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 | |
|---|---|---|---|---|---|---|
1251
Exponent
EXPO
$3.27B
| $5.32M | 0.01% |
212,800
+22,200
| +12% | +$563K |
|
|
CRAY
1252
DELISTED
Cray, Inc.
CRAY
| $5.31M | 0.01% |
163,500
-12,000
| -7% | -$353K |
|
|
MLNX
1253
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $5.3M | 0.01% |
125,900
+4,000
| +3% | +$178K |
|
|
CIE
1254
DELISTED
Cobalt International Energy, Inc
CIE
| $5.29M | 0.01% |
65,367
+1,920
| +3% | +$211K |
|
|
APOL
1255
DELISTED
Apollo Education Group Inc Class A
APOL
| $5.29M | 0.01% |
690,106
+135,000
| +24% | +$1.12M |
|
1256
Cousins Properties
CUZ
$4.86B
| $5.29M | 0.01% |
198,653
-106
| -0.1% | -$2.89K |
|
|
NTI
1257
DELISTED
NORTHERN TIER ENERGY LP CLASS A
NTI
| $5.29M | 0.01% |
204,400
+30,000
| +17% | +$776K |
|
1258
Repligen
RGEN
$9.4B
| $5.28M | 0.01% |
186,700
-14,200
| -7% | -$410K |
|
1259
Churchill Downs
CHDN
$6.2B
| $5.28M | 0.01% |
223,800
+33,600
| +18% | +$798K |
|
|
APU
1260
DELISTED
AmeriGas Partners, L.P.
APU
| $5.27M | 0.01% |
153,800
-21,600
| -12% | -$853K |
|
1261
XPO
XPO
$23.5B
| $5.26M | 0.01% |
558,328
| – | – |
|
|
P
1262
DELISTED
Pandora Media Inc
P
| $5.26M | 0.01% |
392,000
| – | – |
|
1263
Canadian Solar
CSIQ
$1.08B
| $5.25M | 0.01% |
181,200
+500
| +0.3% | +$11.5K |
|
1264
Cheesecake Factory
CAKE
$5.65B
| $5.24M | 0.01% |
113,600
-5,700
| -5% | -$279K |
|
|
EXPR
1265
DELISTED
Express, Inc.
EXPR
| $5.22M | 0.01% |
15,100
-510
| -3% | -$184K |
|
1266
PRA Group
PRAA
$701M
| $5.22M | 0.01% |
150,416
| – | – |
|
|
WNS
1267
DELISTED
WNS Holdings
WNS
| $5.21M | 0.01% |
167,100
+17,700
| +12% | +$553K |
|
|
ALOG
1268
DELISTED
Analogic Corp
ALOG
| $5.21M | 0.01% |
63,100
+1,900
| +3% | +$162K |
|
1269
Graham Holdings Company
GHC
$4.98B
| $5.2M | 0.01% |
10,730
-2,200
| -17% | -$1.2M |
|
|
AYR
1270
DELISTED
Aircastle Ltd
AYR
| $5.2M | 0.01% |
249,083
-29,300
| -11% | -$618K |
|
|
GES
1271
DELISTED
Guess Inc
GES
| $5.18M | 0.01% |
274,234
+3,100
| +1% | +$63.7K |
|
1272
Benchmark Electronics
BHE
$2.95B
| $5.18M | 0.01% |
250,472
-1,700
| -0.7% | -$36K |
|
1273
Chord Energy
CHRD
$7.66B
| $5.17M | 0.01% |
702,000
+19,800
| +3% | +$212K |
|
1274
Enovis
ENOV
$1.43B
| $5.17M | 0.01% |
128,633
+755
| +0.6% | +$34.7K |
|
|
MASI
1275
DELISTED
Masimo
MASI
| $5.17M | 0.01% |
124,492
-4,700
| -4% | -$192K |
|
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.