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 | |
|---|---|---|---|---|---|---|
2401
Ambarella
AMBA
$3.64B
| $975K | ﹤0.01% |
17,500
+900
| +5% | +$50.7K |
|
2402
Mesa Laboratories
MLAB
$622M
| $975K | ﹤0.01% |
9,800
| – | – |
|
|
HIVE
2403
DELISTED
Aerohive Networks
HIVE
| $975K | ﹤0.01% |
190,900
| – | – |
|
|
ENOC
2404
DELISTED
EnerNOC, Inc.
ENOC
| $973K | ﹤0.01% |
252,600
+48,300
| +24% | +$283K |
|
|
YDKG
2405
Yueda Digital Holding
YDKG
$6.25M
| $970K | ﹤0.01% |
87
| – | – |
|
2406
Westwood Holdings Group
WHG
$182M
| $969K | ﹤0.01% |
18,600
| – | – |
|
|
DMC
2407
Del Monte Corp
DMC
$1.45B
| $968K | ﹤0.01% |
24,900
+7,100
| +40% | +$301K |
|
|
INN
2408
Summit Hotel Properties
INN
$651M
| $968K | ﹤0.01% |
81,010
-46,500
| -36% | -$593K |
|
2409
Cheniere Energy
CQP
$32.2B
| $967K | ﹤0.01% |
37,100
| – | – |
|
|
BBOX
2410
DELISTED
Black Box Corp
BBOX
| $964K | ﹤0.01% |
101,200
+6,400
| +7% | +$78.7K |
|
2411
Vaalco Energy
EGY
$609M
| $963K | ﹤0.01% |
602,127
+31,600
| +6% | +$59K |
|
|
SMRT
2412
DELISTED
Stein Mart Inc
SMRT
| $958K | ﹤0.01% |
142,400
+19,100
| +15% | +$152K |
|
2413
Astronics
ATRO
$3.7B
| $957K | ﹤0.01% |
37,295
-12,346
| -25% | -$296K |
|
|
CJES
2414
DELISTED
C&J ENERGY SVCS LTD
CJES
| $957K | ﹤0.01% |
201,000
| – | – |
|
|
FGL
2415
DELISTED
Fidelity & Guaranty Life
FGL
| $956K | ﹤0.01% |
37,700
+7,400
| +24% | +$193K |
|
|
NOAH
2416
Noah Holdings
NOAH
$591M
| $955K | ﹤0.01% |
34,200
| – | – |
|
2417
AtriCure
ATRC
$2.18B
| $954K | ﹤0.01% |
42,500
-19,600
| -32% | -$404K |
|
|
CMCM
2418
Cheetah Mobile
CMCM
$98.1M
| $953K | ﹤0.01% |
11,900
| – | – |
|
2419
Utah Medical Products
UTMD
$229M
| $951K | ﹤0.01% |
16,250
| – | – |
|
2420
Radware
RDWR
$1.2B
| $948K | ﹤0.01% |
61,800
-40,800
| -40% | -$622K |
|
2421
Monarch Casino & Resort
MCRI
$2.19B
| $947K | ﹤0.01% |
41,700
| – | – |
|
|
RSE
2422
DELISTED
ROUSE PPTYS INC COM (DE)
RSE
| $946K | ﹤0.01% |
64,985
| – | – |
|
2423
Miller Industries
MLR
$620M
| $945K | ﹤0.01% |
43,400
-500
| -1% | -$10.9K |
|
2424
Usana Health Sciences
USNA
$254M
| $945K | ﹤0.01% |
14,800
-12,800
| -46% | -$830K |
|
2425
Rayonier Advanced Materials
RYAM
$590M
| $943K | ﹤0.01% |
96,300
| – | – |
|
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.