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 | |
|---|---|---|---|---|---|---|
2026
Marten Transport
MRTN
$1.2B
| $1.57M | ﹤0.01% |
167,000
-1,500
| -0.9% | -$14.2K |
|
|
XCRA
2027
DELISTED
Xcerra Corporation
XCRA
| $1.57M | ﹤0.01% |
176,200
-7,600
| -4% | -$62.7K |
|
2028
Western Midstream Partners
WES
$19.6B
| $1.56M | ﹤0.01% |
33,800
+13,100
| +63% | +$593K |
|
|
I
2029
DELISTED
INTELSAT S. A.
I
| $1.56M | ﹤0.01% |
375,500
+37,500
| +11% | +$141K |
|
2030
Helios Technologies
HLIO
$2.69B
| $1.56M | ﹤0.01% |
43,100
-1,800
| -4% | -$67.5K |
|
|
ASRT
2031
DELISTED
Assertio
ASRT
| $1.55M | ﹤0.01% |
2,063
-90
| -4% | -$91.2K |
|
2032
Carlyle Group
CG
$17.2B
| $1.55M | ﹤0.01% |
97,300
+5,700
| +6% | +$93.4K |
|
|
WIRE
2033
DELISTED
Encore Wire Corp
WIRE
| $1.55M | ﹤0.01% |
33,700
-1,500
| -4% | -$67.1K |
|
|
HEOP
2034
DELISTED
Heritage Oaks Bancorp
HEOP
| $1.55M | ﹤0.01% |
115,897
+17,000
| +17% | +$225K |
|
|
LMNX
2035
DELISTED
Luminex Corp
LMNX
| $1.54M | ﹤0.01% |
84,000
-4,800
| -5% | -$91.4K |
|
2036
Standex International
SXI
$3.98B
| $1.54M | ﹤0.01% |
15,400
-1,800
| -10% | -$169K |
|
|
OB
2037
DELISTED
Onebeacon Insurance Group Ltd
OB
| $1.54M | ﹤0.01% |
96,300
-4,900
| -5% | -$78K |
|
2038
Great Southern Bancorp
GSBC
$874M
| $1.53M | ﹤0.01% |
30,400
-1,200
| -4% | -$61K |
|
2039
TriCo Bancshares
TCBK
$1.82B
| $1.53M | ﹤0.01% |
43,200
+5,600
| +15% | +$199K |
|
|
DM
2040
DELISTED
Dominion Energy Midstream Ptr LP
DM
| $1.53M | ﹤0.01% |
48,000
-2,100
| -4% | -$65.8K |
|
|
NSH
2041
DELISTED
NuStar GP Holdings LLC
NSH
| $1.53M | ﹤0.01% |
54,900
-2,200
| -4% | -$64.9K |
|
2042
Materion
MTRN
$5.83B
| $1.53M | ﹤0.01% |
45,700
-2,900
| -6% | -$106K |
|
|
LXFT
2043
DELISTED
Luxoft Holding, Inc.
LXFT
| $1.53M | ﹤0.01% |
24,500
+4,200
| +21% | +$247K |
|
2044
Cooper-Standard Automotive
CPS
$504M
| $1.53M | ﹤0.01% |
13,800
+1,900
| +16% | +$207K |
|
2045
First Financial Corp
THFF
$962M
| $1.53M | ﹤0.01% |
32,200
-500
| -2% | -$24K |
|
|
SODA
2046
DELISTED
SodaStream International Ltd
SODA
| $1.53M | ﹤0.01% |
31,600
-17,600
| -36% | -$800K |
|
|
PTLA
2047
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $1.53M | ﹤0.01% |
39,000
-1,700
| -4% | -$54.1K |
|
|
GBNK
2048
DELISTED
Guaranty Bancorp
GBNK
| $1.53M | ﹤0.01% |
62,700
+8,000
| +15% | +$194K |
|
2049
Red Robin
RRGB
$150M
| $1.53M | ﹤0.01% |
26,100
+2,600
| +11% | +$131K |
|
2050
Boston Beer
SAM
$1.86B
| $1.52M | ﹤0.01% |
10,500
-600
| -5% | -$93.9K |
|
Similar funds
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.