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 |
Ribbon Communications
RBBN
|
+$9.92M |
| 2 |
American Superconductor
AMSC
|
+$3.29M |
| 3 |
PRXI
PREMIER EXHIBITIONS INC COM STK NEW (FL)
PRXI
|
+$682K |
| 4 |
IKAN
IKANOS COMMUNICATIONS INC COM STK NEW (DE)
IKAN
|
+$584K |
| 5 |
STAB
Statera Biopharma, Inc. Common Stock
STAB
|
+$446K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Visa
V
|
+$286M |
| 2 |
HBI
Hanesbrands
HBI
|
+$23.8M |
| 3 |
Gentex
GNTX
|
+$16.1M |
| 4 |
Centene
CNC
|
+$12.9M |
| 5 |
Vornado Realty Trust
VNO
|
+$5.91M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.52% |
| 2 | Technology | 14.08% |
| 3 | Healthcare | 13.54% |
| 4 | Industrials | 11.04% |
| 5 | Consumer Discretionary | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
ConocoPhillips
COP
$141B
| $251M | 0.35% |
3,834,174
| – | – |
|
52
McDonald's
MCD
$195B
| $244M | 0.34% |
2,728,685
| – | – |
|
|
TWX
53
DELISTED
Time Warner Inc
TWX
| $243M | 0.34% |
3,011,877
| – | – |
|
54
American International
AIG
$41.3B
| $239M | 0.33% |
4,729,757
| – | – |
|
55
Mastercard
MA
$493B
| $235M | 0.32% |
2,871,395
| – | – |
|
56
Baidu
BIDU
$37.2B
| $228M | 0.31% |
1,002,348
| – | – |
|
57
US Bancorp
USB
$99.6B
| $227M | 0.31% |
5,275,204
| – | – |
|
58
Boeing
BA
$185B
| $226M | 0.31% |
1,708,653
| – | – |
|
59
Eli Lilly
LLY
$1.06T
| $225M | 0.31% |
3,129,825
| – | – |
|
60
American Express
AXP
$230B
| $216M | 0.3% |
2,619,371
| – | – |
|
61
Morgan Stanley
MS
$340B
| $211M | 0.29% |
6,073,419
| – | – |
|
62
Abbott
ABT
$187B
| $210M | 0.29% |
4,817,893
| – | – |
|
63
United Parcel Service
UPS
$88.9B
| $210M | 0.29% |
2,082,140
| – | – |
|
|
AGN
64
DELISTED
Allergan plc
AGN
| $208M | 0.29% |
742,579
| – | – |
|
|
DD
65
DELISTED
Du Pont De Nemours E I
DD
| $207M | 0.29% |
2,983,109
| – | – |
|
66
Texas Instruments
TXN
$261B
| $195M | 0.27% |
3,563,416
| – | – |
|
67
Duke Energy
DUK
$97.3B
| $193M | 0.27% |
2,175,219
| – | – |
|
68
Costco
COST
$420B
| $193M | 0.27% |
1,367,311
| – | – |
|
69
Kinder Morgan
KMI
$68.7B
| $192M | 0.27% |
4,535,529
| – | – |
|
70
Starbucks
SBUX
$120B
| $188M | 0.26% |
4,251,900
| – | – |
|
71
Simon Property Group
SPG
$72.3B
| $187M | 0.26% |
913,705
| – | – |
|
72
Lockheed Martin
LMT
$136B
| $187M | 0.26% |
979,074
| – | – |
|
73
Mondelez International
MDLZ
$79.9B
| $184M | 0.25% |
5,106,702
| – | – |
|
|
MON
74
DELISTED
Monsanto Co
MON
| $182M | 0.25% |
1,533,982
| – | – |
|
75
Colgate-Palmolive
CL
$74.4B
| $181M | 0.25% |
2,752,549
| – | – |
|
Similar funds
California Public Employees Retirement System's Q1 2015 Portfolio in Review
As of Q1 2015, California Public Employees Retirement System held 3,811 positions worth $72.4B, unchanged from the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Trading was light in Q1 2015: portfolio turnover was 0%. California Public Employees Retirement System opened no new positions and made no exits, leaving the 3,811-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 16% of assets, unchanged from a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System added most to Ribbon Communications in Q1 2015, an estimated $9.92M increase.
- California Public Employees Retirement System's biggest Q1 2015 reduction was Visa, cutting an estimated $286M.
- California Public Employees Retirement System's ten largest holdings make up 13% of its $72.4B portfolio in Q1 2015.
- California Public Employees Retirement System opened 0 new positions and closed 0 in Q1 2015.
- California Public Employees Retirement System's portfolio value was unchanged quarter-over-quarter at $72.4B.
Based on California Public Employees Retirement System's 13F filing for Q1 2015, filed 18 May 2015.