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 | |
|---|---|---|---|---|---|---|
1351
Acadia Realty Trust
AKR
$2.83B
| $4.6M | 0.01% |
138,728
-200
| -0.1% | -$6.53K |
|
|
BRKL
1352
DELISTED
Brookline Bancorp
BRKL
| $4.6M | 0.01% |
399,886
-5,900
| -1% | -$66.9K |
|
|
CYNO
1353
DELISTED
Cynosure, Inc. Class A
CYNO
| $4.6M | 0.01% |
102,900
-1,200
| -1% | -$45.5K |
|
1354
Pilgrim's Pride
PPC
$6.4B
| $4.58M | 0.01% |
207,500
| – | – |
|
1355
LiveRamp
RAMP
$2.3B
| $4.58M | 0.01% |
219,000
-100
| -0% | -$2.18K |
|
|
KLXI
1356
DELISTED
KLX Inc.
KLXI
| $4.57M | 0.01% |
176,091
| – | – |
|
|
MDR
1357
DELISTED
McDermott International
MDR
| $4.57M | 0.01% |
454,700
-32,867
| -7% | -$451K |
|
1358
Nexstar Media Group
NXST
$5.69B
| $4.57M | 0.01% |
77,800
| – | – |
|
1359
Mueller Water Products
MWA
$4.09B
| $4.56M | 0.01% |
530,600
| – | – |
|
|
CAMP
1360
DELISTED
CalAmp Corp.
CAMP
| $4.56M | 0.01% |
9,943
+1,230
| +14% | +$542K |
|
1361
Brady Corp
BRC
$4.48B
| $4.54M | 0.01% |
197,500
-7,400
| -4% | -$173K |
|
1362
First Citizens BancShares
FCNCA
$25.4B
| $4.54M | 0.01% |
17,576
+300
| +2% | +$74.6K |
|
1363
Watts Water Technologies
WTS
$12.8B
| $4.53M | 0.01% |
91,200
+1,800
| +2% | +$98.3K |
|
1364
OSI Systems
OSIS
$3.84B
| $4.52M | 0.01% |
51,000
+8,200
| +19% | +$718K |
|
|
LCI
1365
DELISTED
Lannett Company, Inc.
LCI
| $4.52M | 0.01% |
28,150
-4,900
| -15% | -$804K |
|
|
DWA
1366
DELISTED
DREAMWORKS ANIMATION SKG INC CL-A
DWA
| $4.51M | 0.01% |
175,100
| – | – |
|
1367
Provident Financial Services
PFS
$3.23B
| $4.51M | 0.01% |
223,773
-6,400
| -3% | -$130K |
|
1368
RBC Bearings
RBC
$17.5B
| $4.51M | 0.01% |
69,800
| – | – |
|
|
IBKC
1369
DELISTED
IBERIABANK Corp
IBKC
| $4.5M | 0.01% |
81,800
-1,300
| -2% | -$77.7K |
|
|
AMWD
1370
DELISTED
American Woodmark
AMWD
| $4.5M | 0.01% |
56,300
| – | – |
|
1371
TAL Education Group
TAL
$6.75B
| $4.5M | 0.01% |
580,800
+19,800
| +4% | +$135K |
|
1372
Fabrinet
FN
$18.8B
| $4.5M | 0.01% |
188,700
+26,200
| +16% | +$584K |
|
1373
Itron
ITRI
$4.52B
| $4.49M | 0.01% |
123,968
-7,100
| -5% | -$251K |
|
1374
Horace Mann Educators
HMN
$2.12B
| $4.47M | 0.01% |
134,800
-2,800
| -2% | -$95.7K |
|
|
DENN
1375
DELISTED
Denny's
DENN
| $4.47M | 0.01% |
454,600
-31,100
| -6% | -$319K |
|
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.