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 | |
|---|---|---|---|---|---|---|
626
PVH
PVH
$4.01B
| $16.6M | 0.03% |
225,400
+37,100
| +20% | +$3.28M |
|
627
Hubbell
HUBB
$27.1B
| $16.6M | 0.03% |
+164,001
| New | +$16.7M |
|
|
PNRA
628
DELISTED
Panera Bread Co
PNRA
| $16.5M | 0.03% |
84,800
-5,500
| -6% | -$1.02M |
|
629
First Solar
FSLR
$25.5B
| $16.5M | 0.03% |
250,238
+1,300
| +0.5% | +$72.9K |
|
|
TGNA
630
DELISTED
TEGNA Inc
TGNA
| $16.5M | 0.03% |
1,010,469
| – | – |
|
631
Teleflex
TFX
$5.95B
| $16.5M | 0.03% |
125,400
-2,800
| -2% | -$364K |
|
632
Cooper Companies
COO
$14.7B
| $16.4M | 0.03% |
487,600
-11,616
| -2% | -$416K |
|
633
United Rentals
URI
$71.3B
| $16.3M | 0.03% |
224,300
+300
| +0.1% | +$21.7K |
|
634
NewMarket
NEU
$8.31B
| $16.1M | 0.03% |
42,200
+700
| +2% | +$272K |
|
635
Jabil
JBL
$35.8B
| $16M | 0.03% |
688,415
+34,100
| +5% | +$811K |
|
636
KKR & Co
KKR
$92.2B
| $16M | 0.03% |
1,028,430
-32,300
| -3% | -$552K |
|
637
U-Haul Holding Co
UHAL
$14.6B
| $16M | 0.03% |
410,000
+11,000
| +3% | +$445K |
|
638
Omega Healthcare
OHI
$14.3B
| $15.9M | 0.03% |
455,951
-59,860
| -12% | -$2.07M |
|
639
East-West Bancorp
EWBC
$18B
| $15.9M | 0.03% |
383,500
-4,100
| -1% | -$169K |
|
|
AIV
640
Aimco
AIV
$375M
| $15.9M | 0.03% |
2,983,752
-34,531
| -1% | -$178K |
|
641
Albemarle
ALB
$15.5B
| $15.8M | 0.03% |
282,729
-2,100
| -0.7% | -$108K |
|
642
Packaging Corp of America
PKG
$22.7B
| $15.8M | 0.02% |
250,000
-1,100
| -0.4% | -$72.5K |
|
643
Arthur J. Gallagher & Co
AJG
$64.3B
| $15.6M | 0.02% |
381,700
-6,200
| -2% | -$266K |
|
|
DNY
644
DELISTED
DONNELLEY R R & SONS CO
DNY
| $15.6M | 0.02% |
1,057,402
+169,200
| +19% | +$2.49M |
|
645
CDW
CDW
$17B
| $15.5M | 0.02% |
369,400
+1,300
| +0.4% | +$56.6K |
|
|
SIX
646
DELISTED
Six Flags Entertainment Corp.
SIX
| $15.5M | 0.02% |
282,500
+3,500
| +1% | +$181K |
|
|
IM
647
DELISTED
Ingram Micro
IM
| $15.5M | 0.02% |
510,533
+32,500
| +7% | +$983K |
|
648
Pultegroup
PHM
$24.6B
| $15.5M | 0.02% |
869,100
-14,800
| -2% | -$276K |
|
|
FTR
649
DELISTED
Frontier Communications Corp.
FTR
| $15.4M | 0.02% |
220,305
+3,827
| +2% | +$284K |
|
650
Cboe Global Markets
CBOE
$30.4B
| $15.4M | 0.02% |
237,675
-600
| -0.3% | -$40.6K |
|
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.