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 | |
|---|---|---|---|---|---|---|
326
McCormick & Company Non-Voting
MKC
$14.2B
| $35M | 0.06% |
703,964
-32,600
| -4% | -$1.47M |
|
327
Xerox
XRX
$425M
| $35M | 0.06% |
1,188,728
+65,919
| +6% | +$1.7M |
|
328
Under Armour
UAA
$2.6B
| $34.9M | 0.06% |
822,400
-62,000
| -7% | -$2.45M |
|
329
Fastenal
FAST
$59.5B
| $34.8M | 0.06% |
2,844,400
+189,600
| +7% | +$2.06M |
|
|
RHT
330
DELISTED
Red Hat Inc
RHT
| $34.8M | 0.06% |
467,000
-19,300
| -4% | -$1.36M |
|
331
Digital Realty Trust
DLR
$71.7B
| $34.7M | 0.06% |
392,500
-26,500
| -6% | -$2.15M |
|
332
Devon Energy
DVN
$47.3B
| $34.2M | 0.06% |
1,247,171
+56,400
| +5% | +$1.37M |
|
333
Chipotle Mexican Grill
CMG
$41.5B
| $34.1M | 0.06% |
3,624,300
-210,000
| -5% | -$2M |
|
334
Annaly Capital Management
NLY
$17.4B
| $34.1M | 0.06% |
831,100
+25,225
| +3% | +$990K |
|
335
Brown-Forman Class B
BF.B
$13.1B
| $33.8M | 0.05% |
1,073,694
-12,812
| -1% | -$396K |
|
336
Royal Caribbean
RCL
$85.6B
| $33.7M | 0.05% |
410,700
-54,700
| -12% | -$4.27M |
|
|
TFCF
337
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $33.6M | 0.05% |
1,190,900
+16,100
| +1% | +$433K |
|
338
C.H. Robinson
CHRW
$17.5B
| $33.5M | 0.05% |
451,492
+20,100
| +5% | +$1.38M |
|
339
Western Union
WU
$2.21B
| $33.4M | 0.05% |
1,730,957
+28,800
| +2% | +$518K |
|
340
Church & Dwight Co
CHD
$24.5B
| $33.3M | 0.05% |
722,148
-42,200
| -6% | -$1.84M |
|
341
Host Hotels & Resorts
HST
$16B
| $33.2M | 0.05% |
1,987,119
+77,700
| +4% | +$1.17M |
|
342
Macy's
M
$6.68B
| $33.1M | 0.05% |
751,200
+57,100
| +8% | +$2.36M |
|
343
Best Buy
BBY
$17.3B
| $33.1M | 0.05% |
1,019,818
+8,000
| +0.8% | +$242K |
|
344
Invesco
IVZ
$13.9B
| $33M | 0.05% |
1,071,061
+4,900
| +0.5% | +$141K |
|
345
Essex Property Trust
ESS
$18.5B
| $32.9M | 0.05% |
140,734
-21,000
| -13% | -$4.61M |
|
346
Loews
L
$23.6B
| $32.9M | 0.05% |
859,280
-2,700
| -0.3% | -$99.3K |
|
347
Travel + Leisure Co
TNL
$4.7B
| $32.8M | 0.05% |
951,092
+23,257
| +3% | +$737K |
|
348
Universal Health Services
UHS
$10.5B
| $32.7M | 0.05% |
262,288
-16,800
| -6% | -$1.89M |
|
349
KLA
KLAC
$259B
| $32.6M | 0.05% |
4,479,380
+278,000
| +7% | +$1.87M |
|
|
QVCGA
350
DELISTED
QVC Group Inc Series A
QVCGA
| $32.6M | 0.05% |
26,590
-1,176
| -4% | -$1.43M |
|
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.