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 | |
|---|---|---|---|---|---|---|
|
UCTT
1951
Ultra Clean Holdings
UCTT
$3.79B
| $1.76M | ﹤0.01% |
104,400
-72,700
| -41% | -$965K |
|
|
RPT
1952
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $1.76M | ﹤0.01% |
125,613
+2,500
| +2% | +$38.7K |
|
1953
FRP Holdings
FRPH
$424M
| $1.76M | ﹤0.01% |
88,000
-6,000
| -6% | -$117K |
|
|
CLVS
1954
DELISTED
Clovis Oncology, Inc.
CLVS
| $1.76M | ﹤0.01% |
27,600
+2,700
| +11% | +$164K |
|
|
SHLM
1955
DELISTED
Schulman (A.) Inc
SHLM
| $1.75M | ﹤0.01% |
55,800
-55,177
| -50% | -$1.83M |
|
|
FRP
1956
DELISTED
Fairpoint Communications, Inc.
FRP
| $1.75M | ﹤0.01% |
105,700
+10,200
| +11% | +$179K |
|
1957
Stratasys
SSYS
$774M
| $1.75M | ﹤0.01% |
85,300
+7,400
| +9% | +$146K |
|
1958
Compass Diversified
CODI
$924M
| $1.75M | ﹤0.01% |
105,100
-23,700
| -18% | -$404K |
|
|
MNTA
1959
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $1.74M | ﹤0.01% |
130,300
-5,700
| -4% | -$89.3K |
|
|
BRSS
1960
DELISTED
Global Brass & Copper Hldgs, Inc
BRSS
| $1.74M | ﹤0.01% |
50,500
-1,100
| -2% | -$37.4K |
|
1961
Magnachip Semiconductor
MX
$141M
| $1.74M | ﹤0.01% |
181,800
-25,000
| -12% | -$197K |
|
1962
Northrim BanCorp
NRIM
$594M
| $1.73M | ﹤0.01% |
230,672
+8,800
| +4% | +$65.2K |
|
|
PKY
1963
DELISTED
Parkway, Inc.
PKY
| $1.73M | ﹤0.01% |
86,791
-3,600
| -4% | -$75.2K |
|
1964
Albany International
AIN
$1.78B
| $1.72M | ﹤0.01% |
37,400
-2,100
| -5% | -$97.6K |
|
|
INN
1965
Summit Hotel Properties
INN
$665M
| $1.72M | ﹤0.01% |
107,700
-300
| -0.3% | -$4.73K |
|
|
ZIXI
1966
DELISTED
Zix Corporation
ZIXI
| $1.72M | ﹤0.01% |
353,000
+176,500
| +100% | +$871K |
|
|
GTS
1967
DELISTED
Triple-S Management Corporation
GTS
| $1.72M | ﹤0.01% |
102,903
+105
| +0.1% | +$1.88K |
|
|
HNH
1968
DELISTED
Handy & Harman Holdings Ltd.
HNH
| $1.72M | ﹤0.01% |
63,200
-2,800
| -4% | -$74.8K |
|
1969
Geospace Technologies
GEOS
$69.3M
| $1.72M | ﹤0.01% |
105,800
-40,800
| -28% | -$773K |
|
1970
Independent Bank Corp
IBCP
$846M
| $1.72M | ﹤0.01% |
82,945
-28,800
| -26% | -$609K |
|
|
BGFV
1971
DELISTED
Big 5 Sporting Goods
BGFV
| $1.72M | ﹤0.01% |
113,600
-10,400
| -8% | -$158K |
|
|
HW
1972
DELISTED
Headwaters Inc
HW
| $1.71M | ﹤0.01% |
73,000
-8,800
| -11% | -$205K |
|
|
RT
1973
DELISTED
Ruby Tuesday Georgia
RT
| $1.71M | ﹤0.01% |
609,100
+165,500
| +37% | +$360K |
|
|
AMRN
1974
Amarin Corp
AMRN
$300M
| $1.71M | ﹤0.01% |
26,665
+3,140
| +13% | +$199K |
|
1975
Preferred Bank
PFBC
$1.26B
| $1.71M | ﹤0.01% |
31,800
-6,000
| -16% | -$326K |
|
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.