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 | |
|---|---|---|---|---|---|---|
551
Flex
FLEX
$44.8B
| $19.6M | 0.03% |
2,324,373
-69,402
| -3% | -$587K |
|
|
SFG
552
DELISTED
STANCORP FINL GRP
SFG
| $19.5M | 0.03% |
171,362
+23,200
| +16% | +$2.65M |
|
|
KSU
553
DELISTED
Kansas City Southern
KSU
| $19.5M | 0.03% |
261,100
-400
| -0.2% | -$34.2K |
|
|
CDK
554
DELISTED
CDK Global, Inc.
CDK
| $19.5M | 0.03% |
410,300
| – | – |
|
555
EQT Corp
EQT
$32.3B
| $19.5M | 0.03% |
686,303
-13,306
| -2% | -$447K |
|
|
PBCT
556
DELISTED
People's United Financial Inc
PBCT
| $19.4M | 0.03% |
1,203,579
+73,400
| +6% | +$1.19M |
|
557
MGM Resorts International
MGM
$11.2B
| $19.4M | 0.03% |
854,745
+16,400
| +2% | +$362K |
|
558
Herbalife
HLF
$1.29B
| $19.4M | 0.03% |
721,800
+20,600
| +3% | +$572K |
|
|
IHS
559
DELISTED
IHS INC CL-A COM STK
IHS
| $19.3M | 0.03% |
162,571
+1,000
| +0.6% | +$119K |
|
560
Wolfspeed
WOLF
$1.71B
| $19.2M | 0.03% |
721,256
+128,500
| +22% | +$3.32M |
|
|
WFT
561
DELISTED
Weatherford International plc
WFT
| $19.2M | 0.03% |
2,291,731
+44,600
| +2% | +$440K |
|
562
Herc Holdings
HRI
$5.61B
| $19.2M | 0.03% |
449,133
+25,800
| +6% | +$1.3M |
|
563
JB Hunt Transport Services
JBHT
$25.2B
| $19.1M | 0.03% |
261,000
-9,500
| -4% | -$715K |
|
|
DISCK
564
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $19.1M | 0.03% |
758,400
+1,200
| +0.2% | +$32.8K |
|
|
WBC
565
DELISTED
WABCO HOLDINGS INC.
WBC
| $19.1M | 0.03% |
186,600
-12,900
| -6% | -$1.37M |
|
|
WWAV
566
DELISTED
The WhiteWave Foods Company
WWAV
| $19M | 0.03% |
489,200
+9,900
| +2% | +$401K |
|
|
VAL
567
DELISTED
Valspar
VAL
| $19M | 0.03% |
229,457
-500
| -0.2% | -$40.5K |
|
|
GAS
568
DELISTED
AGL Resources Inc
GAS
| $19M | 0.03% |
297,615
-4,100
| -1% | -$256K |
|
569
Jack Henry & Associates
JKHY
$11.1B
| $18.9M | 0.03% |
241,528
+18,600
| +8% | +$1.43M |
|
570
Ralph Lauren
RL
$23.6B
| $18.8M | 0.03% |
168,600
+2,700
| +2% | +$320K |
|
571
Owens Corning
OC
$12.4B
| $18.8M | 0.03% |
398,900
+18,000
| +5% | +$826K |
|
|
VER
572
DELISTED
VEREIT, Inc.
VER
| $18.7M | 0.03% |
471,806
+480
| +0.1% | +$19.7K |
|
|
HAR
573
DELISTED
Harman International Industries
HAR
| $18.7M | 0.03% |
198,000
+400
| +0.2% | +$40.6K |
|
574
Cheniere Energy
LNG
$52.9B
| $18.6M | 0.03% |
500,400
-11,500
| -2% | -$524K |
|
575
IQVIA
IQV
$39.3B
| $18.5M | 0.03% |
269,400
+800
| +0.3% | +$54.7K |
|
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.