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 | |
|---|---|---|---|---|---|---|
2126
Aspen Aerogels
ASPN
$522M
| $1.33M | ﹤0.01% |
305,000
| – | – |
|
|
HTBK
2127
DELISTED
Heritage Commerce
HTBK
| $1.33M | ﹤0.01% |
93,200
| – | – |
|
2128
Novanta
NOVT
$6.2B
| $1.32M | ﹤0.01% |
30,400
+5,000
| +20% | +$194K |
|
|
RT
2129
DELISTED
Ruby Tuesday Georgia
RT
| $1.32M | ﹤0.01% |
618,311
+23,111
| +4% | +$47.8K |
|
2130
Artisan Partners
APAM
$3B
| $1.31M | ﹤0.01% |
40,300
+1,300
| +3% | +$40.4K |
|
|
WWE
2131
DELISTED
World Wrestling Entertainment
WWE
| $1.31M | ﹤0.01% |
55,800
| – | – |
|
2132
Alarm.com
ALRM
$2.77B
| $1.31M | ﹤0.01% |
29,007
+14,207
| +96% | +$588K |
|
2133
Alaunos Therapeutics
TCRT
$4.84M
| $1.31M | ﹤0.01% |
1,421
| – | – |
|
2134
Interparfums
IPAR
$3.83B
| $1.31M | ﹤0.01% |
31,700
| – | – |
|
2135
Lattice Semiconductor
LSCC
$18.2B
| $1.31M | ﹤0.01% |
250,800
| – | – |
|
2136
Veracyte
VCYT
$3.72B
| $1.3M | ﹤0.01% |
148,600
| – | – |
|
|
QIWI
2137
DELISTED
QIWI PLC
QIWI
| $1.3M | ﹤0.01% |
76,900
| – | – |
|
|
UPL
2138
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $1.3M | ﹤0.01% |
150,119
| – | – |
|
2139
Biglari Holdings Class B
BH
$1.21B
| $1.3M | ﹤0.01% |
5,850
| – | – |
|
|
MCHB
2140
Mechanics Bancorp
MCHB
$3.7B
| $1.3M | ﹤0.01% |
48,117
+2,917
| +6% | +$75.9K |
|
2141
LivePerson
LPSN
$31.2M
| $1.3M | ﹤0.01% |
6,380
| – | – |
|
|
IHC
2142
DELISTED
Independence Holding Company
IHC
| $1.29M | ﹤0.01% |
51,260
| – | – |
|
2143
V2X
VVX
$2.6B
| $1.29M | ﹤0.01% |
41,759
-1,041
| -2% | -$32.3K |
|
|
HAYN
2144
DELISTED
Haynes International, Inc.
HAYN
| $1.28M | ﹤0.01% |
35,700
+4,300
| +14% | +$139K |
|
|
HSKA
2145
DELISTED
Heska Corp
HSKA
| $1.28M | ﹤0.01% |
14,533
+2,053
| +16% | +$202K |
|
|
QHC
2146
DELISTED
Quorum Health Corporation
QHC
| $1.28M | ﹤0.01% |
246,684
+69,135
| +39% | +$281K |
|
|
AFI
2147
DELISTED
Armstrong Flooring, Inc.
AFI
| $1.28M | ﹤0.01% |
81,051
+20,801
| +35% | +$332K |
|
2148
Peapack-Gladstone Financial
PGC
$800M
| $1.27M | ﹤0.01% |
37,746
+2,981
| +9% | +$93.8K |
|
2149
Monarch Casino & Resort
MCRI
$2.17B
| $1.27M | ﹤0.01% |
32,200
| – | – |
|
2150
NVE Corp
NVEC
$573M
| $1.27M | ﹤0.01% |
16,100
-2,800
| -15% | -$214K |
|
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.