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 | |
|---|---|---|---|---|---|---|
|
CMCM
2126
Cheetah Mobile
CMCM
$98.1M
| $1.31M | ﹤0.01% |
24,460
-1,060
| -4% | -$55K |
|
|
HTBK
2127
DELISTED
Heritage Commerce
HTBK
| $1.31M | ﹤0.01% |
93,200
| – | – |
|
2128
Bar Harbor Bankshares
BHB
$660M
| $1.31M | ﹤0.01% |
39,645
+17,145
| +76% | +$503K |
|
|
LBY
2129
DELISTED
Libbey, Inc.
LBY
| $1.31M | ﹤0.01% |
89,900
-1,400
| -2% | -$22.8K |
|
2130
ATN International
ATNI
$494M
| $1.31M | ﹤0.01% |
18,600
+200
| +1% | +$15.2K |
|
|
ACOR
2131
DELISTED
Acorda Therapeutics
ACOR
| $1.31M | ﹤0.01% |
520
-52
| -9% | -$150K |
|
2132
Global Net Lease
GNL
$1.95B
| $1.31M | ﹤0.01% |
54,299
+2,332
| +4% | +$55.4K |
|
|
ENLC
2133
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $1.31M | ﹤0.01% |
67,400
-2,900
| -4% | -$55.2K |
|
|
ASCMA
2134
DELISTED
Ascent Capital Group, Inc. Series A
ASCMA
| $1.3M | ﹤0.01% |
92,300
-16,300
| -15% | -$257K |
|
2135
York Water
YORW
$518M
| $1.3M | ﹤0.01% |
35,000
+11,600
| +50% | +$412K |
|
2136
Weis Markets
WMK
$1.78B
| $1.3M | ﹤0.01% |
21,800
-1,500
| -6% | -$91.9K |
|
|
BFX
2137
DELISTED
BowFlex Inc.
BFX
| $1.3M | ﹤0.01% |
71,100
-3,000
| -4% | -$50.7K |
|
|
AHGP
2138
DELISTED
Alliance Holdings GP
AHGP
| $1.29M | ﹤0.01% |
47,100
-2,100
| -4% | -$60K |
|
|
EGL
2139
DELISTED
Engility Holdings, Inc.
EGL
| $1.29M | ﹤0.01% |
44,600
-1,500
| -3% | -$45.8K |
|
|
PERY
2140
DELISTED
Perry Ellis International Inc
PERY
| $1.29M | ﹤0.01% |
59,900
+8,700
| +17% | +$201K |
|
2141
Atlanta Braves Holdings Series B
BATRK
$3.21B
| $1.29M | ﹤0.01% |
54,364
-2,400
| -4% | -$51.3K |
|
2142
Community Trust Bancorp
CTBI
$1.41B
| $1.28M | ﹤0.01% |
28,060
+500
| +2% | +$23.3K |
|
|
FGP
2143
DELISTED
Ferrellgas Partners, L.P.
FGP
| $1.28M | ﹤0.01% |
214,000
-9,300
| -4% | -$64.5K |
|
|
SCNB
2144
DELISTED
Suffolk Bancorp
SCNB
| $1.28M | ﹤0.01% |
31,700
| – | – |
|
2145
Bassett Furniture
BSET
$169M
| $1.28M | ﹤0.01% |
47,600
+6,100
| +15% | +$167K |
|
|
CCC
2146
DELISTED
Calgon Carbon Corp
CCC
| $1.28M | ﹤0.01% |
87,600
-8,700
| -9% | -$134K |
|
|
AMRI
2147
DELISTED
Albany Molecular Research Inc
AMRI
| $1.28M | ﹤0.01% |
91,100
-6,600
| -7% | -$108K |
|
|
EPE
2148
DELISTED
EP Energy Corporation
EPE
| $1.28M | ﹤0.01% |
268,700
-159,000
| -37% | -$814K |
|
2149
Air T
AIRT
$87M
| $1.27M | ﹤0.01% |
94,800
| – | – |
|
2150
OceanFirst Financial
OCFC
$1.84B
| $1.27M | ﹤0.01% |
45,054
+5,500
| +14% | +$160K |
|
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.