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 | |
|---|---|---|---|---|---|---|
|
GHL
1376
DELISTED
Greenhill & Co., Inc.
GHL
| $4.37M | 0.01% |
157,700
+1,900
| +1% | +$49K |
|
|
REGI
1377
DELISTED
Renewable Energy Group, Inc.
REGI
| $4.35M | 0.01% |
448,867
-27,400
| -6% | -$256K |
|
1378
Capitol Federal Financial
CFFN
$1.09B
| $4.33M | 0.01% |
263,200
-3,900
| -1% | -$59.9K |
|
1379
Knowles
KN
$3.3B
| $4.33M | 0.01% |
259,106
-9,300
| -3% | -$145K |
|
|
LEXEA
1380
DELISTED
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
| $4.33M | 0.01% |
+109,160
| New | +$4.63M |
|
1381
Alnylam Pharmaceuticals
ALNY
$29.4B
| $4.33M | 0.01% |
115,600
| – | – |
|
|
SAFM
1382
DELISTED
Sanderson Farms Inc
SAFM
| $4.33M | 0.01% |
45,900
-7,300
| -14% | -$646K |
|
1383
California Water Service
CWT
$3.09B
| $4.33M | 0.01% |
127,582
-20,697
| -14% | -$685K |
|
1384
Insperity
NSP
$1.93B
| $4.32M | 0.01% |
121,844
-37,800
| -24% | -$1.36M |
|
1385
Comtech Telecommunications
CMTL
$51.5M
| $4.32M | 0.01% |
364,495
+26,400
| +8% | +$295K |
|
|
SEMG
1386
DELISTED
SEMGROUP CORPORATION
SEMG
| $4.32M | 0.01% |
103,400
-10,300
| -9% | -$369K |
|
1387
Kite Realty
KRG
$5.27B
| $4.32M | 0.01% |
183,792
-24,600
| -12% | -$608K |
|
|
GTLS
1388
DELISTED
Chart Industries
GTLS
| $4.29M | 0.01% |
119,200
+8,200
| +7% | +$279K |
|
1389
Wolverine World Wide
WWW
$1.51B
| $4.29M | 0.01% |
195,500
-19,300
| -9% | -$437K |
|
1390
Semtech
SMTC
$12.2B
| $4.29M | 0.01% |
135,900
-23,200
| -15% | -$650K |
|
1391
REX American Resources
REX
$1.44B
| $4.29M | 0.01% |
260,400
+6,600
| +3% | +$98K |
|
|
SJI
1392
DELISTED
South Jersey Industries, Inc.
SJI
| $4.29M | 0.01% |
127,200
-10,300
| -7% | -$321K |
|
|
SYKE
1393
DELISTED
SYKES Enterprises Inc
SYKE
| $4.27M | 0.01% |
147,965
-16,700
| -10% | -$466K |
|
1394
Encompass Health
EHC
$12.4B
| $4.27M | 0.01% |
130,100
-9,301
| -7% | -$302K |
|
|
TA
1395
DELISTED
TravelCenters of America LLC
TA
| $4.26M | 0.01% |
120,060
-1,600
| -1% | -$54.1K |
|
|
CBM
1396
DELISTED
Cambrex Corporation
CBM
| $4.25M | 0.01% |
78,700
-20,900
| -21% | -$1M |
|
1397
LiveRamp
RAMP
$2.3B
| $4.25M | 0.01% |
158,400
-8,900
| -5% | -$231K |
|
1398
Steven Madden
SHOO
$3.55B
| $4.24M | 0.01% |
177,900
-12,450
| -7% | -$303K |
|
|
SALE
1399
DELISTED
RetailMeNot, Inc. Series 1
SALE
| $4.23M | 0.01% |
454,800
-23,300
| -5% | -$218K |
|
|
MNDT
1400
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $4.22M | 0.01% |
354,800
-18,200
| -5% | -$236K |
|
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.