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 | |
|---|---|---|---|---|---|---|
401
Kimco Realty
KIM
$16.4B
| $29.6M | 0.05% |
1,117,786
+26,700
| +2% | +$695K |
|
402
Everest Group
EG
$14.4B
| $29.6M | 0.05% |
161,446
-1,000
| -0.6% | -$182K |
|
403
Cincinnati Financial
CINF
$27.1B
| $29.5M | 0.05% |
498,972
-800
| -0.2% | -$47.4K |
|
404
Verisk Analytics
VRSK
$25B
| $29.5M | 0.05% |
383,740
+5,000
| +1% | +$380K |
|
405
Federal Realty Investment Trust
FRT
$10.3B
| $29.4M | 0.05% |
201,574
| – | – |
|
406
Unum
UNM
$14.3B
| $29.4M | 0.05% |
881,986
+8,100
| +0.9% | +$279K |
|
|
FL
407
DELISTED
Foot Locker
FL
| $29.3M | 0.05% |
450,464
-900
| -0.2% | -$59.8K |
|
408
Host Hotels & Resorts
HST
$16B
| $29.3M | 0.05% |
1,909,419
-24,500
| -1% | -$407K |
|
|
LLL
409
DELISTED
L3 Technologies, Inc.
LLL
| $29.3M | 0.05% |
244,924
-600
| -0.2% | -$71.2K |
|
|
SEE
410
DELISTED
Sealed Air
SEE
| $29.2M | 0.05% |
654,698
-29,000
| -4% | -$1.34M |
|
411
Textron
TXT
$15.4B
| $29.1M | 0.05% |
693,600
-37,300
| -5% | -$1.54M |
|
412
KLA
KLAC
$259B
| $29.1M | 0.05% |
4,201,380
-92,000
| -2% | -$589K |
|
413
Coca-Cola Europacific Partners
CCEP
$47.9B
| $29.1M | 0.05% |
590,916
+50,300
| +9% | +$2.53M |
|
414
Energy Transfer Partners
ET
$69.3B
| $29M | 0.05% |
2,107,900
-157,700
| -7% | -$2.95M |
|
415
Ally Financial
ALLY
$13.3B
| $29M | 0.05% |
1,553,600
+99,500
| +7% | +$1.97M |
|
416
Voya Financial
VOYA
$9.19B
| $29M | 0.05% |
784,500
+34,400
| +5% | +$1.36M |
|
|
ENDP
417
DELISTED
Endo International plc
ENDP
| $29M | 0.05% |
472,900
-19,300
| -4% | -$1.17M |
|
418
Akamai
AKAM
$15.9B
| $28.9M | 0.05% |
548,650
+22,200
| +4% | +$1.36M |
|
419
SS&C Technologies
SSNC
$18.6B
| $28.9M | 0.05% |
845,400
-2,000
| -0.2% | -$71K |
|
420
Mettler-Toledo International
MTD
$28.6B
| $28.8M | 0.05% |
85,009
+400
| +0.5% | +$128K |
|
421
Huntington Bancshares
HBAN
$35.5B
| $28.5M | 0.05% |
2,580,082
+34,200
| +1% | +$382K |
|
|
PCL
422
DELISTED
PLUM CREEK TIMBER CO (REIT)
PCL
| $28.5M | 0.05% |
597,714
-17,800
| -3% | -$807K |
|
|
MRO
423
DELISTED
Marathon Oil Corporation
MRO
| $28.4M | 0.04% |
2,254,735
+85,800
| +4% | +$1.44M |
|
|
BBBY
424
DELISTED
Bed Bath & Beyond Inc
BBBY
| $28.2M | 0.04% |
584,207
+10,600
| +2% | +$589K |
|
425
T-Mobile US
TMUS
$190B
| $28.2M | 0.04% |
720,000
+34,400
| +5% | +$1.33M |
|
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.