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 | |
|---|---|---|---|---|---|---|
|
WG
2026
DELISTED
Willbros Group
WG
| $1.7M | ﹤0.01% |
632,029
-4,300
| -0.7% | -$10.4K |
|
2027
Marten Transport
MRTN
$1.24B
| $1.7M | ﹤0.01% |
239,750
| – | – |
|
|
RDUS
2028
DELISTED
Radius Recycling
RDUS
| $1.7M | ﹤0.01% |
117,962
+2,100
| +2% | +$33.6K |
|
2029
Biglari Holdings Class B
BH
$1.23B
| $1.69M | ﹤0.01% |
7,800
| – | – |
|
2030
Exelixis
EXEL
$12.5B
| $1.69M | ﹤0.01% |
300,300
+40,000
| +15% | +$224K |
|
2031
Piper Sandler
PIPR
$5.51B
| $1.69M | ﹤0.01% |
167,600
+10,400
| +7% | +$99.7K |
|
|
AMCC
2032
DELISTED
Applied Micro Circuits Corporation New
AMCC
| $1.69M | ﹤0.01% |
264,800
| – | – |
|
|
HSII
2033
DELISTED
Heidrick & Struggles
HSII
| $1.68M | ﹤0.01% |
61,875
-2,400
| -4% | -$62.8K |
|
2034
Motorcar Parts of America
MPAA
$235M
| $1.68M | ﹤0.01% |
49,800
+16,000
| +47% | +$572K |
|
2035
Gorman-Rupp
GRC
$2.13B
| $1.68M | ﹤0.01% |
62,868
| – | – |
|
|
LION
2036
DELISTED
Fidelity Southern Corporation
LION
| $1.68M | ﹤0.01% |
75,300
+9,000
| +14% | +$194K |
|
|
TDAY
2037
USA Today Co
TDAY
$1B
| $1.68M | ﹤0.01% |
86,200
| – | – |
|
2038
Calix
CALX
$2.49B
| $1.68M | ﹤0.01% |
212,800
+61,800
| +41% | +$484K |
|
|
ENLC
2039
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $1.68M | ﹤0.01% |
111,000
+24,300
| +28% | +$437K |
|
|
TSRO
2040
DELISTED
TESARO, Inc.
TSRO
| $1.67M | ﹤0.01% |
32,000
| – | – |
|
|
TBHC
2041
DELISTED
The Brand House Collective
TBHC
| $1.67M | ﹤0.01% |
115,400
+9,700
| +9% | +$184K |
|
|
HNH
2042
DELISTED
Handy & Harman Holdings Ltd.
HNH
| $1.67M | ﹤0.01% |
81,200
| – | – |
|
|
ATRI
2043
DELISTED
Atrion Corp
ATRI
| $1.66M | ﹤0.01% |
4,359
| – | – |
|
2044
Arbor Realty Trust
ABR
$963M
| $1.66M | ﹤0.01% |
232,000
+15,100
| +7% | +$101K |
|
2045
NN Inc
NNBR
$303M
| $1.66M | ﹤0.01% |
104,000
-4,200
| -4% | -$68.1K |
|
2046
Entravision Communication
EVC
$827M
| $1.66M | ﹤0.01% |
214,600
-72,100
| -25% | -$586K |
|
2047
Alliance Resource Partners
ARLP
$3.24B
| $1.65M | ﹤0.01% |
122,600
-6,100
| -5% | -$113K |
|
|
XOXO
2048
DELISTED
Xo Group Inc
XOXO
| $1.65M | ﹤0.01% |
102,800
-26,000
| -20% | -$414K |
|
2049
HealthStream
HSTM
$843M
| $1.65M | ﹤0.01% |
75,000
| – | – |
|
|
VASC
2050
DELISTED
Vascular Solutions Inc
VASC
| $1.64M | ﹤0.01% |
47,800
-25,600
| -35% | -$867K |
|
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.