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 | |
|---|---|---|---|---|---|---|
351
Advance Auto Parts
AAP
$3.49B
| $33.6M | 0.05% |
223,083
+3,800
| +2% | +$660K |
|
352
Waters Corp
WAT
$39.9B
| $33.6M | 0.05% |
249,402
+3,200
| +1% | +$411K |
|
353
Nucor
NUE
$62.1B
| $33.5M | 0.05% |
830,061
+8,800
| +1% | +$361K |
|
354
Universal Health Services
UHS
$10.5B
| $33.3M | 0.05% |
279,088
+1,500
| +0.5% | +$183K |
|
355
Molson Coors Class B
TAP
$8.09B
| $33.3M | 0.05% |
354,800
+6,900
| +2% | +$622K |
|
|
CTXS
356
DELISTED
Citrix Systems Inc
CTXS
| $33.2M | 0.05% |
550,919
+12,181
| +2% | +$748K |
|
357
Loews
L
$23.6B
| $33.1M | 0.05% |
861,980
+6,500
| +0.8% | +$242K |
|
358
Celanese
CE
$4.82B
| $33.1M | 0.05% |
491,514
+34,200
| +7% | +$2.32M |
|
|
PRE
359
DELISTED
PARTNERRE LTD
PRE
| $33.1M | 0.05% |
236,695
-1,900
| -0.8% | -$264K |
|
360
Acuity Brands
AYI
$10.8B
| $32.7M | 0.05% |
139,950
+1,200
| +0.9% | +$260K |
|
|
HOT
361
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $32.7M | 0.05% |
472,000
-800
| -0.2% | -$57.1K |
|
362
Global Payments
GPN
$22.8B
| $32.5M | 0.05% |
504,200
+9,000
| +2% | +$607K |
|
363
Church & Dwight Co
CHD
$24.5B
| $32.4M | 0.05% |
764,348
+3,800
| +0.5% | +$163K |
|
364
Ulta Beauty
ULTA
$24.3B
| $32.4M | 0.05% |
174,924
| – | – |
|
365
Markel Group
MKL
$23.2B
| $32.3M | 0.05% |
36,616
| – | – |
|
366
Quest Diagnostics
DGX
$26.3B
| $32.2M | 0.05% |
452,020
+3,800
| +0.8% | +$255K |
|
367
Hormel Foods
HRL
$13.8B
| $32.1M | 0.05% |
810,800
+43,200
| +6% | +$1.54M |
|
368
Newmont
NEM
$119B
| $32.1M | 0.05% |
1,781,716
-23,500
| -1% | -$432K |
|
369
TransDigm Group
TDG
$67.7B
| $32.1M | 0.05% |
140,300
+6,400
| +5% | +$1.44M |
|
|
IPG
370
DELISTED
Interpublic Group of Companies
IPG
| $32M | 0.05% |
1,374,974
+97,100
| +8% | +$2.18M |
|
|
TFCF
371
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $32M | 0.05% |
1,174,800
-32,500
| -3% | -$955K |
|
372
Ametek
AME
$58.2B
| $31.8M | 0.05% |
594,200
+14,400
| +2% | +$790K |
|
373
Ameren
AEE
$30.1B
| $31.8M | 0.05% |
736,400
-36,900
| -5% | -$1.6M |
|
374
CF Industries
CF
$17.3B
| $31.7M | 0.05% |
777,910
-55,000
| -7% | -$2.59M |
|
375
Autoliv
ALV
$9B
| $31.7M | 0.05% |
353,147
+14,296
| +4% | +$1.25M |
|
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.