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 | |
|---|---|---|---|---|---|---|
1601
United Natural Foods
UNFI
$2.92B
| $3.23M | 0.01% |
82,100
| – | – |
|
1602
US Physical Therapy
USPH
$1.23B
| $3.23M | 0.01% |
60,100
| – | – |
|
|
ROIC
1603
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $3.22M | 0.01% |
180,100
-300
| -0.2% | -$5.35K |
|
|
SFLY
1604
DELISTED
Shutterfly, Inc.
SFLY
| $3.22M | 0.01% |
72,300
| – | – |
|
|
LTC
1605
LTC Properties
LTC
$2.1B
| $3.21M | 0.01% |
74,399
+700
| +0.9% | +$29.9K |
|
1606
United Fire Group
UFCS
$1.39B
| $3.21M | 0.01% |
83,800
+15,300
| +22% | +$581K |
|
1607
American States Water
AWR
$3.51B
| $3.21M | 0.01% |
76,500
| – | – |
|
1608
Renasant Corp
RNST
$3.99B
| $3.21M | 0.01% |
93,272
+16,900
| +22% | +$596K |
|
|
NPBC
1609
DELISTED
NATL PENN BANCSHARES INC
NPBC
| $3.2M | 0.01% |
259,647
-8,300
| -3% | -$102K |
|
|
MODV
1610
DELISTED
ModivCare
MODV
| $3.2M | 0.01% |
68,200
+5,400
| +9% | +$259K |
|
|
GOV
1611
DELISTED
Government Properties Income Trust
GOV
| $3.19M | 0.01% |
201,179
+9,600
| +5% | +$158K |
|
1612
MGE Energy Inc
MGEE
$3.06B
| $3.19M | 0.01% |
68,700
+200
| +0.3% | +$8.57K |
|
1613
Global Partners
GLP
$1.72B
| $3.18M | 0.01% |
181,100
-3,000
| -2% | -$78.4K |
|
1614
Nordic American Tanker
NAT
$1.4B
| $3.17M | 0.01% |
205,834
+13,508
| +7% | +$205K |
|
1615
NETGEAR
NTGR
$657M
| $3.16M | 0.01% |
75,500
-1,900
| -2% | -$76.8K |
|
|
FOLD
1616
DELISTED
Amicus Therapeutics
FOLD
| $3.16M | 0.01% |
326,100
+11,600
| +4% | +$105K |
|
|
KITE
1617
DELISTED
Kite Pharma, Inc.
KITE
| $3.16M | 0.01% |
51,300
+19,000
| +59% | +$1.34M |
|
|
VNET
1618
VNET Group
VNET
$2.14B
| $3.16M | 0.01% |
149,500
| – | – |
|
|
ANDX
1619
DELISTED
Andeavor Logistics LP
ANDX
| $3.16M | 0.01% |
62,800
-2,400
| -4% | -$122K |
|
|
DGI
1620
DELISTED
DigitalGlobe Inc.
DGI
| $3.16M | 0.01% |
201,600
+5,600
| +3% | +$98K |
|
|
SJI
1621
DELISTED
South Jersey Industries, Inc.
SJI
| $3.15M | 0.01% |
133,800
-6,300
| -4% | -$154K |
|
1622
Northwest Natural Holdings
NWN
$2.13B
| $3.14M | 0.01% |
62,100
-4,000
| -6% | -$192K |
|
|
PRFT
1623
DELISTED
Perficient Inc
PRFT
| $3.14M | 0.01% |
183,600
| – | – |
|
|
AMAG
1624
DELISTED
AMAG Pharmaceuticals
AMAG
| $3.14M | 0.01% |
104,000
-47,000
| -31% | -$1.52M |
|
|
FCH
1625
DELISTED
Felcor Lodging Trust
FCH
| $3.14M | 0.01% |
429,559
-600
| -0.1% | -$4.68K |
|
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.