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 | |
|---|---|---|---|---|---|---|
2301
MarineMax
HZO
$1.15B
| $970K | ﹤0.01% |
44,800
-1,800
| -4% | -$37.9K |
|
2302
The Bancorp
TBBK
$2.81B
| $967K | ﹤0.01% |
189,700
+35,300
| +23% | +$202K |
|
2303
Travelzoo
TZOO
$73.9M
| $966K | ﹤0.01% |
100,100
-35,900
| -26% | -$335K |
|
|
PMD
2304
DELISTED
Psychemedics Corporation
PMD
| $966K | ﹤0.01% |
48,160
| – | – |
|
|
SGY
2305
DELISTED
Stone Energy
SGY
| $966K | ﹤0.01% |
44,242
-412
| -0.9% | -$13.5K |
|
|
EMKR
2306
DELISTED
Emcore Corp
EMKR
| $965K | ﹤0.01% |
10,727
| – | – |
|
|
CBF
2307
DELISTED
Capital Bank Financial Corp. Class A Common Stock
CBF
| $963K | ﹤0.01% |
22,189
-12,800
| -37% | -$515K |
|
|
CACQ
2308
DELISTED
Caesars Acquisition Company
CACQ
| $961K | ﹤0.01% |
62,400
+14,100
| +29% | +$206K |
|
|
THR
2309
DELISTED
Thermon Group Holdings
THR
| $959K | ﹤0.01% |
46,000
-2,000
| -4% | -$40.1K |
|
|
RST
2310
DELISTED
ROSETTA STONE INC
RST
| $956K | ﹤0.01% |
98,100
+3,900
| +4% | +$32.8K |
|
|
IHC
2311
DELISTED
Independence Holding Company
IHC
| $953K | ﹤0.01% |
51,260
| – | – |
|
2312
Monarch Casino & Resort
MCRI
$2.17B
| $951K | ﹤0.01% |
32,200
-1,400
| -4% | -$36.2K |
|
2313
Neurogene
NGNE
$729M
| $948K | ﹤0.01% |
2,840
| – | – |
|
2314
Progress Software
PRGS
$1.78B
| $947K | ﹤0.01% |
32,600
-27,262
| -46% | -$792K |
|
|
KEYW
2315
DELISTED
The KEYW Holding Corporation
KEYW
| $946K | ﹤0.01% |
100,200
+50,000
| +100% | +$516K |
|
|
TRR
2316
DELISTED
Trc Companies
TRR
| $939K | ﹤0.01% |
53,800
| – | – |
|
2317
QuinStreet
QNST
$1.26B
| $938K | ﹤0.01% |
240,500
| – | – |
|
|
FGL
2318
DELISTED
Fidelity & Guaranty Life
FGL
| $937K | ﹤0.01% |
33,700
| – | – |
|
2319
M/I Homes
MHO
$3.74B
| $936K | ﹤0.01% |
38,200
-1,700
| -4% | -$41.7K |
|
|
IMOS
2320
ChipMOS TECHNOLOGIES
IMOS
$1.84B
| $932K | ﹤0.01% |
44,589
-1,953
| -4% | -$36.8K |
|
2321
First Bancorp
FNLC
$393M
| $931K | ﹤0.01% |
34,163
| – | – |
|
|
AFI
2322
DELISTED
Armstrong Flooring, Inc.
AFI
| $931K | ﹤0.01% |
50,550
-11,700
| -19% | -$237K |
|
|
MOFG
2323
DELISTED
MidWestOne Financial Group
MOFG
| $929K | ﹤0.01% |
27,100
-1,700
| -6% | -$61.2K |
|
2324
OneMain Financial
OMF
$7.27B
| $929K | ﹤0.01% |
37,400
-63,400
| -63% | -$1.59M |
|
2325
Usana Health Sciences
USNA
$265M
| $927K | ﹤0.01% |
16,100
+2,500
| +18% | +$149K |
|
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.