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 |
Chubb
CB
|
+$42.8M |
| 2 |
Broadcom
AVGO
|
+$35.4M |
| 3 |
Chevron
CVX
|
+$26M |
| 4 |
Weyerhaeuser
WY
|
+$23.4M |
| 5 |
Dentsply Sirona
XRAY
|
+$20.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CB
CHUBB CORPORATION
CB
|
+$93.8M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$83.3M |
| 3 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$79.2M |
| 4 |
Meta Platforms (Facebook)
META
|
+$34.9M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$34.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.29% |
| 2 | Technology | 14.48% |
| 3 | Healthcare | 13.34% |
| 4 | Industrials | 10.9% |
| 5 | Consumer Discretionary | 9.91% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BIG
801
DELISTED
Big Lots, Inc.
BIG
| $10.8M | 0.02% |
239,326
+2,400
| +1% | +$96.2K |
|
802
Royal Gold
RGLD
$19.8B
| $10.8M | 0.02% |
211,097
+38,800
| +23% | +$1.58M |
|
803
Axalta
AXTA
$8.01B
| $10.8M | 0.02% |
+370,700
| New | +$9.43M |
|
|
AWH
804
DELISTED
Allied World Assurance Co Hld Lt
AWH
| $10.8M | 0.02% |
309,800
+3,400
| +1% | +$117K |
|
805
Leidos
LDOS
$17.5B
| $10.8M | 0.02% |
214,525
-11,100
| -5% | -$529K |
|
|
AFSI
806
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $10.7M | 0.02% |
415,260
-31,600
| -7% | -$840K |
|
|
X
807
DELISTED
US Steel
X
| $10.7M | 0.02% |
668,300
+172,700
| +35% | +$1.72M |
|
808
BWX Technologies
BWXT
$15.5B
| $10.7M | 0.02% |
319,500
-40,200
| -11% | -$1.24M |
|
|
TECD
809
DELISTED
Tech Data Corp
TECD
| $10.7M | 0.02% |
139,400
+5,000
| +4% | +$343K |
|
|
FNFG
810
DELISTED
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
| $10.7M | 0.02% |
1,103,926
-44,300
| -4% | -$428K |
|
811
Cinemark Holdings
CNK
$4.38B
| $10.7M | 0.02% |
297,600
+400
| +0.1% | +$12.7K |
|
|
TCO
812
DELISTED
Taubman Centers Inc.
TCO
| $10.6M | 0.02% |
149,213
+3,100
| +2% | +$220K |
|
813
Oceaneering
OII
$5.09B
| $10.6M | 0.02% |
318,900
+19,060
| +6% | +$594K |
|
|
PACW
814
DELISTED
PacWest Bancorp
PACW
| $10.5M | 0.02% |
281,655
-2,600
| -0.9% | -$92.1K |
|
815
CNX Resources
CNX
$5.32B
| $10.4M | 0.02% |
1,108,855
+187,800
| +20% | +$1.37M |
|
816
Starwood Property Trust
STWD
$6.16B
| $10.4M | 0.02% |
550,800
+9,200
| +2% | +$171K |
|
817
Brunswick
BC
$5.21B
| $10.4M | 0.02% |
216,800
-29,900
| -12% | -$1.29M |
|
|
DNR
818
DELISTED
Denbury Resources, Inc.
DNR
| $10.4M | 0.02% |
4,669,698
+1,279,500
| +38% | +$2.13M |
|
819
Ryder
R
$9.98B
| $10.3M | 0.02% |
159,500
+7,223
| +5% | +$410K |
|
820
AerCap
AER
$23.5B
| $10.3M | 0.02% |
266,100
-36,200
| -12% | -$1.25M |
|
|
BBG
821
DELISTED
Bill Barrett Corp
BBG
| $10.3M | 0.02% |
1,657,600
+144,300
| +10% | +$578K |
|
822
MPLX
MPLX
$59.5B
| $10.3M | 0.02% |
345,714
-29,654
| -8% | -$805K |
|
|
WPZ
823
DELISTED
Williams Partners L.P.
WPZ
| $10.2M | 0.02% |
498,261
-31,500
| -6% | -$618K |
|
824
Watsco Inc
WSO
$13.5B
| $10.2M | 0.02% |
75,500
-6,200
| -8% | -$752K |
|
825
Bank of Hawaii
BOH
$3.1B
| $10.2M | 0.02% |
148,678
-1,800
| -1% | -$113K |
|
Similar funds
California Public Employees Retirement System's Q1 2016 Portfolio in Review
As of Q1 2016, California Public Employees Retirement System held 3,700 positions worth $62B, down 1.9% from $63.3B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
California Public Employees Retirement System's Q1 2016 filing shows 73 new, 1,092 increased, 1,697 reduced and 112 closed positions. Its largest new stake was Axalta: 370,700 shares worth $10.8M. The largest sale was CHUBB CORPORATION, an estimated $93.8M.
By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 16% a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System's largest Q1 2016 buy was Axalta: 370,700 shares worth $10.8M.
- California Public Employees Retirement System added most to Chubb in Q1 2016, an estimated $42.8M increase.
- California Public Employees Retirement System's biggest Q1 2016 reduction was Meta Platforms (Facebook), cutting an estimated $34.9M.
- California Public Employees Retirement System fully exited CHUBB CORPORATION in Q1 2016, selling an estimated $93.8M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $62B portfolio in Q1 2016.
- California Public Employees Retirement System opened 73 new positions and closed 112 in Q1 2016.
- California Public Employees Retirement System's portfolio value fell 1.9% quarter-over-quarter to $62B.
Based on California Public Employees Retirement System's 13F filing for Q1 2016, filed 4 May 2016.