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 |
Alphabet (Google) Class A
GOOGL
|
+$386M |
| 2 |
Amazon
AMZN
|
+$108M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$96.6M |
| 4 |
Unilever
UL
|
+$80.9M |
| 5 |
Alibaba
BABA
|
+$80.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$349M |
| 2 |
BCR
CR Bard Inc.
BCR
|
+$61.1M |
| 3 |
Apple
AAPL
|
+$37.1M |
| 4 |
LVLT
Level 3 Communications Inc
LVLT
|
+$32.4M |
| 5 |
BRCD
Brocade Communications Systems, Inc. NEW
BRCD
|
+$17.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.92% |
| 2 | Technology | 15.57% |
| 3 | Healthcare | 12.62% |
| 4 | Industrials | 10.77% |
| 5 | Consumer Discretionary | 10.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
NEX
1851
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $2.33M | ﹤0.01% |
122,700
| – | – |
|
1852
OFG Bancorp
OFG
$2.2B
| $2.33M | ﹤0.01% |
247,885
+38,186
| +18% | +$343K |
|
1853
Stratasys
SSYS
$769M
| $2.33M | ﹤0.01% |
116,751
+17,005
| +17% | +$371K |
|
1854
Progress Software
PRGS
$1.78B
| $2.32M | ﹤0.01% |
54,602
+18,798
| +53% | +$783K |
|
1855
NN Inc
NNBR
$300M
| $2.32M | ﹤0.01% |
84,000
+1,200
| +1% | +$34.1K |
|
1856
Innospec
IOSP
$2.29B
| $2.31M | ﹤0.01% |
32,788
+3,437
| +12% | +$229K |
|
1857
Mercury Insurance
MCY
$5.92B
| $2.31M | ﹤0.01% |
43,313
+3,721
| +9% | +$205K |
|
1858
The Bancorp
TBBK
$2.81B
| $2.3M | ﹤0.01% |
233,106
+1,227
| +0.5% | +$11.2K |
|
|
BITA
1859
DELISTED
Bitauto Holdings Limited
BITA
| $2.3M | ﹤0.01% |
72,385
-391
| -0.5% | -$15.9K |
|
1860
Ring Energy
REI
$354M
| $2.29M | ﹤0.01% |
165,000
| – | – |
|
1861
Lands' End
LE
$402M
| $2.29M | ﹤0.01% |
117,073
+11,904
| +11% | +$164K |
|
1862
Performance Food Group
PFGC
$17.9B
| $2.29M | ﹤0.01% |
69,092
+20,706
| +43% | +$607K |
|
1863
Marten Transport
MRTN
$1.2B
| $2.29M | ﹤0.01% |
168,906
+7,407
| +5% | +$96.9K |
|
1864
Barnes & Noble Education
BNED
$444M
| $2.28M | ﹤0.01% |
2,763
+450
| +19% | +$297K |
|
|
NWLI
1865
DELISTED
National Western Life Group, Inc. Class A
NWLI
| $2.28M | ﹤0.01% |
6,877
-1,277
| -16% | -$446K |
|
1866
Bloomin' Brands
BLMN
$944M
| $2.27M | ﹤0.01% |
106,467
+16,195
| +18% | +$310K |
|
1867
Haverty Furniture Companies
HVT
$451M
| $2.27M | ﹤0.01% |
100,224
+3,166
| +3% | +$76.2K |
|
|
SIRE
1868
DELISTED
Sisecam Resources LP
SIRE
| $2.27M | ﹤0.01% |
90,000
| – | – |
|
|
HT
1869
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $2.27M | ﹤0.01% |
130,220
+3,152
| +2% | +$56.4K |
|
|
YELL
1870
DELISTED
Yellow Corporation Common Stock
YELL
| $2.26M | ﹤0.01% |
157,408
+13,516
| +9% | +$178K |
|
|
ESIO
1871
DELISTED
Electro Scientific Industries
ESIO
| $2.26M | ﹤0.01% |
105,529
+38,229
| +57% | +$767K |
|
|
RXDX
1872
DELISTED
Ignyta, Inc.
RXDX
| $2.26M | ﹤0.01% |
84,635
+22,835
| +37% | +$371K |
|
1873
Archrock
AROC
$5.81B
| $2.26M | ﹤0.01% |
214,881
+16,928
| +9% | +$184K |
|
1874
First Busey Corp
BUSE
$2.55B
| $2.25M | ﹤0.01% |
75,189
-15,695
| -17% | -$488K |
|
1875
Ethan Allen Interiors
ETD
$598M
| $2.24M | ﹤0.01% |
78,292
+10,131
| +15% | +$297K |
|
Similar funds
California Public Employees Retirement System's Q4 2017 Portfolio in Review
As of Q4 2017, California Public Employees Retirement System held 3,413 positions worth $74B, up 9.9% from $67.3B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System deployed $2.61B of net new capital in Q4 2017, opening 69 new positions and adding to 1,867 existing holdings. Its largest new stake was Unilever: 1,276,444 shares worth $79.5M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Alphabet (Google) Class C, an estimated $349M trimmed.
- California Public Employees Retirement System's largest Q4 2017 buy was Unilever: 1,276,444 shares worth $79.5M.
- California Public Employees Retirement System added most to Alphabet (Google) Class A in Q4 2017, an estimated $386M increase.
- California Public Employees Retirement System's biggest Q4 2017 reduction was Alphabet (Google) Class C, cutting an estimated $349M.
- California Public Employees Retirement System fully exited CR Bard Inc. in Q4 2017, selling an estimated $61.1M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $74B portfolio in Q4 2017.
- California Public Employees Retirement System opened 69 new positions and closed 96 in Q4 2017.
- California Public Employees Retirement System's portfolio value rose 9.9% quarter-over-quarter to $74B.
Based on California Public Employees Retirement System's 13F filing for Q4 2017, filed 6 Feb 2018.