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 | |
|---|---|---|---|---|---|---|
1051
EastGroup Properties
EGP
$10.9B
| $7.14M | 0.01% |
97,124
-1,400
| -1% | -$101K |
|
1052
Tetra Tech
TTEK
$8.97B
| $7.14M | 0.01% |
1,007,000
-17,500
| -2% | -$119K |
|
1053
Helix Energy Solutions
HLX
$1.47B
| $7.13M | 0.01% |
877,123
-66,800
| -7% | -$506K |
|
1054
Sprouts Farmers Market
SFM
$7.96B
| $7.13M | 0.01% |
345,100
-21,800
| -6% | -$484K |
|
|
COR
1055
DELISTED
Coresite Realty Corporation
COR
| $7.12M | 0.01% |
96,200
-1,800
| -2% | -$146K |
|
1056
Skywest
SKYW
$4.18B
| $7.09M | 0.01% |
268,641
-35,900
| -12% | -$997K |
|
1057
BGC Group
BGC
$4.86B
| $7.09M | 0.01% |
1,259,395
-61,422
| -5% | -$351K |
|
|
MZTI
1058
The Marzetti Company
MZTI
$3.13B
| $7.08M | 0.01% |
53,600
-2,000
| -4% | -$261K |
|
1059
CACI
CACI
$14.3B
| $7.08M | 0.01% |
70,120
-6,000
| -8% | -$579K |
|
1060
Bruker
BRKR
$8.58B
| $7.05M | 0.01% |
311,300
-14,000
| -4% | -$321K |
|
1061
Charles River Laboratories
CRL
$13.2B
| $7.03M | 0.01% |
84,400
-4,500
| -5% | -$377K |
|
1062
Copa Holdings
CPA
$5.58B
| $7.01M | 0.01% |
79,700
+3,200
| +4% | +$243K |
|
|
SGI
1063
Somnigroup International
SGI
$13.6B
| $7.01M | 0.01% |
494,000
-46,400
| -9% | -$828K |
|
1064
Kirby Corp
KEX
$7B
| $6.99M | 0.01% |
112,400
-7,800
| -6% | -$448K |
|
1065
Spire
SR
$4.79B
| $6.99M | 0.01% |
109,600
-8,000
| -7% | -$535K |
|
|
DO
1066
DELISTED
Diamond Offshore Drilling
DO
| $6.98M | 0.01% |
396,545
| – | – |
|
1067
ACI Worldwide
ACIW
$5.34B
| $6.97M | 0.01% |
359,900
-22,600
| -6% | -$429K |
|
|
BID
1068
DELISTED
Sotheby's
BID
| $6.97M | 0.01% |
183,300
+1,000
| +0.5% | +$35.4K |
|
1069
Green Plains
GPRE
$1.06B
| $6.96M | 0.01% |
265,700
-5,700
| -2% | -$133K |
|
1070
Federated Hermes
FHI
$4.71B
| $6.96M | 0.01% |
234,900
-22,900
| -9% | -$717K |
|
1071
Dycom Industries
DY
$12B
| $6.92M | 0.01% |
84,600
-4,600
| -5% | -$406K |
|
1072
Valley National Bancorp
VLY
$8.1B
| $6.91M | 0.01% |
710,039
+4,200
| +0.6% | +$39.2K |
|
1073
Regal Rexnord
RRX
$11.5B
| $6.9M | 0.01% |
116,000
+100
| +0.1% | +$6.01K |
|
1074
Prestige Consumer Healthcare
PBH
$2.51B
| $6.9M | 0.01% |
142,900
-27,400
| -16% | -$1.39M |
|
|
MDR
1075
DELISTED
McDermott International
MDR
| $6.88M | 0.01% |
457,467
-38,633
| -8% | -$577K |
|
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.