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 | |
|---|---|---|---|---|---|---|
1026
Tanger
SKT
$4.44B
| $7.3M | 0.01% |
223,200
-100
| -0% | -$3.4K |
|
|
NATI
1027
DELISTED
National Instruments Corp
NATI
| $7.29M | 0.01% |
254,000
+6,700
| +3% | +$198K |
|
|
SF
1028
Stifel
SF
$12.6B
| $7.28M | 0.01% |
386,588
+10,125
| +3% | +$197K |
|
1029
Cognex
CGNX
$10.8B
| $7.27M | 0.01% |
430,600
| – | – |
|
1030
Papa John's
PZZA
$785M
| $7.24M | 0.01% |
129,600
+700
| +0.5% | +$43.2K |
|
1031
Emcor
EME
$35.7B
| $7.18M | 0.01% |
149,500
-2,200
| -1% | -$106K |
|
|
ISBC
1032
DELISTED
Investors Bancorp, Inc.
ISBC
| $7.17M | 0.01% |
576,748
+109,400
| +23% | +$1.38M |
|
1033
Plains GP Holdings
PAGP
$4.98B
| $7.17M | 0.01% |
284,979
| – | – |
|
|
NUVA
1034
DELISTED
NuVasive, Inc.
NUVA
| $7.14M | 0.01% |
132,000
+2,400
| +2% | +$122K |
|
1035
Blackbaud
BLKB
$2.09B
| $7.1M | 0.01% |
107,800
+4,500
| +4% | +$281K |
|
1036
Portland General Electric
POR
$5.66B
| $7.1M | 0.01% |
195,200
-5,900
| -3% | -$218K |
|
|
NRF
1037
DELISTED
NorthStar Realty Finance Corp.
NRF
| $7.1M | 0.01% |
416,850
| – | – |
|
|
NTLS
1038
DELISTED
NTELOS HLDGS CORP COM
NTLS
| $7.09M | 0.01% |
775,850
+2,900
| +0.4% | +$26.5K |
|
1039
New York Times
NYT
$10.5B
| $7.09M | 0.01% |
528,178
-2,400
| -0.5% | -$32.1K |
|
|
TCF
1040
DELISTED
TCF Financial Corporation
TCF
| $7.09M | 0.01% |
502,000
+3,300
| +0.7% | +$49.7K |
|
|
ACH
1041
Accendra Health
ACH
$107M
| $7.08M | 0.01% |
196,706
-1,600
| -0.8% | -$57.9K |
|
1042
WEX
WEX
$6.35B
| $7.04M | 0.01% |
79,700
+900
| +1% | +$81.6K |
|
1043
Littelfuse
LFUS
$11.6B
| $7.03M | 0.01% |
65,700
-100
| -0.2% | -$10.3K |
|
1044
Dana Inc
DAN
$3.21B
| $7M | 0.01% |
507,609
+13,100
| +3% | +$207K |
|
1045
Valmont Industries
VMI
$9.5B
| $7M | 0.01% |
66,000
+1,700
| +3% | +$184K |
|
1046
Constellium
CSTM
$3.98B
| $6.97M | 0.01% |
905,000
| – | – |
|
1047
Louisiana-Pacific
LPX
$5.2B
| $6.97M | 0.01% |
386,900
+30,100
| +8% | +$521K |
|
1048
Grand Canyon Education
LOPE
$3.82B
| $6.94M | 0.01% |
172,997
| – | – |
|
1049
Apple Hospitality REIT
APLE
$3.71B
| $6.94M | 0.01% |
347,300
-400
| -0.1% | -$7.85K |
|
1050
Acadia Pharmaceuticals
ACAD
$5.06B
| $6.92M | 0.01% |
194,000
+900
| +0.5% | +$31.7K |
|
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.