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 | |
|---|---|---|---|---|---|---|
1701
Gentherm
THRM
$1.26B
| $2.83M | ﹤0.01% |
90,000
-6,900
| -7% | -$228K |
|
1702
RadNet
RDNT
$6B
| $2.83M | ﹤0.01% |
382,000
-20,400
| -5% | -$130K |
|
|
BEL
1703
DELISTED
Belmond Ltd.
BEL
| $2.83M | ﹤0.01% |
222,400
-14,500
| -6% | -$165K |
|
1704
Rambus
RMBS
$10.9B
| $2.82M | ﹤0.01% |
225,900
+9,900
| +5% | +$131K |
|
|
ZLTQ
1705
DELISTED
ZELTIQ Aesthetics, Inc.
ZLTQ
| $2.82M | ﹤0.01% |
71,900
-1,700
| -2% | -$60.7K |
|
1706
The Greenbrier Companies
GBX
$1.42B
| $2.82M | ﹤0.01% |
79,800
-4,300
| -5% | -$141K |
|
|
EEQ
1707
DELISTED
Enbridge Energy Management Llc
EEQ
| $2.81M | ﹤0.01% |
136,158
-8,507
| -6% | -$162K |
|
1708
Sonic Automotive
SAH
$2.5B
| $2.8M | ﹤0.01% |
149,153
+9,700
| +7% | +$171K |
|
|
SIRE
1709
DELISTED
Sisecam Resources LP
SIRE
| $2.8M | ﹤0.01% |
90,000
| – | – |
|
|
RICE
1710
DELISTED
Rice Energy Inc.
RICE
| $2.8M | ﹤0.01% |
107,200
-7,400
| -6% | -$184K |
|
1711
National CineMedia
NCMI
$245M
| $2.8M | ﹤0.01% |
19,002
-840
| -4% | -$128K |
|
|
VRTV
1712
DELISTED
VERITIV CORPORATION
VRTV
| $2.79M | ﹤0.01% |
55,603
-6,800
| -11% | -$314K |
|
1713
Radware
RDWR
$1.21B
| $2.79M | ﹤0.01% |
202,900
-13,800
| -6% | -$180K |
|
|
PMC
1714
DELISTED
PharMerica Corporation
PMC
| $2.78M | ﹤0.01% |
99,100
-18,200
| -16% | -$467K |
|
1715
Kodak
KODK
$977M
| $2.78M | ﹤0.01% |
185,200
-26,200
| -12% | -$415K |
|
|
IRBT
1716
DELISTED
iRobot
IRBT
| $2.77M | ﹤0.01% |
63,100
+100
| +0.2% | +$3.92K |
|
|
EGOV
1717
DELISTED
NIC Inc
EGOV
| $2.77M | ﹤0.01% |
118,100
-6,800
| -5% | -$157K |
|
1718
TFS Financial
TFSL
$4.83B
| $2.77M | ﹤0.01% |
155,600
-68,900
| -31% | -$1.24M |
|
|
RSO
1719
DELISTED
Resource Capital Corp.
RSO
| $2.77M | ﹤0.01% |
216,350
-14,400
| -6% | -$187K |
|
|
TSL
1720
DELISTED
Trina Solar Limited
TSL
| $2.75M | ﹤0.01% |
268,600
-24,100
| -8% | -$236K |
|
1721
Metallus
MTUS
$904M
| $2.75M | ﹤0.01% |
262,800
+40,800
| +18% | +$405K |
|
1722
J&J Snack Foods
JJSF
$1.66B
| $2.74M | ﹤0.01% |
23,000
-1,600
| -7% | -$193K |
|
|
HZN
1723
DELISTED
Horizon Global Corporation
HZN
| $2.74M | ﹤0.01% |
137,500
-5,300
| -4% | -$81.7K |
|
|
ADAM
1724
Adamas Trust
ADAM
$924M
| $2.72M | ﹤0.01% |
112,875
+5,950
| +6% | +$147K |
|
|
WEB
1725
DELISTED
Web.com Group, Inc.
WEB
| $2.71M | ﹤0.01% |
156,700
-18,500
| -11% | -$331K |
|
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.