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 | |
|---|---|---|---|---|---|---|
726
Patterson-UTI
PTEN
$4.19B
| $12.6M | 0.02% |
564,851
-50,000
| -8% | -$1M |
|
727
Williams-Sonoma
WSM
$29.5B
| $12.6M | 0.02% |
494,000
-19,000
| -4% | -$497K |
|
728
Oshkosh
OSK
$9.59B
| $12.6M | 0.02% |
225,100
-1,400
| -0.6% | -$73.7K |
|
|
EGN
729
DELISTED
Energen
EGN
| $12.4M | 0.02% |
214,957
-10,200
| -5% | -$533K |
|
730
Brown & Brown
BRO
$24B
| $12.4M | 0.02% |
657,874
-56,600
| -8% | -$1.05M |
|
731
GameStop
GME
$8.43B
| $12.4M | 0.02% |
1,798,012
-400
| -0% | -$2.92K |
|
732
KKR & Co
KKR
$93.2B
| $12.4M | 0.02% |
867,430
-61,400
| -7% | -$871K |
|
733
American Eagle Outfitters
AEO
$3.07B
| $12.3M | 0.02% |
690,946
-23,900
| -3% | -$429K |
|
|
NBIS
734
Nebius Group N.V.
NBIS
$46.7B
| $12.3M | 0.02% |
585,100
+4,600
| +0.8% | +$100K |
|
735
Vail Resorts
MTN
$5.21B
| $12.3M | 0.02% |
78,500
-3,500
| -4% | -$533K |
|
736
Nu Skin
NUS
$250M
| $12.3M | 0.02% |
190,000
-2,100
| -1% | -$118K |
|
737
Douglas Emmett
DEI
$1.93B
| $12.3M | 0.02% |
334,845
-11,900
| -3% | -$440K |
|
|
PDCO
738
DELISTED
Patterson Companies, Inc.
PDCO
| $12.1M | 0.02% |
263,162
-29,100
| -10% | -$1.38M |
|
|
GRA
739
DELISTED
W.R. Grace & Co.
GRA
| $12.1M | 0.02% |
163,600
+2,200
| +1% | +$166K |
|
740
Targa Resources
TRGP
$57.1B
| $12M | 0.02% |
245,255
-16,500
| -6% | -$716K |
|
741
National Fuel Gas
NFG
$7.78B
| $12M | 0.02% |
222,599
-10,200
| -4% | -$577K |
|
|
PDM
742
Piedmont Realty Trust
PDM
$1.16B
| $12M | 0.02% |
549,761
-42,600
| -7% | -$915K |
|
|
SGEN
743
DELISTED
Seagen Inc. Common Stock
SGEN
| $11.9M | 0.02% |
221,200
-15,100
| -6% | -$716K |
|
|
ENH
744
DELISTED
Endurance Specialty Holdings Ltd
ENH
| $11.9M | 0.02% |
182,446
-35,272
| -16% | -$2.34M |
|
745
Brown-Forman Class A
BF.A
$13.2B
| $11.9M | 0.02% |
298,298
-36,500
| -11% | -$1.51M |
|
746
Old Republic International
ORI
$10.3B
| $11.9M | 0.02% |
673,383
-56,100
| -8% | -$1.07M |
|
747
Under Armour Class C
UA
$2.42B
| $11.8M | 0.02% |
349,934
-24,202
| -6% | -$874K |
|
|
AWH
748
DELISTED
Allied World Assurance Co Hld Lt
AWH
| $11.8M | 0.02% |
293,100
-13,500
| -4% | -$533K |
|
749
W.P. Carey
WPC
$16.1B
| $11.8M | 0.02% |
187,354
+7,760
| +4% | +$518K |
|
|
VR
750
DELISTED
Validus Hold Ltd
VR
| $11.8M | 0.02% |
237,450
-16,400
| -6% | -$815K |
|
Similar funds
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.