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 |
Chubb
CB
|
+$42.8M |
| 2 |
Broadcom
AVGO
|
+$35.4M |
| 3 |
Chevron
CVX
|
+$26M |
| 4 |
Weyerhaeuser
WY
|
+$23.4M |
| 5 |
Dentsply Sirona
XRAY
|
+$20.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CB
CHUBB CORPORATION
CB
|
+$93.8M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$83.3M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$79.2M |
| 4 |
Meta Platforms (Facebook)
META
|
+$34.9M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$34.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.29% |
| 2 | Technology | 14.48% |
| 3 | Healthcare | 13.34% |
| 4 | Industrials | 10.9% |
| 5 | Consumer Discretionary | 9.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Liberty Global Class C
LBTYK
$3.49B
| $54.1M | 0.09% |
1,659,722
-60,250
| -4% | -$1.83M |
|
227
Cencora
COR
$61.2B
| $54.1M | 0.09% |
624,800
-81,200
| -12% | -$7.23M |
|
228
Entergy
ETR
$50B
| $53.8M | 0.09% |
1,358,272
+65,800
| +5% | +$2.39M |
|
229
Las Vegas Sands
LVS
$29.6B
| $53.6M | 0.09% |
1,036,600
+14,200
| +1% | +$650K |
|
|
K
230
DELISTED
Kellanova
K
| $53.5M | 0.09% |
744,067
-30,459
| -4% | -$2.1M |
|
231
Ventas
VTR
$47.9B
| $53.1M | 0.09% |
844,012
-37,661
| -4% | -$2.12M |
|
232
Moody's
MCO
$82.7B
| $52.9M | 0.09% |
547,400
-24,000
| -4% | -$2.16M |
|
233
Dollar Tree
DLTR
$25.2B
| $52.8M | 0.09% |
640,680
-41,544
| -6% | -$3.28M |
|
234
Roper Technologies
ROP
$39.8B
| $52.8M | 0.09% |
288,800
-13,327
| -4% | -$2.3M |
|
|
HES
235
DELISTED
Hess
HES
| $52.7M | 0.08% |
1,000,151
+50,200
| +5% | +$2.22M |
|
236
Tyson Foods
TSN
$20.4B
| $52.6M | 0.08% |
789,700
-82,516
| -9% | -$4.96M |
|
237
NVIDIA
NVDA
$5.42T
| $52.4M | 0.08% |
58,776,000
-2,276,000
| -4% | -$1.74M |
|
|
BXLT
238
DELISTED
BAXALTA INC COM STK (DE)
BXLT
| $52.3M | 0.08% |
1,295,600
-124,823
| -9% | -$4.94M |
|
239
Ameriprise Financial
AMP
$48.8B
| $52.3M | 0.08% |
556,528
-13,700
| -2% | -$1.23M |
|
|
BHI
240
DELISTED
Baker Hughes
BHI
| $52M | 0.08% |
1,186,683
-10,600
| -0.9% | -$458K |
|
|
EA
241
DELISTED
Electronic Arts
EA
| $51.8M | 0.08% |
783,500
-32,200
| -4% | -$2.05M |
|
242
Conagra Brands
CAG
$7.23B
| $51.7M | 0.08% |
1,488,673
-79,027
| -5% | -$2.56M |
|
243
Republic Services
RSG
$65.7B
| $51.4M | 0.08% |
1,077,713
-34,600
| -3% | -$1.57M |
|
244
Paychex
PAYX
$42.7B
| $51.3M | 0.08% |
948,907
-2,300
| -0.2% | -$116K |
|
245
International Paper
IP
$22B
| $50.3M | 0.08% |
1,294,730
+5,620
| +0.4% | +$196K |
|
246
FirstEnergy
FE
$27.5B
| $49.8M | 0.08% |
1,383,937
+42,200
| +3% | +$1.42M |
|
247
T. Rowe Price
TROW
$24.3B
| $49.6M | 0.08% |
675,675
+14,200
| +2% | +$986K |
|
248
Fidelity National Information Services
FIS
$22.1B
| $49.4M | 0.08% |
780,883
-62,200
| -7% | -$3.73M |
|
|
SE
249
DELISTED
Spectra Energy Corp Wi
SE
| $48.7M | 0.08% |
1,592,500
-11,000
| -0.7% | -$310K |
|
250
Newmont
NEM
$119B
| $48.7M | 0.08% |
1,831,416
+49,700
| +3% | +$1.15M |
|
Similar funds
California Public Employees Retirement System's Q1 2016 Portfolio in Review
As of Q1 2016, California Public Employees Retirement System held 3,700 positions worth $62B, down 1.9% from $63.3B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
California Public Employees Retirement System's Q1 2016 filing shows 73 new, 1,092 increased, 1,697 reduced and 112 closed positions. Its largest new stake was Axalta: 370,700 shares worth $10.8M. The largest sale was CHUBB CORPORATION, an estimated $93.8M.
By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 16% a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System's largest Q1 2016 buy was Axalta: 370,700 shares worth $10.8M.
- California Public Employees Retirement System added most to Chubb in Q1 2016, an estimated $42.8M increase.
- California Public Employees Retirement System's biggest Q1 2016 reduction was Meta Platforms (Facebook), cutting an estimated $34.9M.
- California Public Employees Retirement System fully exited CHUBB CORPORATION in Q1 2016, selling an estimated $93.8M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $62B portfolio in Q1 2016.
- California Public Employees Retirement System opened 73 new positions and closed 112 in Q1 2016.
- California Public Employees Retirement System's portfolio value fell 1.9% quarter-over-quarter to $62B.
Based on California Public Employees Retirement System's 13F filing for Q1 2016, filed 4 May 2016.