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 | |
|---|---|---|---|---|---|---|
|
AIG.WS
1976
DELISTED
American International Group, Inc.
AIG.WS
| $1.88M | ﹤0.01% |
103,600
| – | – |
|
1977
ArcBest
ARCB
$3.02B
| $1.87M | ﹤0.01% |
52,387
+8,601
| +20% | +$293K |
|
|
CNBKA
1978
DELISTED
Century Bancorp Inc/Mass
CNBKA
| $1.87M | ﹤0.01% |
23,852
| – | – |
|
|
GTS
1979
DELISTED
Triple-S Management Corporation
GTS
| $1.86M | ﹤0.01% |
78,810
+3,984
| +5% | +$97.1K |
|
|
TBHC
1980
DELISTED
The Brand House Collective
TBHC
| $1.86M | ﹤0.01% |
155,286
+10,723
| +7% | +$131K |
|
|
BZUN
1981
Baozun
BZUN
$169M
| $1.85M | ﹤0.01% |
58,719
+4,083
| +7% | +$132K |
|
|
CARO
1982
DELISTED
Carolina Financial Corp.
CARO
| $1.85M | ﹤0.01% |
49,834
+18,199
| +58% | +$673K |
|
|
CCC
1983
DELISTED
Calgon Carbon Corp
CCC
| $1.85M | ﹤0.01% |
86,768
+2,300
| +3% | +$49.4K |
|
|
LCI
1984
DELISTED
Lannett Company, Inc.
LCI
| $1.84M | ﹤0.01% |
19,873
-414
| -2% | -$40.4K |
|
1985
Columbus McKinnon
CMCO
$565M
| $1.84M | ﹤0.01% |
46,100
+1,000
| +2% | +$38.3K |
|
|
PFC
1986
DELISTED
Premier Financial Corp. Common Stock
PFC
| $1.84M | ﹤0.01% |
70,704
-2,674
| -4% | -$71.8K |
|
|
ENZY
1987
DELISTED
Enzymotec Ltd
ENZY
| $1.84M | ﹤0.01% |
154,900
| – | – |
|
|
USCR
1988
DELISTED
U S Concrete, Inc.
USCR
| $1.83M | ﹤0.01% |
21,877
+700
| +3% | +$55.1K |
|
|
AVX
1989
DELISTED
AVX Corporation
AVX
| $1.83M | ﹤0.01% |
105,565
+2,100
| +2% | +$38.4K |
|
|
INFN
1990
DELISTED
Infinera Corporation Common Stock
INFN
| $1.82M | ﹤0.01% |
288,000
+6,300
| +2% | +$48K |
|
|
NM
1991
DELISTED
Navios Maritime Holdings Inc.
NM
| $1.82M | ﹤0.01% |
151,892
-5,428
| -3% | -$82.8K |
|
|
CGI
1992
DELISTED
Celadon Group Inc
CGI
| $1.82M | ﹤0.01% |
284,648
+26,639
| +10% | +$175K |
|
1993
AeroVironment
AVAV
$9.87B
| $1.82M | ﹤0.01% |
32,400
-8,903
| -22% | -$453K |
|
|
INN
1994
Summit Hotel Properties
INN
$665M
| $1.82M | ﹤0.01% |
119,433
+1,440
| +1% | +$22.3K |
|
1995
ESCO Technologies
ESE
$7.79B
| $1.82M | ﹤0.01% |
30,152
-8,961
| -23% | -$544K |
|
1996
TTEC Holdings
TTEC
$85.2M
| $1.82M | ﹤0.01% |
45,128
-12,563
| -22% | -$517K |
|
1997
Onto Innovation
ONTO
$15.2B
| $1.81M | ﹤0.01% |
72,700
| – | – |
|
|
XCRA
1998
DELISTED
Xcerra Corporation
XCRA
| $1.81M | ﹤0.01% |
185,019
-28,742
| -13% | -$284K |
|
1999
Rush Enterprises Class A
RUSHA
$9.46B
| $1.81M | ﹤0.01% |
80,156
-8,235
| -9% | -$179K |
|
2000
Astec Industries
ASTE
$1.01B
| $1.81M | ﹤0.01% |
30,898
+900
| +3% | +$48.3K |
|
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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.