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 | |
|---|---|---|---|---|---|---|
2101
A10 Networks
ATEN
$1.98B
| $1.52M | ﹤0.01% |
253,300
-8,600
| -3% | -$54.2K |
|
|
FUR
2102
DELISTED
WINTHROP REALTY TRUST SHS BENE INT (NEW)
FUR
| $1.52M | ﹤0.01% |
105,583
-5,500
| -5% | -$80.6K |
|
|
SBR
2103
Sabine Royalty Trust
SBR
$1.07B
| $1.51M | ﹤0.01% |
49,507
| – | – |
|
|
ESPR
2104
DELISTED
Esperion Therapeutics
ESPR
| $1.51M | ﹤0.01% |
64,100
| – | – |
|
2105
MaxLinear
MXL
$7.53B
| $1.51M | ﹤0.01% |
121,400
-4,110
| -3% | -$45.3K |
|
2106
Gorman-Rupp
GRC
$2.12B
| $1.51M | ﹤0.01% |
62,868
-1,850
| -3% | -$45.8K |
|
|
TOO
2107
DELISTED
Teekay Offshore Partners L.P.
TOO
| $1.5M | ﹤0.01% |
104,300
| – | – |
|
|
NPKI
2108
NPK International
NPKI
$1.2B
| $1.5M | ﹤0.01% |
292,900
+29,800
| +11% | +$204K |
|
2109
Materion
MTRN
$5.9B
| $1.5M | ﹤0.01% |
49,800
-1,100
| -2% | -$35.1K |
|
|
REMY
2110
DELISTED
REMY INTL INC NEW COMMON
REMY
| $1.5M | ﹤0.01% |
51,100
+2,470
| +5% | +$70.3K |
|
2111
Independent Bank
INDB
$4.07B
| $1.49M | ﹤0.01% |
32,400
-2,367
| -7% | -$111K |
|
|
CKP
2112
DELISTED
CHECKPOINT SYSTEMS INC
CKP
| $1.49M | ﹤0.01% |
205,900
+2,300
| +1% | +$19.2K |
|
|
XXIA
2113
DELISTED
Ixia
XXIA
| $1.49M | ﹤0.01% |
102,900
+26,100
| +34% | +$372K |
|
|
RGLS
2114
DELISTED
Regulus Therapeutics
RGLS
| $1.49M | ﹤0.01% |
1,897
+1,500
| +378% | +$1.54M |
|
|
INN
2115
Summit Hotel Properties
INN
$656M
| $1.49M | ﹤0.01% |
127,510
| – | – |
|
|
CARB
2116
DELISTED
Carbonite Inc
CARB
| $1.49M | ﹤0.01% |
133,708
-3,000
| -2% | -$34.5K |
|
|
ARRY
2117
DELISTED
Array Biopharma Inc
ARRY
| $1.48M | ﹤0.01% |
325,500
| – | – |
|
|
CSFL
2118
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $1.48M | ﹤0.01% |
100,900
+61,200
| +154% | +$856K |
|
|
ZU
2119
DELISTED
ZULILY INC CLASS A COMMON STOCK
ZU
| $1.48M | ﹤0.01% |
85,100
| – | – |
|
2120
Columbus McKinnon
CMCO
$550M
| $1.47M | ﹤0.01% |
81,100
-2,000
| -2% | -$41.9K |
|
|
LOCK
2121
DELISTED
LifeLock, Inc.
LOCK
| $1.47M | ﹤0.01% |
168,100
-45,600
| -21% | -$450K |
|
|
GTT
2122
DELISTED
GTT Communications, Inc.
GTT
| $1.47M | ﹤0.01% |
63,200
+30,300
| +92% | +$708K |
|
2123
Exelixis
EXEL
$12.6B
| $1.46M | ﹤0.01% |
260,300
+65,800
| +34% | +$358K |
|
|
CCRN
2124
DELISTED
Cross Country Healthcare
CCRN
| $1.46M | ﹤0.01% |
107,200
+54,300
| +103% | +$738K |
|
2125
SCYNEXIS
SCYX
$52.2M
| $1.46M | ﹤0.01% |
2,500
| – | – |
|
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.