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 | |
|---|---|---|---|---|---|---|
|
SEM
1501
DELISTED
Select Medical
SEM
| $3.74M | 0.01% |
514,669
+65,703
| +15% | +$418K |
|
1502
Matsons
MATX
$6.11B
| $3.74M | 0.01% |
93,800
-6,600
| -7% | -$245K |
|
1503
Perdoceo Education
PRDO
$1.95B
| $3.74M | 0.01% |
550,558
-38,600
| -7% | -$263K |
|
1504
UFP Industries
UFPI
$5.12B
| $3.71M | 0.01% |
113,100
+900
| +0.8% | +$31.2K |
|
1505
Pricesmart
PSMT
$5.33B
| $3.71M | 0.01% |
44,300
-3,000
| -6% | -$247K |
|
1506
Cato Corp
CATO
$65.3M
| $3.71M | 0.01% |
112,700
-2,600
| -2% | -$89.9K |
|
1507
Columbia Banking Systems
COLB
$8.97B
| $3.7M | 0.01% |
113,000
+6,100
| +6% | +$191K |
|
1508
EXL Service
EXLS
$5.29B
| $3.69M | 0.01% |
370,500
-17,500
| -5% | -$178K |
|
1509
AAR Corp
AIR
$5.86B
| $3.68M | 0.01% |
117,600
+4,700
| +4% | +$120K |
|
|
AIFU
1510
AIFU Inc
AIFU
$219M
| $3.67M | 0.01% |
1,193
-68
| -5% | -$220K |
|
|
GHL
1511
DELISTED
Greenhill & Co., Inc.
GHL
| $3.67M | 0.01% |
155,800
+3,400
| +2% | +$71.1K |
|
1512
City Holding Co
CHCO
$2.06B
| $3.67M | 0.01% |
73,004
-300
| -0.4% | -$14.5K |
|
1513
Nelnet
NNI
$4.48B
| $3.67M | 0.01% |
90,900
-2,300
| -2% | -$85.7K |
|
1514
Booz Allen Hamilton
BAH
$9.45B
| $3.66M | 0.01% |
115,900
-42,400
| -27% | -$1.29M |
|
|
GNCMA
1515
DELISTED
GCI Liberty, Inc. Class A-1 Common Stock
GNCMA
| $3.66M | 0.01% |
266,373
-18,900
| -7% | -$269K |
|
1516
Merit Medical Systems
MMSI
$5.44B
| $3.66M | 0.01% |
150,500
-11,000
| -7% | -$254K |
|
1517
Arcos Dorados Holdings
ARCO
$1.67B
| $3.65M | 0.01% |
712,488
-31,965
| -4% | -$166K |
|
|
ELNK
1518
DELISTED
EarthLink Holdings Corp.
ELNK
| $3.65M | 0.01% |
588,703
+15,100
| +3% | +$97.7K |
|
|
GTLS
1519
DELISTED
Chart Industries
GTLS
| $3.64M | 0.01% |
111,000
-1,900
| -2% | -$55.1K |
|
1520
Ubiquiti
UI
$34.7B
| $3.64M | 0.01% |
68,000
-5,200
| -7% | -$250K |
|
|
INXN
1521
DELISTED
Interxion Holding N.V.
INXN
| $3.63M | 0.01% |
100,200
-800
| -0.8% | -$29.8K |
|
1522
Haemonetics
HAE
$3.97B
| $3.63M | 0.01% |
100,200
-2,500
| -2% | -$85.8K |
|
|
CZR
1523
DELISTED
Caesars Entertainment Corporation
CZR
| $3.63M | 0.01% |
487,000
+13,000
| +3% | +$93.6K |
|
1524
Orthofix Medical
OFIX
$420M
| $3.63M | 0.01% |
84,800
-1,800
| -2% | -$80.3K |
|
1525
SouthState Bank Corp
SSB
$10.7B
| $3.62M | 0.01% |
48,200
+300
| +0.6% | +$22K |
|
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.