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 | |
|---|---|---|---|---|---|---|
|
MITT
1826
TPG Mortgage Investment Trust
MITT
$214M
| $2.26M | ﹤0.01% |
44,067
+6,400
| +17% | +$317K |
|
|
IVC
1827
DELISTED
Invacare Corporation
IVC
| $2.26M | ﹤0.01% |
173,128
+13,500
| +8% | +$155K |
|
|
WW
1828
DELISTED
WW International
WW
| $2.26M | ﹤0.01% |
197,171
+9,300
| +5% | +$100K |
|
|
NMBL
1829
DELISTED
Nimble Storage, Inc.
NMBL
| $2.26M | ﹤0.01% |
285,000
-14,500
| -5% | -$118K |
|
1830
Virtus Investment Partners
VRTS
$1.11B
| $2.25M | ﹤0.01% |
19,100
-1,000
| -5% | -$109K |
|
|
MNR
1831
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $2.25M | ﹤0.01% |
147,600
-62,000
| -30% | -$857K |
|
|
HOS
1832
DELISTED
Hornbeck Offshore Services, Inc.
HOS
| $2.25M | ﹤0.01% |
311,400
+62,500
| +25% | +$366K |
|
|
EQM
1833
DELISTED
EQM Midstream Partners, LP
EQM
| $2.25M | ﹤0.01% |
29,300
-8,600
| -23% | -$637K |
|
1834
Teekay
TK
$991M
| $2.25M | ﹤0.01% |
279,600
+56,700
| +25% | +$437K |
|
1835
OneMain Financial
OMF
$7.32B
| $2.23M | ﹤0.01% |
100,800
+18,500
| +22% | +$454K |
|
|
TIER
1836
DELISTED
TIER REIT, Inc.
TIER
| $2.22M | ﹤0.01% |
127,800
+23,200
| +22% | +$361K |
|
|
JOYY
1837
JOYY Inc
JOYY
$3.7B
| $2.21M | ﹤0.01% |
56,000
-2,900
| -5% | -$136K |
|
1838
Rayonier Advanced Materials
RYAM
$590M
| $2.21M | ﹤0.01% |
142,700
+8,800
| +7% | +$123K |
|
|
VRTU
1839
DELISTED
Virtusa Corporation
VRTU
| $2.21M | ﹤0.01% |
87,800
-14,200
| -14% | -$313K |
|
1840
PENN Entertainment
PENN
$2.57B
| $2.2M | ﹤0.01% |
159,700
-59,400
| -27% | -$810K |
|
|
OCLR
1841
DELISTED
Oclaro Inc.
OCLR
| $2.2M | ﹤0.01% |
245,924
-40,600
| -14% | -$351K |
|
1842
Columbus McKinnon
CMCO
$564M
| $2.2M | ﹤0.01% |
81,200
-500
| -0.6% | -$11.2K |
|
1843
Helen of Troy
HELE
$682M
| $2.2M | ﹤0.01% |
26,000
-4,400
| -14% | -$368K |
|
|
PKD
1844
DELISTED
Parker Drilling Company
PKD
| $2.2M | ﹤0.01% |
56,307
-2,206
| -4% | -$75.4K |
|
|
PFC
1845
DELISTED
Premier Financial Corp. Common Stock
PFC
| $2.19M | ﹤0.01% |
86,400
-45,200
| -34% | -$1.02M |
|
1846
Rexford Industrial Realty
REXR
$8.07B
| $2.19M | ﹤0.01% |
94,500
-40,300
| -30% | -$884K |
|
|
CVGW
1847
DELISTED
Calavo Growers
CVGW
| $2.19M | ﹤0.01% |
35,600
-9,600
| -21% | -$584K |
|
1848
CRA International
CRAI
$1.06B
| $2.19M | ﹤0.01% |
59,700
-500
| -0.8% | -$15.8K |
|
|
CHMI
1849
Cherry Hill Mortgage Investment Corp
CHMI
$108M
| $2.18M | ﹤0.01% |
120,000
| – | – |
|
|
TWOU
1850
DELISTED
2U Inc
TWOU
| $2.18M | ﹤0.01% |
2,410
-540
| -18% | -$550K |
|
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.