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 | |
|---|---|---|---|---|---|---|
|
ELOS
2351
DELISTED
Syneron Medical Ltd
ELOS
| $899K | ﹤0.01% |
85,200
-4,200
| -5% | -$40.6K |
|
2352
CNB Financial Corp
CCNE
$1.02B
| $898K | ﹤0.01% |
37,600
+4,500
| +14% | +$112K |
|
|
GIFI
2353
DELISTED
Gulf Island Fabrication
GIFI
| $896K | ﹤0.01% |
77,600
| – | – |
|
2354
Heron Therapeutics
HRTX
$63.4M
| $896K | ﹤0.01% |
59,700
-2,600
| -4% | -$36K |
|
2355
Timberland Bancorp
TSBK
$350M
| $896K | ﹤0.01% |
40,000
| – | – |
|
|
LTS
2356
DELISTED
Ladenburg Thalmann Financial Services Inc
LTS
| $895K | ﹤0.01% |
360,800
-15,600
| -4% | -$35.8K |
|
|
APFH
2357
DELISTED
AdvancePierre Foods Holdings
APFH
| $895K | ﹤0.01% |
+28,700
| New | +$828K |
|
|
JAX
2358
DELISTED
J. Alexander's Holdings, Inc.
JAX
| $894K | ﹤0.01% |
88,973
-1,200
| -1% | -$11.7K |
|
|
TNH
2359
DELISTED
Terra Nitrogen
TNH
| $894K | ﹤0.01% |
9,100
-400
| -4% | -$41K |
|
2360
PJT Partners
PJT
$4.33B
| $888K | ﹤0.01% |
25,317
-1,100
| -4% | -$38.1K |
|
2361
Flexsteel Industries
FLXS
$307M
| $887K | ﹤0.01% |
17,600
+500
| +3% | +$26K |
|
2362
TriNet
TNET
$3.09B
| $887K | ﹤0.01% |
30,700
+7,300
| +31% | +$196K |
|
|
TRST
2363
Trustco Bank Corp NY
TRST
$931M
| $887K | ﹤0.01% |
22,600
-1,360
| -6% | -$56.2K |
|
2364
The RMR Group
RMR
$335M
| $886K | ﹤0.01% |
17,893
-500
| -3% | -$23.8K |
|
|
MBTF
2365
DELISTED
MBT Financial Corporation
MBTF
| $885K | ﹤0.01% |
77,951
+11,000
| +16% | +$121K |
|
2366
DHI Group
DHX
$158M
| $884K | ﹤0.01% |
223,900
+40,700
| +22% | +$210K |
|
2367
AeroVironment
AVAV
$9.57B
| $883K | ﹤0.01% |
31,500
-1,400
| -4% | -$37.4K |
|
2368
Ceco Environmental
CECO
$4.11B
| $882K | ﹤0.01% |
83,905
-3,200
| -4% | -$38.6K |
|
2369
Motorcar Parts of America
MPAA
$235M
| $882K | ﹤0.01% |
28,700
+1,400
| +5% | +$39.1K |
|
2370
Myers Industries
MYE
$1.25B
| $881K | ﹤0.01% |
55,600
+2,800
| +5% | +$39.8K |
|
|
SMRT
2371
DELISTED
Stein Mart Inc
SMRT
| $881K | ﹤0.01% |
292,800
+103,100
| +54% | +$365K |
|
2372
Quanex
NX
$967M
| $879K | ﹤0.01% |
43,400
-36,200
| -45% | -$720K |
|
2373
Tecnoglass Holdings Inc.
TGLS
$1.84B
| $879K | ﹤0.01% |
81,000
| – | – |
|
2374
Napco Security Technologies
NSSC
$1.43B
| $878K | ﹤0.01% |
172,120
| – | – |
|
2375
ICF International
ICFI
$1.66B
| $876K | ﹤0.01% |
21,200
-1,800
| -8% | -$87.1K |
|
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.