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 | |
|---|---|---|---|---|---|---|
|
AD
1401
Array Digital Infrastructure
AD
$3.01B
| $4.32M | 0.01% |
105,855
+4,100
| +4% | +$164K |
|
|
BID
1402
DELISTED
Sotheby's
BID
| $4.32M | 0.01% |
167,700
+13,700
| +9% | +$415K |
|
1403
Upbound Group
UPBD
$1.11B
| $4.31M | 0.01% |
287,771
+31,000
| +12% | +$592K |
|
|
OAK
1404
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
| $4.29M | 0.01% |
89,900
| – | – |
|
1405
Interface
TILE
$2.24B
| $4.29M | 0.01% |
223,900
-15,000
| -6% | -$310K |
|
1406
Pricesmart
PSMT
$5.33B
| $4.28M | 0.01% |
51,600
| – | – |
|
1407
AMERISAFE
AMSF
$519M
| $4.28M | 0.01% |
84,000
+8,400
| +11% | +$441K |
|
1408
Scorpio Tankers
STNG
$3.72B
| $4.27M | 0.01% |
53,260
+10
| +0% | +$888 |
|
|
AGR
1409
DELISTED
Avangrid, Inc.
AGR
| $4.27M | 0.01% |
+111,099
| New | +$4.04M |
|
|
DCH
1410
Dauch Corp
DCH
$1.64B
| $4.25M | 0.01% |
224,200
| – | – |
|
1411
Five Below
FIVE
$13B
| $4.23M | 0.01% |
131,900
+4,000
| +3% | +$128K |
|
|
ITCI
1412
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $4.23M | 0.01% |
78,700
+65,700
| +505% | +$3.31M |
|
1413
Healthcare Realty
HR
$6.56B
| $4.23M | 0.01% |
156,900
-14,200
| -8% | -$366K |
|
1414
Power Integrations
POWI
$3.54B
| $4.23M | 0.01% |
174,000
+1,800
| +1% | +$43.8K |
|
|
NSR
1415
DELISTED
Neustar Inc
NSR
| $4.23M | 0.01% |
176,500
+1,800
| +1% | +$46.5K |
|
1416
Mueller Industries
MLI
$15.1B
| $4.23M | 0.01% |
624,000
| – | – |
|
|
EDR
1417
DELISTED
Education Realty Trust Inc
EDR
| $4.22M | 0.01% |
111,466
-2,800
| -2% | -$100K |
|
|
TIVO
1418
DELISTED
Tivo Inc
TIVO
| $4.21M | 0.01% |
252,835
| – | – |
|
1419
Korn Ferry
KFY
$4.25B
| $4.2M | 0.01% |
126,500
+14,300
| +13% | +$502K |
|
1420
Werner Enterprises
WERN
$2.18B
| $4.19M | 0.01% |
179,200
+3,900
| +2% | +$101K |
|
1421
Quaker Houghton
KWR
$2.94B
| $4.17M | 0.01% |
54,000
| – | – |
|
|
QLGC
1422
DELISTED
QLOGIC CORP
QLGC
| $4.17M | 0.01% |
341,862
-9,700
| -3% | -$118K |
|
1423
Carpenter Technology
CRS
$26.7B
| $4.17M | 0.01% |
137,600
+4,200
| +3% | +$139K |
|
1424
ICU Medical
ICUI
$4.55B
| $4.16M | 0.01% |
36,900
| – | – |
|
1425
Emergent Biosolutions
EBS
$228M
| $4.16M | 0.01% |
104,000
+5,000
| +5% | +$174K |
|
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.