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 | |
|---|---|---|---|---|---|---|
776
WaFd
WAFD
$2.76B
| $11.1M | 0.02% |
324,112
+12,400
| +4% | +$379K |
|
|
SRC
777
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $11.1M | 0.02% |
228,563
-20,516
| -8% | -$1.04M |
|
778
Trinity Industries
TRN
$2.3B
| $11.1M | 0.02% |
555,878
-10,695
| -2% | -$197K |
|
|
PDM
779
Piedmont Realty Trust
PDM
$1.16B
| $11.1M | 0.02% |
530,061
-19,700
| -4% | -$397K |
|
780
Pool Corp
POOL
$7.27B
| $11.1M | 0.02% |
106,100
-10,900
| -9% | -$1.08M |
|
|
BRSL
781
Brightstar Lottery PLC
BRSL
$2.02B
| $11.1M | 0.02% |
433,324
+17,900
| +4% | +$480K |
|
782
Sanmina
SANM
$10.7B
| $11.1M | 0.02% |
301,610
-4,100
| -1% | -$130K |
|
783
Hanover Insurance
THG
$7.86B
| $11.1M | 0.02% |
121,410
-5,400
| -4% | -$450K |
|
784
Dana Inc
DAN
$3.21B
| $11M | 0.02% |
578,509
+8,300
| +1% | +$139K |
|
785
Tyler Technologies
TYL
$13B
| $11M | 0.02% |
76,800
-20,800
| -21% | -$3.23M |
|
|
GXP
786
DELISTED
Great Plains Energy Incorporated
GXP
| $11M | 0.02% |
400,452
-107,800
| -21% | -$2.95M |
|
|
TEN
787
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $10.9M | 0.02% |
174,800
-4,300
| -2% | -$252K |
|
|
AZPN
788
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $10.9M | 0.02% |
199,600
+3,797
| +2% | +$208K |
|
789
Lincoln Electric
LECO
$15.1B
| $10.9M | 0.02% |
142,200
+18,100
| +15% | +$1.3M |
|
|
TCF
790
DELISTED
TCF Financial Corporation
TCF
| $10.9M | 0.02% |
555,100
+2,100
| +0.4% | +$34.6K |
|
791
VEON
VEON
$3.87B
| $10.9M | 0.02% |
112,940
+1,904
| +2% | +$165K |
|
792
Mercado Libre
MELI
$92.5B
| $10.9M | 0.02% |
69,600
-800
| -1% | -$132K |
|
793
BWX Technologies
BWXT
$15.5B
| $10.9M | 0.02% |
273,500
-22,500
| -8% | -$875K |
|
|
LSXMK
794
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $10.8M | 0.02% |
419,618
-21,532
| -5% | -$558K |
|
795
Cinemark Holdings
CNK
$4.38B
| $10.8M | 0.02% |
281,400
+3,000
| +1% | +$119K |
|
796
Highwoods Properties
HIW
$3.41B
| $10.8M | 0.02% |
211,396
-1,700
| -0.8% | -$83.2K |
|
797
Pitney Bowes
PBI
$2.33B
| $10.8M | 0.02% |
708,912
-16,400
| -2% | -$261K |
|
|
MNK
798
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $10.8M | 0.02% |
216,100
-20,340
| -9% | -$1.2M |
|
799
Core Laboratories
CLB
$561M
| $10.8M | 0.02% |
89,600
-4,300
| -5% | -$476K |
|
800
News Corp Class A
NWSA
$15.4B
| $10.7M | 0.02% |
936,700
+7,400
| +0.8% | +$91.5K |
|
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.