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 | |
|---|---|---|---|---|---|---|
1001
Landstar System
LSTR
$6.05B
| $7.55M | 0.01% |
128,800
+600
| +0.5% | +$37K |
|
|
BDN
1002
Brandywine Realty Trust
BDN
$530M
| $7.55M | 0.01% |
552,651
-4,500
| -0.8% | -$59.5K |
|
|
SPN
1003
DELISTED
Superior Energy Services, Inc.
SPN
| $7.53M | 0.01% |
55,930
+6,740
| +14% | +$1M |
|
|
VRE
1004
DELISTED
Veris Residential
VRE
| $7.52M | 0.01% |
322,199
+17,500
| +6% | +$391K |
|
|
NS
1005
DELISTED
NuStar Energy L.P.
NS
| $7.51M | 0.01% |
187,400
-900
| -0.5% | -$38.9K |
|
1006
CACI
CACI
$14.3B
| $7.51M | 0.01% |
80,920
-900
| -1% | -$83.4K |
|
1007
Guidewire Software
GWRE
$14.4B
| $7.51M | 0.01% |
124,800
+10,500
| +9% | +$608K |
|
|
CNL
1008
DELISTED
CLECO CRP (HOLDING CO)
CNL
| $7.5M | 0.01% |
143,700
+800
| +0.6% | +$41.6K |
|
|
RDUS
1009
DELISTED
Radius Health, Inc.
RDUS
| $7.5M | 0.01% |
121,800
+85,000
| +231% | +$5.37M |
|
1010
Sanmina
SANM
$10.7B
| $7.49M | 0.01% |
363,710
+3,000
| +0.8% | +$66.7K |
|
|
TIME
1011
DELISTED
Time Inc.
TIME
| $7.48M | 0.01% |
477,070
+63,000
| +15% | +$1.08M |
|
|
TEN
1012
Tsakos Energy Navigation Ltd
TEN
$1.15B
| $7.47M | 0.01% |
188,640
| – | – |
|
1013
Cimpress
CMPR
$2.3B
| $7.46M | 0.01% |
91,900
| – | – |
|
|
SAVE
1014
DELISTED
Spirit Airlines, Inc.
SAVE
| $7.45M | 0.01% |
187,000
+3,300
| +2% | +$134K |
|
1015
Allison Transmission
ALSN
$10.3B
| $7.45M | 0.01% |
287,800
-1,200
| -0.4% | -$32.8K |
|
1016
Advanced Micro Devices
AMD
$767B
| $7.45M | 0.01% |
2,595,224
+101,700
| +4% | +$228K |
|
1017
Bright Horizons
BFAM
$3.81B
| $7.45M | 0.01% |
111,500
+900
| +0.8% | +$58.2K |
|
|
PF
1018
DELISTED
Pinnacle Foods, Inc.
PF
| $7.44M | 0.01% |
175,200
-800
| -0.5% | -$34.2K |
|
1019
Matador Resources
MTDR
$6.46B
| $7.43M | 0.01% |
375,800
| – | – |
|
1020
Synaptics
SYNA
$4.09B
| $7.42M | 0.01% |
92,300
+3,100
| +3% | +$263K |
|
1021
Huntsman Corp
HUN
$1.82B
| $7.39M | 0.01% |
650,000
+123,300
| +23% | +$1.46M |
|
|
PRA
1022
DELISTED
ProAssurance
PRA
| $7.36M | 0.01% |
151,678
+4,000
| +3% | +$205K |
|
|
LHO
1023
DELISTED
LaSalle Hotel Properties
LHO
| $7.3M | 0.01% |
290,359
+9,300
| +3% | +$264K |
|
1024
Eagle Materials
EXP
$6.47B
| $7.3M | 0.01% |
120,800
-6,800
| -5% | -$453K |
|
|
TEN
1025
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $7.3M | 0.01% |
159,000
-5,900
| -4% | -$299K |
|
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.