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 | |
|---|---|---|---|---|---|---|
|
SIR
1551
DELISTED
SELECT INCOME REIT
SIR
| $3.44M | 0.01% |
310,083
-40,722
| -12% | -$444K |
|
|
SEP
1552
DELISTED
Spectra Engy Parters Lp
SEP
| $3.43M | 0.01% |
74,800
-2,600
| -3% | -$113K |
|
|
GPOR
1553
DELISTED
Gulfport Energy Corp.
GPOR
| $3.43M | 0.01% |
158,400
-8,100
| -5% | -$208K |
|
|
CYNO
1554
DELISTED
Cynosure, Inc. Class A
CYNO
| $3.42M | 0.01% |
75,100
-24,600
| -25% | -$1.13M |
|
1555
Merit Medical Systems
MMSI
$5.44B
| $3.42M | 0.01% |
129,000
-21,500
| -14% | -$519K |
|
1556
Cato Corp
CATO
$65.3M
| $3.4M | 0.01% |
113,200
+500
| +0.4% | +$15.4K |
|
1557
Comstock Resources
CRK
$4.23B
| $3.4M | 0.01% |
345,631
+22,200
| +7% | +$206K |
|
|
ELNK
1558
DELISTED
EarthLink Holdings Corp.
ELNK
| $3.4M | 0.01% |
603,503
+14,800
| +3% | +$84.3K |
|
|
ABAX
1559
DELISTED
Abaxis Inc
ABAX
| $3.39M | 0.01% |
64,300
-17,662
| -22% | -$910K |
|
|
ESND
1560
DELISTED
Essendant Inc.
ESND
| $3.39M | 0.01% |
162,300
+20,800
| +15% | +$395K |
|
1561
The Greenbrier Companies
GBX
$1.43B
| $3.39M | 0.01% |
81,600
+1,800
| +2% | +$67.1K |
|
|
CSR
1562
Centerspace
CSR
$920M
| $3.37M | 0.01% |
47,293
-3,380
| -7% | -$214K |
|
1563
Veeva Systems
VEEV
$38.4B
| $3.37M | 0.01% |
82,800
-31,000
| -27% | -$1.27M |
|
|
GOV
1564
DELISTED
Government Properties Income Trust
GOV
| $3.37M | 0.01% |
176,679
-22,100
| -11% | -$428K |
|
|
PGEM
1565
DELISTED
Ply Gem Holdings, Inc.
PGEM
| $3.37M | 0.01% |
207,200
-11,100
| -5% | -$165K |
|
|
GTY
1566
Getty Realty Corp
GTY
$2B
| $3.36M | 0.01% |
131,907
-10,300
| -7% | -$242K |
|
1567
Puma Biotechnology
PBYI
$453M
| $3.36M | 0.01% |
109,500
+70,000
| +177% | +$3.03M |
|
1568
OFG Bancorp
OFG
$2.22B
| $3.36M | 0.01% |
256,200
+10,800
| +4% | +$130K |
|
1569
American States Water
AWR
$3.47B
| $3.35M | 0.01% |
73,600
-2,500
| -3% | -$104K |
|
|
QCP
1570
DELISTED
Quality Care Properties, Inc.
QCP
| $3.35M | 0.01% |
+216,292
| New | +$3.24M |
|
1571
Arcos Dorados Holdings
ARCO
$1.67B
| $3.35M | 0.01% |
637,868
-74,620
| -10% | -$425K |
|
|
TOWR
1572
DELISTED
Tower International, Inc.
TOWR
| $3.34M | 0.01% |
117,800
-9,500
| -7% | -$239K |
|
1573
First Commonwealth Financial
FCF
$2.18B
| $3.34M | 0.01% |
235,300
-65,176
| -22% | -$761K |
|
1574
CONMED
CNMD
$1.48B
| $3.33M | 0.01% |
75,500
+700
| +0.9% | +$29.7K |
|
1575
Southside Bancshares
SBSI
$965M
| $3.33M | 0.01% |
90,729
+8,098
| +10% | +$280K |
|
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.