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 | |
|---|---|---|---|---|---|---|
|
CLNY
1376
DELISTED
Colony Capital, Inc.
CLNY
| $4.52M | 0.01% |
247,900
-15,600
| -6% | -$276K |
|
1377
Herc Holdings
HRI
$5.72B
| $4.52M | 0.01% |
134,046
-447,687
| -77% | -$15M |
|
|
DENN
1378
DELISTED
Denny's
DENN
| $4.5M | 0.01% |
421,100
-23,500
| -5% | -$255K |
|
1379
Encompass Health
EHC
$12.4B
| $4.5M | 0.01% |
139,401
-10,811
| -7% | -$350K |
|
|
GOV
1380
DELISTED
Government Properties Income Trust
GOV
| $4.5M | 0.01% |
198,779
-10,000
| -5% | -$234K |
|
|
BRKL
1381
DELISTED
Brookline Bancorp
BRKL
| $4.49M | 0.01% |
368,486
-11,400
| -3% | -$132K |
|
1382
Ligand Pharmaceuticals
LGND
$5.76B
| $4.49M | 0.01% |
70,532
-13,145
| -16% | -$965K |
|
|
PES
1383
DELISTED
Pioneer Energy Services Corp.
PES
| $4.49M | 0.01% |
1,111,600
-57,600
| -5% | -$212K |
|
|
ASNA
1384
DELISTED
Ascena Retail Group, Inc.
ASNA
| $4.49M | 0.01% |
40,153
+1,340
| +3% | +$203K |
|
|
VRNT
1385
DELISTED
Verint Systems
VRNT
| $4.48M | 0.01% |
233,793
-15,115
| -6% | -$272K |
|
1386
Enpro
NPO
$7.12B
| $4.46M | 0.01% |
78,500
-2,200
| -3% | -$113K |
|
1387
LiveRamp
RAMP
$2.3B
| $4.46M | 0.01% |
167,300
-16,800
| -9% | -$415K |
|
|
WBT
1388
DELISTED
Welbilt, Inc.
WBT
| $4.44M | 0.01% |
273,900
-45,900
| -14% | -$784K |
|
|
FMBI
1389
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $4.44M | 0.01% |
229,500
-3,300
| -1% | -$62.4K |
|
|
EVER
1390
DELISTED
Everbank Financial Corp
EVER
| $4.44M | 0.01% |
229,400
-2,600
| -1% | -$47.1K |
|
|
BWP
1391
DELISTED
Boardwalk Pipeline Partners
BWP
| $4.43M | 0.01% |
258,300
-14,900
| -5% | -$251K |
|
|
CBM
1392
DELISTED
Cambrex Corporation
CBM
| $4.43M | 0.01% |
99,600
-25,400
| -20% | -$1.24M |
|
1393
Sinclair Inc
SBGI
$989M
| $4.42M | 0.01% |
153,100
-9,300
| -6% | -$270K |
|
|
LTC
1394
LTC Properties
LTC
$2.05B
| $4.41M | 0.01% |
84,899
-6,100
| -7% | -$319K |
|
1395
Semtech
SMTC
$12.2B
| $4.41M | 0.01% |
159,100
+4,200
| +3% | +$108K |
|
1396
Titan International
TWI
$461M
| $4.41M | 0.01% |
435,900
-9,300
| -2% | -$76.6K |
|
1397
Silicon Laboratories
SLAB
$7.22B
| $4.41M | 0.01% |
75,000
-5,100
| -6% | -$275K |
|
1398
Enerpac Tool Group
EPAC
$1.91B
| $4.4M | 0.01% |
189,300
-15,200
| -7% | -$356K |
|
1399
Trustmark
TRMK
$2.78B
| $4.39M | 0.01% |
159,482
-9,000
| -5% | -$241K |
|
1400
Brookdale Senior Living
BKD
$3B
| $4.39M | 0.01% |
251,700
-15,700
| -6% | -$271K |
|
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.