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 | |
|---|---|---|---|---|---|---|
|
PF
1051
DELISTED
Pinnacle Foods, Inc.
PF
| $6.89M | 0.01% |
154,300
-20,900
| -12% | -$901K |
|
|
STRZA
1052
DELISTED
Starz - Series A
STRZA
| $6.88M | 0.01% |
261,400
-51,200
| -16% | -$1.4M |
|
|
INVX
1053
Innovex International
INVX
$2.07B
| $6.88M | 0.01% |
113,600
+3,400
| +3% | +$189K |
|
|
TCF
1054
DELISTED
TCF Financial Corporation
TCF
| $6.84M | 0.01% |
558,100
+56,100
| +11% | +$673K |
|
|
RAX
1055
DELISTED
Rackspace Hosting Inc
RAX
| $6.84M | 0.01% |
316,700
-20,600
| -6% | -$420K |
|
1056
Bright Horizons
BFAM
$3.83B
| $6.83M | 0.01% |
105,500
-6,000
| -5% | -$386K |
|
|
HIMX
1057
Himax Technologies
HIMX
$2.61B
| $6.83M | 0.01% |
607,500
-97,700
| -14% | -$858K |
|
|
POWR
1058
DELISTED
POWERSECURE INTL INC COM STK (DE)
POWR
| $6.82M | 0.01% |
365,100
| – | – |
|
1059
Take-Two Interactive
TTWO
$46.7B
| $6.79M | 0.01% |
180,300
+100
| +0.1% | +$3.46K |
|
|
EXPR
1060
DELISTED
Express, Inc.
EXPR
| $6.78M | 0.01% |
15,825
+725
| +5% | +$260K |
|
|
CVA
1061
DELISTED
Covanta Holding Corporation
CVA
| $6.78M | 0.01% |
401,900
-31,200
| -7% | -$460K |
|
1062
Blackbaud
BLKB
$2.07B
| $6.74M | 0.01% |
107,200
-600
| -0.6% | -$35.1K |
|
1063
Curtiss-Wright
CW
$26.1B
| $6.74M | 0.01% |
89,000
+4,500
| +5% | +$312K |
|
1064
LXP Industrial Trust
LXP
$3.58B
| $6.73M | 0.01% |
156,509
+2,620
| +2% | +$101K |
|
|
COHR
1065
DELISTED
Coherent Inc
COHR
| $6.73M | 0.01% |
73,200
-1,600
| -2% | -$123K |
|
1066
Matador Resources
MTDR
$6.5B
| $6.72M | 0.01% |
354,400
-21,400
| -6% | -$355K |
|
|
CRZO
1067
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $6.68M | 0.01% |
215,900
-13,000
| -6% | -$328K |
|
1068
Westlake Corp
WLK
$10.3B
| $6.64M | 0.01% |
143,400
+600
| +0.4% | +$27.2K |
|
1069
Generac Holdings
GNRC
$12.7B
| $6.64M | 0.01% |
178,200
-7,600
| -4% | -$245K |
|
|
RGC
1070
DELISTED
Regal Entertainment Group
RGC
| $6.64M | 0.01% |
313,900
+25,500
| +9% | +$486K |
|
1071
WD-40
WDFC
$3.13B
| $6.61M | 0.01% |
61,236
-600
| -1% | -$62K |
|
|
MDCO
1072
DELISTED
Medicines Co
MDCO
| $6.61M | 0.01% |
208,100
+4,900
| +2% | +$160K |
|
|
MZTI
1073
The Marzetti Company
MZTI
$3.18B
| $6.59M | 0.01% |
59,600
-100
| -0.2% | -$10.7K |
|
|
CPE
1074
DELISTED
Callon Petroleum Company
CPE
| $6.57M | 0.01% |
74,210
-4,460
| -6% | -$310K |
|
1075
TD Synnex
SNX
$20.5B
| $6.57M | 0.01% |
141,800
-28,600
| -17% | -$1.28M |
|
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.