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 | |
|---|---|---|---|---|---|---|
|
EEQ
1776
DELISTED
Enbridge Energy Management Llc
EEQ
| $2.57M | ﹤0.01% |
155,007
-1,885
| -1% | -$34.2K |
|
1777
Innoviva
INVA
$1.5B
| $2.57M | ﹤0.01% |
243,800
| – | – |
|
|
INVN
1778
DELISTED
Invensense Inc
INVN
| $2.57M | ﹤0.01% |
251,100
+28,900
| +13% | +$320K |
|
1779
Rambus
RMBS
$10.8B
| $2.56M | ﹤0.01% |
221,000
+9,100
| +4% | +$105K |
|
1780
International Bancshares
IBOC
$4.57B
| $2.55M | ﹤0.01% |
99,380
-6,300
| -6% | -$173K |
|
1781
Alaunos Therapeutics
TCRT
$4.86M
| $2.55M | ﹤0.01% |
2,049
+1,742
| +567% | +$2.88M |
|
|
DCOM
1782
DELISTED
Dime Community Bancshares
DCOM
| $2.55M | ﹤0.01% |
145,619
-2,200
| -1% | -$39.1K |
|
1783
Compass Diversified
CODI
$924M
| $2.54M | ﹤0.01% |
159,900
| – | – |
|
|
BITA
1784
DELISTED
Bitauto Holdings Limited
BITA
| $2.54M | ﹤0.01% |
89,800
+16,500
| +23% | +$485K |
|
1785
TETRA Technologies
TTI
$1.25B
| $2.54M | ﹤0.01% |
337,500
-13,000
| -4% | -$101K |
|
|
CMO
1786
DELISTED
Capstead Mortgage Corp.
CMO
| $2.54M | ﹤0.01% |
290,300
+10,500
| +4% | +$101K |
|
1787
BJ's Restaurants
BJRI
$1.42B
| $2.53M | ﹤0.01% |
58,300
+3,000
| +5% | +$131K |
|
|
KAMN
1788
DELISTED
Kaman Corp
KAMN
| $2.53M | ﹤0.01% |
62,100
+800
| +1% | +$31.4K |
|
1789
Rogers Corp
ROG
$2.46B
| $2.53M | ﹤0.01% |
49,000
| – | – |
|
|
MEG
1790
DELISTED
Media General, Inc
MEG
| $2.53M | ﹤0.01% |
156,443
| – | – |
|
|
RJET
1791
DELISTED
REPUBLIC AWYS HLDGS INC
RJET
| $2.52M | ﹤0.01% |
642,500
+90,700
| +16% | +$450K |
|
|
YDKN
1792
DELISTED
Yadkin Financial Corporation
YDKN
| $2.5M | ﹤0.01% |
99,500
+51,000
| +105% | +$1.24M |
|
|
FOE
1793
DELISTED
Ferro Corporation
FOE
| $2.49M | ﹤0.01% |
224,100
-1,000
| -0.4% | -$11.9K |
|
1794
Oaktree Specialty Lending
OCSL
$1.15B
| $2.49M | ﹤0.01% |
130,133
-3,654
| -3% | -$67.5K |
|
1795
Mercury Systems
MRCY
$6.59B
| $2.48M | ﹤0.01% |
135,196
+20,500
| +18% | +$371K |
|
1796
Unifirst Corp
UNF
$5.21B
| $2.48M | ﹤0.01% |
23,800
| – | – |
|
|
EQM
1797
DELISTED
EQM Midstream Partners, LP
EQM
| $2.48M | ﹤0.01% |
32,800
| – | – |
|
|
CCEC
1798
Capital Clean Energy Carriers
CCEC
$1.36B
| $2.47M | ﹤0.01% |
64,020
| – | – |
|
|
ECC
1799
Eagle Point Credit Company
ECC
$512M
| $2.47M | ﹤0.01% |
150,000
| – | – |
|
|
NFBK
1800
DELISTED
Northfield Bancorp
NFBK
| $2.47M | ﹤0.01% |
155,100
| – | – |
|
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.