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 |
DuPont de Nemours
DD
|
+$168M |
| 2 |
Microsoft
MSFT
|
+$95.5M |
| 3 |
Apple
AAPL
|
+$66.8M |
| 4 |
Meta Platforms (Facebook)
META
|
+$60.2M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$57.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DD
Du Pont De Nemours E I
DD
|
+$173M |
| 2 |
BHI
Baker Hughes
BHI
|
+$56.5M |
| 3 |
Synchrony
SYF
|
+$38.8M |
| 4 |
Alibaba
BABA
|
+$36.3M |
| 5 |
WFM
Whole Foods Market Inc
WFM
|
+$35M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.95% |
| 2 | Technology | 15.54% |
| 3 | Healthcare | 13.07% |
| 4 | Industrials | 10.95% |
| 5 | Consumer Discretionary | 9.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EEQ
2051
DELISTED
Enbridge Energy Management Llc
EEQ
| $1.54M | ﹤0.01% |
112,026
-9,618
| -8% | -$125K |
|
|
DM
2052
DELISTED
Dominion Energy Midstream Ptr LP
DM
| $1.54M | ﹤0.01% |
48,000
| – | – |
|
|
AVTA
2053
DELISTED
Avantax, Inc. Common Stock
AVTA
| $1.53M | ﹤0.01% |
60,377
+8,977
| +17% | +$203K |
|
2054
Mesa Laboratories
MLAB
$581M
| $1.52M | ﹤0.01% |
10,200
| – | – |
|
|
ZEUS
2055
DELISTED
Olympic Steel
ZEUS
| $1.52M | ﹤0.01% |
68,900
+13,400
| +24% | +$246K |
|
2056
Park Aerospace
PKE
$809M
| $1.51M | ﹤0.01% |
81,749
+1,449
| +2% | +$26.3K |
|
2057
HCI Group
HCI
$2.27B
| $1.51M | ﹤0.01% |
39,495
+3,795
| +11% | +$156K |
|
|
WIRE
2058
DELISTED
Encore Wire Corp
WIRE
| $1.51M | ﹤0.01% |
33,700
| – | – |
|
|
NRE
2059
DELISTED
NorthStar Realty Europe Corp.
NRE
| $1.51M | ﹤0.01% |
117,675
| – | – |
|
2060
Barnes & Noble Education
BNED
$444M
| $1.51M | ﹤0.01% |
2,313
+443
| +24% | +$313K |
|
|
WG
2061
DELISTED
Willbros Group
WG
| $1.5M | ﹤0.01% |
465,956
+74,556
| +19% | +$179K |
|
2062
Materion
MTRN
$5.9B
| $1.5M | ﹤0.01% |
34,740
-5,160
| -13% | -$198K |
|
2063
TriCo Bancshares
TCBK
$1.83B
| $1.5M | ﹤0.01% |
36,749
-1,951
| -5% | -$70.4K |
|
|
LCI
2064
DELISTED
Lannett Company, Inc.
LCI
| $1.5M | ﹤0.01% |
20,287
+762
| +4% | +$55.9K |
|
2065
A10 Networks
ATEN
$2.01B
| $1.5M | ﹤0.01% |
197,700
| – | – |
|
|
SRG
2066
Seritage Growth Properties
SRG
$136M
| $1.49M | ﹤0.01% |
32,364
+2,764
| +9% | +$128K |
|
|
CDR
2067
DELISTED
Cedar Realty Trust, Inc
CDR
| $1.48M | ﹤0.01% |
39,785
+3,346
| +9% | +$114K |
|
|
LJPC
2068
DELISTED
La Jolla Pharmaceutical Company
LJPC
| $1.47M | ﹤0.01% |
42,300
| – | – |
|
2069
ArcBest
ARCB
$3.02B
| $1.47M | ﹤0.01% |
43,786
+9,886
| +29% | +$260K |
|
|
ATCO
2070
DELISTED
Atlas Corp.
ATCO
| $1.46M | ﹤0.01% |
206,400
| – | – |
|
2071
Griffon
GFF
$4.81B
| $1.46M | ﹤0.01% |
65,711
-6,016
| -8% | -$121K |
|
|
I
2072
DELISTED
INTELSAT S. A.
I
| $1.46M | ﹤0.01% |
309,861
-4,939
| -2% | -$18.7K |
|
2073
HealthStream
HSTM
$860M
| $1.45M | ﹤0.01% |
62,188
+1,488
| +2% | +$35.4K |
|
|
CACQ
2074
DELISTED
Caesars Acquisition Company
CACQ
| $1.45M | ﹤0.01% |
67,436
+5,036
| +8% | +$97.4K |
|
2075
CTS Corp
CTS
$1.87B
| $1.44M | ﹤0.01% |
59,853
+1,153
| +2% | +$25.8K |
|
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California Public Employees Retirement System's Q3 2017 Portfolio in Review
As of Q3 2017, California Public Employees Retirement System held 3,426 positions worth $67.3B, up 7.7% from $62.5B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System deployed $2.04B of net new capital in Q3 2017, opening 47 new positions and adding to 1,907 existing holdings. Its largest new stake was Baker Hughes: 919,818 shares worth $33.7M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 18% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Synchrony, an estimated $38.8M trimmed.
- California Public Employees Retirement System's largest Q3 2017 buy was Baker Hughes: 919,818 shares worth $33.7M.
- California Public Employees Retirement System added most to DuPont de Nemours in Q3 2017, an estimated $168M increase.
- California Public Employees Retirement System's biggest Q3 2017 reduction was Synchrony, cutting an estimated $38.8M.
- California Public Employees Retirement System fully exited Du Pont De Nemours E I in Q3 2017, selling an estimated $173M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $67.3B portfolio in Q3 2017.
- California Public Employees Retirement System opened 47 new positions and closed 81 in Q3 2017.
- California Public Employees Retirement System's portfolio value rose 7.7% quarter-over-quarter to $67.3B.
Based on California Public Employees Retirement System's 13F filing for Q3 2017, filed 15 Nov 2017.