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 |
Chubb
CB
|
+$42.8M |
| 2 |
Broadcom
AVGO
|
+$35.4M |
| 3 |
Chevron
CVX
|
+$26M |
| 4 |
Weyerhaeuser
WY
|
+$23.4M |
| 5 |
Dentsply Sirona
XRAY
|
+$20.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CB
CHUBB CORPORATION
CB
|
+$93.8M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$83.3M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$79.2M |
| 4 |
Meta Platforms (Facebook)
META
|
+$34.9M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$34.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.29% |
| 2 | Technology | 14.48% |
| 3 | Healthcare | 13.34% |
| 4 | Industrials | 10.9% |
| 5 | Consumer Discretionary | 9.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
XCO
2076
DELISTED
Exco Resources
XCO
| $1.5M | ﹤0.01% |
100,771
+21,573
| +27% | +$358K |
|
|
RDEN
2077
DELISTED
ELIZABETH ARDEN INC
RDEN
| $1.5M | ﹤0.01% |
182,600
-6,500
| -3% | -$46.1K |
|
2078
Gorman-Rupp
GRC
$2.11B
| $1.49M | ﹤0.01% |
57,468
-5,400
| -9% | -$135K |
|
|
NRE
2079
DELISTED
NorthStar Realty Europe Corp.
NRE
| $1.49M | ﹤0.01% |
128,375
-7,800
| -6% | -$78.8K |
|
|
TLN
2080
DELISTED
Talen Energy Corporation
TLN
| $1.49M | ﹤0.01% |
165,400
-15,640
| -9% | -$110K |
|
|
RGLS
2081
DELISTED
Regulus Therapeutics
RGLS
| $1.49M | ﹤0.01% |
1,788
-109
| -6% | -$86.7K |
|
2082
Kadant
KAI
$3.91B
| $1.48M | ﹤0.01% |
32,800
+14,300
| +77% | +$567K |
|
2083
Powell Industries
POWL
$7.43B
| $1.48M | ﹤0.01% |
148,500
+14,700
| +11% | +$130K |
|
2084
Metallus
MTUS
$892M
| $1.47M | ﹤0.01% |
161,800
+52,700
| +48% | +$385K |
|
2085
Flotek Industries
FTK
$1.25B
| $1.47M | ﹤0.01% |
33,417
-6,733
| -17% | -$296K |
|
2086
Extreme Networks
EXTR
$3.16B
| $1.47M | ﹤0.01% |
471,800
-213,800
| -31% | -$657K |
|
|
ZOES
2087
DELISTED
Zoe's Kitchen, Inc.
ZOES
| $1.47M | ﹤0.01% |
37,600
+19,400
| +107% | +$610K |
|
|
TLP
2088
DELISTED
Transmontaigne
TLP
| $1.46M | ﹤0.01% |
39,900
-1,900
| -5% | -$61.1K |
|
2089
BlackRock TCP Capital
TCPC
$353M
| $1.46M | ﹤0.01% |
98,000
-8,500
| -8% | -$116K |
|
|
INSY
2090
DELISTED
Insys Therapeutics, Inc.
INSY
| $1.46M | ﹤0.01% |
91,400
-5,600
| -6% | -$106K |
|
|
MTL
2091
DELISTED
Mechel PAO American Depository Shares, each representing two ordinary shares (ADSs)
MTL
| $1.46M | ﹤0.01% |
806,450
+110,300
| +16% | +$186K |
|
|
MANT
2092
DELISTED
Mantech International Corp
MANT
| $1.46M | ﹤0.01% |
45,600
+2,200
| +5% | +$64.1K |
|
|
MNTA
2093
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $1.46M | ﹤0.01% |
157,700
-42,900
| -21% | -$462K |
|
|
CCC
2094
DELISTED
Calgon Carbon Corp
CCC
| $1.46M | ﹤0.01% |
103,800
-8,000
| -7% | -$122K |
|
|
ACHN
2095
DELISTED
Achillion Pharmaceuticals
ACHN
| $1.45M | ﹤0.01% |
188,300
-11,400
| -6% | -$83.5K |
|
2096
Seacoast Banking Corp of Florida
SBCF
$3.48B
| $1.45M | ﹤0.01% |
91,900
-13,900
| -13% | -$206K |
|
|
GLDD
2097
DELISTED
Great Lakes Dredge & Dock
GLDD
| $1.45M | ﹤0.01% |
325,100
+57,500
| +21% | +$206K |
|
2098
Calix
CALX
$2.51B
| $1.45M | ﹤0.01% |
204,100
-8,700
| -4% | -$61.5K |
|
2099
Immersion
IMMR
$248M
| $1.45M | ﹤0.01% |
175,200
| – | – |
|
2100
National Healthcare
NHC
$3.44B
| $1.45M | ﹤0.01% |
23,200
+5,000
| +27% | +$311K |
|
Similar funds
California Public Employees Retirement System's Q1 2016 Portfolio in Review
As of Q1 2016, California Public Employees Retirement System held 3,700 positions worth $62B, down 1.9% from $63.3B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
California Public Employees Retirement System's Q1 2016 filing shows 73 new, 1,092 increased, 1,697 reduced and 112 closed positions. Its largest new stake was Axalta: 370,700 shares worth $10.8M. The largest sale was CHUBB CORPORATION, an estimated $93.8M.
By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 16% a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System's largest Q1 2016 buy was Axalta: 370,700 shares worth $10.8M.
- California Public Employees Retirement System added most to Chubb in Q1 2016, an estimated $42.8M increase.
- California Public Employees Retirement System's biggest Q1 2016 reduction was Meta Platforms (Facebook), cutting an estimated $34.9M.
- California Public Employees Retirement System fully exited CHUBB CORPORATION in Q1 2016, selling an estimated $93.8M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $62B portfolio in Q1 2016.
- California Public Employees Retirement System opened 73 new positions and closed 112 in Q1 2016.
- California Public Employees Retirement System's portfolio value fell 1.9% quarter-over-quarter to $62B.
Based on California Public Employees Retirement System's 13F filing for Q1 2016, filed 4 May 2016.