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 | |
|---|---|---|---|---|---|---|
|
MAGN
1551
Magnera Corp
MAGN
$444M
| $3.47M | 0.01% |
12,320
+23
| +0.2% | +$6.4K |
|
|
IPHI
1552
DELISTED
INPHI CORPORATION
IPHI
| $3.47M | 0.01% |
79,800
| – | – |
|
|
NPKI
1553
NPK International
NPKI
$1.18B
| $3.47M | 0.01% |
471,300
-14,700
| -3% | -$97.2K |
|
|
ALEX
1554
DELISTED
Alexander & Baldwin
ALEX
| $3.46M | 0.01% |
90,000
-1,300
| -1% | -$50.9K |
|
1555
Group 1 Automotive
GPI
$3.17B
| $3.46M | 0.01% |
54,100
+1,200
| +2% | +$70.8K |
|
1556
ICU Medical
ICUI
$4.55B
| $3.45M | 0.01% |
27,300
-1,600
| -6% | -$193K |
|
|
CRR
1557
DELISTED
Carbo Ceramics Inc.
CRR
| $3.45M | 0.01% |
315,100
+11,800
| +4% | +$152K |
|
|
PINC
1558
DELISTED
Premier
PINC
| $3.44M | 0.01% |
106,500
-7,400
| -6% | -$240K |
|
|
VG
1559
DELISTED
Vonage Holdings Corporation
VG
| $3.43M | 0.01% |
519,400
-14,400
| -3% | -$86.5K |
|
|
AGR
1560
DELISTED
Avangrid, Inc.
AGR
| $3.43M | 0.01% |
82,100
-4,700
| -5% | -$205K |
|
1561
DHT Holdings
DHT
$2.93B
| $3.43M | 0.01% |
817,758
-50,700
| -6% | -$236K |
|
1562
EPAM Systems
EPAM
$5.15B
| $3.42M | 0.01% |
49,400
-9,400
| -16% | -$639K |
|
1563
MaxLinear
MXL
$6.26B
| $3.42M | 0.01% |
168,800
-2,500
| -1% | -$49.1K |
|
|
ANH
1564
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $3.42M | 0.01% |
695,300
-18,700
| -3% | -$91.6K |
|
|
BSFT
1565
DELISTED
BroadSoft, Inc.
BSFT
| $3.42M | 0.01% |
73,500
-4,000
| -5% | -$178K |
|
|
RWT
1566
Redwood Trust
RWT
$588M
| $3.42M | 0.01% |
241,200
-9,500
| -4% | -$135K |
|
|
OAK
1567
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
| $3.41M | 0.01% |
80,500
-5,000
| -6% | -$224K |
|
|
GTY
1568
Getty Realty Corp
GTY
$2B
| $3.4M | 0.01% |
142,207
-9,500
| -6% | -$220K |
|
|
ARR
1569
Armour Residential REIT
ARR
$2.36B
| $3.4M | 0.01% |
30,175
-880
| -3% | -$95.9K |
|
1570
Theravance Biopharma
TBPH
$878M
| $3.4M | 0.01% |
93,700
+8,800
| +10% | +$245K |
|
|
AAT
1571
American Assets Trust
AAT
$1.37B
| $3.39M | 0.01% |
78,200
-7,200
| -8% | -$319K |
|
|
ASRT
1572
DELISTED
Assertio
ASRT
| $3.39M | 0.01% |
2,262
-155
| -6% | -$195K |
|
|
TWOU
1573
DELISTED
2U Inc
TWOU
| $3.39M | 0.01% |
2,950
-180
| -6% | -$188K |
|
|
EXAS
1574
DELISTED
Exact Sciences
EXAS
| $3.39M | 0.01% |
182,400
-12,500
| -6% | -$220K |
|
|
SEP
1575
DELISTED
Spectra Engy Parters Lp
SEP
| $3.38M | 0.01% |
77,400
+3,400
| +5% | +$157K |
|
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.