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 | |
|---|---|---|---|---|---|---|
|
FPO
2076
DELISTED
First Potomac Realty Trust
FPO
| $1.57M | ﹤0.01% |
142,626
+8,800
| +7% | +$96.4K |
|
|
NXTM
2077
DELISTED
NxStage Medical Inc.
NXTM
| $1.57M | ﹤0.01% |
99,300
-3,200
| -3% | -$51.3K |
|
|
LNW
2078
DELISTED
Light & Wonder
LNW
| $1.56M | ﹤0.01% |
149,562
-6,100
| -4% | -$79.9K |
|
2079
ReWalk Robotics
LFWD
$21.2M
| $1.56M | ﹤0.01% |
98
| – | – |
|
|
AUD
2080
DELISTED
Audacy, Inc.
AUD
| $1.56M | ﹤0.01% |
153,700
-5,200
| -3% | -$55.1K |
|
2081
Cavco Industries
CVCO
$4.67B
| $1.56M | ﹤0.01% |
22,900
+4,200
| +22% | +$305K |
|
|
AKS
2082
DELISTED
AK Steel Holding Corp
AKS
| $1.56M | ﹤0.01% |
646,908
+27,400
| +4% | +$79.7K |
|
|
AFFX
2083
DELISTED
Affymetrix Inc
AFFX
| $1.56M | ﹤0.01% |
182,500
-80,900
| -31% | -$809K |
|
|
RLD
2084
DELISTED
REALD INC COM STK
RLD
| $1.56M | ﹤0.01% |
162,100
+24,500
| +18% | +$265K |
|
2085
Seacoast Banking Corp of Florida
SBCF
$3.49B
| $1.55M | ﹤0.01% |
105,800
+21,260
| +25% | +$326K |
|
|
PGTI
2086
DELISTED
PGT, Inc.
PGTI
| $1.55M | ﹤0.01% |
126,500
-2,500
| -2% | -$34.6K |
|
2087
Marten Transport
MRTN
$1.24B
| $1.55M | ﹤0.01% |
239,750
-7,000
| -3% | -$53.3K |
|
2088
World Acceptance Corp
WRLD
$896M
| $1.55M | ﹤0.01% |
57,800
+10,600
| +22% | +$451K |
|
2089
Comtech Telecommunications
CMTL
$53M
| $1.55M | ﹤0.01% |
75,195
-1,300
| -2% | -$35.6K |
|
|
ELGX
2090
DELISTED
Endologix Inc
ELGX
| $1.54M | ﹤0.01% |
12,590
-410
| -3% | -$55.7K |
|
|
RDEN
2091
DELISTED
ELIZABETH ARDEN INC
RDEN
| $1.54M | ﹤0.01% |
132,100
+16,100
| +14% | +$176K |
|
2092
China Yuchai International
CYD
$1.69B
| $1.54M | ﹤0.01% |
124,300
-3,300
| -3% | -$48.2K |
|
|
SAAS
2093
DELISTED
inContact, Inc.
SAAS
| $1.54M | ﹤0.01% |
204,600
-7,000
| -3% | -$57.8K |
|
|
SBY
2094
DELISTED
Silver Bay Realty Trust Corp.
SBY
| $1.53M | ﹤0.01% |
95,600
+2,700
| +3% | +$43.9K |
|
2095
Heritage Financial
HFWA
$1.22B
| $1.53M | ﹤0.01% |
81,300
-3,700
| -4% | -$66.9K |
|
2096
MediWound
MDWD
$173M
| $1.52M | ﹤0.01% |
28,557
| – | – |
|
|
NXGN
2097
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $1.52M | ﹤0.01% |
122,200
-4,200
| -3% | -$57.7K |
|
2098
Supernus Pharmaceuticals
SUPN
$2.78B
| $1.52M | ﹤0.01% |
108,400
+16,400
| +18% | +$305K |
|
2099
Federal Agricultural Mortgage
AGM
$2.51B
| $1.52M | ﹤0.01% |
58,600
-2,000
| -3% | -$52.8K |
|
|
METR
2100
DELISTED
METRO BANCORP, INC COMMON STOCK
METR
| $1.52M | ﹤0.01% |
51,700
+1,400
| +3% | +$39.2K |
|
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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.