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 | |
|---|---|---|---|---|---|---|
1076
HEICO Corp Class A
HEI.A
$37B
| $6.74M | 0.01% |
242,188
+45,655
| +23% | +$1.19M |
|
1077
Dillards
DDS
$9.9B
| $6.73M | 0.01% |
107,300
+1,100
| +1% | +$72.3K |
|
1078
Energizer
ENR
$1.5B
| $6.72M | 0.01% |
150,733
-1,300
| -0.9% | -$59.3K |
|
|
LNCE
1079
DELISTED
Snyders-Lance, Inc.
LNCE
| $6.72M | 0.01% |
175,305
-40,190
| -19% | -$1.47M |
|
|
INVX
1080
Innovex International
INVX
$2.04B
| $6.72M | 0.01% |
111,900
+200
| +0.2% | +$11.1K |
|
|
EBIX
1081
DELISTED
Ebix Inc
EBIX
| $6.68M | 0.01% |
117,100
-30,300
| -21% | -$1.76M |
|
1082
Scholastic
SCHL
$807M
| $6.67M | 0.01% |
140,500
+900
| +0.6% | +$38.2K |
|
1083
Texas Capital Bancshares
TCBI
$4.32B
| $6.67M | 0.01% |
85,100
-1,400
| -2% | -$94.4K |
|
|
ENDP
1084
DELISTED
Endo International plc
ENDP
| $6.67M | 0.01% |
404,900
| – | – |
|
1085
AMC Global Media
AMCX
$489M
| $6.67M | 0.01% |
127,400
-20,200
| -14% | -$1.05M |
|
1086
Glacier Bancorp
GBCI
$6.35B
| $6.65M | 0.01% |
183,500
-8,100
| -4% | -$260K |
|
1087
Euronet Worldwide
EEFT
$2.65B
| $6.64M | 0.01% |
91,700
-25,000
| -21% | -$1.93M |
|
1088
LivaNova
LIVN
$4.21B
| $6.63M | 0.01% |
147,466
-12,500
| -8% | -$614K |
|
1089
National Health Investors
NHI
$3.59B
| $6.63M | 0.01% |
89,400
-5,500
| -6% | -$404K |
|
1090
Brink's
BCO
$4.55B
| $6.62M | 0.01% |
160,557
-10,900
| -6% | -$438K |
|
|
IBKC
1091
DELISTED
IBERIABANK Corp
IBKC
| $6.61M | 0.01% |
78,900
-1,100
| -1% | -$84.2K |
|
|
MBFI
1092
DELISTED
MB Financial Corp
MBFI
| $6.6M | 0.01% |
139,800
-24,300
| -15% | -$1.01M |
|
1093
Apple Hospitality REIT
APLE
$3.71B
| $6.59M | 0.01% |
329,900
+5,000
| +2% | +$93K |
|
|
BGC
1094
DELISTED
General Cable Corporation
BGC
| $6.59M | 0.01% |
346,000
-47,900
| -12% | -$807K |
|
1095
Generac Holdings
GNRC
$12.2B
| $6.59M | 0.01% |
161,700
+1,400
| +0.9% | +$55.4K |
|
|
HA
1096
DELISTED
Hawaiian Holdings, Inc.
HA
| $6.58M | 0.01% |
115,400
-71,700
| -38% | -$3.66M |
|
|
CVG
1097
DELISTED
Convergys
CVG
| $6.55M | 0.01% |
266,600
-63,500
| -19% | -$1.71M |
|
1098
Avista
AVA
$3.2B
| $6.54M | 0.01% |
163,580
-16,400
| -9% | -$663K |
|
1099
Tronox
TROX
$993M
| $6.54M | 0.01% |
634,500
-24,900
| -4% | -$248K |
|
|
TMH
1100
DELISTED
Team Health Holdings Inc
TMH
| $6.53M | 0.01% |
150,300
| – | – |
|
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.