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 | |
|---|---|---|---|---|---|---|
2351
Omeros
OMER
$976M
| $1.05M | ﹤0.01% |
66,600
| – | – |
|
2352
ANI Pharmaceuticals
ANIP
$1.68B
| $1.05M | ﹤0.01% |
23,200
-18,200
| -44% | -$783K |
|
2353
German American Bancorp
GABC
$1.89B
| $1.05M | ﹤0.01% |
47,100
-600
| -1% | -$12.9K |
|
2354
Titan International
TWI
$450M
| $1.04M | ﹤0.01% |
264,900
+61,300
| +30% | +$336K |
|
|
LL
2355
DELISTED
LL Flooring Holdings, Inc.
LL
| $1.04M | ﹤0.01% |
60,100
| – | – |
|
|
ADXS
2356
DELISTED
Advaxis Inc
ADXS
| $1.04M | ﹤0.01% |
6,900
| – | – |
|
|
ACAS
2357
DELISTED
American Capital Ltd
ACAS
| $1.04M | ﹤0.01% |
75,500
+38,900
| +106% | +$532K |
|
|
SZMK
2358
DELISTED
SIZMEK INC COM STK (DE)
SZMK
| $1.04M | ﹤0.01% |
284,700
| – | – |
|
|
CNBKA
2359
DELISTED
Century Bancorp Inc/Mass
CNBKA
| $1.04M | ﹤0.01% |
23,852
| – | – |
|
|
AHRT
2360
AH Realty Trust
AHRT
$499M
| $1.03M | ﹤0.01% |
98,600
+36,000
| +58% | +$384K |
|
2361
QuinStreet
QNST
$1.18B
| $1.03M | ﹤0.01% |
240,500
| – | – |
|
|
INFO
2362
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $1.03M | ﹤0.01% |
+34,200
| New | +$1.02M |
|
|
ZEN
2363
DELISTED
ZENDESK INC
ZEN
| $1.03M | ﹤0.01% |
39,000
| – | – |
|
2364
Travelzoo
TZOO
$75M
| $1.03M | ﹤0.01% |
123,000
+8,000
| +7% | +$70.4K |
|
|
CLVS
2365
DELISTED
Clovis Oncology, Inc.
CLVS
| $1.03M | ﹤0.01% |
29,400
-6,500
| -18% | -$419K |
|
2366
Spok Holdings
SPOK
$234M
| $1.03M | ﹤0.01% |
56,100
+2,000
| +4% | +$35.4K |
|
|
AMFW
2367
DELISTED
AMEC Foster Wheeler plc
AMFW
| $1.03M | ﹤0.01% |
159,600
| – | – |
|
|
XXIA
2368
DELISTED
Ixia
XXIA
| $1.03M | ﹤0.01% |
82,600
-20,300
| -20% | -$278K |
|
2369
Lifecore Biomedical
LFCR
$183M
| $1.03M | ﹤0.01% |
86,700
| – | – |
|
|
MRLN
2370
DELISTED
Marlin Business Services Corp
MRLN
| $1.03M | ﹤0.01% |
63,900
| – | – |
|
2371
Movado Group
MOV
$804M
| $1.02M | ﹤0.01% |
39,800
+4,600
| +13% | +$120K |
|
2372
Qualys
QLYS
$6.42B
| $1.02M | ﹤0.01% |
30,900
+15,900
| +106% | +$561K |
|
2373
Digi International
DGII
$3.22B
| $1.02M | ﹤0.01% |
89,736
+31,900
| +55% | +$391K |
|
2374
PhenixFIN
PFX
$88.9M
| $1.02M | ﹤0.01% |
6,785
| – | – |
|
|
MCHB
2375
Mechanics Bancorp
MCHB
$3.77B
| $1.02M | ﹤0.01% |
46,900
-3,400
| -7% | -$74.4K |
|
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.