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 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$71.8M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$60.7M |
| 3 |
DXC Technology
DXC
|
+$49.4M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$46.6M |
| 5 |
Amazon
AMZN
|
+$46.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$170M |
| 2 |
Zoetis
ZTS
|
+$71.8M |
| 3 |
Yum! Brands
YUM
|
+$65.1M |
| 4 |
Wells Fargo
WFC
|
+$47.6M |
| 5 |
Zimmer Biomet
ZBH
|
+$42.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.91% |
| 2 | Technology | 15.08% |
| 3 | Healthcare | 13.24% |
| 4 | Industrials | 10.88% |
| 5 | Consumer Discretionary | 10.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1826
Suburban Propane Partners
SPH
$1.18B
| $2.13M | ﹤0.01% |
89,700
+1,800
| +2% | +$44.4K |
|
1827
Mercury Insurance
MCY
$6.07B
| $2.13M | ﹤0.01% |
39,458
-1,600
| -4% | -$90.7K |
|
|
JUNO
1828
DELISTED
Juno Therapeutics, Inc.
JUNO
| $2.13M | ﹤0.01% |
71,200
| – | – |
|
1829
Meritage Homes
MTH
$4.86B
| $2.12M | ﹤0.01% |
100,600
+2,200
| +2% | +$43.7K |
|
|
FNGN
1830
DELISTED
Financial Engines, Inc.
FNGN
| $2.12M | ﹤0.01% |
58,000
+1,100
| +2% | +$43.8K |
|
|
EGOV
1831
DELISTED
NIC Inc
EGOV
| $2.12M | ﹤0.01% |
112,000
+9,900
| +10% | +$202K |
|
|
SN
1832
DELISTED
Sanchez Energy Corporation
SN
| $2.12M | ﹤0.01% |
294,800
+6,400
| +2% | +$47.5K |
|
1833
Civeo
CVEO
$318M
| $2.11M | ﹤0.01% |
83,892
-2,641
| -3% | -$78.7K |
|
1834
Regis Corp
RGS
$70.3M
| $2.11M | ﹤0.01% |
10,289
-535
| -5% | -$110K |
|
1835
Archrock
AROC
$5.8B
| $2.1M | ﹤0.01% |
184,582
-65,500
| -26% | -$750K |
|
|
UHT
1836
Universal Health Realty Income Trust
UHT
$594M
| $2.1M | ﹤0.01% |
26,455
+1,200
| +5% | +$86.5K |
|
|
TRTN
1837
DELISTED
Triton International Limited
TRTN
| $2.1M | ﹤0.01% |
62,900
+1,300
| +2% | +$38.4K |
|
|
AFAM
1838
DELISTED
Almost Family Inc
AFAM
| $2.1M | ﹤0.01% |
34,100
+1,100
| +3% | +$60.2K |
|
|
AIMC
1839
DELISTED
Altra Industrial Motion Corp
AIMC
| $2.1M | ﹤0.01% |
52,700
-1,300
| -2% | -$53.3K |
|
|
DYN
1840
DELISTED
Dynegy, Inc.
DYN
| $2.1M | ﹤0.01% |
253,619
+39,300
| +18% | +$298K |
|
|
CIO
1841
DELISTED
City Office REIT
CIO
| $2.1M | ﹤0.01% |
165,000
| – | – |
|
1842
China Yuchai International
CYD
$1.78B
| $2.09M | ﹤0.01% |
115,000
+30,000
| +35% | +$539K |
|
|
TA
1843
DELISTED
TravelCenters of America LLC
TA
| $2.09M | ﹤0.01% |
102,020
-13,480
| -12% | -$325K |
|
1844
Albany International
AIN
$1.78B
| $2.08M | ﹤0.01% |
39,000
+1,600
| +4% | +$77.5K |
|
|
COTV
1845
DELISTED
Cotiviti Holdings, Inc.
COTV
| $2.08M | ﹤0.01% |
56,000
+11,000
| +24% | +$432K |
|
1846
FRP Holdings
FRPH
$421M
| $2.08M | ﹤0.01% |
90,000
+2,000
| +2% | +$43K |
|
|
PEI
1847
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $2.08M | ﹤0.01% |
12,229
+313
| +3% | +$58.4K |
|
1848
Virtus Investment Partners
VRTS
$1.1B
| $2.08M | ﹤0.01% |
18,700
-68,412
| -79% | -$7.25M |
|
|
ISCA
1849
DELISTED
International Speedway Corp
ISCA
| $2.07M | ﹤0.01% |
55,100
-2,000
| -4% | -$73.4K |
|
|
FMSA
1850
DELISTED
Fairmount Santrol Holdings Inc.
FMSA
| $2.07M | ﹤0.01% |
529,900
+430,600
| +434% | +$2.23M |
|
Similar funds
California Public Employees Retirement System's Q2 2017 Portfolio in Review
As of Q2 2017, California Public Employees Retirement System held 3,462 positions worth $62.5B, up 1.9% from $61.3B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q2 2017: portfolio turnover was 4%. California Public Employees Retirement System opened 57 new positions and exited 83, leaving the 3,462-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 Q2 2017 buy was DXC Technology: 744,634 shares worth $49.4M.
- California Public Employees Retirement System added most to Athene Holding Ltd. Class A Common Shares in Q2 2017, an estimated $71.8M increase.
- California Public Employees Retirement System's biggest Q2 2017 reduction was Zoetis, cutting an estimated $71.8M.
- California Public Employees Retirement System fully exited Yahoo Inc in Q2 2017, selling an estimated $170M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $62.5B portfolio in Q2 2017.
- California Public Employees Retirement System opened 57 new positions and closed 83 in Q2 2017.
- California Public Employees Retirement System's portfolio value rose 1.9% quarter-over-quarter to $62.5B.
Based on California Public Employees Retirement System's 13F filing for Q2 2017, filed 11 Aug 2017.