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 |
Coty
COTY
|
+$47.4M |
| 2 |
Yum China
YUMC
|
+$23.3M |
| 3 |
Howmet Aerospace
HWM
|
+$20.1M |
| 4 |
Adient
ADNT
|
+$10.4M |
| 5 |
Lamb Weston
LW
|
+$9.39M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$97.4M |
| 2 |
Microsoft
MSFT
|
+$66.2M |
| 3 |
Synchrony
SYF
|
+$64.1M |
| 4 |
JPMorgan Chase
JPM
|
+$56.3M |
| 5 |
ExxonMobil
XOM
|
+$50.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 17.67% |
| 2 | Technology | 14.35% |
| 3 | Healthcare | 12.28% |
| 4 | Industrials | 11.1% |
| 5 | Consumer Discretionary | 9.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
Check Point Software Technologies
CHKP
$13.1B
| $30.4M | 0.05% |
359,700
-20,900
| -5% | -$1.71M |
|
352
Mettler-Toledo International
MTD
$28.6B
| $30.3M | 0.05% |
72,300
-6,009
| -8% | -$2.5M |
|
|
FRC
353
DELISTED
First Republic Bank
FRC
| $30.2M | 0.05% |
327,400
-26,100
| -7% | -$2.13M |
|
|
XL
354
DELISTED
XL Group Ltd.
XL
| $30.1M | 0.05% |
807,500
-66,200
| -8% | -$2.37M |
|
355
Microchip Technology
MCHP
$46B
| $30M | 0.05% |
935,920
-80,600
| -8% | -$2.53M |
|
356
CMS Energy
CMS
$22.3B
| $30M | 0.05% |
720,147
-218,100
| -23% | -$8.92M |
|
357
Kohl's
KSS
$2.19B
| $30M | 0.05% |
606,694
-2,000
| -0.3% | -$99K |
|
358
Skyworks Solutions
SWKS
$10.6B
| $29.8M | 0.05% |
399,700
-29,800
| -7% | -$2.29M |
|
|
NLSN
359
DELISTED
Nielsen Holdings plc
NLSN
| $29.8M | 0.05% |
709,600
-85,600
| -11% | -$3.93M |
|
360
L3Harris
LHX
$53.4B
| $29.7M | 0.05% |
289,761
-22,900
| -7% | -$2.26M |
|
|
COL
361
DELISTED
Rockwell Collins
COL
| $29.7M | 0.05% |
319,878
-12,300
| -4% | -$1.08M |
|
362
Blackstone
BX
$110B
| $29.5M | 0.05% |
1,091,600
-101,200
| -8% | -$2.63M |
|
363
Invesco
IVZ
$13.9B
| $29.5M | 0.05% |
971,061
-54,600
| -5% | -$1.68M |
|
364
Annaly Capital Management
NLY
$17.4B
| $29.3M | 0.05% |
735,651
-30,775
| -4% | -$1.25M |
|
365
Fortive
FTV
$18.6B
| $29.1M | 0.05% |
861,069
-51,854
| -6% | -$1.72M |
|
366
Equifax
EFX
$21.4B
| $29.1M | 0.05% |
245,900
-49,524
| -17% | -$6.05M |
|
367
Global Payments
GPN
$22.8B
| $29.1M | 0.05% |
418,726
-81,709
| -16% | -$5.87M |
|
368
Travel + Leisure Co
TNL
$4.7B
| $29M | 0.05% |
840,444
-40,876
| -5% | -$1.31M |
|
369
Textron
TXT
$15.4B
| $29M | 0.05% |
596,600
-36,200
| -6% | -$1.58M |
|
370
Everest Group
EG
$14.4B
| $28.9M | 0.05% |
133,346
-8,100
| -6% | -$1.67M |
|
371
C.H. Robinson
CHRW
$17.5B
| $28.8M | 0.05% |
392,992
-22,000
| -5% | -$1.59M |
|
372
Dentsply Sirona
XRAY
$2.43B
| $28.8M | 0.05% |
498,298
-80,632
| -14% | -$4.76M |
|
373
Harley-Davidson
HOG
$2.71B
| $28.6M | 0.05% |
491,083
-36,200
| -7% | -$2.06M |
|
374
Lear
LEA
$8.18B
| $28.5M | 0.05% |
215,500
-11,700
| -5% | -$1.47M |
|
375
Cintas
CTAS
$81.3B
| $28.4M | 0.05% |
984,440
-121,500
| -11% | -$3.41M |
|
Similar funds
California Public Employees Retirement System's Q4 2016 Portfolio in Review
As of Q4 2016, California Public Employees Retirement System held 3,549 positions worth $59.6B, down 2% from $60.8B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
California Public Employees Retirement System withdrew a net $3.56B in Q4 2016, closing 113 positions and reducing 2,056 holdings. Its most notable exit was LinkedIn Corporation, an estimated $47.6M position sold in full.
By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 16% a quarter earlier, followed by Technology and Healthcare.
Against the trend, California Public Employees Retirement System opened a new position in Yum China worth $22.3M.
- California Public Employees Retirement System's largest Q4 2016 buy was Yum China: 854,662 shares worth $22.3M.
- California Public Employees Retirement System added most to Coty in Q4 2016, an estimated $47.4M increase.
- California Public Employees Retirement System's biggest Q4 2016 reduction was Apple, cutting an estimated $97.4M.
- California Public Employees Retirement System fully exited LinkedIn Corporation in Q4 2016, selling an estimated $47.6M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $59.6B portfolio in Q4 2016.
- California Public Employees Retirement System opened 69 new positions and closed 113 in Q4 2016.
- California Public Employees Retirement System's portfolio value fell 2% quarter-over-quarter to $59.6B.
Based on California Public Employees Retirement System's 13F filing for Q4 2016, filed 10 Feb 2017.