Top 5 2nd Quarter Trades of CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM

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Aug 11, 2022
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CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM recently filed their 13F report for the second quarter of 2022, which ended on 2022-06-30.

The 13F report details which stocks were in a guru’s equity portfolio at the end of the quarter, though investors should note that these filings are limited in scope, containing only a snapshot of long positions in U.S.-listed stocks and American depository receipts as of the quarter’s end. They are not required to include international holdings, short positions or other types of investments. Still, even this limited filing can provide valuable information.

The California Public Employees' Retirement System is a Californian agency in the investment managing business. The firm is state operated and provides retirement and health benefit programs and other services in order to maintain members’ financial security. California Public Employees' Retirement System, CalPERS for short, supports public employees, retirees, and families, managing equity, fixed income, alternative portfolios, hedge funds, real estate asset management and acquisitions, and external management services. Although all its clients are residents of California, the organization invests in a variety of securities on the global scale, include cash equivalents and real estate worldwide. CalPERS’s headquarters are in Sacramento, but it also has additional offices in San Francisco, Glendale, San Bernardino, San Diego, San Jose, Orange, and Fresno. The agency currently has over 1.7 million members, with over a million of its members being active supporters and over half a million beneficiaries. Its contributing members are more or less split equally between state, school, and local public agencies. CalPERS employers come from public agencies and school districts and number over 3000, being about equally distributed. The agency paid over $12 billion in benefits to its retired members and has a current total fund market value of approximately $300 billion. The business is run with the board of directors oversee the company and the finance committee and general counsel acting directly beneath it. In order to operate, CalPERS is divided into an investment, health and retirement segment, relying on a four divisional infrastructure with Human Resources, Information Technology Services, Fiscal, and Audits branches to support it. CalPERS’s retirement income funds are split into 5 year target plans, currently ranging from 2015 to 2055. Its notable core index funds come from State Street Global Advisors and include Short Term Investment, Real Asset, Bond Index, and Russell All Cap Index funds.

As of the latest 13F report, the guru’s equity portfolio contained 1222 stocks valued at a total of $106.86Bil. The top holdings were MSFT(3.98%), AAPL(3.83%), and JNJ(1.90%).

According to GuruFocus data, these were CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM’s top five trades of the quarter.

Amazon.com Inc


CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM reduced their investment in NAS:AMZN by 1,865,579 shares. The trade had a 0.24% impact on the equity portfolio. During the quarter, the stock traded for an average price of $125.73.

On 08/11/2022, Amazon.com Inc traded for a price of $141.65 per share and a market cap of $1,443.88Bil. The stock has returned -13.90% over the past year.

GuruFocus gives the company a financial strength rating of 6 out of 10 and a profitability rating of 9 out of 10.

In terms of valuation, Amazon.com Inc has a price-earnings ratio of 127.00, a price-book ratio of 10.99, a price-earnings-to-growth (PEG) ratio of 3.03, a EV-to-Ebitda ratio of 29.75 and a price-sales ratio of 2.98.

The price-to-GF Value ratio is 0.75, earning the stock a GF Value rank of 10.

Apple Inc


CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM reduced their investment in NAS:AAPL by 1,767,968 shares. The trade had a 0.24% impact on the equity portfolio. During the quarter, the stock traded for an average price of $151.81.

On 08/11/2022, Apple Inc traded for a price of $169.36 per share and a market cap of $2,723.51Bil. The stock has returned 16.80% over the past year.

GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 10 out of 10.

In terms of valuation, Apple Inc has a price-earnings ratio of 27.96, a price-book ratio of 46.94, a price-earnings-to-growth (PEG) ratio of 1.97, a EV-to-Ebitda ratio of 21.23 and a price-sales ratio of 7.20.

The price-to-GF Value ratio is 1.00, earning the stock a GF Value rank of 6.

Microsoft Corp


CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM reduced their investment in NAS:MSFT by 807,629 shares. The trade had a 0.19% impact on the equity portfolio. During the quarter, the stock traded for an average price of $271.99.

On 08/11/2022, Microsoft Corp traded for a price of $288.59 per share and a market cap of $2,151.30Bil. The stock has returned 1.37% over the past year.

GuruFocus gives the company a financial strength rating of 8 out of 10 and a profitability rating of 10 out of 10.

In terms of valuation, Microsoft Corp has a price-earnings ratio of 29.91, a price-book ratio of 12.93, a price-earnings-to-growth (PEG) ratio of 1.45, a EV-to-Ebitda ratio of 21.02 and a price-sales ratio of 10.96.

The price-to-GF Value ratio is 0.95, earning the stock a GF Value rank of 7.

International Business Machines Corp


During the quarter, CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM bought 1,206,006 shares of NYSE:IBM for a total holding of 4,574,680. The trade had a 0.16% impact on the equity portfolio. During the quarter, the stock traded for an average price of $134.89.

On 08/11/2022, International Business Machines Corp traded for a price of $132.88 per share and a market cap of $120.10Bil. The stock has returned 2.80% over the past year.

GuruFocus gives the company a financial strength rating of 4 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, International Business Machines Corp has a price-earnings ratio of 21.59, a price-book ratio of 6.18, a EV-to-Ebitda ratio of 14.44 and a price-sales ratio of 2.38.

The price-to-GF Value ratio is 1.16, earning the stock a GF Value rank of 3.

Cerner Corp


The guru sold out of their 1,925,413-share investment in NAS:CERN. Previously, the stock had a 0.14% weight in the equity portfolio. Shares traded for an average price of $93.94 during the quarter.

On 08/11/2022, Cerner Corp traded for a price of $94.92 per share and a market cap of $27.92Bil. The stock has returned 20.58% over the past year.

GuruFocus gives the company a financial strength rating of 7 out of 10 and a profitability rating of 8 out of 10.

In terms of valuation, Cerner Corp has a price-earnings ratio of 43.38, a price-book ratio of 6.88, a price-earnings-to-growth (PEG) ratio of 2.65, a EV-to-Ebitda ratio of 17.47 and a price-sales ratio of 4.46.

The price-to-GF Value ratio is 1.16, earning the stock a GF Value rank of 3.


Please note, the numbers and facts quoted are as of the writing of this article and may not factor in the latest trading data or company announcements.

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