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 | |
|---|---|---|---|---|---|---|
801
Oneok
OKE
$56.9B
| $11.2M | 0.02% |
453,600
| – | – |
|
802
Avis
CAR
$4.9B
| $11.2M | 0.02% |
307,333
+4,700
| +2% | +$198K |
|
803
Starwood Property Trust
STWD
$6.16B
| $11.1M | 0.02% |
541,600
-79,100
| -13% | -$1.63M |
|
804
Reliance Steel & Aluminium
RS
$21.9B
| $11.1M | 0.02% |
191,420
-900
| -0.5% | -$52.3K |
|
805
Brown & Brown
BRO
$24B
| $11.1M | 0.02% |
689,874
+19,000
| +3% | +$304K |
|
806
NNN REIT
NNN
$8.8B
| $11M | 0.02% |
275,602
-37,700
| -12% | -$1.44M |
|
807
Rollins
ROL
$17.9B
| $11M | 0.02% |
957,974
-5,400
| -0.6% | -$64.4K |
|
808
MDU Resources
MDU
$4.29B
| $11M | 0.02% |
1,576,921
+31,033
| +2% | +$215K |
|
809
Core Laboratories
CLB
$561M
| $11M | 0.02% |
101,000
| – | – |
|
|
TGI
810
DELISTED
Triumph Group
TGI
| $11M | 0.02% |
276,000
+136,800
| +98% | +$5.53M |
|
811
Zebra Technologies
ZBRA
$17.9B
| $11M | 0.02% |
157,500
-11,434
| -7% | -$857K |
|
812
LivaNova
LIVN
$4.21B
| $10.9M | 0.02% |
+183,994
| New | +$11.2M |
|
813
Healthcare Services Group
HCSG
$1.5B
| $10.9M | 0.02% |
311,800
+15,600
| +5% | +$567K |
|
814
KBR
KBR
$4.83B
| $10.9M | 0.02% |
642,236
+58,000
| +10% | +$1.07M |
|
815
Douglas Emmett
DEI
$1.93B
| $10.8M | 0.02% |
346,445
+3,500
| +1% | +$107K |
|
816
Teradyne
TER
$57.1B
| $10.8M | 0.02% |
522,100
+1,500
| +0.3% | +$29.9K |
|
817
Gentex
GNTX
$5.02B
| $10.7M | 0.02% |
671,300
-46,300
| -6% | -$748K |
|
818
Western Alliance Bancorporation
WAL
$8.78B
| $10.7M | 0.02% |
299,700
+25,400
| +9% | +$916K |
|
819
Pool Corp
POOL
$7.27B
| $10.7M | 0.02% |
132,900
+16,700
| +14% | +$1.34M |
|
820
Howard Hughes
HHH
$3.91B
| $10.7M | 0.02% |
99,340
| – | – |
|
821
Quanta Services
PWR
$99.4B
| $10.7M | 0.02% |
528,500
+16,100
| +3% | +$347K |
|
822
Popular Inc
BPOP
$11.1B
| $10.7M | 0.02% |
377,500
+27,100
| +8% | +$801K |
|
|
SPLK
823
DELISTED
Splunk Inc
SPLK
| $10.7M | 0.02% |
181,900
| – | – |
|
824
AutoNation
AN
$6.88B
| $10.7M | 0.02% |
179,200
+2,200
| +1% | +$136K |
|
825
Liberty Media Series A
FWONA
$23.5B
| $10.7M | 0.02% |
404,697
+77,489
| +24% | +$2.06M |
|
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.