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 | |
|---|---|---|---|---|---|---|
|
JKS
2151
JinkoSolar
JKS
$886M
| $1.37M | ﹤0.01% |
56,915
-376
| -0.7% | -$9.46K |
|
2152
Gladstone Investment Corp
GAIN
$651M
| $1.37M | ﹤0.01% |
122,600
+40,600
| +50% | +$430K |
|
2153
Goldgroup Mining Inc.
GORO
$186M
| $1.37M | ﹤0.01% |
310,971
+70,700
| +29% | +$276K |
|
2154
CBIZ
CBZ
$2.95B
| $1.37M | ﹤0.01% |
88,443
+2,400
| +3% | +$37.7K |
|
|
LJPC
2155
DELISTED
La Jolla Pharmaceutical Company
LJPC
| $1.36M | ﹤0.01% |
42,300
| – | – |
|
|
UPL
2156
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $1.36M | ﹤0.01% |
150,119
| – | – |
|
|
HAYN
2157
DELISTED
Haynes International, Inc.
HAYN
| $1.36M | ﹤0.01% |
42,400
+6,700
| +19% | +$228K |
|
|
CADE
2158
DELISTED
Cadence Bancorporation
CADE
| $1.36M | ﹤0.01% |
50,000
| – | – |
|
2159
M/I Homes
MHO
$3.74B
| $1.35M | ﹤0.01% |
39,300
+1,100
| +3% | +$35.9K |
|
2160
Old Second Bancorp
OSBC
$1.29B
| $1.35M | ﹤0.01% |
98,656
+10,659
| +12% | +$142K |
|
2161
Apogee Enterprises
APOG
$887M
| $1.34M | ﹤0.01% |
29,376
-252
| -0.9% | -$12K |
|
2162
CNB Financial Corp
CCNE
$1.02B
| $1.34M | ﹤0.01% |
51,137
+4,775
| +10% | +$133K |
|
|
HIL
2163
DELISTED
Hill International, Inc. Common Stock
HIL
| $1.33M | ﹤0.01% |
244,045
+24,884
| +11% | +$131K |
|
|
FRED
2164
DELISTED
Fred's Inc
FRED
| $1.33M | ﹤0.01% |
328,439
+67,895
| +26% | +$330K |
|
|
MGI
2165
DELISTED
MoneyGram International, Inc. New
MGI
| $1.33M | ﹤0.01% |
100,842
+843
| +0.8% | +$12.3K |
|
|
CBPX
2166
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $1.33M | ﹤0.01% |
47,164
+6,382
| +16% | +$173K |
|
|
CSOD
2167
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $1.33M | ﹤0.01% |
37,547
+11,047
| +42% | +$412K |
|
|
CSFL
2168
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $1.33M | ﹤0.01% |
51,560
-43,067
| -46% | -$1.15M |
|
|
NYRT
2169
DELISTED
New York REIT, Inc.
NYRT
| $1.32M | ﹤0.01% |
33,710
| – | – |
|
2170
HCI Group
HCI
$2.36B
| $1.32M | ﹤0.01% |
44,163
+4,668
| +12% | +$155K |
|
2171
Winmark
WINA
$1.36B
| $1.32M | ﹤0.01% |
10,200
| – | – |
|
2172
Hanmi Financial
HAFC
$939M
| $1.32M | ﹤0.01% |
43,462
-931
| -2% | -$28.7K |
|
2173
Silgan Holdings
SLGN
$4.35B
| $1.31M | ﹤0.01% |
44,689
+4,085
| +10% | +$118K |
|
2174
Horizon Bancorp
HBNC
$1.03B
| $1.31M | ﹤0.01% |
70,601
| – | – |
|
2175
RCI Hospitality Holdings
RICK
$207M
| $1.31M | ﹤0.01% |
46,763
+11,663
| +33% | +$336K |
|
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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.