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 | |
|---|---|---|---|---|---|---|
|
PNRA
601
DELISTED
Panera Bread Co
PNRA
| $16.7M | 0.03% |
81,700
-3,100
| -4% | -$618K |
|
|
MDVN
602
DELISTED
MEDIVATION, INC.
MDVN
| $16.7M | 0.03% |
363,000
-600
| -0.2% | -$21.8K |
|
|
CDK
603
DELISTED
CDK Global, Inc.
CDK
| $16.6M | 0.03% |
355,600
-54,700
| -13% | -$2.44M |
|
604
Pitney Bowes
PBI
$2.36B
| $16.5M | 0.03% |
764,412
+87,900
| +13% | +$1.67M |
|
605
Ralph Lauren
RL
$24.2B
| $16.4M | 0.03% |
170,600
+2,000
| +1% | +$196K |
|
606
TripAdvisor
TRIP
$1.25B
| $16.4M | 0.03% |
246,900
-14,000
| -5% | -$927K |
|
607
SEI Investments
SEIC
$12.6B
| $16.4M | 0.03% |
380,700
-16,400
| -4% | -$673K |
|
|
ITC
608
DELISTED
ITC HOLDINGS CORP
ITC
| $16.4M | 0.03% |
376,000
| – | – |
|
609
Herc Holdings
HRI
$5.69B
| $16.4M | 0.03% |
517,700
+68,567
| +15% | +$2.01M |
|
|
GRMN
610
Garmin
GRMN
$60.3B
| $16.3M | 0.03% |
407,400
+13,700
| +3% | +$509K |
|
611
NewMarket
NEU
$8.39B
| $16.2M | 0.03% |
41,000
-1,200
| -3% | -$441K |
|
612
OGE Energy
OGE
$9.56B
| $16.2M | 0.03% |
567,200
+41,500
| +8% | +$1.09M |
|
|
BRCD
613
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $16.2M | 0.03% |
1,534,548
-63,700
| -4% | -$581K |
|
614
Trimble
TRMB
$13.7B
| $16.2M | 0.03% |
653,500
-37,100
| -5% | -$819K |
|
|
TWTR
615
DELISTED
Twitter, Inc.
TWTR
| $16.2M | 0.03% |
978,600
-58,200
| -6% | -$1.02M |
|
|
DNY
616
DELISTED
DONNELLEY R R & SONS CO
DNY
| $16.1M | 0.03% |
983,902
-73,500
| -7% | -$1.21M |
|
617
Jacobs Solutions
J
$17.3B
| $16.1M | 0.03% |
447,746
+4,836
| +1% | +$158K |
|
|
HAR
618
DELISTED
Harman International Industries
HAR
| $16.1M | 0.03% |
180,700
-17,300
| -9% | -$1.37M |
|
619
Cheniere Energy
LNG
$54.9B
| $16M | 0.03% |
472,000
-28,400
| -6% | -$921K |
|
|
MNK
620
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $15.9M | 0.03% |
259,640
-15,200
| -6% | -$972K |
|
621
Brown-Forman Class A
BF.A
$13.1B
| $15.9M | 0.03% |
372,548
-5,000
| -1% | -$211K |
|
|
GXP
622
DELISTED
Great Plains Energy Incorporated
GXP
| $15.9M | 0.03% |
492,352
+48,200
| +11% | +$1.4M |
|
|
SPR
623
DELISTED
Spirit AeroSystems
SPR
| $15.8M | 0.03% |
349,300
-108,600
| -24% | -$4.95M |
|
|
QIHU
624
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
| $15.8M | 0.03% |
209,400
+2,200
| +1% | +$159K |
|
|
BMS
625
DELISTED
Bemis
BMS
| $15.8M | 0.03% |
305,440
-7,000
| -2% | -$337K |
|
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.