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 | |
|---|---|---|---|---|---|---|
1226
Scholastic
SCHL
$780M
| $5.5M | 0.01% |
139,600
-400
| -0.3% | -$16.1K |
|
|
MNDT
1227
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $5.49M | 0.01% |
373,000
-25,500
| -6% | -$392K |
|
1228
FNB Corp
FNB
$6.8B
| $5.49M | 0.01% |
446,325
-14,900
| -3% | -$184K |
|
|
ICPT
1229
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $5.48M | 0.01% |
33,300
-2,400
| -7% | -$378K |
|
|
WDR
1230
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $5.47M | 0.01% |
301,234
+17,900
| +6% | +$326K |
|
1231
Glacier Bancorp
GBCI
$6.38B
| $5.46M | 0.01% |
191,600
-2,100
| -1% | -$59.3K |
|
|
BLUE
1232
DELISTED
bluebird bio
BLUE
| $5.46M | 0.01% |
6,222
-433
| -7% | -$314K |
|
1233
MKS Inc
MKSI
$19.7B
| $5.46M | 0.01% |
109,800
+600
| +0.5% | +$28.3K |
|
1234
Myriad Genetics
MYGN
$307M
| $5.46M | 0.01% |
265,200
-17,200
| -6% | -$436K |
|
|
DBD
1235
DELISTED
Diebold Nixdorf Incorporated
DBD
| $5.45M | 0.01% |
219,800
-7,300
| -3% | -$194K |
|
|
ELME
1236
Elme Communities
ELME
$143M
| $5.42M | 0.01% |
174,295
-13,100
| -7% | -$425K |
|
|
WBMD
1237
DELISTED
WebMD Health Corp.
WBMD
| $5.42M | 0.01% |
109,056
-11,400
| -9% | -$629K |
|
1238
Cathay General Bancorp
CATY
$4.26B
| $5.41M | 0.01% |
175,900
+4,100
| +2% | +$124K |
|
1239
Genesco
GCO
$408M
| $5.41M | 0.01% |
99,357
-2,700
| -3% | -$170K |
|
|
TCF
1240
DELISTED
TCF Financial Corporation Common Stock
TCF
| $5.41M | 0.01% |
122,593
+12,493
| +11% | +$532K |
|
1241
Hyatt Hotels
H
$16.3B
| $5.41M | 0.01% |
109,891
-6,900
| -6% | -$356K |
|
1242
Unisys
UIS
$208M
| $5.38M | 0.01% |
552,800
-6,600
| -1% | -$61.3K |
|
|
HI
1243
DELISTED
Hillenbrand
HI
| $5.38M | 0.01% |
170,100
-2,400
| -1% | -$76.1K |
|
|
IBKC
1244
DELISTED
IBERIABANK Corp
IBKC
| $5.37M | 0.01% |
80,000
-2,400
| -3% | -$156K |
|
|
VA
1245
DELISTED
Virgin America Inc.
VA
| $5.37M | 0.01% |
100,300
-13,300
| -12% | -$741K |
|
1246
Commercial Metals
CMC
$8.01B
| $5.36M | 0.01% |
330,900
-13,500
| -4% | -$219K |
|
1247
Otter Tail
OTTR
$3.97B
| $5.33M | 0.01% |
154,000
+1,900
| +1% | +$65.7K |
|
|
CTLT
1248
DELISTED
CATALENT, INC.
CTLT
| $5.29M | 0.01% |
204,900
-14,100
| -6% | -$351K |
|
|
VISN
1249
Vistance Networks Inc
VISN
$2.67B
| $5.28M | 0.01% |
175,500
-11,200
| -6% | -$338K |
|
1250
Middlesex Water
MSEX
$1.09B
| $5.27M | 0.01% |
149,600
-8,500
| -5% | -$321K |
|
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.