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 | |
|---|---|---|---|---|---|---|
601
Camden Property Trust
CPT
$11B
| $16.6M | 0.03% |
197,881
-14,700
| -7% | -$1.17M |
|
602
Toro Company
TTC
$9.39B
| $16.6M | 0.03% |
296,100
-23,300
| -7% | -$1.19M |
|
|
SPR
603
DELISTED
Spirit AeroSystems
SPR
| $16.5M | 0.03% |
283,500
-24,900
| -8% | -$1.35M |
|
604
JetBlue
JBLU
$2.13B
| $16.5M | 0.03% |
737,704
-59,900
| -8% | -$1.18M |
|
605
Wynn Resorts
WYNN
$10.6B
| $16.5M | 0.03% |
191,100
+900
| +0.5% | +$84.2K |
|
606
Cleveland-Cliffs
CLF
$7.13B
| $16.5M | 0.03% |
1,962,000
-779,600
| -28% | -$5.87M |
|
607
Wabtec
WAB
$49.7B
| $16.5M | 0.03% |
198,600
-19,936
| -9% | -$1.64M |
|
|
BEAV
608
DELISTED
B/E Aerospace Inc
BEAV
| $16.4M | 0.03% |
272,500
-9,400
| -3% | -$541K |
|
|
HBI
609
DELISTED
Hanesbrands
HBI
| $16.4M | 0.03% |
758,500
-53,500
| -7% | -$1.28M |
|
|
SBNY
610
DELISTED
Signature Bank
SBNY
| $16.3M | 0.03% |
108,300
-10,900
| -9% | -$1.49M |
|
611
Copart
CPRT
$27.4B
| $16.2M | 0.03% |
2,336,800
-52,800
| -2% | -$359K |
|
612
Jack Henry & Associates
JKHY
$11B
| $16.1M | 0.03% |
181,000
-28,328
| -14% | -$2.42M |
|
613
RPM International
RPM
$14.8B
| $16.1M | 0.03% |
298,200
-23,600
| -7% | -$1.21M |
|
|
ENH
614
DELISTED
Endurance Specialty Holdings Ltd
ENH
| $16M | 0.03% |
172,746
-9,700
| -5% | -$889K |
|
|
WBC
615
DELISTED
WABCO HOLDINGS INC.
WBC
| $15.9M | 0.03% |
149,900
-3,500
| -2% | -$366K |
|
|
QEP
616
DELISTED
QEP RESOURCES, INC.
QEP
| $15.9M | 0.03% |
863,425
-14,900
| -2% | -$270K |
|
617
Jabil
JBL
$35.3B
| $15.9M | 0.03% |
670,615
-3,400
| -0.5% | -$74.1K |
|
618
Crown Holdings
CCK
$13.1B
| $15.8M | 0.03% |
300,834
-17,600
| -6% | -$951K |
|
619
Wolfspeed
WOLF
$1.52B
| $15.8M | 0.03% |
598,456
-22,700
| -4% | -$565K |
|
620
NiSource
NI
$20B
| $15.8M | 0.03% |
712,300
-33,900
| -5% | -$754K |
|
|
OKS
621
DELISTED
Oneok Partners LP
OKS
| $15.8M | 0.03% |
366,400
-23,500
| -6% | -$975K |
|
|
EVHC
622
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $15.6M | 0.03% |
246,740
+95,605
| +63% | +$6.25M |
|
|
AWH
623
DELISTED
Allied World Assurance Co Hld Lt
AWH
| $15.6M | 0.03% |
290,600
-2,500
| -0.9% | -$115K |
|
|
BPL
624
DELISTED
Buckeye Partners, L.P.
BPL
| $15.5M | 0.03% |
234,500
-14,100
| -6% | -$931K |
|
625
Middleby
MIDD
$5.9B
| $15.5M | 0.03% |
120,200
-14,700
| -11% | -$1.85M |
|
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.