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 | |
|---|---|---|---|---|---|---|
1901
Veeco
VECO
$3.25B
| $2.1M | ﹤0.01% |
102,400
-5,300
| -5% | -$107K |
|
|
KKD
1902
DELISTED
KRISPY KREME DOUGHNUTS INC
KKD
| $2.1M | ﹤0.01% |
139,700
| – | – |
|
|
ATCO
1903
DELISTED
Atlas Corp.
ATCO
| $2.1M | ﹤0.01% |
132,900
| – | – |
|
|
RENT
1904
DELISTED
RENTRAK CORP
RENT
| $2.1M | ﹤0.01% |
44,200
| – | – |
|
1905
Alpha and Omega Semiconductor
AOSL
$926M
| $2.1M | ﹤0.01% |
228,300
| – | – |
|
|
AVDL
1906
DELISTED
Avadel Pharmaceuticals
AVDL
| $2.09M | ﹤0.01% |
171,500
| – | – |
|
1907
Coeur Mining
CDE
$19.7B
| $2.08M | ﹤0.01% |
840,600
+72,000
| +9% | +$197K |
|
1908
Koppers
KOP
$885M
| $2.08M | ﹤0.01% |
114,000
+3,400
| +3% | +$69K |
|
1909
Simmons First National
SFNC
$3.48B
| $2.06M | ﹤0.01% |
80,400
+41,400
| +106% | +$1.09M |
|
1910
First Financial Bancorp
FFBC
$3.62B
| $2.06M | ﹤0.01% |
114,200
+3,500
| +3% | +$67.2K |
|
1911
Wendy's
WEN
$1.64B
| $2.06M | ﹤0.01% |
191,045
-64,400
| -25% | -$634K |
|
|
ALJ
1912
DELISTED
Alon USA Energy Inc
ALJ
| $2.06M | ﹤0.01% |
138,600
+23,900
| +21% | +$400K |
|
|
LNCO
1913
DELISTED
LINNCO LLC COM SHS REPSTG LTD LIABILITY
LNCO
| $2.05M | ﹤0.01% |
2,012,200
+200,000
| +11% | +$404K |
|
|
IRBT
1914
DELISTED
iRobot
IRBT
| $2.05M | ﹤0.01% |
57,900
+20,100
| +53% | +$650K |
|
1915
Azenta
AZTA
$1.47B
| $2.04M | ﹤0.01% |
191,400
+9,200
| +5% | +$104K |
|
1916
Immersion
IMMR
$249M
| $2.04M | ﹤0.01% |
175,200
| – | – |
|
|
UAM
1917
DELISTED
Universal American Corp
UAM
| $2.03M | ﹤0.01% |
290,300
+17,100
| +6% | +$122K |
|
|
IMOS
1918
ChipMOS TECHNOLOGIES
IMOS
$2B
| $2.03M | ﹤0.01% |
92,841
+3,812
| +4% | +$77.6K |
|
|
WWE
1919
DELISTED
World Wrestling Entertainment
WWE
| $2.02M | ﹤0.01% |
113,500
| – | – |
|
|
BFX
1920
DELISTED
BowFlex Inc.
BFX
| $2.02M | ﹤0.01% |
120,900
+2,000
| +2% | +$35.1K |
|
1921
A10 Networks
ATEN
$1.95B
| $2.02M | ﹤0.01% |
308,000
+54,700
| +22% | +$379K |
|
|
UTEK
1922
DELISTED
Ultratech Inc.
UTEK
| $2.01M | ﹤0.01% |
101,500
| – | – |
|
|
CIO
1923
DELISTED
City Office REIT
CIO
| $2.01M | ﹤0.01% |
165,000
| – | – |
|
|
SIRE
1924
DELISTED
Sisecam Resources LP
SIRE
| $2.01M | ﹤0.01% |
90,000
| – | – |
|
1925
Comfort Systems
FIX
$62.7B
| $2M | ﹤0.01% |
70,400
-6,900
| -9% | -$210K |
|
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.