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 | |
|---|---|---|---|---|---|---|
2151
QuidelOrtho
QDEL
$938M
| $1.27M | ﹤0.01% |
56,000
-4,900
| -8% | -$101K |
|
2152
Aspen Aerogels
ASPN
$521M
| $1.27M | ﹤0.01% |
305,000
| – | – |
|
2153
BJ's Restaurants
BJRI
$1.46B
| $1.26M | ﹤0.01% |
31,300
-3,300
| -10% | -$122K |
|
|
LJPC
2154
DELISTED
La Jolla Pharmaceutical Company
LJPC
| $1.26M | ﹤0.01% |
42,300
+5,000
| +13% | +$128K |
|
2155
First Mid Bancshares
FMBH
$1.36B
| $1.26M | ﹤0.01% |
37,302
| – | – |
|
|
FOLD
2156
DELISTED
Amicus Therapeutics
FOLD
| $1.26M | ﹤0.01% |
176,800
-7,700
| -4% | -$48.7K |
|
2157
Banc of California
BANC
$3B
| $1.25M | ﹤0.01% |
60,600
| – | – |
|
2158
Mesa Laboratories
MLAB
$569M
| $1.25M | ﹤0.01% |
10,200
+400
| +4% | +$49K |
|
|
IIP
2159
DELISTED
INTERNAP NETWORK SERVICES CORPORATION
IIP
| $1.25M | ﹤0.01% |
336,400
+28,500
| +9% | +$106K |
|
|
CWEN.A
2160
DELISTED
Clearway Energy Class A
CWEN.A
| $1.25M | ﹤0.01% |
71,800
-3,000
| -4% | -$49.2K |
|
2161
German American Bancorp
GABC
$1.87B
| $1.25M | ﹤0.01% |
39,450
-5,100
| -11% | -$164K |
|
2162
Argan
AGX
$8.15B
| $1.24M | ﹤0.01% |
18,800
-700
| -4% | -$49K |
|
|
SSI
2163
DELISTED
Stage Stores Inc
SSI
| $1.24M | ﹤0.01% |
480,400
+192,400
| +67% | +$517K |
|
2164
Natural Resource Partners
NRP
$1.39B
| $1.24M | ﹤0.01% |
34,340
-600
| -2% | -$22.6K |
|
2165
Silgan Holdings
SLGN
$4.35B
| $1.24M | ﹤0.01% |
41,800
+600
| +1% | +$17.6K |
|
2166
TG Therapeutics
TGTX
$7.52B
| $1.24M | ﹤0.01% |
106,400
-4,600
| -4% | -$33K |
|
|
WWE
2167
DELISTED
World Wrestling Entertainment
WWE
| $1.24M | ﹤0.01% |
55,800
-2,500
| -4% | -$51.3K |
|
|
USCR
2168
DELISTED
U S Concrete, Inc.
USCR
| $1.23M | ﹤0.01% |
19,100
-800
| -4% | -$51.7K |
|
|
MCHB
2169
Mechanics Bancorp
MCHB
$3.7B
| $1.23M | ﹤0.01% |
44,000
-1,900
| -4% | -$52.2K |
|
2170
Laureate Education
LAUR
$5.13B
| $1.23M | ﹤0.01% |
+86,200
| New | +$1.14M |
|
2171
Comfort Systems
FIX
$58.9B
| $1.22M | ﹤0.01% |
33,400
+1,500
| +5% | +$52.1K |
|
|
GLDD
2172
DELISTED
Great Lakes Dredge & Dock
GLDD
| $1.22M | ﹤0.01% |
305,100
+1,300
| +0.4% | +$5.97K |
|
2173
LeMaitre Vascular
LMAT
$1.86B
| $1.22M | ﹤0.01% |
49,547
| – | – |
|
2174
Supernus Pharmaceuticals
SUPN
$2.74B
| $1.22M | ﹤0.01% |
38,900
-1,700
| -4% | -$45.6K |
|
|
GCAP
2175
DELISTED
Gain Capital Holdings, Inc.
GCAP
| $1.22M | ﹤0.01% |
145,800
+14,500
| +11% | +$112K |
|
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.