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 | |
|---|---|---|---|---|---|---|
|
LHCG
2001
DELISTED
LHC Group LLC
LHCG
| $1.7M | ﹤0.01% |
37,200
-1,800
| -5% | -$73.2K |
|
2002
Arbor Realty Trust
ABR
$981M
| $1.7M | ﹤0.01% |
227,600
+4,200
| +2% | +$30.9K |
|
2003
BlackRock TCP Capital
TCPC
$353M
| $1.7M | ﹤0.01% |
100,500
+8,300
| +9% | +$137K |
|
|
HMHC
2004
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $1.69M | ﹤0.01% |
155,400
+43,700
| +39% | +$512K |
|
|
HNH
2005
DELISTED
Handy & Harman Holdings Ltd.
HNH
| $1.69M | ﹤0.01% |
66,000
-3,300
| -5% | -$75.3K |
|
2006
Ducommun
DCO
$3.01B
| $1.68M | ﹤0.01% |
65,900
+6,000
| +10% | +$146K |
|
|
KMG
2007
DELISTED
KMG Chemicals Inc
KMG
| $1.68M | ﹤0.01% |
43,200
+200
| +0.5% | +$6.38K |
|
|
EPZM
2008
DELISTED
Epizyme, Inc
EPZM
| $1.68M | ﹤0.01% |
138,400
-7,000
| -5% | -$73.1K |
|
2009
FreightCar America
RAIL
$243M
| $1.67M | ﹤0.01% |
111,900
+51,600
| +86% | +$737K |
|
2010
StoneX
SNEX
$8.05B
| $1.67M | ﹤0.01% |
213,638
+12,657
| +6% | +$98.2K |
|
2011
Flotek Industries
FTK
$1.25B
| $1.66M | ﹤0.01% |
29,533
-784
| -3% | -$57.3K |
|
|
YELL
2012
DELISTED
Yellow Corporation Common Stock
YELL
| $1.66M | ﹤0.01% |
125,100
-59,500
| -32% | -$750K |
|
2013
Globus Medical
GMED
$11.5B
| $1.66M | ﹤0.01% |
66,800
-15,800
| -19% | -$359K |
|
2014
Park-Ohio Holdings
PKOH
$718M
| $1.66M | ﹤0.01% |
38,900
-1,600
| -4% | -$61.4K |
|
2015
Mercantile Bank Corp
MBWM
$1.06B
| $1.65M | ﹤0.01% |
43,800
-16,600
| -27% | -$523K |
|
|
NSH
2016
DELISTED
NuStar GP Holdings LLC
NSH
| $1.65M | ﹤0.01% |
57,100
-2,700
| -5% | -$69.3K |
|
2017
Emergent Biosolutions
EBS
$230M
| $1.65M | ﹤0.01% |
50,200
-8,400
| -14% | -$252K |
|
|
LGF.A
2018
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $1.65M | ﹤0.01% |
+61,300
| New | +$1.66M |
|
|
AVX
2019
DELISTED
AVX Corporation
AVX
| $1.65M | ﹤0.01% |
105,500
+1,800
| +2% | +$26.5K |
|
|
ACET
2020
DELISTED
Aceto Corp
ACET
| $1.65M | ﹤0.01% |
75,000
-26,500
| -26% | -$520K |
|
2021
Park Aerospace
PKE
$811M
| $1.65M | ﹤0.01% |
88,300
+9,800
| +12% | +$167K |
|
|
MIK
2022
DELISTED
Michaels Stores, Inc
MIK
| $1.65M | ﹤0.01% |
80,500
-23,800
| -23% | -$553K |
|
|
WAIR
2023
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $1.65M | ﹤0.01% |
110,000
-44,700
| -29% | -$627K |
|
2024
Scorpio Tankers
STNG
$3.93B
| $1.64M | ﹤0.01% |
36,250
-3,330
| -8% | -$144K |
|
2025
Universal Insurance Holdings
UVE
$1.18B
| $1.64M | ﹤0.01% |
57,800
-2,700
| -4% | -$64.3K |
|
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.