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 | |
|---|---|---|---|---|---|---|
1926
Agios Pharmaceuticals
AGIO
$2B
| $1.98M | ﹤0.01% |
37,400
-2,700
| -7% | -$118K |
|
1927
Ethan Allen Interiors
ETD
$583M
| $1.98M | ﹤0.01% |
63,200
+200
| +0.3% | +$6.78K |
|
1928
Powell Industries
POWL
$7.43B
| $1.98M | ﹤0.01% |
147,900
+7,500
| +5% | +$95.7K |
|
|
KYNB
1929
Kyntra Bio
KYNB
$28.5M
| $1.97M | ﹤0.01% |
3,808
-268
| -7% | -$126K |
|
|
OMN
1930
DELISTED
OMNOVA Solutions Inc.
OMN
| $1.97M | ﹤0.01% |
233,300
-2,600
| -1% | -$24.2K |
|
|
SUP
1931
DELISTED
Superior Industries International
SUP
| $1.97M | ﹤0.01% |
67,500
-2,300
| -3% | -$66.8K |
|
1932
Virtus Investment Partners
VRTS
$1.14B
| $1.97M | ﹤0.01% |
20,100
-1,600
| -7% | -$140K |
|
|
CFNL
1933
DELISTED
Cardinal Financial Corp
CFNL
| $1.97M | ﹤0.01% |
75,400
-1,400
| -2% | -$35.2K |
|
1934
Independence Realty Trust
IRT
$4.01B
| $1.97M | ﹤0.01% |
218,337
+26,000
| +14% | +$242K |
|
|
CEMP
1935
DELISTED
Cempra, Inc.
CEMP
| $1.97M | ﹤0.01% |
81,200
-5,600
| -6% | -$121K |
|
|
GTS
1936
DELISTED
Triple-S Management Corporation
GTS
| $1.96M | ﹤0.01% |
93,864
-420
| -0.4% | -$9.4K |
|
|
GHDX
1937
DELISTED
Genomic Health, Inc.
GHDX
| $1.96M | ﹤0.01% |
67,700
-4,600
| -6% | -$128K |
|
|
SCTY
1938
DELISTED
SolarCity Corporation
SCTY
| $1.96M | ﹤0.01% |
99,940
-4,200
| -4% | -$94.1K |
|
1939
Encore Capital Group
ECPG
$2.15B
| $1.95M | ﹤0.01% |
86,900
+5,100
| +6% | +$115K |
|
|
GLUU
1940
DELISTED
Glu Mobile Inc.
GLUU
| $1.95M | ﹤0.01% |
871,300
-59,600
| -6% | -$138K |
|
1941
LendingTree
TREE
$461M
| $1.95M | ﹤0.01% |
20,100
-7,400
| -27% | -$737K |
|
1942
Babcock & Wilcox
BW
$1.39B
| $1.94M | ﹤0.01% |
11,780
-810
| -6% | -$130K |
|
1943
Golar LNG
GLNG
$5.21B
| $1.94M | ﹤0.01% |
91,500
-1,400
| -2% | -$26.7K |
|
1944
Innospec
IOSP
$2.31B
| $1.94M | ﹤0.01% |
31,900
-1,600
| -5% | -$89K |
|
|
WW
1945
DELISTED
WW International
WW
| $1.94M | ﹤0.01% |
187,871
-101,600
| -35% | -$1.12M |
|
|
GST
1946
DELISTED
Gastar Exploration Inc.
GST
| $1.93M | ﹤0.01% |
2,284,800
-156,600
| -6% | -$146K |
|
|
ACET
1947
DELISTED
Aceto Corp
ACET
| $1.93M | ﹤0.01% |
101,500
-8,100
| -7% | -$183K |
|
|
DX
1948
Dynex Capital
DX
$3.23B
| $1.92M | ﹤0.01% |
86,333
+433
| +0.5% | +$9.33K |
|
1949
UNIFI
UFI
$120M
| $1.92M | ﹤0.01% |
65,300
-4,600
| -7% | -$125K |
|
|
HW
1950
DELISTED
Headwaters Inc
HW
| $1.92M | ﹤0.01% |
113,400
-24,600
| -18% | -$454K |
|
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.