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 | |
|---|---|---|---|---|---|---|
|
LBAI
1876
DELISTED
Lakeland Bancorp Inc
LBAI
| $2.02M | ﹤0.01% |
103,300
-19,100
| -16% | -$368K |
|
|
DX
1877
Dynex Capital
DX
$3.2B
| $2.01M | ﹤0.01% |
94,667
+5,234
| +6% | +$107K |
|
|
PSTB
1878
DELISTED
Park Sterling Corp.
PSTB
| $2.01M | ﹤0.01% |
163,170
+35,800
| +28% | +$415K |
|
|
CIO
1879
DELISTED
City Office REIT
CIO
| $2M | ﹤0.01% |
165,000
| – | – |
|
|
PDLI
1880
DELISTED
PDL BioPharma, Inc.
PDLI
| $2M | ﹤0.01% |
883,300
+219,800
| +33% | +$486K |
|
|
AJRD
1881
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $2M | ﹤0.01% |
92,300
-4,000
| -4% | -$79.1K |
|
|
MIK
1882
DELISTED
Michaels Stores, Inc
MIK
| $1.99M | ﹤0.01% |
89,000
+8,500
| +11% | +$179K |
|
1883
Agios Pharmaceuticals
AGIO
$2.01B
| $1.99M | ﹤0.01% |
34,100
-1,500
| -4% | -$71.9K |
|
|
INVN
1884
DELISTED
Invensense Inc
INVN
| $1.98M | ﹤0.01% |
157,100
-671,400
| -81% | -$8.37M |
|
|
LAYN
1885
DELISTED
Layne Christensen Co
LAYN
| $1.98M | ﹤0.01% |
224,300
-4,100
| -2% | -$40.3K |
|
1886
Heritage Financial
HFWA
$1.21B
| $1.97M | ﹤0.01% |
79,700
+6,100
| +8% | +$153K |
|
1887
Citi Trends
CTRN
$632M
| $1.97M | ﹤0.01% |
116,000
-4,200
| -3% | -$73.1K |
|
|
MODV
1888
DELISTED
ModivCare
MODV
| $1.97M | ﹤0.01% |
44,300
-1,900
| -4% | -$78K |
|
|
RFP
1889
DELISTED
Resolute Forest Products Inc.
RFP
| $1.96M | ﹤0.01% |
359,800
-4,900
| -1% | -$24.3K |
|
1890
Alpha and Omega Semiconductor
AOSL
$1.04B
| $1.96M | ﹤0.01% |
113,900
| – | – |
|
1891
CRA International
CRAI
$1.07B
| $1.95M | ﹤0.01% |
55,300
-4,400
| -7% | -$154K |
|
1892
UFP Industries
UFPI
$5.08B
| $1.94M | ﹤0.01% |
59,100
-16,800
| -22% | -$561K |
|
|
REV
1893
DELISTED
Revlon, Inc.
REV
| $1.94M | ﹤0.01% |
69,700
-800
| -1% | -$25.5K |
|
1894
Coeur Mining
CDE
$18.8B
| $1.94M | ﹤0.01% |
239,800
-175,300
| -42% | -$1.67M |
|
|
LTXB
1895
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $1.93M | ﹤0.01% |
48,400
+12,800
| +36% | +$533K |
|
|
KMG
1896
DELISTED
KMG Chemicals Inc
KMG
| $1.93M | ﹤0.01% |
41,900
-1,300
| -3% | -$50.8K |
|
1897
National Bank Holdings
NBHC
$1.92B
| $1.93M | ﹤0.01% |
59,300
-2,100
| -3% | -$67.6K |
|
1898
Donnelley Financial Solutions
DFIN
$1.18B
| $1.92M | ﹤0.01% |
99,762
+6,300
| +7% | +$142K |
|
|
EEQ
1899
DELISTED
Enbridge Energy Management Llc
EEQ
| $1.92M | ﹤0.01% |
122,567
-4,933
| -4% | -$83.5K |
|
|
HMHC
1900
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $1.92M | ﹤0.01% |
189,100
+33,700
| +22% | +$352K |
|
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.