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 | |
|---|---|---|---|---|---|---|
2301
TriNet
TNET
$3.09B
| $1.01M | ﹤0.01% |
30,188
+4,488
| +17% | +$157K |
|
2302
Citizens & Northern Corp
CZNC
$454M
| $1.01M | ﹤0.01% |
41,295
+6,195
| +18% | +$143K |
|
2303
The RMR Group
RMR
$335M
| $1.01M | ﹤0.01% |
19,711
+1,818
| +10% | +$89.8K |
|
|
ITI
2304
DELISTED
Iteris, Inc.
ITI
| $1M | ﹤0.01% |
151,000
| – | – |
|
2305
Village Super Market
VLGEA
$616M
| $997K | ﹤0.01% |
40,317
+1,250
| +3% | +$30K |
|
|
CSGS
2306
DELISTED
CSG Systems International
CSGS
| $996K | ﹤0.01% |
24,832
+7,332
| +42% | +$289K |
|
2307
Limoneira
LMNR
$249M
| $996K | ﹤0.01% |
43,000
| – | – |
|
2308
Quanex
NX
$967M
| $996K | ﹤0.01% |
43,400
| – | – |
|
|
WAIR
2309
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $991K | ﹤0.01% |
105,400
| – | – |
|
|
LDR
2310
DELISTED
Landauer Inc
LDR
| $990K | ﹤0.01% |
14,706
-294
| -2% | -$17.8K |
|
|
CVRR
2311
DELISTED
CVR Refining, LP
CVRR
| $989K | ﹤0.01% |
100,400
| – | – |
|
2312
PDF Solutions
PDFS
$1.99B
| $988K | ﹤0.01% |
63,800
-14,500
| -19% | -$234K |
|
|
TAST
2313
DELISTED
Carrols Restaurant Group, Inc.
TAST
| $987K | ﹤0.01% |
90,596
+9,596
| +12% | +$111K |
|
2314
UFP Technologies
UFPT
$2.51B
| $984K | ﹤0.01% |
35,000
| – | – |
|
|
BNFT
2315
DELISTED
Benefitfocus, Inc.
BNFT
| $983K | ﹤0.01% |
29,200
| – | – |
|
2316
Simmons First National
SFNC
$3.4B
| $980K | ﹤0.01% |
33,846
+1,046
| +3% | +$27.9K |
|
|
MIME
2317
DELISTED
Mimecast Limited
MIME
| $978K | ﹤0.01% |
34,413
+6,313
| +22% | +$174K |
|
2318
NACCO Industries
NC
$312M
| $976K | ﹤0.01% |
49,784
| – | – |
|
|
SRGA
2319
DELISTED
Surgalign Holdings, Inc. Common Stock
SRGA
| $976K | ﹤0.01% |
7,147
+120
| +2% | +$18.1K |
|
2320
Assembly Biosciences
ASMB
$530M
| $975K | ﹤0.01% |
2,327
+282
| +14% | +$86.4K |
|
|
FGL
2321
DELISTED
Fidelity & Guaranty Life
FGL
| $973K | ﹤0.01% |
31,326
+5,326
| +20% | +$166K |
|
|
FBC
2322
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $971K | ﹤0.01% |
27,367
+7,167
| +35% | +$230K |
|
2323
PJT Partners
PJT
$4.33B
| $970K | ﹤0.01% |
25,317
-6,100
| -19% | -$242K |
|
2324
Titan Machinery
TITN
$426M
| $970K | ﹤0.01% |
62,455
-6,845
| -10% | -$110K |
|
2325
MiMedx Group
MDXG
$622M
| $966K | ﹤0.01% |
81,347
+16,247
| +25% | +$241K |
|
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.