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 | |
|---|---|---|---|---|---|---|
|
BNCL
1976
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $1.71M | ﹤0.01% |
106,596
+11,200
| +12% | +$190K |
|
1977
Standard Motor Products
SMP
$898M
| $1.71M | ﹤0.01% |
34,700
-1,200
| -3% | -$59.4K |
|
1978
Ingles Markets
IMKTA
$1.64B
| $1.7M | ﹤0.01% |
39,500
+5,500
| +16% | +$253K |
|
1979
Cavco Industries
CVCO
$4.53B
| $1.7M | ﹤0.01% |
14,600
-600
| -4% | -$65.1K |
|
|
TBHC
1980
DELISTED
The Brand House Collective
TBHC
| $1.7M | ﹤0.01% |
136,900
+6,600
| +5% | +$82.9K |
|
1981
Lattice Semiconductor
LSCC
$18.2B
| $1.7M | ﹤0.01% |
245,400
-10,600
| -4% | -$74.9K |
|
1982
OraSure Technologies
OSUR
$272M
| $1.69M | ﹤0.01% |
131,000
-10,600
| -7% | -$110K |
|
1983
Scorpio Tankers
STNG
$3.75B
| $1.69M | ﹤0.01% |
38,120
+1,870
| +5% | +$77.9K |
|
1984
Rush Enterprises Class A
RUSHA
$9.46B
| $1.69M | ﹤0.01% |
114,975
-11,700
| -9% | -$173K |
|
1985
UNIFI
UFI
$133M
| $1.69M | ﹤0.01% |
59,500
-2,600
| -4% | -$74.3K |
|
1986
Biglari Holdings Class B
BH
$1.25B
| $1.69M | ﹤0.01% |
5,850
-300
| -5% | -$87.9K |
|
|
DYN
1987
DELISTED
Dynegy, Inc.
DYN
| $1.69M | ﹤0.01% |
214,319
+21,800
| +11% | +$187K |
|
1988
Intrepid Potash
IPI
$506M
| $1.68M | ﹤0.01% |
97,450
+9,610
| +11% | +$186K |
|
1989
Matrix Service
MTRX
$329M
| $1.68M | ﹤0.01% |
101,500
+12,800
| +14% | +$240K |
|
|
TERP
1990
DELISTED
TerraForm Power, Inc
TERP
| $1.67M | ﹤0.01% |
135,300
-3,400
| -2% | -$41K |
|
1991
Spok Holdings
SPOK
$240M
| $1.66M | ﹤0.01% |
87,600
-2,100
| -2% | -$40.7K |
|
|
EPAY
1992
DELISTED
Bottomline Technologies Inc
EPAY
| $1.66M | ﹤0.01% |
70,300
+600
| +0.9% | +$15.1K |
|
|
AVX
1993
DELISTED
AVX Corporation
AVX
| $1.66M | ﹤0.01% |
101,400
-4,100
| -4% | -$65.6K |
|
|
LCI
1994
DELISTED
Lannett Company, Inc.
LCI
| $1.65M | ﹤0.01% |
18,500
-800
| -4% | -$68.4K |
|
|
CONN
1995
DELISTED
Conn's Inc.
CONN
| $1.65M | ﹤0.01% |
188,300
+41,100
| +28% | +$413K |
|
1996
Lexicon Pharmaceuticals
LXRX
$1.05B
| $1.64M | ﹤0.01% |
114,556
-10,300
| -8% | -$153K |
|
1997
Mercantile Bank Corp
MBWM
$1.05B
| $1.64M | ﹤0.01% |
47,700
+3,900
| +9% | +$131K |
|
1998
Vishay Precision Group
VPG
$886M
| $1.64M | ﹤0.01% |
103,700
| – | – |
|
|
AHRT
1999
AH Realty Trust
AHRT
$504M
| $1.64M | ﹤0.01% |
117,800
+400
| +0.3% | +$5.57K |
|
|
MCF
2000
DELISTED
Contango Oil & Gas Co.
MCF
| $1.64M | ﹤0.01% |
223,552
-1,300
| -0.6% | -$10.2K |
|
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.