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 | |
|---|---|---|---|---|---|---|
|
YDKN
1601
DELISTED
Yadkin Financial Corporation
YDKN
| $3.19M | 0.01% |
93,041
-30,000
| -24% | -$912K |
|
1602
8x8 Inc
EGHT
$309M
| $3.19M | 0.01% |
222,700
-71,600
| -24% | -$1.04M |
|
|
HIMX
1603
Himax Technologies
HIMX
$2.61B
| $3.17M | 0.01% |
524,700
-59,500
| -10% | -$450K |
|
|
KRA
1604
DELISTED
Kraton Corporation
KRA
| $3.16M | 0.01% |
111,100
-32,500
| -23% | -$1M |
|
|
RAVN
1605
DELISTED
Raven Industries Inc
RAVN
| $3.16M | 0.01% |
125,500
+2,400
| +2% | +$57K |
|
|
PINC
1606
DELISTED
Premier
PINC
| $3.16M | 0.01% |
104,000
-2,500
| -2% | -$77K |
|
1607
Credit Acceptance
CACC
$5.94B
| $3.15M | 0.01% |
14,500
-1,100
| -7% | -$213K |
|
1608
B&G Foods
BGS
$277M
| $3.14M | 0.01% |
71,700
-16,700
| -19% | -$742K |
|
|
SASR
1609
DELISTED
Sandy Spring Bancorp Inc
SASR
| $3.14M | 0.01% |
78,500
-2,900
| -4% | -$100K |
|
|
NTUS
1610
DELISTED
Natus Medical Inc
NTUS
| $3.13M | 0.01% |
89,900
-34,545
| -28% | -$1.36M |
|
|
ZLTQ
1611
DELISTED
ZELTIQ Aesthetics, Inc.
ZLTQ
| $3.13M | 0.01% |
71,900
| – | – |
|
|
KW
1612
DELISTED
Kennedy-Wilson Holdings
KW
| $3.12M | 0.01% |
152,300
-2,300
| -1% | -$49.1K |
|
|
AIFU
1613
AIFU Inc
AIFU
$219M
| $3.12M | 0.01% |
942
-251
| -21% | -$851K |
|
1614
Matsons
MATX
$6.11B
| $3.12M | 0.01% |
88,100
-5,700
| -6% | -$220K |
|
1615
SFL Corp
SFL
$1.54B
| $3.11M | 0.01% |
209,700
+3,200
| +2% | +$44.9K |
|
|
RDUS
1616
DELISTED
Radius Recycling
RDUS
| $3.11M | 0.01% |
120,862
-25,200
| -17% | -$648K |
|
1617
Resources Connection
RGP
$144M
| $3.1M | 0.01% |
161,285
+3,000
| +2% | +$48.1K |
|
1618
Mercer International
MERC
$33.5M
| $3.1M | 0.01% |
291,500
+29,200
| +11% | +$265K |
|
|
BKS
1619
DELISTED
Barnes & Noble
BKS
| $3.1M | 0.01% |
278,100
+20,800
| +8% | +$239K |
|
|
NCI
1620
DELISTED
Navigant Consulting, Inc.
NCI
| $3.09M | 0.01% |
117,900
-3,400
| -3% | -$80.5K |
|
|
CHSP
1621
DELISTED
Chesapeake Lodging Trust
CHSP
| $3.08M | 0.01% |
119,300
-26,277
| -18% | -$622K |
|
1622
Brookdale Senior Living
BKD
$3B
| $3.08M | 0.01% |
248,200
-3,500
| -1% | -$47K |
|
|
ARII
1623
DELISTED
American Railcar Industries, Inc.
ARII
| $3.08M | 0.01% |
68,000
-1,700
| -2% | -$71.9K |
|
1624
Universal Electronics
UEIC
$74.6M
| $3.07M | 0.01% |
47,600
-3,300
| -6% | -$224K |
|
1625
Federal Agricultural Mortgage
AGM
$2.55B
| $3.07M | 0.01% |
53,600
-3,500
| -6% | -$170K |
|
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.