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 | |
|---|---|---|---|---|---|---|
|
CY
701
DELISTED
Cypress Semiconductor
CY
| $13.6M | 0.02% |
1,381,200
-77,149
| -5% | -$767K |
|
702
Commerce Bancshares
CBSH
$8.46B
| $13.5M | 0.02% |
518,702
+38,276
| +8% | +$1.03M |
|
703
SITE Centers
SITC
$158M
| $13.5M | 0.02% |
621,080
-310
| -0% | -$6.66K |
|
704
Teradata
TDC
$2.56B
| $13.4M | 0.02% |
507,900
+77,000
| +18% | +$2.17M |
|
705
Chemed
CHE
$7.22B
| $13.4M | 0.02% |
89,500
+400
| +0.4% | +$59.1K |
|
706
MarketAxess Holdings
MKTX
$5.72B
| $13.4M | 0.02% |
119,966
-300
| -0.2% | -$30.7K |
|
707
Icon
ICLR
$12.8B
| $13.4M | 0.02% |
172,100
| – | – |
|
708
GameStop
GME
$8.55B
| $13.3M | 0.02% |
1,902,812
+185,200
| +11% | +$1.79M |
|
709
Genpact
G
$5.81B
| $13.3M | 0.02% |
533,700
+800
| +0.2% | +$19.8K |
|
|
BERY
710
DELISTED
Berry Global Group, Inc.
BERY
| $13.3M | 0.02% |
399,881
+6,099
| +2% | +$194K |
|
711
Myriad Genetics
MYGN
$313M
| $13.3M | 0.02% |
307,600
+13,400
| +5% | +$566K |
|
|
ARRS
712
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $13.3M | 0.02% |
433,753
+129,353
| +42% | +$3.8M |
|
713
Casey's General Stores
CASY
$30.9B
| $13.3M | 0.02% |
110,040
+6,600
| +6% | +$754K |
|
|
SGEN
714
DELISTED
Seagen Inc. Common Stock
SGEN
| $13.2M | 0.02% |
294,700
+36,300
| +14% | +$1.51M |
|
715
Brookfield Infrastructure Partners
BIP
$17.7B
| $13.2M | 0.02% |
875,196
-29,484
| -3% | -$469K |
|
716
Wynn Resorts
WYNN
$10.5B
| $13.2M | 0.02% |
190,200
-4,100
| -2% | -$274K |
|
717
West Pharmaceutical
WST
$25.1B
| $13.2M | 0.02% |
218,500
| – | – |
|
|
FLIR
718
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $13.1M | 0.02% |
468,279
+12,700
| +3% | +$361K |
|
719
News Corp Class A
NWSA
$15.4B
| $13.1M | 0.02% |
982,500
+47,200
| +5% | +$666K |
|
720
Toro Company
TTC
$9.37B
| $13.1M | 0.02% |
359,200
+33,000
| +10% | +$1.24M |
|
721
AerCap
AER
$23.6B
| $13M | 0.02% |
302,300
+20,700
| +7% | +$867K |
|
|
NUAN
722
DELISTED
Nuance Communications, Inc.
NUAN
| $13M | 0.02% |
755,486
+84,084
| +13% | +$1.37M |
|
723
lululemon athletica
LULU
$14.4B
| $13M | 0.02% |
246,900
-16,300
| -6% | -$821K |
|
|
BEAV
724
DELISTED
B/E Aerospace Inc
BEAV
| $12.8M | 0.02% |
302,900
+3,500
| +1% | +$156K |
|
|
HOUS
725
DELISTED
Anywhere Real Estate
HOUS
| $12.8M | 0.02% |
349,100
-6,400
| -2% | -$253K |
|
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.