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 | |
|---|---|---|---|---|---|---|
|
MFA
1076
MFA Financial
MFA
$919M
| $6.66M | 0.01% |
252,375
+7,800
| +3% | +$215K |
|
1077
Valley National Bancorp
VLY
$8.1B
| $6.65M | 0.01% |
675,239
+19,800
| +3% | +$206K |
|
1078
Ligand Pharmaceuticals
LGND
$5.89B
| $6.65M | 0.01% |
98,264
+5,771
| +6% | +$356K |
|
|
PMCS
1079
DELISTED
P M C SIERRA INC
PMCS
| $6.63M | 0.01% |
570,700
-26,200
| -4% | -$297K |
|
|
AXE
1080
DELISTED
Anixter International Inc
AXE
| $6.63M | 0.01% |
109,800
+3,800
| +4% | +$243K |
|
|
SPWR
1081
DELISTED
SunPower Corporation Common Stock
SPWR
| $6.62M | 0.01% |
336,704
-1,068
| -0.3% | -$17.9K |
|
1082
Lincoln Electric
LECO
$15.1B
| $6.61M | 0.01% |
127,300
+3,300
| +3% | +$184K |
|
|
WDR
1083
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $6.6M | 0.01% |
230,434
+11,600
| +5% | +$398K |
|
|
DO
1084
DELISTED
Diamond Offshore Drilling
DO
| $6.6M | 0.01% |
312,845
+28,500
| +10% | +$601K |
|
|
PGRE
1085
DELISTED
Paramount Group
PGRE
| $6.59M | 0.01% |
364,100
-300
| -0.1% | -$5.36K |
|
|
EFOR
1086
Everforth Inc
EFOR
$1.33B
| $6.57M | 0.01% |
146,200
| – | – |
|
|
CPE
1087
DELISTED
Callon Petroleum Company
CPE
| $6.56M | 0.01% |
78,670
| – | – |
|
|
CPHD
1088
DELISTED
Cepheid Inc
CPHD
| $6.56M | 0.01% |
179,500
+6,000
| +3% | +$213K |
|
|
INVX
1089
Innovex International
INVX
$2.04B
| $6.53M | 0.01% |
110,200
-2,900
| -3% | -$180K |
|
|
S
1090
DELISTED
Sprint Corporation
S
| $6.52M | 0.01% |
1,801,400
| – | – |
|
|
WNR
1091
DELISTED
Western Refining Inc
WNR
| $6.52M | 0.01% |
183,000
+22,500
| +14% | +$963K |
|
|
GPT
1092
DELISTED
Gramercy Property Trust
GPT
| $6.49M | 0.01% |
280,311
+257,286
| +1,117% | +$16M |
|
|
YOKU
1093
DELISTED
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
| $6.48M | 0.01% |
238,700
+29,600
| +14% | +$743K |
|
|
OVTI
1094
DELISTED
OMNIVISION TECHNOLOGIES INC
OVTI
| $6.47M | 0.01% |
222,900
| – | – |
|
1095
Saic
SAIC
$5.3B
| $6.46M | 0.01% |
141,200
-30,300
| -18% | -$1.38M |
|
|
OPLN
1096
Openlane
OPLN
$4.58B
| $6.44M | 0.01% |
459,444
-2,113
| -0.5% | -$29.9K |
|
1097
Cathay General Bancorp
CATY
$4.23B
| $6.43M | 0.01% |
205,200
+23,300
| +13% | +$747K |
|
|
DBD
1098
DELISTED
Diebold Nixdorf Incorporated
DBD
| $6.42M | 0.01% |
213,500
-6,600
| -3% | -$224K |
|
1099
American Homes 4 Rent
AMH
$12.3B
| $6.42M | 0.01% |
385,200
-500
| -0.1% | -$8.25K |
|
|
TWO
1100
Two Harbors Investment
TWO
$1.26B
| $6.41M | 0.01% |
98,963
-14,700
| -13% | -$1M |
|
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.