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 |
Alphabet (Google) Class A
GOOGL
|
+$580M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$546M |
| 3 |
Synchrony
SYF
|
+$166M |
| 4 |
Hewlett Packard
HPE
|
+$71.4M |
| 5 |
Alibaba
BABA
|
+$54.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GE Aerospace
GE
|
+$115M |
| 2 |
HP
HPQ
|
+$80M |
| 3 |
Apple
AAPL
|
+$51.3M |
| 4 |
SIAL
SIGMA - ALDRICH CORP
SIAL
|
+$44.7M |
| 5 |
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
|
+$39.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.51% |
| 2 | Healthcare | 14.86% |
| 3 | Technology | 14.39% |
| 4 | Industrials | 10.72% |
| 5 | Consumer Discretionary | 9.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1826
AAR Corp
AIR
$5.83B
| $2.33M | ﹤0.01% |
88,800
+5,000
| +6% | +$117K |
|
|
TERP
1827
DELISTED
TerraForm Power, Inc
TERP
| $2.33M | ﹤0.01% |
185,600
-11,000
| -6% | -$157K |
|
1828
Meritage Homes
MTH
$4.8B
| $2.33M | ﹤0.01% |
137,200
-7,200
| -5% | -$132K |
|
1829
Four Corners Property Trust
FCPT
$2.77B
| $2.33M | ﹤0.01% |
+132,112
| New | +$2.06M |
|
|
CFNL
1830
DELISTED
Cardinal Financial Corp
CFNL
| $2.33M | ﹤0.01% |
102,400
-13,200
| -11% | -$310K |
|
|
KRA
1831
DELISTED
Kraton Corporation
KRA
| $2.33M | ﹤0.01% |
140,200
+17,300
| +14% | +$355K |
|
1832
Red Robin
RRGB
$181M
| $2.33M | ﹤0.01% |
37,700
-1,500
| -4% | -$105K |
|
1833
Buckle
BKE
$2.28B
| $2.33M | ﹤0.01% |
75,600
| – | – |
|
|
FNFV
1834
DELISTED
Fidelity Natl Financial, Inc.
FNFV
| $2.33M | ﹤0.01% |
207,120
| – | – |
|
1835
RadNet
RDNT
$6.05B
| $2.32M | ﹤0.01% |
376,000
+11,300
| +3% | +$69.9K |
|
|
RATE
1836
DELISTED
Bankrate Inc
RATE
| $2.32M | ﹤0.01% |
174,400
| – | – |
|
|
CZR
1837
DELISTED
Caesars Entertainment Corporation
CZR
| $2.32M | ﹤0.01% |
293,600
+54,700
| +23% | +$432K |
|
1838
Lattice Semiconductor
LSCC
$18.7B
| $2.32M | ﹤0.01% |
357,900
| – | – |
|
1839
Globus Medical
GMED
$11.5B
| $2.31M | ﹤0.01% |
83,100
| – | – |
|
|
CPLA
1840
DELISTED
Capella Education Company
CPLA
| $2.31M | ﹤0.01% |
50,000
| – | – |
|
|
IPHI
1841
DELISTED
INPHI CORPORATION
IPHI
| $2.31M | ﹤0.01% |
85,500
+27,100
| +46% | +$775K |
|
|
TBRG
1842
DELISTED
TruBridge
TBRG
| $2.31M | ﹤0.01% |
46,400
| – | – |
|
|
FNHC
1843
DELISTED
FedNat Holding Company Common Stock
FNHC
| $2.3M | ﹤0.01% |
77,900
+17,800
| +30% | +$520K |
|
1844
Team
TISI
$97.6M
| $2.3M | ﹤0.01% |
7,200
-900
| -11% | -$318K |
|
1845
Stoneridge
SRI
$202M
| $2.3M | ﹤0.01% |
155,400
-2,500
| -2% | -$33.6K |
|
1846
Kelly Services Class A
KELYA
$559M
| $2.3M | ﹤0.01% |
142,200
-3,000
| -2% | -$48K |
|
|
NTP
1847
DELISTED
Nam Tai Property Inc.
NTP
| $2.29M | ﹤0.01% |
396,316
-23,200
| -6% | -$131K |
|
|
ZINC
1848
DELISTED
HORSEHEAD HLDG CORP COM STK (DE)
ZINC
| $2.29M | ﹤0.01% |
1,118,600
| – | – |
|
|
HEES
1849
DELISTED
H&E Equipment Services
HEES
| $2.28M | ﹤0.01% |
130,600
+5,700
| +5% | +$105K |
|
|
ATSG
1850
DELISTED
Air Transport Services Group
ATSG
| $2.28M | ﹤0.01% |
226,300
-6,900
| -3% | -$65.1K |
|
Similar funds
California Public Employees Retirement System's Q4 2015 Portfolio in Review
As of Q4 2015, California Public Employees Retirement System held 3,723 positions worth $63.3B, up 7.5% from $58.9B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q4 2015: portfolio turnover was 4.6%. California Public Employees Retirement System opened 75 new positions and exited 97, leaving the 3,723-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 17% of assets, down from 17% a quarter earlier, followed by Healthcare and Technology.
- California Public Employees Retirement System's largest Q4 2015 buy was Alphabet (Google) Class A: 15,685,180 shares worth $610M.
- California Public Employees Retirement System added most to Synchrony in Q4 2015, an estimated $166M increase.
- California Public Employees Retirement System's biggest Q4 2015 reduction was GE Aerospace, cutting an estimated $115M.
- California Public Employees Retirement System fully exited SIGMA - ALDRICH CORP in Q4 2015, selling an estimated $44.7M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $63.3B portfolio in Q4 2015.
- California Public Employees Retirement System opened 75 new positions and closed 97 in Q4 2015.
- California Public Employees Retirement System's portfolio value rose 7.5% quarter-over-quarter to $63.3B.
Based on California Public Employees Retirement System's 13F filing for Q4 2015, filed 4 Feb 2016.