.01% |
128,700
+900
| +0.7% | +$16.1K |
|
1814
CSP Inc
CSPI
$81M
| $2.23M | ﹤0.01% |
432,906
| – | – |
|
|
EXTN
1815
DELISTED
Exterran Corporation
EXTN
| $2.23M | ﹤0.01% |
70,900
+12,800
| +22% | +$383K |
|
1816
First Busey Corp
BUSE
$2.57B
| $2.23M | ﹤0.01% |
75,695
-5,700
| -7% | -$172K |
|
1817
Tompkins Financial
TMP
$1.42B
| $2.22M | ﹤0.01% |
27,600
-2,100
| -7% | -$185K |
|
1818
WesBanco
WSBC
$4.04B
| $2.22M | ﹤0.01% |
58,316
-7,200
| -11% | -$291K |
|
|
LNW
1819
DELISTED
Light & Wonder
LNW
| $2.22M | ﹤0.01% |
93,900
-120,562
| -56% | -$2.33M |
|
|
TPCO
1820
DELISTED
Tribune Publishing Company Common Stock
TPCO
| $2.22M | ﹤0.01% |
159,400
+24,600
| +18% | +$337K |
|
1821
Barrett Business Services
BBSI
$768M
| $2.22M | ﹤0.01% |
162,400
-2,800
| -2% | -$41.8K |
|
1822
James River Group Holdings
JRVR
$191M
| $2.22M | ﹤0.01% |
51,700
+2,400
| +5% | +$99.6K |
|
|
CNSL
1823
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $2.21M | ﹤0.01% |
94,389
-4,400
| -4% | -$109K |
|
1824
Eagle Bancorp
EGBN
$863M
| $2.2M | ﹤0.01% |
36,890
-400
| -1% | -$24.3K |
|
|
PCBK
1825
DELISTED
Pacific Continental Corp
PCBK
| $2.2M | ﹤0.01% |
89,800
+1,400
| +2% | +$34.6K |
|
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.