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 |
Kraft Heinz
KHC
|
+$110M |
| 2 |
NETSCOUT
NTCT
|
+$109M |
| 3 |
PayPal
PYPL
|
+$101M |
| 4 |
Alibaba
BABA
|
+$61.5M |
| 5 |
AT&T
T
|
+$55.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$798M |
| 2 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$134M |
| 3 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$129M |
| 4 |
eBay
EBAY
|
+$115M |
| 5 |
Apple
AAPL
|
+$59.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.65% |
| 2 | Healthcare | 14.67% |
| 3 | Technology | 14.59% |
| 4 | Industrials | 10.98% |
| 5 | Consumer Discretionary | 9.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2001
Innoviva
INVA
$1.53B
| $1.75M | ﹤0.01% |
243,800
-8,300
| -3% | -$113K |
|
2002
TTEC Holdings
TTEC
$79.4M
| $1.75M | ﹤0.01% |
65,277
-5,200
| -7% | -$142K |
|
|
ITG
2003
DELISTED
Investment Technology Group Inc
ITG
| $1.75M | ﹤0.01% |
130,900
-52,400
| -29% | -$971K |
|
|
CCC
2004
DELISTED
Calgon Carbon Corp
CCC
| $1.74M | ﹤0.01% |
111,800
-3,000
| -3% | -$50.1K |
|
2005
Kopin
KOPN
$998M
| $1.74M | ﹤0.01% |
554,200
| – | – |
|
|
GTS
2006
DELISTED
Triple-S Management Corporation
GTS
| $1.74M | ﹤0.01% |
102,693
+13,454
| +15% | +$276K |
|
|
AMFW
2007
DELISTED
AMEC Foster Wheeler plc
AMFW
| $1.74M | ﹤0.01% |
159,600
-5,394
| -3% | -$66.1K |
|
|
CGI
2008
DELISTED
Celadon Group Inc
CGI
| $1.74M | ﹤0.01% |
108,300
-7,000
| -6% | -$138K |
|
2009
Arrowhead Research
ARWR
$12.3B
| $1.73M | ﹤0.01% |
300,600
-47
| -0% | -$296 |
|
|
KNL
2010
DELISTED
Knoll, Inc.
KNL
| $1.73M | ﹤0.01% |
78,750
-1,200
| -2% | -$28.7K |
|
2011
Comstock Resources
CRK
$4.1B
| $1.73M | ﹤0.01% |
181,191
+40,200
| +29% | +$446K |
|
|
ESI
2012
DELISTED
ITT EDUCATIONAL SERVICES INC
ESI
| $1.73M | ﹤0.01% |
502,894
+16,200
| +3% | +$60K |
|
2013
Silgan Holdings
SLGN
$4.45B
| $1.72M | ﹤0.01% |
66,200
+4,400
| +7% | +$116K |
|
|
NTRI
2014
DELISTED
NutriSystem, Inc.
NTRI
| $1.72M | ﹤0.01% |
64,900
-11,500
| -15% | -$314K |
|
|
GBNK
2015
DELISTED
Guaranty Bancorp
GBNK
| $1.72M | ﹤0.01% |
104,500
-2,100
| -2% | -$34K |
|
2016
Terreno Realty
TRNO
$7.46B
| $1.72M | ﹤0.01% |
87,500
| – | – |
|
2017
Winmark
WINA
$1.26B
| $1.72M | ﹤0.01% |
16,700
+3,600
| +27% | +$365K |
|
2018
Globus Medical
GMED
$11.5B
| $1.72M | ﹤0.01% |
83,100
-2,300
| -3% | -$58.3K |
|
2019
Extreme Networks
EXTR
$3.2B
| $1.71M | ﹤0.01% |
508,000
+38,500
| +8% | +$107K |
|
2020
SPX Corp
SPXC
$10.8B
| $1.71M | ﹤0.01% |
143,205
-433,404
| -75% | -$6.65M |
|
|
SZMK
2021
DELISTED
SIZMEK INC COM STK (DE)
SZMK
| $1.71M | ﹤0.01% |
284,700
| – | – |
|
2022
Phibro Animal Health
PAHC
$1.4B
| $1.7M | ﹤0.01% |
53,800
-1,400
| -3% | -$51.1K |
|
|
PAMT
2023
PAMT Corp
PAMT
$271M
| $1.7M | ﹤0.01% |
206,000
| – | – |
|
2024
Lakeland Financial Corp
LKFN
$1.56B
| $1.69M | ﹤0.01% |
56,250
+1,650
| +3% | +$46.5K |
|
2025
Tompkins Financial
TMP
$1.45B
| $1.69M | ﹤0.01% |
31,700
-3,100
| -9% | -$165K |
|
Similar funds
California Public Employees Retirement System's Q3 2015 Portfolio in Review
As of Q3 2015, California Public Employees Retirement System held 3,738 positions worth $58.9B, down 12% from $66.6B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
California Public Employees Retirement System withdrew a net $2.02B in Q3 2015, closing 89 positions and reducing 1,790 holdings. Its most notable exit was Alphabet (Google) Class C, an estimated $798M position sold in full.
By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 16% a quarter earlier, followed by Healthcare and Technology.
Against the trend, California Public Employees Retirement System opened a new position in Kraft Heinz worth $103M.
- California Public Employees Retirement System's largest Q3 2015 buy was Kraft Heinz: 1,459,670 shares worth $103M.
- California Public Employees Retirement System added most to NETSCOUT in Q3 2015, an estimated $109M increase.
- California Public Employees Retirement System's biggest Q3 2015 reduction was eBay, cutting an estimated $115M.
- California Public Employees Retirement System fully exited Alphabet (Google) Class C in Q3 2015, selling an estimated $798M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $58.9B portfolio in Q3 2015.
- California Public Employees Retirement System opened 61 new positions and closed 89 in Q3 2015.
- California Public Employees Retirement System's portfolio value fell 12% quarter-over-quarter to $58.9B.
Based on California Public Employees Retirement System's 13F filing for Q3 2015, filed 13 Nov 2015.