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 | |
|---|---|---|---|---|---|---|
|
MCBC
2076
DELISTED
Macatawa Bank Corp
MCBC
| $1.44M | ﹤0.01% |
145,652
| – | – |
|
|
HTO
2077
H2O America
HTO
$2.56B
| $1.44M | ﹤0.01% |
29,800
-700
| -2% | -$34.5K |
|
|
CARB
2078
DELISTED
Carbonite Inc
CARB
| $1.44M | ﹤0.01% |
70,800
-300
| -0.4% | -$5.63K |
|
|
EXAR
2079
DELISTED
Exar Corporation
EXAR
| $1.44M | ﹤0.01% |
110,400
-5,800
| -5% | -$62.2K |
|
|
BBOX
2080
DELISTED
Black Box Corp
BBOX
| $1.44M | ﹤0.01% |
160,500
+8,700
| +6% | +$93.8K |
|
2081
Alamo Group
ALG
$2.06B
| $1.43M | ﹤0.01% |
18,800
-500
| -3% | -$38.2K |
|
2082
PetMed Express
PETS
$42.1M
| $1.43M | ﹤0.01% |
71,100
-14,300
| -17% | -$302K |
|
|
IPXL
2083
DELISTED
Impax Laboratories, Inc.
IPXL
| $1.42M | ﹤0.01% |
112,400
-4,900
| -4% | -$59.2K |
|
|
NTP
2084
DELISTED
Nam Tai Property Inc.
NTP
| $1.42M | ﹤0.01% |
206,016
| – | – |
|
2085
Arrow Financial
AROW
$644M
| $1.42M | ﹤0.01% |
51,558
-1,106
| -2% | -$32.1K |
|
2086
Caesars Entertainment
CZR
$6.13B
| $1.42M | ﹤0.01% |
75,000
-2,400
| -3% | -$40.5K |
|
|
ZAGG
2087
DELISTED
ZAGG Inc Common Stock (Delaware)
ZAGG
| $1.42M | ﹤0.01% |
197,900
+113,500
| +134% | +$762K |
|
2088
TTEC Holdings
TTEC
$113M
| $1.42M | ﹤0.01% |
47,800
-1,200
| -2% | -$36.2K |
|
2089
Innospec
IOSP
$2.29B
| $1.41M | ﹤0.01% |
21,800
-1,200
| -5% | -$80.3K |
|
2090
HealthStream
HSTM
$859M
| $1.41M | ﹤0.01% |
58,200
-4,900
| -8% | -$114K |
|
|
PRO
2091
DELISTED
PROS Holdings
PRO
| $1.41M | ﹤0.01% |
58,200
-2,600
| -4% | -$58.7K |
|
|
IPCC
2092
DELISTED
Infinity Property & Casualty C
IPCC
| $1.4M | ﹤0.01% |
14,700
-100
| -0.7% | -$9.07K |
|
2093
Liberty Media Series A
FWONA
$23.5B
| $1.4M | ﹤0.01% |
44,782
-1,984
| -4% | -$59.5K |
|
|
FRTA
2094
DELISTED
Forterra, Inc
FRTA
| $1.4M | ﹤0.01% |
71,900
-3,100
| -4% | -$59.7K |
|
2095
VSE Corp
VSEC
$6.21B
| $1.4M | ﹤0.01% |
34,300
-1,500
| -4% | -$58K |
|
2096
Cohen & Steers
CNS
$4.22B
| $1.4M | ﹤0.01% |
34,900
-2,200
| -6% | -$79.6K |
|
2097
Varonis Systems
VRNS
$4.87B
| $1.39M | ﹤0.01% |
131,400
-5,700
| -4% | -$54.6K |
|
2098
Manitowoc
MTW
$681M
| $1.39M | ﹤0.01% |
60,750
-4,625
| -7% | -$114K |
|
|
ALDR
2099
DELISTED
Alder Biopharmaceuticals
ALDR
| $1.38M | ﹤0.01% |
66,500
-2,900
| -4% | -$64.2K |
|
2100
Babcock & Wilcox
BW
$1.32B
| $1.38M | ﹤0.01% |
14,780
+3,570
| +32% | +$500K |
|
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.