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 |
Alphabet (Google) Class A
GOOGL
|
+$386M |
| 2 |
Amazon
AMZN
|
+$108M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$96.6M |
| 4 |
Unilever
UL
|
+$80.9M |
| 5 |
Alibaba
BABA
|
+$80.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$349M |
| 2 |
BCR
CR Bard Inc.
BCR
|
+$61.1M |
| 3 |
Apple
AAPL
|
+$37.1M |
| 4 |
LVLT
Level 3 Communications Inc
LVLT
|
+$32.4M |
| 5 |
BRCD
Brocade Communications Systems, Inc. NEW
BRCD
|
+$17.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.92% |
| 2 | Technology | 15.57% |
| 3 | Healthcare | 12.62% |
| 4 | Industrials | 10.77% |
| 5 | Consumer Discretionary | 10.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2076
Air T
AIRT
$87M
| $1.56M | ﹤0.01% |
94,800
| – | – |
|
2077
Coeur Mining
CDE
$18.7B
| $1.56M | ﹤0.01% |
207,700
+8,100
| +4% | +$63.5K |
|
2078
iShares TIPS Bond ETF
TIP
$14.7B
| $1.56M | ﹤0.01% |
+13,661
| New | +$1.55M |
|
2079
Novanta
NOVT
$6.2B
| $1.55M | ﹤0.01% |
31,030
+630
| +2% | +$30.7K |
|
|
LXFT
2080
DELISTED
Luxoft Holding, Inc.
LXFT
| $1.55M | ﹤0.01% |
27,817
-731
| -3% | -$36.6K |
|
|
GBNK
2081
DELISTED
Guaranty Bancorp
GBNK
| $1.55M | ﹤0.01% |
55,908
-9,611
| -15% | -$273K |
|
2082
AMC Entertainment Holdings
AMC
$2.16B
| $1.54M | ﹤0.01% |
10,228
+4,100
| +67% | +$576K |
|
2083
National Healthcare
NHC
$3.46B
| $1.54M | ﹤0.01% |
25,323
+2,770
| +12% | +$177K |
|
|
PRO
2084
DELISTED
PROS Holdings
PRO
| $1.54M | ﹤0.01% |
58,200
| – | – |
|
|
ACRE
2085
Ares Commercial Real Estate
ACRE
$256M
| $1.54M | ﹤0.01% |
119,065
+26,167
| +28% | +$348K |
|
|
COTV
2086
DELISTED
Cotiviti Holdings, Inc.
COTV
| $1.54M | ﹤0.01% |
47,700
-15,119
| -24% | -$502K |
|
2087
A10 Networks
ATEN
$2.06B
| $1.53M | ﹤0.01% |
197,700
| – | – |
|
|
TTPH
2088
DELISTED
Tetraphase Pharmaceuticals, Inc.
TTPH
| $1.53M | ﹤0.01% |
12,110
| – | – |
|
|
MCHB
2089
Mechanics Bancorp
MCHB
$3.7B
| $1.52M | ﹤0.01% |
52,681
+4,564
| +9% | +$132K |
|
|
HZN
2090
DELISTED
Horizon Global Corporation
HZN
| $1.52M | ﹤0.01% |
108,600
| – | – |
|
|
RTEC
2091
DELISTED
Rudolph Technologies Inc
RTEC
| $1.52M | ﹤0.01% |
63,656
-6,574
| -9% | -$169K |
|
|
DM
2092
DELISTED
Dominion Energy Midstream Ptr LP
DM
| $1.52M | ﹤0.01% |
49,900
+1,900
| +4% | +$59.8K |
|
2093
National Beverage
FIZZ
$2.91B
| $1.51M | ﹤0.01% |
31,104
+5,268
| +20% | +$270K |
|
|
SCU
2094
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
| $1.51M | ﹤0.01% |
60,600
| – | – |
|
|
FLY
2095
DELISTED
Fly Leasing Limited
FLY
| $1.51M | ﹤0.01% |
117,320
+5,542
| +5% | +$75.9K |
|
2096
SolarEdge
SEDG
$1.98B
| $1.51M | ﹤0.01% |
40,107
+21,349
| +114% | +$735K |
|
2097
Standard Motor Products
SMP
$885M
| $1.51M | ﹤0.01% |
33,524
+4,872
| +17% | +$219K |
|
2098
Arrow Financial
AROW
$644M
| $1.5M | ﹤0.01% |
52,745
+5,493
| +12% | +$162K |
|
|
SRG
2099
Seritage Growth Properties
SRG
$136M
| $1.5M | ﹤0.01% |
37,037
+4,673
| +14% | +$195K |
|
|
GLDD
2100
DELISTED
Great Lakes Dredge & Dock
GLDD
| $1.5M | ﹤0.01% |
276,778
-13,637
| -5% | -$69.4K |
|
Similar funds
California Public Employees Retirement System's Q4 2017 Portfolio in Review
As of Q4 2017, California Public Employees Retirement System held 3,413 positions worth $74B, up 9.9% from $67.3B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System deployed $2.61B of net new capital in Q4 2017, opening 69 new positions and adding to 1,867 existing holdings. Its largest new stake was Unilever: 1,276,444 shares worth $79.5M.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 18% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Alphabet (Google) Class C, an estimated $349M trimmed.
- California Public Employees Retirement System's largest Q4 2017 buy was Unilever: 1,276,444 shares worth $79.5M.
- California Public Employees Retirement System added most to Alphabet (Google) Class A in Q4 2017, an estimated $386M increase.
- California Public Employees Retirement System's biggest Q4 2017 reduction was Alphabet (Google) Class C, cutting an estimated $349M.
- California Public Employees Retirement System fully exited CR Bard Inc. in Q4 2017, selling an estimated $61.1M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $74B portfolio in Q4 2017.
- California Public Employees Retirement System opened 69 new positions and closed 96 in Q4 2017.
- California Public Employees Retirement System's portfolio value rose 9.9% quarter-over-quarter to $74B.
Based on California Public Employees Retirement System's 13F filing for Q4 2017, filed 6 Feb 2018.