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 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$71.8M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$60.7M |
| 3 |
DXC Technology
DXC
|
+$49.4M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$46.6M |
| 5 |
Amazon
AMZN
|
+$46.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
YHOO
Yahoo Inc
YHOO
|
+$170M |
| 2 |
Zoetis
ZTS
|
+$71.8M |
| 3 |
Yum! Brands
YUM
|
+$65.1M |
| 4 |
Wells Fargo
WFC
|
+$47.6M |
| 5 |
Zimmer Biomet
ZBH
|
+$42.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.91% |
| 2 | Technology | 15.08% |
| 3 | Healthcare | 13.24% |
| 4 | Industrials | 10.88% |
| 5 | Consumer Discretionary | 10.02% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ACET
2201
DELISTED
Aceto Corp
ACET
| $1.11M | ﹤0.01% |
71,900
| – | – |
|
2202
CorVel
CRVL
$3.19B
| $1.11M | ﹤0.01% |
70,200
| – | – |
|
2203
Omega Flex
OFLX
$312M
| $1.11M | ﹤0.01% |
17,200
| – | – |
|
|
SYNT
2204
DELISTED
Syntel Inc
SYNT
| $1.1M | ﹤0.01% |
65,100
| – | – |
|
|
MCBC
2205
DELISTED
Macatawa Bank Corp
MCBC
| $1.1M | ﹤0.01% |
115,552
-30,100
| -21% | -$289K |
|
|
SSI
2206
DELISTED
Stage Stores Inc
SSI
| $1.1M | ﹤0.01% |
527,300
+46,900
| +10% | +$116K |
|
2207
Republic Bancorp
RBCAA
$1.95B
| $1.1M | ﹤0.01% |
30,700
-3,300
| -10% | -$116K |
|
2208
Travelzoo
TZOO
$75.4M
| $1.1M | ﹤0.01% |
100,100
| – | – |
|
2209
Koppers
KOP
$969M
| $1.09M | ﹤0.01% |
30,300
-7,600
| -20% | -$293K |
|
|
CADE
2210
DELISTED
Cadence Bancorporation
CADE
| $1.09M | ﹤0.01% |
+50,000
| New | +$1.12M |
|
|
CTRL
2211
DELISTED
Control4 Corporation
CTRL
| $1.09M | ﹤0.01% |
55,700
+12,300
| +28% | +$221K |
|
|
PERY
2212
DELISTED
Perry Ellis International Inc
PERY
| $1.09M | ﹤0.01% |
56,100
-3,800
| -6% | -$74.5K |
|
2213
M/I Homes
MHO
$3.84B
| $1.09M | ﹤0.01% |
38,200
| – | – |
|
|
AVTA
2214
DELISTED
Avantax, Inc. Common Stock
AVTA
| $1.09M | ﹤0.01% |
51,400
+1,600
| +3% | +$31.7K |
|
|
JAX
2215
DELISTED
J. Alexander's Holdings, Inc.
JAX
| $1.09M | ﹤0.01% |
88,973
| – | – |
|
2216
Financial Institutions
FISI
$821M
| $1.09M | ﹤0.01% |
36,500
+2,600
| +8% | +$82.4K |
|
2217
Peapack-Gladstone Financial
PGC
$812M
| $1.09M | ﹤0.01% |
34,765
+1,000
| +3% | +$30.7K |
|
2218
Argan
AGX
$8.37B
| $1.09M | ﹤0.01% |
18,100
-700
| -4% | -$45.2K |
|
2219
Performance Food Group
PFGC
$18B
| $1.08M | ﹤0.01% |
39,600
+800
| +2% | +$21.2K |
|
2220
Omeros
OMER
$959M
| $1.08M | ﹤0.01% |
54,400
| – | – |
|
|
AFI
2221
DELISTED
Armstrong Flooring, Inc.
AFI
| $1.08M | ﹤0.01% |
60,250
+9,700
| +19% | +$182K |
|
|
ZEUS
2222
DELISTED
Olympic Steel
ZEUS
| $1.08M | ﹤0.01% |
55,500
-15,800
| -22% | -$289K |
|
2223
Washington Trust Bancorp
WASH
$741M
| $1.08M | ﹤0.01% |
20,900
+200
| +1% | +$9.96K |
|
|
ZAGG
2224
DELISTED
ZAGG Inc Common Stock (Delaware)
ZAGG
| $1.07M | ﹤0.01% |
124,000
-73,900
| -37% | -$589K |
|
|
FTD
2225
DELISTED
FTD Companies, Inc. Common Stock
FTD
| $1.07M | ﹤0.01% |
53,500
+11,300
| +27% | +$218K |
|
Similar funds
California Public Employees Retirement System's Q2 2017 Portfolio in Review
As of Q2 2017, California Public Employees Retirement System held 3,462 positions worth $62.5B, up 1.9% from $61.3B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q2 2017: portfolio turnover was 4%. California Public Employees Retirement System opened 57 new positions and exited 83, leaving the 3,462-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 Q2 2017 buy was DXC Technology: 744,634 shares worth $49.4M.
- California Public Employees Retirement System added most to Athene Holding Ltd. Class A Common Shares in Q2 2017, an estimated $71.8M increase.
- California Public Employees Retirement System's biggest Q2 2017 reduction was Zoetis, cutting an estimated $71.8M.
- California Public Employees Retirement System fully exited Yahoo Inc in Q2 2017, selling an estimated $170M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $62.5B portfolio in Q2 2017.
- California Public Employees Retirement System opened 57 new positions and closed 83 in Q2 2017.
- California Public Employees Retirement System's portfolio value rose 1.9% quarter-over-quarter to $62.5B.
Based on California Public Employees Retirement System's 13F filing for Q2 2017, filed 11 Aug 2017.