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 | |
|---|---|---|---|---|---|---|
|
UHT
2001
Universal Health Realty Income Trust
UHT
$575M
| $1.63M | ﹤0.01% |
25,255
-1,400
| -5% | -$88.6K |
|
|
PGNX
2002
DELISTED
Progenics Pharmaceuticals Inc
PGNX
| $1.63M | ﹤0.01% |
172,200
-7,500
| -4% | -$74.9K |
|
2003
Pathward Financial
CASH
$1.82B
| $1.62M | ﹤0.01% |
54,930
| – | – |
|
2004
GeoPark
GPRK
$611M
| $1.61M | ﹤0.01% |
225,398
-9,739
| -4% | -$53.4K |
|
|
ONIT
2005
Onity Group
ONIT
$330M
| $1.61M | ﹤0.01% |
19,593
+3,760
| +24% | +$287K |
|
|
SPNC
2006
DELISTED
Spectranetics Corp
SPNC
| $1.61M | ﹤0.01% |
55,200
-2,400
| -4% | -$64K |
|
2007
Gorman-Rupp
GRC
$2.18B
| $1.61M | ﹤0.01% |
51,168
-800
| -2% | -$24.9K |
|
|
CALL
2008
DELISTED
magicJack VocalTec Ltd
CALL
| $1.61M | ﹤0.01% |
187,900
+24,300
| +15% | +$190K |
|
|
TLRD
2009
DELISTED
Tailored Brands, Inc.
TLRD
| $1.61M | ﹤0.01% |
107,500
+8,100
| +8% | +$163K |
|
2010
Koppers
KOP
$896M
| $1.6M | ﹤0.01% |
37,900
-32,700
| -46% | -$1.37M |
|
|
AFAM
2011
DELISTED
Almost Family Inc
AFAM
| $1.6M | ﹤0.01% |
33,000
+1,300
| +4% | +$62.1K |
|
2012
GoPro
GPRO
$107M
| $1.59M | ﹤0.01% |
182,800
+3,500
| +2% | +$31.7K |
|
2013
Park Aerospace
PKE
$813M
| $1.59M | ﹤0.01% |
89,000
+700
| +0.8% | +$13K |
|
|
NXGN
2014
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $1.59M | ﹤0.01% |
104,300
+800
| +0.8% | +$11.8K |
|
|
TRTN
2015
DELISTED
Triton International Limited
TRTN
| $1.59M | ﹤0.01% |
61,600
+1,300
| +2% | +$30.2K |
|
2016
Boyd Gaming
BYD
$6.04B
| $1.59M | ﹤0.01% |
72,100
-1,500
| -2% | -$30.5K |
|
2017
Camden National
CAC
$973M
| $1.58M | ﹤0.01% |
36,000
-500
| -1% | -$21.2K |
|
|
JUNO
2018
DELISTED
Juno Therapeutics, Inc.
JUNO
| $1.58M | ﹤0.01% |
71,200
-3,100
| -4% | -$66.5K |
|
|
HOS
2019
DELISTED
Hornbeck Offshore Services, Inc.
HOS
| $1.57M | ﹤0.01% |
355,400
+44,000
| +14% | +$251K |
|
2020
China Yuchai International
CYD
$1.76B
| $1.57M | ﹤0.01% |
85,000
+6,800
| +9% | +$105K |
|
2021
Tidewater
TDW
$4.5B
| $1.57M | ﹤0.01% |
42,409
+9,814
| +30% | +$557K |
|
2022
Casella Waste Systems
CWST
$5.85B
| $1.57M | ﹤0.01% |
111,400
-18,100
| -14% | -$225K |
|
2023
Movado Group
MOV
$827M
| $1.57M | ﹤0.01% |
63,000
+6,700
| +12% | +$170K |
|
2024
WIX.com
WIX
$2.73B
| $1.57M | ﹤0.01% |
23,100
-100
| -0.4% | -$5.88K |
|
2025
Corcept Therapeutics
CORT
$12.2B
| $1.57M | ﹤0.01% |
143,000
-15,600
| -10% | -$137K |
|
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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.