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 | |
|---|---|---|---|---|---|---|
|
NTP
1976
DELISTED
Nam Tai Property Inc.
NTP
| $1.65M | ﹤0.01% |
206,016
| – | – |
|
|
RPT
1977
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $1.65M | ﹤0.01% |
127,513
+1,900
| +2% | +$25.2K |
|
1978
Northrim BanCorp
NRIM
$587M
| $1.64M | ﹤0.01% |
216,272
-14,400
| -6% | -$111K |
|
|
AVX
1979
DELISTED
AVX Corporation
AVX
| $1.64M | ﹤0.01% |
100,400
-1,000
| -1% | -$16.5K |
|
|
CRR
1980
DELISTED
Carbo Ceramics Inc.
CRR
| $1.64M | ﹤0.01% |
239,300
-22,000
| -8% | -$181K |
|
1981
Intrepid Potash
IPI
$469M
| $1.64M | ﹤0.01% |
72,430
-25,020
| -26% | -$524K |
|
|
TPCO
1982
DELISTED
Tribune Publishing Company Common Stock
TPCO
| $1.63M | ﹤0.01% |
126,800
-32,600
| -20% | -$422K |
|
1983
Varonis Systems
VRNS
$5B
| $1.63M | ﹤0.01% |
131,400
| – | – |
|
|
UPL
1984
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $1.63M | ﹤0.01% |
+150,119
| New | +$1.69M |
|
1985
Pacific Biosciences
PACB
$370M
| $1.63M | ﹤0.01% |
457,400
+249,900
| +120% | +$1.01M |
|
|
EEQ
1986
DELISTED
Enbridge Energy Management Llc
EEQ
| $1.63M | ﹤0.01% |
121,644
-923
| -0.8% | -$13.4K |
|
1987
Peoples Bancorp
PEBO
$1.47B
| $1.63M | ﹤0.01% |
50,600
-5,500
| -10% | -$177K |
|
|
TERP
1988
DELISTED
TerraForm Power, Inc
TERP
| $1.62M | ﹤0.01% |
135,300
| – | – |
|
1989
Option Care Health
OPCH
$3.56B
| $1.62M | ﹤0.01% |
149,050
-16,875
| -10% | -$128K |
|
1990
Cohen & Steers
CNS
$4.3B
| $1.61M | ﹤0.01% |
39,700
+4,800
| +14% | +$191K |
|
1991
James River Group Holdings
JRVR
$217M
| $1.61M | ﹤0.01% |
40,500
-11,200
| -22% | -$459K |
|
1992
WIX.com
WIX
$2.52B
| $1.61M | ﹤0.01% |
23,100
| – | – |
|
|
COBZ
1993
DELISTED
CoBiz Financial,Inc
COBZ
| $1.6M | ﹤0.01% |
92,200
+3,700
| +4% | +$60.9K |
|
|
LTXB
1994
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $1.6M | ﹤0.01% |
42,000
-6,400
| -13% | -$238K |
|
|
KEM
1995
DELISTED
KEMET Corporation
KEM
| $1.6M | ﹤0.01% |
125,100
+35,000
| +39% | +$445K |
|
1996
HealthStream
HSTM
$840M
| $1.6M | ﹤0.01% |
60,700
+2,500
| +4% | +$68.7K |
|
1997
Boyd Gaming
BYD
$6.06B
| $1.59M | ﹤0.01% |
64,300
-7,800
| -11% | -$188K |
|
|
PRO
1998
DELISTED
PROS Holdings
PRO
| $1.59M | ﹤0.01% |
58,200
| – | – |
|
|
LXFT
1999
DELISTED
Luxoft Holding, Inc.
LXFT
| $1.59M | ﹤0.01% |
26,200
+1,700
| +7% | +$107K |
|
2000
Mercantile Bank Corp
MBWM
$1.05B
| $1.59M | ﹤0.01% |
50,600
+2,900
| +6% | +$94.7K |
|
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.