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 | |
|---|---|---|---|---|---|---|
1626
Main Street Capital
MAIN
$5.54B
| $3.13M | 0.01% |
107,700
+1,000
| +0.9% | +$30K |
|
|
AAWW
1627
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $3.13M | ﹤0.01% |
75,700
+3,400
| +5% | +$138K |
|
|
BNCN
1628
DELISTED
BNC Bancorp
BNCN
| $3.12M | ﹤0.01% |
122,919
+38,300
| +45% | +$926K |
|
1629
SouthState Bank Corp
SSB
$10.8B
| $3.12M | ﹤0.01% |
43,300
-400
| -0.9% | -$30.4K |
|
1630
United Parks & Resorts
PRKS
$2.04B
| $3.11M | ﹤0.01% |
158,100
-13,500
| -8% | -$251K |
|
|
ACET
1631
DELISTED
Aceto Corp
ACET
| $3.1M | ﹤0.01% |
115,000
+22,700
| +25% | +$637K |
|
1632
Dynagas LNG Partners
DLNG
$138M
| $3.1M | ﹤0.01% |
319,400
+6,240
| +2% | +$78.4K |
|
1633
California Water Service
CWT
$3.1B
| $3.09M | ﹤0.01% |
132,979
-7,200
| -5% | -$164K |
|
1634
Scansource
SCSC
$1.06B
| $3.09M | ﹤0.01% |
96,000
+500
| +0.5% | +$18.5K |
|
1635
MidCap Financial Investment
MFIC
$811M
| $3.09M | ﹤0.01% |
197,400
-1,800
| -0.9% | -$30.8K |
|
1636
Resources Connection
RGP
$145M
| $3.09M | ﹤0.01% |
188,885
-2,700
| -1% | -$47.2K |
|
1637
Greif
GEF
$5.03B
| $3.08M | ﹤0.01% |
100,091
+1,400
| +1% | +$46.3K |
|
1638
Lumentum
LITE
$78B
| $3.08M | ﹤0.01% |
139,920
-1,100
| -0.8% | -$19.6K |
|
1639
National CineMedia
NCMI
$252M
| $3.08M | ﹤0.01% |
19,592
+340
| +2% | +$50.4K |
|
|
CSH
1640
DELISTED
CASH AMERICA INTERNATIONAL INC
CSH
| $3.08M | ﹤0.01% |
102,737
-1,600
| -2% | -$49.8K |
|
1641
Wabash National
WNC
$509M
| $3.08M | ﹤0.01% |
259,900
+6,200
| +2% | +$73.3K |
|
|
ONIT
1642
Onity Group
ONIT
$330M
| $3.07M | ﹤0.01% |
29,407
+2,754
| +10% | +$288K |
|
1643
Haemonetics
HAE
$4.11B
| $3.07M | ﹤0.01% |
95,300
-7,700
| -7% | -$250K |
|
1644
Liberty Latin America Class C
LILAK
$1.65B
| $3.07M | ﹤0.01% |
83,412
-818
| -1% | -$26.7K |
|
1645
Darling Ingredients
DAR
$10.4B
| $3.06M | ﹤0.01% |
291,100
| – | – |
|
1646
Ironwood Pharmaceuticals
IRWD
$674M
| $3.05M | ﹤0.01% |
314,380
| – | – |
|
1647
Babcock & Wilcox
BW
$1.39B
| $3.05M | ﹤0.01% |
14,620
-340
| -2% | -$62K |
|
|
USCR
1648
DELISTED
U S Concrete, Inc.
USCR
| $3.04M | ﹤0.01% |
57,800
+5,900
| +11% | +$328K |
|
1649
B&G Foods
BGS
$299M
| $3.04M | ﹤0.01% |
86,900
| – | – |
|
|
CTCT
1650
DELISTED
CONSTANT CONTACT, INC COM
CTCT
| $3.04M | ﹤0.01% |
104,000
+2,700
| +3% | +$77.9K |
|
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.