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 | |
|---|---|---|---|---|---|---|
|
TMHC
1926
DELISTED
Taylor Morrison
TMHC
| $1.82M | ﹤0.01% |
75,900
+6,800
| +10% | +$157K |
|
|
CARB
1927
DELISTED
Carbonite Inc
CARB
| $1.82M | ﹤0.01% |
83,400
+12,600
| +18% | +$259K |
|
1928
Lantheus
LNTH
$6.59B
| $1.81M | ﹤0.01% |
102,800
+25,000
| +32% | +$368K |
|
|
MGI
1929
DELISTED
MoneyGram International, Inc. New
MGI
| $1.81M | ﹤0.01% |
105,100
-32,500
| -24% | -$560K |
|
1930
E.W. Scripps
SSP
$304M
| $1.81M | ﹤0.01% |
101,400
+2,200
| +2% | +$43K |
|
|
REV
1931
DELISTED
Revlon, Inc.
REV
| $1.8M | ﹤0.01% |
76,100
+6,400
| +9% | +$145K |
|
|
RATE
1932
DELISTED
Bankrate Inc
RATE
| $1.8M | ﹤0.01% |
140,300
| – | – |
|
1933
Standard Motor Products
SMP
$911M
| $1.8M | ﹤0.01% |
34,500
-200
| -0.6% | -$9.96K |
|
|
EPAY
1934
DELISTED
Bottomline Technologies Inc
EPAY
| $1.8M | ﹤0.01% |
70,000
-300
| -0.4% | -$7.36K |
|
1935
Agios Pharmaceuticals
AGIO
$1.93B
| $1.8M | ﹤0.01% |
34,900
+800
| +2% | +$40.9K |
|
1936
Daktronics
DAKT
$1.04B
| $1.79M | ﹤0.01% |
186,400
-14,000
| -7% | -$132K |
|
|
NXGN
1937
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $1.79M | ﹤0.01% |
104,300
| – | – |
|
1938
Independent Bank
INDB
$3.97B
| $1.79M | ﹤0.01% |
26,900
-2,300
| -8% | -$147K |
|
1939
Cavco Industries
CVCO
$4.55B
| $1.79M | ﹤0.01% |
13,800
-800
| -5% | -$95.5K |
|
1940
CRA International
CRAI
$1.06B
| $1.78M | ﹤0.01% |
49,100
-6,200
| -11% | -$219K |
|
|
BRS
1941
DELISTED
Bristow Group, Inc.
BRS
| $1.78M | ﹤0.01% |
233,100
-22,700
| -9% | -$250K |
|
1942
Artivion
AORT
$1.32B
| $1.78M | ﹤0.01% |
89,300
| – | – |
|
1943
Red Robin
RRGB
$152M
| $1.78M | ﹤0.01% |
27,300
+1,200
| +5% | +$76.2K |
|
|
FOLD
1944
DELISTED
Amicus Therapeutics
FOLD
| $1.78M | ﹤0.01% |
176,800
| – | – |
|
|
MRLN
1945
DELISTED
Marlin Business Services Corp
MRLN
| $1.77M | ﹤0.01% |
70,200
| – | – |
|
1946
Arbor Realty Trust
ABR
$998M
| $1.76M | ﹤0.01% |
210,800
-15,100
| -7% | -$127K |
|
1947
Corcept Therapeutics
CORT
$12B
| $1.75M | ﹤0.01% |
148,200
+5,200
| +4% | +$56.5K |
|
|
SIGM
1948
DELISTED
Sigma Designs Inc
SIGM
| $1.75M | ﹤0.01% |
298,300
| – | – |
|
1949
Malibu Boats
MBUU
$567M
| $1.74M | ﹤0.01% |
67,400
| – | – |
|
|
SGBK
1950
DELISTED
Stonegate Bank
SGBK
| $1.74M | ﹤0.01% |
37,700
-300
| -0.8% | -$13.8K |
|
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.