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 | |
|---|---|---|---|---|---|---|
2076
Lexicon Pharmaceuticals
LXRX
$1.05B
| $1.44M | ﹤0.01% |
117,056
| – | – |
|
2077
Bristow Group
VTOL
$1.37B
| $1.44M | ﹤0.01% |
64,297
-2,053
| -3% | -$39.2K |
|
2078
BlackRock TCP Capital
TCPC
$329M
| $1.44M | ﹤0.01% |
87,200
-10,600
| -11% | -$175K |
|
2079
Ribbon Communications
RBBN
$365M
| $1.44M | ﹤0.01% |
187,797
+11,797
| +7% | +$84.4K |
|
|
XBKS
2080
DELISTED
Xenith Bankshares, Inc. Common Stock
XBKS
| $1.43M | ﹤0.01% |
44,130
| – | – |
|
2081
OceanFirst Financial
OCFC
$1.84B
| $1.43M | ﹤0.01% |
52,115
+4,961
| +11% | +$129K |
|
|
TBRG
2082
DELISTED
TruBridge
TBRG
| $1.43M | ﹤0.01% |
48,484
+4,284
| +10% | +$129K |
|
2083
First Mid Bancshares
FMBH
$1.36B
| $1.43M | ﹤0.01% |
37,302
| – | – |
|
2084
Immersion
IMMR
$256M
| $1.43M | ﹤0.01% |
175,200
| – | – |
|
|
ORIT
2085
DELISTED
Oritani Financial Corp. New
ORIT
| $1.43M | ﹤0.01% |
85,179
+25,979
| +44% | +$427K |
|
2086
Apogee Enterprises
APOG
$908M
| $1.43M | ﹤0.01% |
29,628
-172
| -0.6% | -$8.45K |
|
|
JKS
2087
JinkoSolar
JKS
$894M
| $1.43M | ﹤0.01% |
57,291
+3,191
| +6% | +$83.1K |
|
2088
Commercial Vehicle Group
CVGI
$131M
| $1.42M | ﹤0.01% |
193,444
+28,644
| +17% | +$209K |
|
|
SN
2089
DELISTED
Sanchez Energy Corporation
SN
| $1.42M | ﹤0.01% |
294,800
| – | – |
|
2090
Sonida Senior Living
SNDA
$1.92B
| $1.41M | ﹤0.01% |
7,506
+1,146
| +18% | +$225K |
|
2091
National Healthcare
NHC
$3.43B
| $1.41M | ﹤0.01% |
22,553
+2,353
| +12% | +$152K |
|
|
GLDD
2092
DELISTED
Great Lakes Dredge & Dock
GLDD
| $1.41M | ﹤0.01% |
290,415
+25,015
| +9% | +$104K |
|
|
PRO
2093
DELISTED
PROS Holdings
PRO
| $1.4M | ﹤0.01% |
58,200
| – | – |
|
2094
Camden National
CAC
$967M
| $1.4M | ﹤0.01% |
32,065
-7,535
| -19% | -$308K |
|
2095
CBIZ
CBZ
$2.96B
| $1.4M | ﹤0.01% |
86,043
+2,943
| +4% | +$44.4K |
|
|
KERX
2096
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $1.4M | ﹤0.01% |
196,600
| – | – |
|
2097
ATN International
ATNI
$490M
| $1.39M | ﹤0.01% |
26,435
+4,435
| +20% | +$265K |
|
2098
Coca-Cola Consolidated
COKE
$12B
| $1.39M | ﹤0.01% |
64,510
+8,510
| +15% | +$188K |
|
|
FONR
2099
DELISTED
Fonar
FONR
| $1.39M | ﹤0.01% |
45,575
| – | – |
|
2100
Lands' End
LE
$404M
| $1.39M | ﹤0.01% |
105,169
+7,042
| +7% | +$91.7K |
|
Similar funds
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.