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 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$71.8M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$60.7M |
| 3 |
DXC Technology
DXC
|
+$49.4M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$46.6M |
| 5 |
Amazon
AMZN
|
+$46.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$170M |
| 2 |
Zoetis
ZTS
|
+$71.8M |
| 3 |
Yum! Brands
YUM
|
+$65.1M |
| 4 |
Wells Fargo
WFC
|
+$47.6M |
| 5 |
Zimmer Biomet
ZBH
|
+$42.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.91% |
| 2 | Technology | 15.08% |
| 3 | Healthcare | 13.24% |
| 4 | Industrials | 10.88% |
| 5 | Consumer Discretionary | 10.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2026
QuidelOrtho
QDEL
$838M
| $1.52M | ﹤0.01% |
56,000
| – | – |
|
|
CNBKA
2027
DELISTED
Century Bancorp Inc/Mass
CNBKA
| $1.52M | ﹤0.01% |
23,852
| – | – |
|
2028
Flotek Industries
FTK
$1.28B
| $1.51M | ﹤0.01% |
28,250
+617
| +2% | +$38.8K |
|
|
NUTR
2029
DELISTED
Nutraceutical International Co
NUTR
| $1.51M | ﹤0.01% |
36,300
| – | – |
|
2030
Laureate Education
LAUR
$5.28B
| $1.51M | ﹤0.01% |
86,200
| – | – |
|
2031
ATN International
ATNI
$492M
| $1.51M | ﹤0.01% |
22,000
+3,400
| +18% | +$231K |
|
|
IPCC
2032
DELISTED
Infinity Property & Casualty C
IPCC
| $1.5M | ﹤0.01% |
16,000
+1,300
| +9% | +$124K |
|
2033
Liberty Media Series A
FWONA
$23.6B
| $1.5M | ﹤0.01% |
44,782
| – | – |
|
|
ANCX
2034
DELISTED
Access National Corp
ANCX
| $1.49M | ﹤0.01% |
56,346
+23,946
| +74% | +$674K |
|
2035
Movado Group
MOV
$841M
| $1.49M | ﹤0.01% |
59,100
-3,900
| -6% | -$90K |
|
2036
Materion
MTRN
$6.04B
| $1.49M | ﹤0.01% |
39,900
-5,800
| -13% | -$205K |
|
|
NRE
2037
DELISTED
NorthStar Realty Europe Corp.
NRE
| $1.49M | ﹤0.01% |
117,675
| – | – |
|
|
YELL
2038
DELISTED
Yellow Corporation Common Stock
YELL
| $1.49M | ﹤0.01% |
134,200
-110,900
| -45% | -$1.1M |
|
|
WRD
2039
DELISTED
WildHorse Resource Development
WRD
| $1.48M | ﹤0.01% |
119,800
| – | – |
|
2040
Park Aerospace
PKE
$819M
| $1.48M | ﹤0.01% |
80,300
-8,700
| -10% | -$151K |
|
2041
Western Midstream Partners
WES
$19.3B
| $1.48M | ﹤0.01% |
34,300
+500
| +1% | +$22K |
|
2042
Bloomin' Brands
BLMN
$938M
| $1.48M | ﹤0.01% |
69,500
+100
| +0.1% | +$2.06K |
|
|
HTO
2043
H2O America
HTO
$2.62B
| $1.48M | ﹤0.01% |
30,000
+200
| +0.7% | +$9.9K |
|
|
ATCO
2044
DELISTED
Atlas Corp.
ATCO
| $1.47M | ﹤0.01% |
206,400
+15,900
| +8% | +$98.8K |
|
2045
The Bancorp
TBBK
$2.84B
| $1.47M | ﹤0.01% |
194,300
+4,600
| +2% | +$28.4K |
|
2046
Geospace Technologies
GEOS
$75.7M
| $1.46M | ﹤0.01% |
105,800
| – | – |
|
2047
Lands' End
LE
$403M
| $1.46M | ﹤0.01% |
98,127
-13,700
| -12% | -$261K |
|
2048
Mesa Laboratories
MLAB
$574M
| $1.46M | ﹤0.01% |
10,200
| – | – |
|
2049
Manitowoc
MTW
$675M
| $1.46M | ﹤0.01% |
60,750
| – | – |
|
2050
Scorpio Tankers
STNG
$3.81B
| $1.46M | ﹤0.01% |
36,750
-1,370
| -4% | -$55.4K |
|
Similar funds
California Public Employees Retirement System's Q2 2017 Portfolio in Review
As of Q2 2017, California Public Employees Retirement System held 3,462 positions worth $62.5B, up 1.9% from $61.3B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q2 2017: portfolio turnover was 4%. California Public Employees Retirement System opened 57 new positions and exited 83, leaving the 3,462-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 Q2 2017 buy was DXC Technology: 744,634 shares worth $49.4M.
- California Public Employees Retirement System added most to Athene Holding Ltd. Class A Common Shares in Q2 2017, an estimated $71.8M increase.
- California Public Employees Retirement System's biggest Q2 2017 reduction was Zoetis, cutting an estimated $71.8M.
- California Public Employees Retirement System fully exited Yahoo Inc in Q2 2017, selling an estimated $170M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $62.5B portfolio in Q2 2017.
- California Public Employees Retirement System opened 57 new positions and closed 83 in Q2 2017.
- California Public Employees Retirement System's portfolio value rose 1.9% quarter-over-quarter to $62.5B.
Based on California Public Employees Retirement System's 13F filing for Q2 2017, filed 11 Aug 2017.