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 | |
|---|---|---|---|---|---|---|
1701
Lakeland Financial Corp
LKFN
$1.54B
| $2.77M | ﹤0.01% |
58,550
-5,300
| -8% | -$216K |
|
|
CRR
1702
DELISTED
Carbo Ceramics Inc.
CRR
| $2.77M | ﹤0.01% |
264,900
-50,200
| -16% | -$447K |
|
|
NM
1703
DELISTED
Navios Maritime Holdings Inc.
NM
| $2.77M | ﹤0.01% |
196,310
-3,130
| -2% | -$41.7K |
|
1704
Cal-Maine
CALM
$3.87B
| $2.77M | ﹤0.01% |
62,600
-5,600
| -8% | -$223K |
|
|
PRFT
1705
DELISTED
Perficient Inc
PRFT
| $2.76M | ﹤0.01% |
157,800
-2,400
| -1% | -$43.8K |
|
|
MTOR
1706
DELISTED
MERITOR, Inc.
MTOR
| $2.76M | ﹤0.01% |
222,000
+5,800
| +3% | +$68.2K |
|
|
CRAY
1707
DELISTED
Cray, Inc.
CRAY
| $2.75M | ﹤0.01% |
133,100
-10,000
| -7% | -$206K |
|
1708
Suburban Propane Partners
SPH
$1.17B
| $2.75M | ﹤0.01% |
91,400
-6,200
| -6% | -$190K |
|
1709
Banner Corp
BANR
$2.47B
| $2.75M | ﹤0.01% |
49,200
-3,200
| -6% | -$157K |
|
|
ICON
1710
DELISTED
Iconix Brand Group, Inc.
ICON
| $2.74M | ﹤0.01% |
29,350
+3,650
| +14% | +$318K |
|
|
EEQ
1711
DELISTED
Enbridge Energy Management Llc
EEQ
| $2.74M | ﹤0.01% |
127,500
-8,658
| -6% | -$175K |
|
|
ARR
1712
Armour Residential REIT
ARR
$2.36B
| $2.74M | ﹤0.01% |
25,235
-4,940
| -16% | -$548K |
|
1713
Entegris
ENTG
$23B
| $2.73M | ﹤0.01% |
152,600
-39,400
| -21% | -$684K |
|
|
AAT
1714
American Assets Trust
AAT
$1.37B
| $2.73M | ﹤0.01% |
63,400
-14,800
| -19% | -$603K |
|
|
SFR
1715
DELISTED
Starwood Waypoint Homes
SFR
| $2.73M | ﹤0.01% |
94,760
-8,500
| -8% | -$247K |
|
|
HF
1716
DELISTED
HFF Inc.
HF
| $2.73M | ﹤0.01% |
90,200
-1,200
| -1% | -$34.2K |
|
|
MSGN
1717
DELISTED
MSG Networks Inc.
MSGN
| $2.73M | ﹤0.01% |
126,800
-6,500
| -5% | -$129K |
|
|
EDE
1718
DELISTED
Empire District Electric
EDE
| $2.72M | ﹤0.01% |
79,900
-34,400
| -30% | -$1.18M |
|
|
LABL
1719
DELISTED
Multi-Color Corp
LABL
| $2.72M | ﹤0.01% |
35,000
-15,227
| -30% | -$1.08M |
|
1720
Integer Holdings
ITGR
$4.25B
| $2.71M | ﹤0.01% |
92,200
-16,600
| -15% | -$418K |
|
1721
Rambus
RMBS
$10.5B
| $2.71M | ﹤0.01% |
197,200
-28,700
| -13% | -$372K |
|
|
MEG
1722
DELISTED
Media General, Inc
MEG
| $2.71M | ﹤0.01% |
144,200
-2,600
| -2% | -$47.1K |
|
|
AXAS
1723
DELISTED
Abraxas Petroleum Corp
AXAS
| $2.71M | ﹤0.01% |
52,770
-2,215
| -4% | -$87.3K |
|
1724
Four Corners Property Trust
FCPT
$2.69B
| $2.71M | ﹤0.01% |
131,971
+11,800
| +10% | +$232K |
|
|
EGOV
1725
DELISTED
NIC Inc
EGOV
| $2.71M | ﹤0.01% |
113,300
-4,800
| -4% | -$115K |
|
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.