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 | |
|---|---|---|---|---|---|---|
|
MCBC
2076
DELISTED
Macatawa Bank Corp
MCBC
| $1.52M | ﹤0.01% |
145,652
-11,100
| -7% | -$99.7K |
|
|
FGP
2077
DELISTED
Ferrellgas Partners, L.P.
FGP
| $1.51M | ﹤0.01% |
223,300
-115,500
| -34% | -$925K |
|
2078
Standex International
SXI
$4.01B
| $1.51M | ﹤0.01% |
17,200
-600
| -3% | -$52.4K |
|
|
ATCO
2079
DELISTED
Atlas Corp.
ATCO
| $1.51M | ﹤0.01% |
165,000
+24,100
| +17% | +$255K |
|
|
HSII
2080
DELISTED
Heidrick & Struggles
HSII
| $1.5M | ﹤0.01% |
62,100
+9,800
| +19% | +$206K |
|
2081
TTEC Holdings
TTEC
$79.4M
| $1.5M | ﹤0.01% |
49,000
-3,100
| -6% | -$89.1K |
|
|
RSO
2082
DELISTED
Resource Capital Corp.
RSO
| $1.5M | ﹤0.01% |
179,450
-36,900
| -17% | -$383K |
|
|
UBA
2083
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $1.5M | ﹤0.01% |
62,000
-28,200
| -31% | -$628K |
|
2084
Agios Pharmaceuticals
AGIO
$2.01B
| $1.49M | ﹤0.01% |
35,600
-1,800
| -5% | -$94.5K |
|
2085
Kinsale Capital Group
KNSL
$8.58B
| $1.49M | ﹤0.01% |
43,700
+34,500
| +375% | +$915K |
|
2086
Boyd Gaming
BYD
$6.01B
| $1.49M | ﹤0.01% |
73,600
+2,900
| +4% | +$55.8K |
|
|
DM
2087
DELISTED
Dominion Energy Midstream Ptr LP
DM
| $1.48M | ﹤0.01% |
50,100
-2,500
| -5% | -$64.6K |
|
2088
Lands' End
LE
$393M
| $1.48M | ﹤0.01% |
97,327
+10,500
| +12% | +$172K |
|
2089
ATN International
ATNI
$495M
| $1.47M | ﹤0.01% |
18,400
-700
| -4% | -$49.9K |
|
2090
Alamo Group
ALG
$2.01B
| $1.47M | ﹤0.01% |
19,300
-9,600
| -33% | -$674K |
|
|
JONE
2091
DELISTED
Jones Energy, Inc.
JONE
| $1.46M | ﹤0.01% |
15,920
+8,661
| +119% | +$701K |
|
2092
Quantum Corp
QMCO
$976M
| $1.46M | ﹤0.01% |
10,982
+1,343
| +14% | +$176K |
|
|
JASO
2093
DELISTED
JA Solar Holdings, Co., Ltd
JASO
| $1.46M | ﹤0.01% |
306,659
-41,600
| -12% | -$235K |
|
2094
Johnson Outdoors
JOUT
$513M
| $1.46M | ﹤0.01% |
36,700
+6,300
| +21% | +$243K |
|
|
MCHB
2095
Mechanics Bancorp
MCHB
$3.79B
| $1.45M | ﹤0.01% |
45,900
+4,400
| +11% | +$126K |
|
|
AMRN
2096
Amarin Corp
AMRN
$299M
| $1.45M | ﹤0.01% |
23,525
| – | – |
|
2097
Air T
AIRT
$78.6M
| $1.45M | ﹤0.01% |
94,800
| – | – |
|
2098
National Presto Industries
NPK
$982M
| $1.45M | ﹤0.01% |
13,600
-4,700
| -26% | -$437K |
|
2099
Hooker Furnishings Corp
HOFT
$159M
| $1.45M | ﹤0.01% |
38,100
| – | – |
|
|
MANT
2100
DELISTED
Mantech International Corp
MANT
| $1.45M | ﹤0.01% |
34,200
-10,400
| -23% | -$428K |
|
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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.