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 | |
|---|---|---|---|---|---|---|
|
MITT
1876
TPG Mortgage Investment Trust
MITT
$225M
| $1.99M | ﹤0.01% |
36,233
-6,200
| -15% | -$345K |
|
1877
Barnes & Noble Education
BNED
$443M
| $1.99M | ﹤0.01% |
1,870
-313
| -14% | -$314K |
|
1878
GeoPark
GPRK
$612M
| $1.99M | ﹤0.01% |
264,152
+38,754
| +17% | +$298K |
|
|
UCTT
1879
Ultra Clean Holdings
UCTT
$3.95B
| $1.98M | ﹤0.01% |
105,800
+1,400
| +1% | +$28.2K |
|
|
PSTB
1880
DELISTED
Park Sterling Corp.
PSTB
| $1.98M | ﹤0.01% |
166,570
+3,400
| +2% | +$40.5K |
|
|
LBAI
1881
DELISTED
Lakeland Bancorp Inc
LBAI
| $1.98M | ﹤0.01% |
104,800
+1,500
| +1% | +$28.9K |
|
1882
Andersons Inc
ANDE
$2.22B
| $1.97M | ﹤0.01% |
57,800
-12,000
| -17% | -$429K |
|
1883
Mercury Systems
MRCY
$6.52B
| $1.97M | ﹤0.01% |
46,900
+800
| +2% | +$31.4K |
|
|
CSFL
1884
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $1.97M | ﹤0.01% |
79,300
-300
| -0.4% | -$7.46K |
|
|
HIBB
1885
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $1.97M | ﹤0.01% |
94,900
+4,400
| +5% | +$108K |
|
|
NEX
1886
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $1.96M | ﹤0.01% |
+122,700
| New | +$1.81M |
|
1887
Bassett Furniture
BSET
$176M
| $1.96M | ﹤0.01% |
51,700
+4,100
| +9% | +$123K |
|
|
AJRD
1888
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $1.96M | ﹤0.01% |
94,300
+2,000
| +2% | +$42.9K |
|
1889
Dine Brands
DIN
$452M
| $1.96M | ﹤0.01% |
44,400
+4,000
| +10% | +$200K |
|
|
ESPR
1890
DELISTED
Esperion Therapeutics
ESPR
| $1.94M | ﹤0.01% |
41,900
| – | – |
|
1891
Agree Realty
ADC
$9.41B
| $1.93M | ﹤0.01% |
42,000
-11,300
| -21% | -$536K |
|
1892
Inogen
INGN
$164M
| $1.93M | ﹤0.01% |
20,200
+1,600
| +9% | +$137K |
|
1893
Lexicon Pharmaceuticals
LXRX
$1.1B
| $1.93M | ﹤0.01% |
117,056
+2,500
| +2% | +$38.7K |
|
1894
MGP Ingredients
MGPI
$375M
| $1.92M | ﹤0.01% |
37,600
| – | – |
|
1895
Tompkins Financial
TMP
$1.42B
| $1.92M | ﹤0.01% |
24,400
-3,200
| -12% | -$258K |
|
1896
TFS Financial
TFSL
$4.93B
| $1.91M | ﹤0.01% |
123,600
+1,500
| +1% | +$24.2K |
|
1897
Helios Technologies
HLIO
$2.76B
| $1.91M | ﹤0.01% |
44,700
+1,600
| +4% | +$64.4K |
|
1898
FreightCar America
RAIL
$260M
| $1.9M | ﹤0.01% |
109,300
-11,000
| -9% | -$171K |
|
|
FIG
1899
DELISTED
Fortress Investment Group Llc
FIG
| $1.9M | ﹤0.01% |
237,600
+13,300
| +6% | +$106K |
|
|
QIWI
1900
DELISTED
QIWI PLC
QIWI
| $1.9M | ﹤0.01% |
76,900
| – | – |
|
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.