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 | |
|---|---|---|---|---|---|---|
|
ESGR
1126
DELISTED
Enstar Group
ESGR
| $6.18M | 0.01% |
41,200
-400
| -1% | -$61.6K |
|
1127
Rithm Capital
RITM
$5.75B
| $6.18M | 0.01% |
508,350
-55,000
| -10% | -$679K |
|
|
PHH
1128
DELISTED
PHH Corporation
PHH
| $6.18M | 0.01% |
381,232
+23,100
| +6% | +$358K |
|
1129
LXP Industrial Trust
LXP
$3.58B
| $6.16M | 0.01% |
153,889
+1,860
| +1% | +$78.9K |
|
|
CADE
1130
DELISTED
Cadence Bank
CADE
| $6.14M | 0.01% |
256,111
-4,100
| -2% | -$103K |
|
1131
RingCentral
RNG
$5.33B
| $6.13M | 0.01% |
259,800
+46,400
| +22% | +$999K |
|
|
JNS
1132
DELISTED
Janus Capital Group Inc
JNS
| $6.12M | 0.01% |
434,600
+2,000
| +0.5% | +$29.8K |
|
1133
GATX Corp
GATX
$6.3B
| $6.11M | 0.01% |
143,689
+2,352
| +2% | +$106K |
|
1134
WD-40
WDFC
$3.13B
| $6.1M | 0.01% |
61,836
-400
| -0.6% | -$38.8K |
|
|
BRSL
1135
Brightstar Lottery PLC
BRSL
$2.05B
| $6.1M | 0.01% |
376,824
+33,100
| +10% | +$529K |
|
1136
Advanced Drainage Systems
WMS
$10.7B
| $6.09M | 0.01% |
253,600
+16,700
| +7% | +$472K |
|
|
AEL
1137
DELISTED
American Equity Investment Life Holding Company
AEL
| $6.09M | 0.01% |
253,511
+2,500
| +1% | +$63.8K |
|
1138
Gaming and Leisure Properties
GLPI
$12.4B
| $6.08M | 0.01% |
218,900
-100
| -0% | -$2.86K |
|
|
PSB
1139
DELISTED
PS Business Parks, Inc.
PSB
| $6.08M | 0.01% |
69,520
| – | – |
|
1140
Zillow
Z
$7.67B
| $6.07M | 0.01% |
258,700
| – | – |
|
1141
Post Holdings
POST
$3.58B
| $6.07M | 0.01% |
150,202
| – | – |
|
|
BCPC
1142
Balchem Corp
BCPC
$5.71B
| $6.07M | 0.01% |
99,752
| – | – |
|
1143
CNX Resources
CNX
$5.33B
| $6.06M | 0.01% |
921,055
+152,760
| +20% | +$1.08M |
|
|
BLUE
1144
DELISTED
bluebird bio
BLUE
| $6.06M | 0.01% |
7,288
+4,455
| +157% | +$4.45M |
|
1145
Radian Group
RDN
$4.91B
| $6.06M | 0.01% |
452,500
| – | – |
|
1146
Trex
TREX
$5.01B
| $6.04M | 0.01% |
634,800
| – | – |
|
1147
Hyatt Hotels
H
$16.2B
| $6.01M | 0.01% |
127,891
+100
| +0.1% | +$4.97K |
|
1148
Nu Skin
NUS
$236M
| $6M | 0.01% |
158,400
+15,300
| +11% | +$564K |
|
|
CTLT
1149
DELISTED
CATALENT, INC.
CTLT
| $6M | 0.01% |
239,600
| – | – |
|
1150
Moog Inc Class A
MOG.A
$13.2B
| $5.99M | 0.01% |
98,800
+1,600
| +2% | +$99.2K |
|
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.