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 | |
|---|---|---|---|---|---|---|
|
ILG
1476
DELISTED
ILG, Inc Common Stock
ILG
| $3.78M | 0.01% |
+207,994
| New | +$3.64M |
|
1477
Coeur Mining
CDE
$19.1B
| $3.77M | 0.01% |
415,100
-323,500
| -44% | -$3.33M |
|
1478
Hecla Mining
HL
$11.9B
| $3.77M | 0.01% |
719,228
-140,400
| -16% | -$823K |
|
1479
Groupon
GRPN
$889M
| $3.77M | 0.01% |
56,705
-360
| -0.6% | -$30.3K |
|
1480
Community Bank
CBU
$3.41B
| $3.76M | 0.01% |
60,820
-5,100
| -8% | -$272K |
|
|
TGE
1481
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
| $3.74M | 0.01% |
139,500
-7,200
| -5% | -$177K |
|
|
AAWW
1482
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $3.73M | 0.01% |
71,500
-16,600
| -19% | -$784K |
|
|
AD
1483
Array Digital Infrastructure
AD
$3.01B
| $3.72M | 0.01% |
85,155
+1,600
| +2% | +$60.6K |
|
|
KBAL
1484
DELISTED
Kimball International
KBAL
| $3.71M | 0.01% |
211,500
-15,000
| -7% | -$220K |
|
|
EVER
1485
DELISTED
Everbank Financial Corp
EVER
| $3.71M | 0.01% |
190,900
-38,500
| -17% | -$745K |
|
|
SHLM
1486
DELISTED
Schulman (A.) Inc
SHLM
| $3.71M | 0.01% |
110,977
+4,000
| +4% | +$127K |
|
1487
Morningstar
MORN
$7.33B
| $3.71M | 0.01% |
50,400
-6,968
| -12% | -$512K |
|
|
ROIC
1488
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $3.7M | 0.01% |
175,200
-56,500
| -24% | -$1.16M |
|
1489
Carriage Services
CSV
$534M
| $3.7M | 0.01% |
129,200
-39,900
| -24% | -$1.03M |
|
|
SHLD
1490
DELISTED
Sears Holding Corporation
SHLD
| $3.7M | 0.01% |
398,248
+52,900
| +15% | +$603K |
|
1491
Synaptics
SYNA
$4.18B
| $3.7M | 0.01% |
69,000
-700
| -1% | -$40.5K |
|
1492
Veeco
VECO
$3.07B
| $3.69M | 0.01% |
126,400
+4,300
| +4% | +$108K |
|
1493
RingCentral
RNG
$5.3B
| $3.68M | 0.01% |
178,800
-33,100
| -16% | -$724K |
|
|
TRCO
1494
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $3.68M | 0.01% |
105,200
+22,900
| +28% | +$783K |
|
|
ADAM
1495
Adamas Trust
ADAM
$919M
| $3.67M | 0.01% |
139,200
+26,325
| +23% | +$667K |
|
|
VSTO
1496
DELISTED
Vista Outdoor Inc.
VSTO
| $3.67M | 0.01% |
99,500
-5,100
| -5% | -$197K |
|
|
ALR
1497
DELISTED
Alere Inc
ALR
| $3.67M | 0.01% |
94,200
-10,500
| -10% | -$425K |
|
|
CMO
1498
DELISTED
Capstead Mortgage Corp.
CMO
| $3.66M | 0.01% |
359,000
+9,100
| +3% | +$89.3K |
|
1499
Saia
SAIA
$9.52B
| $3.66M | 0.01% |
82,800
+5,800
| +8% | +$224K |
|
|
HEES
1500
DELISTED
H&E Equipment Services
HEES
| $3.65M | 0.01% |
157,200
+1,200
| +0.8% | +$22K |
|
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.