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 | |
|---|---|---|---|---|---|---|
376
Seagate
STX
$184B
| $31M | 0.05% |
898,600
+78,000
| +10% | +$2.51M |
|
377
CenterPoint Energy
CNP
$26.8B
| $30.9M | 0.05% |
1,478,937
+35,800
| +2% | +$676K |
|
378
Principal Financial Group
PFG
$24.3B
| $30.9M | 0.05% |
783,300
-2,700
| -0.3% | -$104K |
|
|
SEE
379
DELISTED
Sealed Air
SEE
| $30.8M | 0.05% |
642,400
-12,298
| -2% | -$538K |
|
|
IPG
380
DELISTED
Interpublic Group of Companies
IPG
| $30.8M | 0.05% |
1,340,974
-34,000
| -2% | -$735K |
|
|
MRO
381
DELISTED
Marathon Oil Corporation
MRO
| $30.7M | 0.05% |
2,756,635
+501,900
| +22% | +$4.69M |
|
382
Pinnacle West Capital
PNW
$12.2B
| $30.7M | 0.05% |
408,898
+71,000
| +21% | +$4.85M |
|
383
Global Payments
GPN
$22.8B
| $30.7M | 0.05% |
469,800
-34,400
| -7% | -$2.04M |
|
384
Ally Financial
ALLY
$13.3B
| $30.6M | 0.05% |
1,634,700
+81,100
| +5% | +$1.4M |
|
|
BBBY
385
DELISTED
Bed Bath & Beyond Inc
BBBY
| $30.5M | 0.05% |
614,298
+30,091
| +5% | +$1.41M |
|
386
Markel Group
MKL
$23.2B
| $30.3M | 0.05% |
34,016
-2,600
| -7% | -$2.23M |
|
387
Quest Diagnostics
DGX
$26.3B
| $30.3M | 0.05% |
424,320
-27,700
| -6% | -$1.86M |
|
388
Bread Financial
BFH
$4.38B
| $30.3M | 0.05% |
172,529
-15,663
| -8% | -$2.73M |
|
389
Celanese
CE
$4.82B
| $30.1M | 0.05% |
460,214
-31,300
| -6% | -$1.94M |
|
390
Campbell Soup
CPB
$6.87B
| $30.1M | 0.05% |
472,400
-15,900
| -3% | -$934K |
|
391
Federal Realty Investment Trust
FRT
$10.3B
| $30.1M | 0.05% |
192,974
-8,600
| -4% | -$1.29M |
|
392
Autodesk
ADSK
$52.6B
| $30.1M | 0.05% |
516,300
-36,400
| -7% | -$1.9M |
|
393
Acuity Brands
AYI
$10.8B
| $30M | 0.05% |
137,450
-2,500
| -2% | -$516K |
|
394
Harley-Davidson
HOG
$2.71B
| $29.6M | 0.05% |
575,983
+13,500
| +2% | +$589K |
|
395
KeyCorp
KEY
$24.4B
| $29.6M | 0.05% |
2,677,744
+84,400
| +3% | +$943K |
|
396
BioMarin Pharmaceuticals
BMRN
$12.4B
| $29.6M | 0.05% |
358,300
-10,600
| -3% | -$862K |
|
|
MXIM
397
DELISTED
Maxim Integrated Products
MXIM
| $29.5M | 0.05% |
802,800
-31,000
| -4% | -$1.04M |
|
|
CXO
398
DELISTED
CONCHO RESOURCES INC.
CXO
| $29.5M | 0.05% |
292,200
+4,900
| +2% | +$450K |
|
399
Olin
OLN
$2.12B
| $29.4M | 0.05% |
1,690,655
-106,072
| -6% | -$1.64M |
|
400
Palo Alto Networks
PANW
$297B
| $29.3M | 0.05% |
1,077,600
+367,200
| +52% | +$9.03M |
|
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.