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 |
Fortive
FTV
|
+$29.3M |
| 2 |
Johnson Controls International
JCI
|
+$24.1M |
| 3 |
Marriott International
MAR
|
+$21.6M |
| 4 |
Coty
COTY
|
+$21.3M |
| 5 |
Procter & Gamble
PG
|
+$21.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EMC
EMC CORPORATION
EMC
|
+$132M |
| 2 |
Apple
AAPL
|
+$116M |
| 3 |
ExxonMobil
XOM
|
+$56.5M |
| 4 |
Comcast
CMCSA
|
+$50.3M |
| 5 |
JPMorgan Chase
JPM
|
+$50M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.66% |
| 2 | Technology | 14.7% |
| 3 | Healthcare | 13.18% |
| 4 | Industrials | 10.68% |
| 5 | Consumer Discretionary | 9.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
626
NNN REIT
NNN
$8.8B
| $15.6M | 0.03% |
307,502
-4,200
| -1% | -$215K |
|
|
OKS
627
DELISTED
Oneok Partners LP
OKS
| $15.6M | 0.03% |
389,900
-17,100
| -4% | -$683K |
|
628
Jazz Pharmaceuticals
JAZZ
$16.7B
| $15.6M | 0.03% |
128,200
-17,000
| -12% | -$2.29M |
|
629
Lennar Class A
LEN
$20.6B
| $15.6M | 0.03% |
386,396
-24,899
| -6% | -$1.1M |
|
630
Equity Lifestyle Properties
ELS
$12.5B
| $15.6M | 0.03% |
403,052
-19,600
| -5% | -$778K |
|
631
IQVIA
IQV
$39.8B
| $15.5M | 0.03% |
191,600
-12,400
| -6% | -$939K |
|
632
Avnet
AVT
$7.99B
| $15.5M | 0.03% |
378,000
-21,800
| -5% | -$889K |
|
633
Allegion
ALLE
$14.1B
| $15.5M | 0.03% |
224,600
-14,100
| -6% | -$993K |
|
634
Steris
STE
$23.3B
| $15.4M | 0.03% |
211,082
-20,200
| -9% | -$1.43M |
|
635
Sonoco
SON
$5.72B
| $15.4M | 0.03% |
291,850
-6,100
| -2% | -$315K |
|
636
Olin
OLN
$2.15B
| $15.4M | 0.03% |
748,708
-60,400
| -7% | -$1.3M |
|
|
MBLY
637
DELISTED
Mobileye N.V.
MBLY
| $15.3M | 0.03% |
360,496
-24,700
| -6% | -$1.14M |
|
638
Quanta Services
PWR
$99.4B
| $15.3M | 0.03% |
545,900
+6,200
| +1% | +$158K |
|
639
Pultegroup
PHM
$24.8B
| $15.3M | 0.03% |
762,200
-49,900
| -6% | -$1.03M |
|
640
United Therapeutics
UTHR
$22.7B
| $15.2M | 0.02% |
128,300
-8,200
| -6% | -$985K |
|
641
Robert Half
RHI
$4.37B
| $15.1M | 0.02% |
399,872
-12,500
| -3% | -$476K |
|
642
Manhattan Associates
MANH
$11.4B
| $15.1M | 0.02% |
262,100
-29,800
| -10% | -$1.8M |
|
643
Toro Company
TTC
$9.4B
| $15M | 0.02% |
319,400
-17,600
| -5% | -$824K |
|
644
Assured Guaranty
AGO
$3.36B
| $14.9M | 0.02% |
538,392
-13,600
| -2% | -$367K |
|
|
SRC
645
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $14.9M | 0.02% |
249,079
-736
| -0.3% | -$43.8K |
|
|
IM
646
DELISTED
Ingram Micro
IM
| $14.9M | 0.02% |
417,533
-51,100
| -11% | -$1.77M |
|
647
Commerce Bancshares
CBSH
$8.44B
| $14.8M | 0.02% |
489,708
-24,107
| -5% | -$719K |
|
648
Steel Dynamics
STLD
$38.5B
| $14.8M | 0.02% |
592,400
-16,400
| -3% | -$419K |
|
|
BMS
649
DELISTED
Bemis
BMS
| $14.8M | 0.02% |
290,140
-10,200
| -3% | -$525K |
|
|
DNR
650
DELISTED
Denbury Resources, Inc.
DNR
| $14.8M | 0.02% |
4,574,498
-125,600
| -3% | -$384K |
|
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California Public Employees Retirement System's Q3 2016 Portfolio in Review
As of Q3 2016, California Public Employees Retirement System held 3,593 positions worth $60.8B, down 1.5% from $61.8B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
California Public Employees Retirement System withdrew a net $3.44B in Q3 2016, closing 113 positions and reducing 2,164 holdings. Its most notable exit was EMC CORPORATION, an estimated $132M position sold in full.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 15% a quarter earlier, followed by Technology and Healthcare.
Against the trend, California Public Employees Retirement System opened a new position in Fortive worth $29.3M.
- California Public Employees Retirement System's largest Q3 2016 buy was Fortive: 912,923 shares worth $29.3M.
- California Public Employees Retirement System added most to Johnson Controls International in Q3 2016, an estimated $24.1M increase.
- California Public Employees Retirement System's biggest Q3 2016 reduction was Apple, cutting an estimated $116M.
- California Public Employees Retirement System fully exited EMC CORPORATION in Q3 2016, selling an estimated $132M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $60.8B portfolio in Q3 2016.
- California Public Employees Retirement System opened 28 new positions and closed 113 in Q3 2016.
- California Public Employees Retirement System's portfolio value fell 1.5% quarter-over-quarter to $60.8B.
Based on California Public Employees Retirement System's 13F filing for Q3 2016, filed 24 Oct 2016.