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 | 16.31% |
| 2 | Healthcare | 14.37% |
| 3 | Technology | 14.02% |
| 4 | Industrials | 10.59% |
| 5 | Consumer Discretionary | 9.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
PACCAR
PCAR
$70.1B
| $42.9M | 0.07% |
1,358,411
-54,372
| -4% | -$1.85M |
|
|
ANDV
277
DELISTED
Andeavor
ANDV
| $42.8M | 0.07% |
406,052
+51,500
| +15% | +$5.55M |
|
278
Analog Devices
ADI
$190B
| $42.6M | 0.07% |
770,200
+1,200
| +0.2% | +$70.6K |
|
279
FirstEnergy
FE
$27.5B
| $42.6M | 0.07% |
1,341,737
-46,500
| -3% | -$1.46M |
|
280
Blackstone
BX
$110B
| $42.3M | 0.07% |
1,446,400
-79,654
| -5% | -$2.54M |
|
|
XL
281
DELISTED
XL Group Ltd.
XL
| $41.9M | 0.07% |
1,069,000
-3,200
| -0.3% | -$121K |
|
|
JNPR
282
DELISTED
Juniper Networks
JNPR
| $41.8M | 0.07% |
1,515,331
+32,400
| +2% | +$959K |
|
283
Henry Schein
HSIC
$9.82B
| $41.7M | 0.07% |
671,989
-510
| -0.1% | -$30.3K |
|
284
Trane Technologies
TT
$106B
| $41.6M | 0.07% |
753,153
+2,000
| +0.3% | +$112K |
|
285
Bread Financial
BFH
$4.38B
| $41.5M | 0.07% |
188,192
| – | – |
|
286
Eversource Energy
ES
$27.2B
| $41.2M | 0.07% |
807,300
-12,000
| -1% | -$611K |
|
|
NLSN
287
DELISTED
Nielsen Holdings plc
NLSN
| $41.2M | 0.07% |
884,200
+11,300
| +1% | +$530K |
|
|
SNDK
288
DELISTED
SANDISK CORP
SNDK
| $41.1M | 0.07% |
541,500
-10,000
| -2% | -$732K |
|
289
DTE Energy
DTE
$29.1B
| $41.1M | 0.06% |
601,854
-24,792
| -4% | -$1.71M |
|
290
Marriott International
MAR
$92.3B
| $40.9M | 0.06% |
609,858
-1,800
| -0.3% | -$130K |
|
|
BCR
291
DELISTED
CR Bard Inc.
BCR
| $40.8M | 0.06% |
215,373
-200
| -0.1% | -$37.5K |
|
|
CAM
292
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
| $40.8M | 0.06% |
644,992
-3,400
| -0.5% | -$225K |
|
|
MMP
293
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $40.4M | 0.06% |
594,100
-400
| -0.1% | -$25.9K |
|
294
VeriSign
VRSN
$26.6B
| $40.3M | 0.06% |
461,302
+57,300
| +14% | +$4.78M |
|
|
RHT
295
DELISTED
Red Hat Inc
RHT
| $40.3M | 0.06% |
486,300
+3,400
| +0.7% | +$270K |
|
296
M&T Bank
MTB
$36.2B
| $40.3M | 0.06% |
332,174
+4,794
| +1% | +$584K |
|
297
Lincoln National
LNC
$8.81B
| $39.9M | 0.06% |
794,090
-9,500
| -1% | -$497K |
|
298
NOV
NOV
$7B
| $39.6M | 0.06% |
1,182,582
+5,800
| +0.5% | +$216K |
|
299
Expedia Group
EXPE
$37.3B
| $39.6M | 0.06% |
318,555
+36,741
| +13% | +$4.65M |
|
300
Charter Communications
CHTR
$18.2B
| $39.5M | 0.06% |
215,561
-400
| -0.2% | -$74K |
|
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 16% of assets, down from 16% 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.