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 | |
|---|---|---|---|---|---|---|
|
SPWR
1151
DELISTED
SunPower Corporation Common Stock
SPWR
| $6.23M | 0.01% |
1,066,304
+752,658
| +240% | +$5.85M |
|
1152
Quad
QUAD
$507M
| $6.23M | 0.01% |
233,100
-5,000
| -2% | -$133K |
|
|
INVX
1153
Innovex International
INVX
$2.04B
| $6.23M | 0.01% |
111,700
-1,400
| -1% | -$78.1K |
|
1154
NorthWestern Energy
NWE
$4.38B
| $6.21M | 0.01% |
107,900
-6,800
| -6% | -$406K |
|
|
PE
1155
DELISTED
PARSLEY ENERGY INC
PE
| $6.21M | 0.01% |
185,200
+150,000
| +426% | +$4.69M |
|
|
RDC
1156
DELISTED
Rowan Companies Plc
RDC
| $6.2M | 0.01% |
408,700
-46,300
| -10% | -$678K |
|
1157
MasTec
MTZ
$21.5B
| $6.19M | 0.01% |
208,000
-17,700
| -8% | -$485K |
|
1158
Belden
BDC
$5.28B
| $6.18M | 0.01% |
89,600
-2,100
| -2% | -$146K |
|
|
MASI
1159
DELISTED
Masimo
MASI
| $6.18M | 0.01% |
103,892
-7,200
| -6% | -$406K |
|
|
EQY
1160
DELISTED
Equity One
EQY
| $6.18M | 0.01% |
201,938
-17,400
| -8% | -$549K |
|
1161
Selective Insurance
SIGI
$5.66B
| $6.18M | 0.01% |
155,039
-5,800
| -4% | -$228K |
|
1162
Tronox
TROX
$993M
| $6.18M | 0.01% |
659,400
+6,600
| +1% | +$50.7K |
|
1163
Grand Canyon Education
LOPE
$3.82B
| $6.18M | 0.01% |
152,897
-9,800
| -6% | -$407K |
|
|
CYS
1164
DELISTED
CYS Investments Inc.
CYS
| $6.16M | 0.01% |
706,800
-3,800
| -0.5% | -$33.5K |
|
|
FNSR
1165
DELISTED
Finisar Corp
FNSR
| $6.16M | 0.01% |
206,700
-4,600
| -2% | -$101K |
|
1166
Maximus
MMS
$2.9B
| $6.15M | 0.01% |
108,762
-6,400
| -6% | -$372K |
|
|
CKH
1167
DELISTED
Seacor Holdings Inc.
CKH
| $6.15M | 0.01% |
106,934
+827
| +0.8% | +$45.5K |
|
1168
3D Systems Corp
DDD
$611M
| $6.14M | 0.01% |
342,100
-22,200
| -6% | -$333K |
|
1169
Clean Harbors
CLH
$16.4B
| $6.14M | 0.01% |
127,900
-5,000
| -4% | -$248K |
|
1170
Silicon Motion
SIMO
$7.82B
| $6.14M | 0.01% |
118,500
| – | – |
|
1171
Moog Inc Class A
MOG.A
$13B
| $6.13M | 0.01% |
102,900
+1,300
| +1% | +$74.2K |
|
1172
CoreCivic
CXW
$3.26B
| $6.13M | 0.01% |
441,700
-10,900
| -2% | -$260K |
|
|
NATI
1173
DELISTED
National Instruments Corp
NATI
| $6.13M | 0.01% |
215,700
-12,800
| -6% | -$359K |
|
1174
Marriott Vacations Worldwide
VAC
$3.89B
| $6.12M | 0.01% |
83,400
-3,000
| -3% | -$223K |
|
1175
Benchmark Electronics
BHE
$2.92B
| $6.09M | 0.01% |
243,972
-9,900
| -4% | -$235K |
|
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.