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 |
Chubb
CB
|
+$42.8M |
| 2 |
Broadcom
AVGO
|
+$35.4M |
| 3 |
Chevron
CVX
|
+$26M |
| 4 |
Weyerhaeuser
WY
|
+$23.4M |
| 5 |
Dentsply Sirona
XRAY
|
+$20.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CB
CHUBB CORPORATION
CB
|
+$93.8M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$83.3M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$79.2M |
| 4 |
Meta Platforms (Facebook)
META
|
+$34.9M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$34.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.29% |
| 2 | Technology | 14.48% |
| 3 | Healthcare | 13.34% |
| 4 | Industrials | 10.9% |
| 5 | Consumer Discretionary | 9.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BEAT
2001
DELISTED
BioTelemetry, Inc.
BEAT
| $1.69M | ﹤0.01% |
144,300
+64,800
| +82% | +$724K |
|
2002
Banc of California
BANC
$3.11B
| $1.68M | ﹤0.01% |
96,200
+33,200
| +53% | +$501K |
|
2003
Lattice Semiconductor
LSCC
$18.2B
| $1.68M | ﹤0.01% |
296,500
-61,400
| -17% | -$332K |
|
2004
Agios Pharmaceuticals
AGIO
$2B
| $1.68M | ﹤0.01% |
41,400
-2,500
| -6% | -$107K |
|
2005
TTEC Holdings
TTEC
$77.4M
| $1.68M | ﹤0.01% |
60,500
-3,277
| -5% | -$87.8K |
|
2006
Alamo Group
ALG
$1.99B
| $1.68M | ﹤0.01% |
30,100
+8,300
| +38% | +$441K |
|
|
AIMC
2007
DELISTED
Altra Industrial Motion Corp
AIMC
| $1.67M | ﹤0.01% |
60,200
+1,000
| +2% | +$23.9K |
|
2008
Matrix Service
MTRX
$328M
| $1.67M | ﹤0.01% |
94,300
+9,100
| +11% | +$164K |
|
2009
Quanex
NX
$981M
| $1.66M | ﹤0.01% |
95,800
+6,000
| +7% | +$106K |
|
|
MNR
2010
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $1.66M | ﹤0.01% |
139,600
-4,700
| -3% | -$50.6K |
|
|
CSFL
2011
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $1.66M | ﹤0.01% |
111,400
-14,400
| -11% | -$208K |
|
2012
Sonida Senior Living
SNDA
$1.88B
| $1.66M | ﹤0.01% |
5,960
-187
| -3% | -$48.7K |
|
|
PCBK
2013
DELISTED
Pacific Continental Corp
PCBK
| $1.66M | ﹤0.01% |
102,600
+15,900
| +18% | +$244K |
|
2014
OFG Bancorp
OFG
$2.26B
| $1.65M | ﹤0.01% |
236,600
+85,300
| +56% | +$521K |
|
2015
UNIFI
UFI
$120M
| $1.65M | ﹤0.01% |
72,100
-23,800
| -25% | -$565K |
|
|
RICE
2016
DELISTED
Rice Energy Inc.
RICE
| $1.65M | ﹤0.01% |
118,200
-7,200
| -6% | -$74.9K |
|
|
ITCI
2017
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $1.65M | ﹤0.01% |
59,300
-19,400
| -25% | -$647K |
|
2018
Theravance Biopharma
TBPH
$878M
| $1.65M | ﹤0.01% |
87,600
-5,300
| -6% | -$86.7K |
|
|
EPIQ
2019
DELISTED
EPIQ SYSTEMS INC
EPIQ
| $1.65M | ﹤0.01% |
109,600
+3,600
| +3% | +$46.2K |
|
|
HSII
2020
DELISTED
Heidrick & Struggles
HSII
| $1.64M | ﹤0.01% |
69,375
+7,500
| +12% | +$182K |
|
|
TVPT
2021
DELISTED
Travelport Worldwide Limited
TVPT
| $1.64M | ﹤0.01% |
120,000
+28,100
| +31% | +$337K |
|
|
XOXO
2022
DELISTED
Xo Group Inc
XOXO
| $1.64M | ﹤0.01% |
101,900
-900
| -0.9% | -$13.5K |
|
|
INVN
2023
DELISTED
Invensense Inc
INVN
| $1.63M | ﹤0.01% |
194,000
-57,100
| -23% | -$453K |
|
|
EPE
2024
DELISTED
EP Energy Corporation
EPE
| $1.62M | ﹤0.01% |
359,400
+203,800
| +131% | +$747K |
|
2025
Paycom
PAYC
$10.1B
| $1.62M | ﹤0.01% |
45,600
-26,800
| -37% | -$836K |
|
Similar funds
California Public Employees Retirement System's Q1 2016 Portfolio in Review
As of Q1 2016, California Public Employees Retirement System held 3,700 positions worth $62B, down 1.9% from $63.3B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
California Public Employees Retirement System's Q1 2016 filing shows 73 new, 1,092 increased, 1,697 reduced and 112 closed positions. Its largest new stake was Axalta: 370,700 shares worth $10.8M. The largest sale was CHUBB CORPORATION, an estimated $93.8M.
By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 16% a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System's largest Q1 2016 buy was Axalta: 370,700 shares worth $10.8M.
- California Public Employees Retirement System added most to Chubb in Q1 2016, an estimated $42.8M increase.
- California Public Employees Retirement System's biggest Q1 2016 reduction was Meta Platforms (Facebook), cutting an estimated $34.9M.
- California Public Employees Retirement System fully exited CHUBB CORPORATION in Q1 2016, selling an estimated $93.8M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $62B portfolio in Q1 2016.
- California Public Employees Retirement System opened 73 new positions and closed 112 in Q1 2016.
- California Public Employees Retirement System's portfolio value fell 1.9% quarter-over-quarter to $62B.
Based on California Public Employees Retirement System's 13F filing for Q1 2016, filed 4 May 2016.