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 | |
|---|---|---|---|---|---|---|
|
CLR
1101
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $6.4M | 0.01% |
278,400
| – | – |
|
|
WW
1102
DELISTED
WW International
WW
| $6.39M | 0.01% |
280,271
-9,400
| -3% | -$177K |
|
1103
Deluxe
DLX
$1.12B
| $6.38M | 0.01% |
116,900
-900
| -0.8% | -$52K |
|
|
CAA
1104
DELISTED
CalAtlantic Group, Inc.
CAA
| $6.37M | 0.01% |
167,924
+99,784
| +146% | +$3.99M |
|
|
TARO
1105
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $6.37M | 0.01% |
41,200
+200
| +0.5% | +$29.2K |
|
1106
Avista
AVA
$3.2B
| $6.36M | 0.01% |
179,880
-1,600
| -0.9% | -$54.8K |
|
|
EFII
1107
DELISTED
Electronics for Imaging
EFII
| $6.35M | 0.01% |
135,860
+4,300
| +3% | +$203K |
|
|
CONE
1108
DELISTED
CyrusOne Inc Common Stock
CONE
| $6.35M | 0.01% |
169,500
-900
| -0.5% | -$31.8K |
|
|
LNCE
1109
DELISTED
Snyders-Lance, Inc.
LNCE
| $6.34M | 0.01% |
184,800
+25,700
| +16% | +$929K |
|
|
VTLE
1110
DELISTED
Vital Energy
VTLE
| $6.33M | 0.01% |
39,635
| – | – |
|
|
MDSO
1111
DELISTED
Medidata Solutions, Inc.
MDSO
| $6.32M | 0.01% |
128,200
| – | – |
|
|
CATM
1112
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $6.3M | 0.01% |
187,300
| – | – |
|
1113
Selective Insurance
SIGI
$5.66B
| $6.29M | 0.01% |
187,439
-5,600
| -3% | -$194K |
|
1114
Royal Gold
RGLD
$19.8B
| $6.28M | 0.01% |
172,297
| – | – |
|
1115
Take-Two Interactive
TTWO
$47.4B
| $6.28M | 0.01% |
180,200
+2,200
| +1% | +$74.2K |
|
|
CCP
1116
DELISTED
Care Capital Properties, Inc.
CCP
| $6.27M | 0.01% |
205,168
-2,200
| -1% | -$70.1K |
|
1117
Vishay Intertechnology
VSH
$5.08B
| $6.27M | 0.01% |
520,400
+9,100
| +2% | +$103K |
|
1118
Prothena Corp
PRTA
$468M
| $6.25M | 0.01% |
91,700
+62,500
| +214% | +$3.77M |
|
1119
Kemper
KMPR
$1.55B
| $6.23M | 0.01% |
167,200
| – | – |
|
1120
John Wiley & Sons Class A
WLY
$2.62B
| $6.22M | 0.01% |
138,246
+1,300
| +0.9% | +$64.4K |
|
1121
RH
RH
$3.47B
| $6.22M | 0.01% |
78,300
| – | – |
|
1122
Ultragenyx Pharmaceutical
RARE
$2.64B
| $6.2M | 0.01% |
55,300
+3,900
| +8% | +$390K |
|
1123
Allegiant Air
ALGT
$2.41B
| $6.2M | 0.01% |
36,947
-6,300
| -15% | -$1.21M |
|
1124
National Health Investors
NHI
$3.59B
| $6.19M | 0.01% |
101,700
-8,500
| -8% | -$507K |
|
1125
Integer Holdings
ITGR
$4.25B
| $6.18M | 0.01% |
129,227
-3,510
| -3% | -$175K |
|
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.