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 | |
|---|---|---|---|---|---|---|
776
Photronics
PLAB
$1.89B
| $11.8M | 0.02% |
945,700
-5,100
| -0.5% | -$54.8K |
|
|
HZNP
777
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $11.7M | 0.02% |
540,900
+1,500
| +0.3% | +$29.2K |
|
|
VMW
778
DELISTED
VMware, Inc
VMW
| $11.7M | 0.02% |
206,100
| – | – |
|
779
Ares Capital
ARCC
$14.3B
| $11.7M | 0.02% |
818,100
+23,200
| +3% | +$352K |
|
|
PRXL
780
DELISTED
Parexel International Corp
PRXL
| $11.6M | 0.02% |
170,700
-500
| -0.3% | -$32.5K |
|
|
EQC
781
DELISTED
Equity Commonwealth
EQC
| $11.6M | 0.02% |
419,297
+3,500
| +0.8% | +$98K |
|
|
OKS
782
DELISTED
Oneok Partners LP
OKS
| $11.6M | 0.02% |
385,800
+1,000
| +0.3% | +$30.3K |
|
783
Copart
CPRT
$27.4B
| $11.6M | 0.02% |
2,445,600
| – | – |
|
|
CSRA
784
DELISTED
CSRA Inc.
CSRA
| $11.5M | 0.02% |
+384,567
| New | +$11M |
|
785
Steel Dynamics
STLD
$38.5B
| $11.5M | 0.02% |
645,300
+1,800
| +0.3% | +$32.2K |
|
|
MPT
786
Medical Properties Trust
MPT
$2.48B
| $11.5M | 0.02% |
1,000,900
-200
| -0% | -$2.28K |
|
787
Vail Resorts
MTN
$5.21B
| $11.5M | 0.02% |
90,000
+15,800
| +21% | +$1.86M |
|
788
Hawaiian Electric Industries
HE
$2.02B
| $11.5M | 0.02% |
397,515
-32,100
| -7% | -$925K |
|
789
Opko Health
OPK
$1.04B
| $11.5M | 0.02% |
1,144,056
-86,950
| -7% | -$872K |
|
790
BWX Technologies
BWXT
$15.5B
| $11.4M | 0.02% |
359,700
-4,600
| -1% | -$136K |
|
|
AWH
791
DELISTED
Allied World Assurance Co Hld Lt
AWH
| $11.4M | 0.02% |
306,400
-45,600
| -13% | -$1.68M |
|
792
DexCom
DXCM
$33.1B
| $11.3M | 0.02% |
553,600
+30,800
| +6% | +$641K |
|
793
NCR Voyix
VYX
$1.09B
| $11.3M | 0.02% |
754,669
| – | – |
|
|
HPY
794
DELISTED
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
| $11.3M | 0.02% |
119,400
+12,200
| +11% | +$942K |
|
795
CoreCivic
CXW
$3.26B
| $11.3M | 0.02% |
426,400
+38,000
| +10% | +$1.04M |
|
796
EPR Properties
EPR
$4.63B
| $11.3M | 0.02% |
193,126
-34,200
| -15% | -$1.91M |
|
|
ANAC
797
DELISTED
ANACOR PHARMACEUTICALS INC COM
ANAC
| $11.3M | 0.02% |
99,600
+49,700
| +100% | +$5.48M |
|
798
Oceaneering
OII
$5.09B
| $11.3M | 0.02% |
299,840
+4,600
| +2% | +$197K |
|
|
CHK
799
DELISTED
Chesapeake Energy Corporation
CHK
| $11.2M | 0.02% |
12,475
+1,525
| +14% | +$1.9M |
|
|
TCO
800
DELISTED
Taubman Centers Inc.
TCO
| $11.2M | 0.02% |
146,113
-16,900
| -10% | -$1.26M |
|
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.