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 |
S&P Global
SPGI
|
+$81.9M |
| 2 |
Charter Communications
CHTR
|
+$68.4M |
| 3 |
SHPG
Shire pic
SHPG
|
+$36.9M |
| 4 |
Baxter International
BAX
|
+$25.6M |
| 5 |
Newell Brands
NWL
|
+$17.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$167M |
| 2 |
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
|
+$74.8M |
| 3 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$52.3M |
| 4 |
CAM
CAMERON INTERNATIONAL CORPORATION
CAM
|
+$44.9M |
| 5 |
SNDK
SANDISK CORP
SNDK
|
+$39.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.1% |
| 2 | Technology | 13.84% |
| 3 | Healthcare | 13.69% |
| 4 | Industrials | 10.61% |
| 5 | Consumer Discretionary | 9.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2001
FRP Holdings
FRPH
$425M
| $1.74M | ﹤0.01% |
100,600
-3,200
| -3% | -$54K |
|
2002
Oaktree Specialty Lending
OCSL
$1.13B
| $1.73M | ﹤0.01% |
119,033
-3,700
| -3% | -$56.6K |
|
2003
Rayonier Advanced Materials
RYAM
$590M
| $1.73M | ﹤0.01% |
126,900
+4,700
| +4% | +$57.5K |
|
|
HOS
2004
DELISTED
Hornbeck Offshore Services, Inc.
HOS
| $1.72M | ﹤0.01% |
206,500
+11,000
| +6% | +$105K |
|
2005
First Community Bankshares
FCBC
$918M
| $1.72M | ﹤0.01% |
76,600
-2,000
| -3% | -$42.2K |
|
2006
Pacific Biosciences
PACB
$354M
| $1.71M | ﹤0.01% |
243,300
-7,600
| -3% | -$69.4K |
|
2007
Scorpio Tankers
STNG
$3.72B
| $1.71M | ﹤0.01% |
40,710
-7,850
| -16% | -$440K |
|
|
OMN
2008
DELISTED
OMNOVA Solutions Inc.
OMN
| $1.71M | ﹤0.01% |
235,900
+14,800
| +7% | +$99.5K |
|
|
MTSC
2009
DELISTED
MTS Systems Corp
MTSC
| $1.71M | ﹤0.01% |
39,000
+3,400
| +10% | +$171K |
|
2010
Liberty Media Series C
FWONK
$25.7B
| $1.7M | ﹤0.01% |
92,827
-430,183
| -82% | -$8.37M |
|
|
TLP
2011
DELISTED
Transmontaigne
TLP
| $1.7M | ﹤0.01% |
41,400
+1,500
| +4% | +$59.2K |
|
|
GLDD
2012
DELISTED
Great Lakes Dredge & Dock
GLDD
| $1.7M | ﹤0.01% |
389,700
+64,600
| +20% | +$291K |
|
|
BNCL
2013
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $1.7M | ﹤0.01% |
133,496
-12,000
| -8% | -$163K |
|
|
PPBI
2014
DELISTED
Pacific Premier Bancorp
PPBI
| $1.69M | ﹤0.01% |
70,560
| – | – |
|
|
LL
2015
DELISTED
LL Flooring Holdings, Inc.
LL
| $1.69M | ﹤0.01% |
109,700
+25,600
| +30% | +$355K |
|
2016
Universal Insurance Holdings
UVE
$1.19B
| $1.69M | ﹤0.01% |
90,800
-6,200
| -6% | -$112K |
|
|
EPAY
2017
DELISTED
Bottomline Technologies Inc
EPAY
| $1.69M | ﹤0.01% |
78,300
-2,500
| -3% | -$65.4K |
|
|
CFNL
2018
DELISTED
Cardinal Financial Corp
CFNL
| $1.69M | ﹤0.01% |
76,800
| – | – |
|
2019
Haverty Furniture Companies
HVT
$443M
| $1.68M | ﹤0.01% |
93,300
-1,900
| -2% | -$35.2K |
|
|
HGT
2020
DELISTED
Hugoton Royalty Trust
HGT
| $1.68M | ﹤0.01% |
712,356
| – | – |
|
2021
Agios Pharmaceuticals
AGIO
$1.95B
| $1.68M | ﹤0.01% |
40,100
-1,300
| -3% | -$64.2K |
|
|
UHT
2022
Universal Health Realty Income Trust
UHT
$566M
| $1.68M | ﹤0.01% |
29,355
+3,700
| +14% | +$204K |
|
|
PDLI
2023
DELISTED
PDL BioPharma, Inc.
PDLI
| $1.68M | ﹤0.01% |
534,100
+69,400
| +15% | +$231K |
|
|
KYNB
2024
Kyntra Bio
KYNB
$28.6M
| $1.67M | ﹤0.01% |
4,076
-128
| -3% | -$58.6K |
|
2025
OneMain Financial
OMF
$7.32B
| $1.67M | ﹤0.01% |
73,200
+8,400
| +13% | +$238K |
|
Similar funds
California Public Employees Retirement System's Q2 2016 Portfolio in Review
As of Q2 2016, California Public Employees Retirement System held 3,657 positions worth $61.8B, down 0.39% from $62B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q2 2016: portfolio turnover was 4.4%. California Public Employees Retirement System opened 69 new positions and exited 91, leaving the 3,657-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 15% a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System's largest Q2 2016 buy was S&P Global: 763,288 shares worth $81.9M.
- California Public Employees Retirement System added most to Charter Communications in Q2 2016, an estimated $68.4M increase.
- California Public Employees Retirement System's biggest Q2 2016 reduction was Procter & Gamble, cutting an estimated $33.6M.
- California Public Employees Retirement System fully exited TIME WARNER CABLE INC NEW COM STK in Q2 2016, selling an estimated $167M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $61.8B portfolio in Q2 2016.
- California Public Employees Retirement System opened 69 new positions and closed 91 in Q2 2016.
- California Public Employees Retirement System's portfolio value fell 0.39% quarter-over-quarter to $61.8B.
Based on California Public Employees Retirement System's 13F filing for Q2 2016, filed 3 Aug 2016.