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 | |
|---|---|---|---|---|---|---|
701
Equity Lifestyle Properties
ELS
$12.5B
| $12.9M | 0.02% |
358,600
-44,452
| -11% | -$1.59M |
|
702
Cognex
CGNX
$10.8B
| $12.9M | 0.02% |
404,200
+36,200
| +10% | +$1.04M |
|
703
Range Resources
RRC
$9.42B
| $12.8M | 0.02% |
373,862
+10,100
| +3% | +$361K |
|
704
MSC Industrial Direct
MSM
$6.86B
| $12.8M | 0.02% |
138,700
+500
| +0.4% | +$41.2K |
|
705
Coca-Cola Europacific Partners
CCEP
$46.8B
| $12.8M | 0.02% |
406,916
-81,600
| -17% | -$2.87M |
|
|
CLR
706
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $12.8M | 0.02% |
247,900
-7,400
| -3% | -$383K |
|
707
ON Semiconductor
ON
$31.5B
| $12.8M | 0.02% |
1,000,700
-158,700
| -14% | -$1.89M |
|
|
JOY
708
DELISTED
Joy Global Inc
JOY
| $12.8M | 0.02% |
456,005
-46,300
| -9% | -$1.29M |
|
709
Teradyne
TER
$57.9B
| $12.7M | 0.02% |
501,900
+29,500
| +6% | +$700K |
|
|
UNT
710
DELISTED
UNIT Corporation
UNT
| $12.7M | 0.02% |
474,258
+7,100
| +2% | +$153K |
|
711
Jazz Pharmaceuticals
JAZZ
$16.6B
| $12.7M | 0.02% |
116,700
-11,500
| -9% | -$1.28M |
|
712
First Horizon
FHN
$12B
| $12.6M | 0.02% |
631,739
-42,100
| -6% | -$741K |
|
|
BERY
713
DELISTED
Berry Global Group, Inc.
BERY
| $12.6M | 0.02% |
282,378
-55,974
| -17% | -$2.39M |
|
714
KKR & Co
KKR
$93.5B
| $12.6M | 0.02% |
820,730
-46,700
| -5% | -$704K |
|
|
TGNA
715
DELISTED
TEGNA Inc
TGNA
| $12.6M | 0.02% |
920,313
-6,406
| -0.7% | -$87.2K |
|
716
PTC
PTC
$16.5B
| $12.6M | 0.02% |
271,800
+11,700
| +4% | +$547K |
|
717
Hawaiian Electric Industries
HE
$1.99B
| $12.5M | 0.02% |
378,115
-2,400
| -0.6% | -$73.2K |
|
718
Graco
GGG
$13.5B
| $12.5M | 0.02% |
450,900
-15,900
| -3% | -$418K |
|
|
CRC
719
DELISTED
California Resources Corporation
CRC
| $12.5M | 0.02% |
585,806
+51,400
| +10% | +$753K |
|
720
EnerSys
ENS
$6.84B
| $12.4M | 0.02% |
158,900
-7,900
| -5% | -$579K |
|
|
VR
721
DELISTED
Validus Hold Ltd
VR
| $12.4M | 0.02% |
224,850
-12,600
| -5% | -$666K |
|
|
MENT
722
DELISTED
Mentor Graphics Corp
MENT
| $12.4M | 0.02% |
334,800
-31,200
| -9% | -$1.02M |
|
723
Huntsman Corp
HUN
$1.81B
| $12.3M | 0.02% |
643,900
+39,300
| +7% | +$714K |
|
724
Jones Lang LaSalle
JLL
$16.5B
| $12.3M | 0.02% |
121,400
+6,300
| +5% | +$633K |
|
|
CPN
725
DELISTED
Calpine Corporation
CPN
| $12.3M | 0.02% |
1,072,840
+27,500
| +3% | +$324K |
|
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.