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 | |
|---|---|---|---|---|---|---|
|
PNK
1501
DELISTED
Pinnacle Entertainment Inc.
PNK
| $3.71M | 0.01% |
119,256
+8,000
| +7% | +$269K |
|
1502
Trustmark
TRMK
$2.78B
| $3.71M | 0.01% |
160,982
+1,800
| +1% | +$43.6K |
|
|
SAFE
1503
Safehold
SAFE
$1.08B
| $3.7M | 0.01% |
64,834
+1,849
| +3% | +$113K |
|
1504
Knowles
KN
$3.29B
| $3.7M | 0.01% |
277,606
| – | – |
|
|
KNGT
1505
DELISTED
KNIGHT TRANSPORTATION INC
KNGT
| $3.7M | 0.01% |
152,600
| – | – |
|
1506
RPC Inc
RES
$1.4B
| $3.7M | 0.01% |
309,300
+1,700
| +0.6% | +$20.4K |
|
1507
Cogent Communications
CCOI
$554M
| $3.69M | 0.01% |
106,500
| – | – |
|
|
MWW
1508
DELISTED
Monster Worldwide Inc
MWW
| $3.69M | 0.01% |
643,996
-40,100
| -6% | -$259K |
|
1509
Huron Consulting
HURN
$2.43B
| $3.69M | 0.01% |
62,100
| – | – |
|
|
DMND
1510
DELISTED
DIAMOND FOODS, INC.
DMND
| $3.69M | 0.01% |
95,597
+11,900
| +14% | +$450K |
|
|
TOWR
1511
DELISTED
Tower International, Inc.
TOWR
| $3.68M | 0.01% |
128,900
-2,000
| -2% | -$56.1K |
|
|
OUTR
1512
DELISTED
OUTERWALL INC
OUTR
| $3.67M | 0.01% |
100,507
+900
| +0.9% | +$50.2K |
|
1513
PENN Entertainment
PENN
$2.57B
| $3.66M | 0.01% |
228,600
-19,700
| -8% | -$332K |
|
|
SNBR
1514
DELISTED
Sleep Number
SNBR
| $3.66M | 0.01% |
171,000
-17,900
| -9% | -$410K |
|
|
ALEX
1515
DELISTED
Alexander & Baldwin
ALEX
| $3.65M | 0.01% |
103,500
+3,900
| +4% | +$143K |
|
|
CEMP
1516
DELISTED
Cempra, Inc.
CEMP
| $3.65M | 0.01% |
117,200
+95,000
| +428% | +$2.64M |
|
1517
LCI Industries
LCII
$2.61B
| $3.65M | 0.01% |
59,900
| – | – |
|
1518
Puma Biotechnology
PBYI
$453M
| $3.65M | 0.01% |
46,500
| – | – |
|
|
MSGN
1519
DELISTED
MSG Networks Inc.
MSGN
| $3.63M | 0.01% |
+174,466
| New | +$3.55M |
|
|
FINL
1520
DELISTED
Finish Line
FINL
| $3.63M | 0.01% |
200,559
+5,200
| +3% | +$92.5K |
|
|
WAGE
1521
DELISTED
WageWorks, Inc.
WAGE
| $3.62M | 0.01% |
79,800
| – | – |
|
|
B
1522
DELISTED
Barnes Group Inc.
B
| $3.62M | 0.01% |
102,200
+900
| +0.9% | +$33.6K |
|
|
WEB
1523
DELISTED
Web.com Group, Inc.
WEB
| $3.62M | 0.01% |
180,700
| – | – |
|
1524
Enpro
NPO
$7.12B
| $3.61M | 0.01% |
82,300
| – | – |
|
1525
Adtran
ADTN
$632M
| $3.6M | 0.01% |
209,200
+6,600
| +3% | +$105K |
|
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.