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 | |
|---|---|---|---|---|---|---|
2051
Mercer International
MERC
$33.2M
| $1.64M | ﹤0.01% |
181,600
-91,884
| -34% | -$940K |
|
2052
NVE Corp
NVEC
$568M
| $1.64M | ﹤0.01% |
29,200
| – | – |
|
2053
Archrock
AROC
$5.99B
| $1.64M | ﹤0.01% |
217,382
+17,400
| +9% | +$248K |
|
|
HMHC
2054
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $1.63M | ﹤0.01% |
75,000
-21,400
| -22% | -$430K |
|
2055
Casella Waste Systems
CWST
$5.79B
| $1.63M | ﹤0.01% |
273,100
+58,000
| +27% | +$363K |
|
|
PES
2056
DELISTED
Pioneer Energy Services Corp.
PES
| $1.63M | ﹤0.01% |
751,400
+84,100
| +13% | +$217K |
|
2057
Helios Technologies
HLIO
$2.68B
| $1.63M | ﹤0.01% |
51,300
| – | – |
|
2058
TG Therapeutics
TGTX
$7.36B
| $1.63M | ﹤0.01% |
136,500
-48,700
| -26% | -$615K |
|
|
SWFT
2059
DELISTED
Swift Transportation Company
SWFT
| $1.63M | ﹤0.01% |
117,800
-26,700
| -18% | -$407K |
|
|
WAIR
2060
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $1.62M | ﹤0.01% |
135,200
-9,100
| -6% | -$113K |
|
2061
Mercantile Bank Corp
MBWM
$1.06B
| $1.62M | ﹤0.01% |
65,900
| – | – |
|
2062
Inogen
INGN
$154M
| $1.62M | ﹤0.01% |
40,300
| – | – |
|
|
QIWI
2063
DELISTED
QIWI PLC
QIWI
| $1.62M | ﹤0.01% |
90,000
| – | – |
|
|
AKS
2064
DELISTED
AK Steel Holding Corp
AKS
| $1.61M | ﹤0.01% |
720,408
+73,500
| +11% | +$185K |
|
|
NRE
2065
DELISTED
NorthStar Realty Europe Corp.
NRE
| $1.61M | ﹤0.01% |
+136,175
| New | +$1.5M |
|
|
METR
2066
DELISTED
METRO BANCORP, INC COMMON STOCK
METR
| $1.61M | ﹤0.01% |
51,200
-500
| -1% | -$15.8K |
|
2067
Golar LNG
GLNG
$5.3B
| $1.61M | ﹤0.01% |
101,700
| – | – |
|
2068
MarineMax
HZO
$1.15B
| $1.61M | ﹤0.01% |
87,200
| – | – |
|
|
STON
2069
DELISTED
StoneMor Inc.
STON
| $1.6M | ﹤0.01% |
60,000
+1,200
| +2% | +$34.2K |
|
2070
Credicorp
BAP
$30.4B
| $1.6M | ﹤0.01% |
16,471
-500
| -3% | -$54.3K |
|
|
ENV
2071
DELISTED
ENVESTNET, INC.
ENV
| $1.6M | ﹤0.01% |
53,715
+11,315
| +27% | +$349K |
|
2072
Quad
QUAD
$505M
| $1.6M | ﹤0.01% |
171,600
+19,300
| +13% | +$208K |
|
|
SN
2073
DELISTED
Sanchez Energy Corporation
SN
| $1.59M | ﹤0.01% |
369,500
| – | – |
|
2074
Saia
SAIA
$10.2B
| $1.59M | ﹤0.01% |
71,350
-1,400
| -2% | -$36.2K |
|
2075
Seacoast Banking Corp of Florida
SBCF
$3.5B
| $1.58M | ﹤0.01% |
105,800
| – | – |
|
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.