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 | |
|---|---|---|---|---|---|---|
|
NCI
1676
DELISTED
Navigant Consulting, Inc.
NCI
| $2.94M | ﹤0.01% |
183,310
+4,900
| +3% | +$83.7K |
|
1677
First Commonwealth Financial
FCF
$2.19B
| $2.94M | ﹤0.01% |
324,476
| – | – |
|
|
TSL
1678
DELISTED
Trina Solar Limited
TSL
| $2.94M | ﹤0.01% |
266,600
| – | – |
|
|
AREX
1679
DELISTED
Approach Resources Inc.
AREX
| $2.94M | ﹤0.01% |
1,596,100
| – | – |
|
|
RUTH
1680
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $2.93M | ﹤0.01% |
184,292
-21,200
| -10% | -$346K |
|
|
AIG.WS
1681
DELISTED
American International Group, Inc.
AIG.WS
| $2.92M | ﹤0.01% |
123,100
| – | – |
|
|
SHLM
1682
DELISTED
Schulman (A.) Inc
SHLM
| $2.92M | ﹤0.01% |
95,477
+2,100
| +2% | +$70.8K |
|
1683
Dine Brands
DIN
$440M
| $2.91M | ﹤0.01% |
34,400
+400
| +1% | +$34.3K |
|
1684
Eagle Bancorp
EGBN
$877M
| $2.91M | ﹤0.01% |
57,690
-1,029
| -2% | -$51.6K |
|
1685
Nelnet
NNI
$4.55B
| $2.9M | ﹤0.01% |
86,400
| – | – |
|
|
CIVI
1686
DELISTED
Civitas Solutions, Inc.
CIVI
| $2.89M | ﹤0.01% |
+100,500
| New | +$2.62M |
|
|
PTLA
1687
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $2.88M | ﹤0.01% |
56,000
+8,200
| +17% | +$398K |
|
|
FFIC
1688
DELISTED
Flushing Financial
FFIC
| $2.88M | ﹤0.01% |
132,945
-1,000
| -0.7% | -$21.5K |
|
|
JOBS
1689
DELISTED
51job Inc
JOBS
| $2.88M | ﹤0.01% |
97,600
+10,400
| +12% | +$325K |
|
|
DHIL
1690
DELISTED
Diamond Hill
DHIL
| $2.87M | ﹤0.01% |
15,200
+500
| +3% | +$100K |
|
|
DYN
1691
DELISTED
Dynegy, Inc.
DYN
| $2.87M | ﹤0.01% |
214,419
+10,800
| +5% | +$185K |
|
1692
ABM Industries
ABM
$2.82B
| $2.87M | ﹤0.01% |
100,800
-13,700
| -12% | -$394K |
|
1693
Mine Safety
MSA
$7.32B
| $2.87M | ﹤0.01% |
65,988
-2,700
| -4% | -$118K |
|
|
BSFT
1694
DELISTED
BroadSoft, Inc.
BSFT
| $2.86M | ﹤0.01% |
80,800
| – | – |
|
1695
Agios Pharmaceuticals
AGIO
$2B
| $2.85M | ﹤0.01% |
43,900
-5,500
| -11% | -$361K |
|
1696
Omnicell
OMCL
$1.72B
| $2.85M | ﹤0.01% |
91,600
-36,988
| -29% | -$1.09M |
|
1697
Liberty Broadband Class A
LBRDA
$5.29B
| $2.84M | ﹤0.01% |
55,000
| – | – |
|
|
BLD
1698
DELISTED
TopBuild
BLD
| $2.84M | ﹤0.01% |
92,277
-2,100
| -2% | -$63K |
|
|
PNX
1699
DELISTED
PHOENIX COMPANIES INC. NEW
PNX
| $2.84M | ﹤0.01% |
76,605
+5,400
| +8% | +$188K |
|
1700
Stepan Co
SCL
$1.48B
| $2.83M | ﹤0.01% |
56,900
-300
| -0.5% | -$15K |
|
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.