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 | |
|---|---|---|---|---|---|---|
|
ENH
651
DELISTED
Endurance Specialty Holdings Ltd
ENH
| $15.4M | 0.02% |
240,718
+9,300
| +4% | +$598K |
|
|
EEP
652
DELISTED
Enbridge Energy Partners
EEP
| $15.4M | 0.02% |
666,339
-19,600
| -3% | -$491K |
|
653
Jacobs Solutions
J
$17.1B
| $15.4M | 0.02% |
442,910
+3,144
| +0.7% | +$108K |
|
|
CPGX
654
DELISTED
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
| $15.3M | 0.02% |
763,450
-14,725
| -2% | -$292K |
|
|
ATHN
655
DELISTED
Athenahealth, Inc.
ATHN
| $15.2M | 0.02% |
94,500
+1,800
| +2% | +$278K |
|
656
ON Semiconductor
ON
$31.6B
| $15.2M | 0.02% |
1,549,300
+252,200
| +19% | +$2.65M |
|
657
Sensata Technologies
ST
$6.71B
| $15.1M | 0.02% |
328,700
-700
| -0.2% | -$32.2K |
|
658
Tenet Healthcare
THC
$21.1B
| $15.1M | 0.02% |
498,610
+23,200
| +5% | +$761K |
|
659
Visteon
VC
$2.76B
| $15.1M | 0.02% |
131,900
-800
| -0.6% | -$90.6K |
|
|
QIHU
660
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
| $15.1M | 0.02% |
207,200
+12,300
| +6% | +$775K |
|
661
Live Nation Entertainment
LYV
$41.9B
| $14.9M | 0.02% |
605,140
+84,700
| +16% | +$2.17M |
|
662
Lamar Advertising Co
LAMR
$16.2B
| $14.9M | 0.02% |
247,874
-500
| -0.2% | -$28.7K |
|
663
Flowers Foods
FLO
$1.54B
| $14.8M | 0.02% |
690,069
+83,400
| +14% | +$2.03M |
|
664
Trimble
TRMB
$13.9B
| $14.8M | 0.02% |
690,600
-13,000
| -2% | -$270K |
|
665
Dorian LPG
LPG
$1.91B
| $14.8M | 0.02% |
1,258,100
| – | – |
|
666
MPLX
MPLX
$59.5B
| $14.8M | 0.02% |
375,368
+365,468
| +3,692% | +$13.8M |
|
|
ITC
667
DELISTED
ITC HOLDINGS CORP
ITC
| $14.8M | 0.02% |
376,000
+8,900
| +2% | +$309K |
|
|
WPZ
668
DELISTED
Williams Partners L.P.
WPZ
| $14.8M | 0.02% |
529,761
-1,600
| -0.3% | -$48K |
|
|
SNI
669
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $14.7M | 0.02% |
266,142
-5,300
| -2% | -$298K |
|
|
BRCD
670
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $14.7M | 0.02% |
1,598,248
+258,400
| +19% | +$2.54M |
|
671
Murphy Oil
MUR
$5.03B
| $14.7M | 0.02% |
653,498
+35,100
| +6% | +$947K |
|
|
GRMN
672
Garmin
GRMN
$59.8B
| $14.6M | 0.02% |
393,700
+9,700
| +3% | +$353K |
|
673
Williams-Sonoma
WSM
$29.6B
| $14.6M | 0.02% |
499,600
-39,200
| -7% | -$1.34M |
|
674
Assured Guaranty
AGO
$3.38B
| $14.6M | 0.02% |
550,992
+7,900
| +1% | +$212K |
|
|
AMSG
675
DELISTED
Amsurg Corp
AMSG
| $14.5M | 0.02% |
191,039
+41,500
| +28% | +$3.29M |
|
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.