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 | |
|---|---|---|---|---|---|---|
2276
Provident Financial
PROV
$112M
| $1.08M | ﹤0.01% |
53,515
| – | – |
|
2277
China Yuchai International
CYD
$1.75B
| $1.08M | ﹤0.01% |
78,200
-4,000
| -5% | -$48.2K |
|
2278
Bloomin' Brands
BLMN
$952M
| $1.08M | ﹤0.01% |
59,800
-67,200
| -53% | -$1.22M |
|
2279
Regional Management Corp
RM
$292M
| $1.08M | ﹤0.01% |
41,000
| – | – |
|
|
WWE
2280
DELISTED
World Wrestling Entertainment
WWE
| $1.07M | ﹤0.01% |
58,300
-47,700
| -45% | -$903K |
|
2281
eHealth
EHTH
$39.1M
| $1.07M | ﹤0.01% |
100,500
-3,600
| -3% | -$36.7K |
|
2282
CVR Partners
UAN
$1.27B
| $1.07M | ﹤0.01% |
17,750
-5,725
| -24% | -$294K |
|
|
SRG
2283
Seritage Growth Properties
SRG
$135M
| $1.06M | ﹤0.01% |
24,900
+200
| +0.8% | +$9.31K |
|
2284
Comfort Systems
FIX
$59.4B
| $1.06M | ﹤0.01% |
31,900
-15,200
| -32% | -$473K |
|
2285
Natural Gas Services Group
NGS
$474M
| $1.06M | ﹤0.01% |
33,000
-1,600
| -5% | -$44K |
|
2286
Marchex
MCHX
$77.1M
| $1.06M | ﹤0.01% |
398,790
| – | – |
|
|
CIVI
2287
DELISTED
Civitas Resources
CIVI
| $1.05M | ﹤0.01% |
9,269
+3,566
| +63% | +$458K |
|
2288
Flexsteel Industries
FLXS
$307M
| $1.05M | ﹤0.01% |
17,100
+700
| +4% | +$36.3K |
|
2289
Silgan Holdings
SLGN
$4.35B
| $1.05M | ﹤0.01% |
41,200
-7,200
| -15% | -$181K |
|
|
CVRR
2290
DELISTED
CVR Refining, LP
CVRR
| $1.05M | ﹤0.01% |
101,200
-100
| -0.1% | -$873 |
|
2291
Banc of California
BANC
$3.09B
| $1.05M | ﹤0.01% |
60,600
-34,400
| -36% | -$528K |
|
|
TRST
2292
Trustco Bank Corp NY
TRST
$953M
| $1.05M | ﹤0.01% |
23,960
-900
| -4% | -$35.1K |
|
2293
Financial Institutions
FISI
$821M
| $1.05M | ﹤0.01% |
30,600
| – | – |
|
|
SMRT
2294
DELISTED
Stein Mart Inc
SMRT
| $1.04M | ﹤0.01% |
189,700
-6,200
| -3% | -$35.9K |
|
|
SSNI
2295
DELISTED
Silver Spring Networks, Inc.
SSNI
| $1.04M | ﹤0.01% |
78,100
-24,900
| -24% | -$344K |
|
2296
WIX.com
WIX
$2.79B
| $1.03M | ﹤0.01% |
23,200
-18,500
| -44% | -$835K |
|
|
BMTC
2297
DELISTED
Bryn Mawr Bank Corp
BMTC
| $1.03M | ﹤0.01% |
24,500
-4,000
| -14% | -$141K |
|
2298
Ribbon Communications
RBBN
$356M
| $1.03M | ﹤0.01% |
163,300
+25,500
| +19% | +$168K |
|
|
BRG
2299
DELISTED
Bluerock Residential Growth REIT, Inc.
BRG
| $1.03M | ﹤0.01% |
75,000
| – | – |
|
|
PRMW
2300
DELISTED
Primo Water Corporation
PRMW
| $1.03M | ﹤0.01% |
83,768
-6,832
| -8% | -$87.8K |
|
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.