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 | |
|---|---|---|---|---|---|---|
1376
Insperity
NSP
$1.94B
| $4.46M | 0.01% |
185,444
-2,200
| -1% | -$49.9K |
|
|
ECHO
1377
EchoStar
ECHO
$25.6B
| $4.46M | 0.01% |
140,799
| – | – |
|
|
AAN.A
1378
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $4.46M | 0.01% |
199,300
-5,900
| -3% | -$132K |
|
1379
Columbia Banking Systems
COLB
$8.97B
| $4.46M | 0.01% |
137,200
+20,300
| +17% | +$678K |
|
|
KS
1380
DELISTED
KapStone Paper and Pack Corp.
KS
| $4.45M | 0.01% |
197,000
-6,600
| -3% | -$145K |
|
1381
Zurn Elkay Water Solutions
ZWS
$8.6B
| $4.45M | 0.01% |
509,450
| – | – |
|
1382
Kennametal
KMT
$2.3B
| $4.44M | 0.01% |
231,400
+6,700
| +3% | +$173K |
|
1383
Caesarstone
CSTE
$104M
| $4.44M | 0.01% |
102,400
| – | – |
|
1384
HEICO Corp Class A
HEI.A
$37B
| $4.43M | 0.01% |
219,971
| – | – |
|
1385
Halozyme
HALO
$11.6B
| $4.43M | 0.01% |
255,600
+23,600
| +10% | +$376K |
|
1386
Barrett Business Services
BBSI
$761M
| $4.42M | 0.01% |
406,000
+48,000
| +13% | +$530K |
|
1387
Insight Enterprises
NSIT
$4.43B
| $4.41M | 0.01% |
175,600
-1,700
| -1% | -$44.8K |
|
1388
Old National Bancorp
ONB
$10.3B
| $4.41M | 0.01% |
325,200
-9,400
| -3% | -$133K |
|
1389
First Industrial Realty Trust
FR
$8.35B
| $4.41M | 0.01% |
199,244
+1,400
| +0.7% | +$30.9K |
|
|
KING
1390
DELISTED
KING DIGITAL ENTMT PLC ORD SHS (IRL)
KING
| $4.4M | 0.01% |
246,300
+197,900
| +409% | +$3.3M |
|
|
PINC
1391
DELISTED
Premier
PINC
| $4.39M | 0.01% |
124,600
+24,700
| +25% | +$860K |
|
|
SAFM
1392
DELISTED
Sanderson Farms Inc
SAFM
| $4.39M | 0.01% |
56,600
-500
| -0.9% | -$36K |
|
|
LXFT
1393
DELISTED
Luxoft Holding, Inc.
LXFT
| $4.38M | 0.01% |
56,800
+3,300
| +6% | +$239K |
|
1394
Cable One
CABO
$192M
| $4.37M | 0.01% |
10,080
+500
| +5% | +$221K |
|
1395
KB Home
KBH
$3.54B
| $4.37M | 0.01% |
354,200
+7,400
| +2% | +$99.6K |
|
|
KW
1396
DELISTED
Kennedy-Wilson Holdings
KW
| $4.36M | 0.01% |
180,900
+1,200
| +0.7% | +$29.5K |
|
1397
MillerKnoll
MLKN
$1.62B
| $4.35M | 0.01% |
151,600
+17,100
| +13% | +$526K |
|
1398
Columbia Sportswear
COLM
$2.88B
| $4.35M | 0.01% |
89,200
-18,100
| -17% | -$927K |
|
|
FMBI
1399
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $4.32M | 0.01% |
234,600
+1,300
| +0.6% | +$24K |
|
1400
Pegasystems
PEGA
$5.44B
| $4.32M | 0.01% |
314,400
+76,800
| +32% | +$1.06M |
|
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.