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 | |
|---|---|---|---|---|---|---|
426
CBRE Group
CBRE
$42.9B
| $28M | 0.04% |
808,500
+8,500
| +1% | +$300K |
|
427
Cintas
CTAS
$81.3B
| $27.9M | 0.04% |
1,225,540
-2,400
| -0.2% | -$54.7K |
|
|
WFM
428
DELISTED
Whole Foods Market Inc
WFM
| $27.7M | 0.04% |
827,500
| – | – |
|
|
HOLX
429
DELISTED
Hologic
HOLX
| $27.7M | 0.04% |
716,300
-3,600
| -0.5% | -$140K |
|
430
The Mosaic Company
MOS
$7.33B
| $27.7M | 0.04% |
1,002,989
-3,600
| -0.4% | -$115K |
|
|
CA
431
DELISTED
CA, Inc.
CA
| $27.6M | 0.04% |
967,272
+14,800
| +2% | +$416K |
|
432
UDR
UDR
$12.3B
| $27.6M | 0.04% |
734,082
| – | – |
|
|
TSS
433
DELISTED
Total System Services, Inc.
TSS
| $27.6M | 0.04% |
553,753
+1,000
| +0.2% | +$52.2K |
|
434
Kohl's
KSS
$2.19B
| $27.5M | 0.04% |
577,994
-2,700
| -0.5% | -$125K |
|
|
GMCR
435
DELISTED
KEURIG GREEN MTN INC
GMCR
| $27.4M | 0.04% |
304,400
| – | – |
|
436
Eastman Chemical
EMN
$8.42B
| $27.3M | 0.04% |
404,956
-5,200
| -1% | -$364K |
|
437
SL Green Realty
SLG
$3.99B
| $27.2M | 0.04% |
249,133
-17,251
| -6% | -$1.93M |
|
|
JAH
438
DELISTED
JARDEN CORPORATION
JAH
| $27.1M | 0.04% |
474,800
-37,700
| -7% | -$1.89M |
|
439
Fastenal
FAST
$59.5B
| $27.1M | 0.04% |
2,654,800
-76,400
| -3% | -$752K |
|
440
Goodyear
GT
$1.85B
| $27M | 0.04% |
826,900
-18,700
| -2% | -$613K |
|
441
Bunge Global
BG
$20.8B
| $26.9M | 0.04% |
394,222
+4,900
| +1% | +$345K |
|
|
FRC
442
DELISTED
First Republic Bank
FRC
| $26.8M | 0.04% |
406,100
-2,900
| -0.7% | -$192K |
|
443
C.H. Robinson
CHRW
$17.5B
| $26.8M | 0.04% |
431,392
+600
| +0.1% | +$40.4K |
|
444
Ball Corp
BALL
$16.8B
| $26.7M | 0.04% |
734,200
-38,200
| -5% | -$1.31M |
|
|
CXO
445
DELISTED
CONCHO RESOURCES INC.
CXO
| $26.7M | 0.04% |
287,300
+14,700
| +5% | +$1.57M |
|
446
Expeditors International
EXPD
$23.2B
| $26.7M | 0.04% |
591,050
+6,400
| +1% | +$310K |
|
|
PAY
447
DELISTED
Verifone Systems Inc
PAY
| $26.6M | 0.04% |
949,300
| – | – |
|
448
Realty Income
O
$59.1B
| $26.5M | 0.04% |
529,972
+2,993
| +0.6% | +$143K |
|
449
CenterPoint Energy
CNP
$26.8B
| $26.5M | 0.04% |
1,443,137
+28,800
| +2% | +$511K |
|
450
Gartner
IT
$11.7B
| $26.4M | 0.04% |
291,587
-2,600
| -0.9% | -$230K |
|
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.