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 |
Ribbon Communications
RBBN
|
+$9.92M |
| 2 |
American Superconductor
AMSC
|
+$3.29M |
| 3 |
PRXI
PREMIER EXHIBITIONS INC COM STK NEW (FL)
PRXI
|
+$682K |
| 4 |
IKAN
IKANOS COMMUNICATIONS INC COM STK NEW (DE)
IKAN
|
+$584K |
| 5 |
STAB
Statera Biopharma, Inc. Common Stock
STAB
|
+$446K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$286M |
| 2 |
HBI
Hanesbrands
HBI
|
+$23.8M |
| 3 |
Gentex
GNTX
|
+$16.1M |
| 4 |
Centene
CNC
|
+$12.9M |
| 5 |
Vornado Realty Trust
VNO
|
+$5.91M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.52% |
| 2 | Technology | 14.08% |
| 3 | Healthcare | 13.54% |
| 4 | Industrials | 11.04% |
| 5 | Consumer Discretionary | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.57T
| $1.84B | 2.53% |
67,258,372
| – | – |
|
2
ExxonMobil
XOM
$634B
| $1.16B | 1.6% |
12,746,086
| – | – |
|
3
Microsoft
MSFT
$3.71T
| $990M | 1.37% |
23,198,160
| – | – |
|
4
Wells Fargo
WFC
$264B
| $929M | 1.28% |
17,533,990
| – | – |
|
5
Johnson & Johnson
JNJ
$625B
| $885M | 1.22% |
8,672,976
| – | – |
|
6
Alphabet (Google) Class C
GOOG
$4.32T
| $839M | 1.16% |
32,352,721
| – | – |
|
7
Procter & Gamble
PG
$339B
| $724M | 1% |
8,373,695
| – | – |
|
8
GE Aerospace
GE
$384B
| $701M | 0.97% |
5,996,961
| – | – |
|
9
JPMorgan Chase
JPM
$950B
| $670M | 0.93% |
11,923,845
| – | – |
|
10
Pfizer
PFE
$153B
| $626M | 0.86% |
20,237,173
| – | – |
|
11
Chevron
CVX
$366B
| $622M | 0.86% |
5,742,195
| – | – |
|
12
Verizon
VZ
$196B
| $603M | 0.83% |
13,003,698
| – | – |
|
13
Merck
MRK
$318B
| $565M | 0.78% |
9,469,926
| – | – |
|
14
AT&T
T
$163B
| $558M | 0.77% |
22,505,535
| – | – |
|
15
Bank of America
BAC
$442B
| $554M | 0.76% |
35,435,553
| – | – |
|
16
Coca-Cola
KO
$375B
| $526M | 0.73% |
12,401,573
| – | – |
|
17
Berkshire Hathaway Class B
BRK.B
$1.13T
| $515M | 0.71% |
3,485,708
| – | – |
|
18
Intel
INTC
$513B
| $513M | 0.71% |
15,009,928
| – | – |
|
19
Oracle
ORCL
$423B
| $492M | 0.68% |
11,333,219
| – | – |
|
20
Citigroup
C
$226B
| $476M | 0.66% |
9,857,421
| – | – |
|
21
IBM
IBM
$224B
| $461M | 0.64% |
3,138,465
| – | – |
|
22
Gilead Sciences
GILD
$165B
| $450M | 0.62% |
4,287,415
| – | – |
|
23
PepsiCo
PEP
$190B
| $449M | 0.62% |
4,645,635
| – | – |
|
24
Walt Disney
DIS
$181B
| $446M | 0.62% |
4,744,124
| – | – |
|
25
Comcast
CMCSA
$90B
| $443M | 0.61% |
15,718,808
| – | – |
|
Similar funds
California Public Employees Retirement System's Q1 2015 Portfolio in Review
As of Q1 2015, California Public Employees Retirement System held 3,811 positions worth $72.4B, unchanged from the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Trading was light in Q1 2015: portfolio turnover was 0%. California Public Employees Retirement System opened no new positions and made no exits, leaving the 3,811-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 16% of assets, unchanged from a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System added most to Ribbon Communications in Q1 2015, an estimated $9.92M increase.
- California Public Employees Retirement System's biggest Q1 2015 reduction was Visa, cutting an estimated $286M.
- California Public Employees Retirement System's ten largest holdings make up 13% of its $72.4B portfolio in Q1 2015.
- California Public Employees Retirement System opened 0 new positions and closed 0 in Q1 2015.
- California Public Employees Retirement System's portfolio value was unchanged quarter-over-quarter at $72.4B.
Based on California Public Employees Retirement System's 13F filing for Q1 2015, filed 18 May 2015.