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 | |
|---|---|---|---|---|---|---|
826
American Eagle Outfitters
AEO
$3.07B
| $10.7M | 0.02% |
688,946
-8,100
| -1% | -$127K |
|
|
DYAX
827
DELISTED
DYAX CORPORATION
DYAX
| $10.7M | 0.02% |
283,700
+5,600
| +2% | +$180K |
|
|
LSI
828
DELISTED
Life Storage, Inc.
LSI
| $10.7M | 0.02% |
148,877
-900
| -0.6% | -$60.2K |
|
|
AIRM
829
DELISTED
Air Methods Corp
AIRM
| $10.6M | 0.02% |
253,300
+10,000
| +4% | +$406K |
|
|
PPLI
830
People Inc
PPLI
$3.03B
| $10.6M | 0.02% |
988,709
+10,632
| +1% | +$123K |
|
831
Sprouts Farmers Market
SFM
$7.96B
| $10.6M | 0.02% |
398,600
| – | – |
|
|
PDM
832
Piedmont Realty Trust
PDM
$1.16B
| $10.6M | 0.02% |
561,161
-8,500
| -1% | -$163K |
|
|
RPAI
833
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $10.6M | 0.02% |
715,600
-3,100
| -0.4% | -$45.9K |
|
834
Abercrombie & Fitch
ANF
$5.27B
| $10.5M | 0.02% |
388,200
+9,900
| +3% | +$230K |
|
|
ESV
835
DELISTED
Ensco Rowan plc
ESV
| $10.5M | 0.02% |
170,175
+5,575
| +3% | +$364K |
|
|
STRZA
836
DELISTED
Starz - Series A
STRZA
| $10.5M | 0.02% |
312,600
+6,300
| +2% | +$225K |
|
|
CLGX
837
DELISTED
Corelogic, Inc.
CLGX
| $10.5M | 0.02% |
309,200
-7,100
| -2% | -$265K |
|
838
First Horizon
FHN
$12B
| $10.5M | 0.02% |
720,539
-800
| -0.1% | -$11.6K |
|
839
SLM Corp
SLM
$5.14B
| $10.5M | 0.02% |
1,604,400
+182,900
| +13% | +$1.24M |
|
840
Genworth Financial
GNW
$3.75B
| $10.5M | 0.02% |
2,802,900
+259,500
| +10% | +$1.2M |
|
841
Warner Bros
WBD
$67.4B
| $10.4M | 0.02% |
390,612
| – | – |
|
842
Neurocrine Biosciences
NBIX
$16.8B
| $10.4M | 0.02% |
184,200
+25,600
| +16% | +$1.3M |
|
|
MBT
843
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $10.4M | 0.02% |
1,685,259
-93,100
| -5% | -$652K |
|
844
Fortinet
FTNT
$120B
| $10.4M | 0.02% |
1,666,500
+28,500
| +2% | +$205K |
|
845
Erie Indemnity
ERIE
$13.2B
| $10.3M | 0.02% |
107,655
+2,500
| +2% | +$227K |
|
846
EnerSys
ENS
$6.79B
| $10.3M | 0.02% |
184,000
-700
| -0.4% | -$42.4K |
|
847
Telephone and Data Systems
TDS
$3.84B
| $10.3M | 0.02% |
397,447
-7,800
| -2% | -$213K |
|
|
WRI
848
DELISTED
Weingarten Realty Investors
WRI
| $10.3M | 0.02% |
297,273
-35,900
| -11% | -$1.24M |
|
|
SRC
849
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $10.3M | 0.02% |
228,585
+17,773
| +8% | +$787K |
|
850
Euronet Worldwide
EEFT
$2.65B
| $10.2M | 0.02% |
141,300
+4,800
| +4% | +$367K |
|
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.