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 | |
|---|---|---|---|---|---|---|
1651
Modine Manufacturing
MOD
$10.5B
| $3.04M | 0.01% |
256,300
-100
| -0% | -$1.04K |
|
1652
Strategic Education
STRA
$1.81B
| $3.04M | 0.01% |
65,112
+400
| +0.6% | +$19.2K |
|
|
AD
1653
Array Digital Infrastructure
AD
$3.01B
| $3.04M | 0.01% |
83,555
-6,000
| -7% | -$231K |
|
1654
First Commonwealth Financial
FCF
$2.18B
| $3.03M | 0.01% |
300,476
-27,600
| -8% | -$271K |
|
|
CSR
1655
Centerspace
CSR
$920M
| $3.02M | 0.01% |
50,673
-890
| -2% | -$56.7K |
|
|
PKY
1656
DELISTED
Parkway, Inc.
PKY
| $3.02M | 0.01% |
177,250
-4,000
| -2% | -$69.6K |
|
|
TRCO
1657
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $3.01M | ﹤0.01% |
82,300
+23,000
| +39% | +$872K |
|
|
JOBS
1658
DELISTED
51job Inc
JOBS
| $3M | ﹤0.01% |
90,000
-1,000
| -1% | -$32.8K |
|
|
ANDX
1659
DELISTED
Andeavor Logistics LP
ANDX
| $3M | ﹤0.01% |
62,000
-2,900
| -4% | -$138K |
|
|
ENLK
1660
DELISTED
EnLink Midstream Partners, LP
ENLK
| $3M | ﹤0.01% |
169,300
-11,600
| -6% | -$203K |
|
1661
CONMED
CNMD
$1.48B
| $3M | ﹤0.01% |
74,800
+700
| +0.9% | +$29.7K |
|
1662
Sabra Healthcare REIT
SBRA
$5.07B
| $3M | ﹤0.01% |
119,000
-1,100
| -0.9% | -$26.4K |
|
|
MNR
1663
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $2.99M | ﹤0.01% |
209,600
+1,800
| +0.9% | +$25K |
|
|
AF
1664
DELISTED
Astoria Financial Corporation
AF
| $2.99M | ﹤0.01% |
204,574
-28,000
| -12% | -$418K |
|
|
FDML
1665
DELISTED
Federal-Mogul Holdings Corporation
FDML
| $2.99M | ﹤0.01% |
310,772
-2,000
| -0.6% | -$18.2K |
|
|
BFS
1666
Saul Centers
BFS
$853M
| $2.98M | ﹤0.01% |
44,819
-2,500
| -5% | -$165K |
|
1667
Kelly Services Class A
KELYA
$536M
| $2.98M | ﹤0.01% |
155,300
-18,000
| -10% | -$352K |
|
1668
Liquidity Services
LQDT
$1.31B
| $2.98M | ﹤0.01% |
265,200
+100
| +0% | +$924 |
|
1669
Arista Networks
ANET
$250B
| $2.98M | ﹤0.01% |
+560,000
| New | +$2.67M |
|
|
DTSI
1670
DELISTED
DTS, Inc.
DTSI
| $2.98M | ﹤0.01% |
70,000
-2,300
| -3% | -$74.5K |
|
1671
PENN Entertainment
PENN
$2.57B
| $2.97M | ﹤0.01% |
219,100
-2,600
| -1% | -$36.6K |
|
|
BEAT
1672
DELISTED
BioTelemetry, Inc.
BEAT
| $2.97M | ﹤0.01% |
160,100
| – | – |
|
1673
Gibraltar Industries
ROCK
$1.48B
| $2.97M | ﹤0.01% |
80,000
-2,200
| -3% | -$80.6K |
|
1674
United Fire Group
UFCS
$1.39B
| $2.97M | ﹤0.01% |
70,200
-4,200
| -6% | -$179K |
|
|
XHR
1675
Xenia Hotels & Resorts
XHR
$1.72B
| $2.97M | ﹤0.01% |
195,500
+20,600
| +12% | +$349K |
|
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.