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 | |
|---|---|---|---|---|---|---|
1051
NorthWestern Energy
NWE
$4.38B
| $6.91M | 0.01% |
127,412
-2,200
| -2% | -$120K |
|
1052
Regal Rexnord
RRX
$11.5B
| $6.91M | 0.01% |
118,100
-4,100
| -3% | -$251K |
|
|
ESL
1053
DELISTED
Esterline Technologies
ESL
| $6.9M | 0.01% |
85,200
-1,446
| -2% | -$118K |
|
|
MZTI
1054
The Marzetti Company
MZTI
$3.13B
| $6.89M | 0.01% |
59,700
+4,200
| +8% | +$460K |
|
1055
Wintrust Financial
WTFC
$10.7B
| $6.88M | 0.01% |
141,802
+100
| +0.1% | +$5.1K |
|
|
N
1056
DELISTED
Netsuite Inc
N
| $6.88M | 0.01% |
81,300
| – | – |
|
1057
MGIC Investment
MTG
$6.21B
| $6.87M | 0.01% |
778,400
| – | – |
|
|
POLY
1058
DELISTED
Plantronics, Inc.
POLY
| $6.87M | 0.01% |
144,800
-700
| -0.5% | -$36.3K |
|
1059
Viasat
VSAT
$11.7B
| $6.86M | 0.01% |
112,500
| – | – |
|
1060
Neogen
NEOG
$2.49B
| $6.86M | 0.01% |
323,600
| – | – |
|
|
DNR
1061
DELISTED
Denbury Resources, Inc.
DNR
| $6.85M | 0.01% |
3,390,198
+512,000
| +18% | +$1.65M |
|
1062
Spire
SR
$4.79B
| $6.84M | 0.01% |
115,100
+600
| +0.5% | +$34.6K |
|
1063
Sarepta Therapeutics
SRPT
$1.81B
| $6.83M | 0.01% |
177,100
| – | – |
|
1064
Dycom Industries
DY
$12B
| $6.83M | 0.01% |
97,600
| – | – |
|
1065
Novavax
NVAX
$1.3B
| $6.82M | 0.01% |
40,650
+16,650
| +69% | +$2.56M |
|
|
THS
1066
DELISTED
Treehouse Foods
THS
| $6.82M | 0.01% |
86,900
| – | – |
|
|
GNC
1067
DELISTED
GNC Holdings, Inc.
GNC
| $6.82M | 0.01% |
219,800
-6,100
| -3% | -$206K |
|
|
ASNA
1068
DELISTED
Ascena Retail Group, Inc.
ASNA
| $6.81M | 0.01% |
34,590
+3,645
| +12% | +$860K |
|
1069
Timken Company
TKR
$8.77B
| $6.79M | 0.01% |
237,500
+12,600
| +6% | +$379K |
|
1070
Kirby Corp
KEX
$7B
| $6.79M | 0.01% |
129,000
-600
| -0.5% | -$37.1K |
|
|
CRZO
1071
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $6.77M | 0.01% |
228,900
| – | – |
|
|
IPXL
1072
DELISTED
Impax Laboratories, Inc.
IPXL
| $6.73M | 0.01% |
157,400
-44,000
| -22% | -$1.76M |
|
|
CVA
1073
DELISTED
Covanta Holding Corporation
CVA
| $6.71M | 0.01% |
433,100
+9,300
| +2% | +$152K |
|
1074
ACI Worldwide
ACIW
$5.34B
| $6.68M | 0.01% |
312,300
-1,400
| -0.4% | -$32.2K |
|
|
SONC
1075
DELISTED
Sonic Corp
SONC
| $6.68M | 0.01% |
206,700
+1,000
| +0.5% | +$28.5K |
|
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.