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 | |
|---|---|---|---|---|---|---|
|
VR
726
DELISTED
Validus Hold Ltd
VR
| $12.8M | 0.02% |
275,950
+9,800
| +4% | +$446K |
|
727
Flowserve
FLS
$10.1B
| $12.8M | 0.02% |
303,263
-4,000
| -1% | -$177K |
|
728
Edgewell Personal Care
EPC
$1.29B
| $12.8M | 0.02% |
162,733
-5,200
| -3% | -$422K |
|
729
CNO Financial Group
CNO
$5.12B
| $12.7M | 0.02% |
666,500
-22,100
| -3% | -$429K |
|
730
Leidos
LDOS
$17.5B
| $12.7M | 0.02% |
225,625
-5,600
| -2% | -$295K |
|
|
AHL
731
DELISTED
ASPEN Insurance Holding Limited
AHL
| $12.7M | 0.02% |
262,800
-2,500
| -0.9% | -$123K |
|
|
HDS
732
DELISTED
HD Supply Holdings, Inc.
HDS
| $12.7M | 0.02% |
422,300
+1,000
| +0.2% | +$30K |
|
733
Keysight
KEYS
$57.3B
| $12.6M | 0.02% |
444,919
+14,500
| +3% | +$446K |
|
734
Hexcel
HXL
$7.63B
| $12.6M | 0.02% |
271,000
-700
| -0.3% | -$32.4K |
|
|
DNB
735
DELISTED
Dun & Bradstreet
DNB
| $12.6M | 0.02% |
121,073
+200
| +0.2% | +$21.7K |
|
736
Hanover Insurance
THG
$7.86B
| $12.6M | 0.02% |
154,610
-4,100
| -3% | -$339K |
|
737
New Oriental
EDU
$9.24B
| $12.6M | 0.02% |
400,800
+65,100
| +19% | +$1.83M |
|
738
Marvell Technology
MRVL
$187B
| $12.6M | 0.02% |
1,424,034
+44,200
| +3% | +$391K |
|
739
Bankunited
BKU
$3.34B
| $12.6M | 0.02% |
348,100
+44,400
| +15% | +$1.65M |
|
740
Jefferies Financial Group
JEF
$12.8B
| $12.5M | 0.02% |
805,896
-2,570
| -0.3% | -$43K |
|
741
Polaris
PII
$3.97B
| $12.5M | 0.02% |
145,800
-5,200
| -3% | -$551K |
|
|
WCG
742
DELISTED
Wellcare Health Plans, Inc.
WCG
| $12.5M | 0.02% |
159,846
-5,800
| -4% | -$481K |
|
|
SKX
743
DELISTED
Skechers
SKX
| $12.5M | 0.02% |
413,000
+50,000
| +14% | +$1.67M |
|
|
QEP
744
DELISTED
QEP RESOURCES, INC.
QEP
| $12.5M | 0.02% |
930,625
+31,800
| +4% | +$463K |
|
745
Brunswick
BC
$5.21B
| $12.5M | 0.02% |
246,700
+1,200
| +0.5% | +$61.9K |
|
|
FNFG
746
DELISTED
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
| $12.5M | 0.02% |
1,148,226
+14,900
| +1% | +$159K |
|
747
Lazard
LAZ
$4.16B
| $12.4M | 0.02% |
276,600
-3,800
| -1% | -$174K |
|
748
NRG Energy
NRG
$25B
| $12.4M | 0.02% |
1,057,657
+51,800
| +5% | +$655K |
|
749
Sonoco
SON
$5.72B
| $12.4M | 0.02% |
304,450
+6,200
| +2% | +$258K |
|
|
IDTI
750
DELISTED
Integrated Device Technology I
IDTI
| $12.4M | 0.02% |
471,700
+14,200
| +3% | +$364K |
|
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.