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 | |
|---|---|---|---|---|---|---|
|
LEAF
1951
DELISTED
Leaf Group Ltd.
LEAF
| $1.98M | ﹤0.01% |
200,040
| – | – |
|
|
ENV
1952
DELISTED
ENVESTNET, INC.
ENV
| $1.97M | ﹤0.01% |
39,567
+2,411
| +6% | +$125K |
|
1953
Park-Ohio Holdings
PKOH
$693M
| $1.96M | ﹤0.01% |
42,672
+3,202
| +8% | +$143K |
|
|
EGOV
1954
DELISTED
NIC Inc
EGOV
| $1.96M | ﹤0.01% |
118,023
+3,476
| +3% | +$58.7K |
|
1955
Monarch Casino & Resort
MCRI
$2.22B
| $1.96M | ﹤0.01% |
43,676
+11,476
| +36% | +$509K |
|
1956
Artisan Partners
APAM
$3.06B
| $1.96M | ﹤0.01% |
49,496
+9,196
| +23% | +$341K |
|
|
DX
1957
Dynex Capital
DX
$3.19B
| $1.95M | ﹤0.01% |
92,572
+3,365
| +4% | +$72.1K |
|
1958
Criteo S.A. Ordinary Shares
CRTO
$882M
| $1.95M | ﹤0.01% |
74,710
+2,985
| +4% | +$107K |
|
1959
TFS Financial
TFSL
$4.83B
| $1.94M | ﹤0.01% |
130,046
+1,639
| +1% | +$25.2K |
|
1960
Arbor Realty Trust
ABR
$1.01B
| $1.94M | ﹤0.01% |
224,810
+17,321
| +8% | +$147K |
|
|
AMRN
1961
Amarin Corp
AMRN
$300M
| $1.93M | ﹤0.01% |
24,105
+580
| +2% | +$40K |
|
|
WWE
1962
DELISTED
World Wrestling Entertainment
WWE
| $1.93M | ﹤0.01% |
63,145
+7,345
| +13% | +$199K |
|
1963
Diodes
DIOD
$4.81B
| $1.93M | ﹤0.01% |
67,242
+8,734
| +15% | +$271K |
|
1964
Metallus
MTUS
$914M
| $1.92M | ﹤0.01% |
126,638
-16,747
| -12% | -$255K |
|
|
MRLN
1965
DELISTED
Marlin Business Services Corp
MRLN
| $1.92M | ﹤0.01% |
85,892
+5,851
| +7% | +$145K |
|
|
TPCO
1966
DELISTED
Tribune Publishing Company Common Stock
TPCO
| $1.92M | ﹤0.01% |
109,371
-16,002
| -13% | -$259K |
|
|
CTRL
1967
DELISTED
Control4 Corporation
CTRL
| $1.92M | ﹤0.01% |
64,633
+5,892
| +10% | +$183K |
|
1968
FreightCar America
RAIL
$257M
| $1.91M | ﹤0.01% |
111,542
+4,324
| +4% | +$74.6K |
|
|
MNTA
1969
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $1.9M | ﹤0.01% |
136,400
+3,200
| +2% | +$43.3K |
|
1970
Evertec
EVTC
$1.78B
| $1.9M | ﹤0.01% |
139,232
+5,203
| +4% | +$73.7K |
|
1971
Universal Electronics
UEIC
$73.1M
| $1.9M | ﹤0.01% |
40,100
+700
| +2% | +$38.8K |
|
|
ICPT
1972
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $1.89M | ﹤0.01% |
32,300
+800
| +3% | +$50.5K |
|
1973
Materion
MTRN
$5.9B
| $1.88M | ﹤0.01% |
38,770
+4,030
| +12% | +$192K |
|
|
QHC
1974
DELISTED
Quorum Health Corporation
QHC
| $1.88M | ﹤0.01% |
301,862
+55,178
| +22% | +$277K |
|
1975
Kinsale Capital Group
KNSL
$8.48B
| $1.88M | ﹤0.01% |
41,800
| – | – |
|
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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.