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 | |
|---|---|---|---|---|---|---|
|
PSTB
2301
DELISTED
Park Sterling Corp.
PSTB
| $1.12M | ﹤0.01% |
164,864
+8,700
| +6% | +$61.8K |
|
|
IMPV
2302
DELISTED
Imperva, Inc.
IMPV
| $1.12M | ﹤0.01% |
17,100
+4,100
| +32% | +$272K |
|
|
KG
2303
Kestrel Group
KG
$66.3M
| $1.11M | ﹤0.01% |
4,015
+1,910
| +91% | +$586K |
|
2304
Installed Building Products
IBP
$6.46B
| $1.11M | ﹤0.01% |
44,000
-700
| -2% | -$18.9K |
|
2305
Tecnoglass Holdings Inc.
TGLS
$1.86B
| $1.11M | ﹤0.01% |
81,000
| – | – |
|
2306
Ennis
EBF
$556M
| $1.11M | ﹤0.01% |
63,900
-14,300
| -18% | -$241K |
|
2307
AngioDynamics
ANGO
$647M
| $1.1M | ﹤0.01% |
83,800
-2,800
| -3% | -$42.3K |
|
2308
Natural Health Trends
NHTC
$15.4M
| $1.1M | ﹤0.01% |
33,800
-13,500
| -29% | -$409K |
|
|
MITL
2309
DELISTED
Mitel Networks Corporation
MITL
| $1.1M | ﹤0.01% |
171,300
-5,841
| -3% | -$47.2K |
|
2310
Metallus
MTUS
$900M
| $1.1M | ﹤0.01% |
109,100
-3,700
| -3% | -$66.9K |
|
|
IRBT
2311
DELISTED
iRobot
IRBT
| $1.1M | ﹤0.01% |
37,800
-1,300
| -3% | -$39.5K |
|
2312
Astronics
ATRO
$4.57B
| $1.1M | ﹤0.01% |
49,641
-22,631
| -31% | -$704K |
|
2313
Bank of Marin Bancorp
BMRC
$462M
| $1.1M | ﹤0.01% |
45,800
+3,800
| +9% | +$92.1K |
|
|
CKEC
2314
DELISTED
Carmike Cinemas Inc
CKEC
| $1.09M | ﹤0.01% |
54,400
-1,800
| -3% | -$43.3K |
|
2315
Clean Energy Fuels
CLNE
$395M
| $1.09M | ﹤0.01% |
242,700
| – | – |
|
2316
Mesa Laboratories
MLAB
$631M
| $1.09M | ﹤0.01% |
9,800
| – | – |
|
|
UNTD
2317
DELISTED
UNITED ONLINE INC COM NEW
UNTD
| $1.08M | ﹤0.01% |
108,538
-19,400
| -15% | -$246K |
|
|
AFMD
2318
DELISTED
Affimed
AFMD
| $1.08M | ﹤0.01% |
17,500
| – | – |
|
|
MGI
2319
DELISTED
MoneyGram International, Inc. New
MGI
| $1.08M | ﹤0.01% |
134,700
+32,500
| +32% | +$289K |
|
2320
National Healthcare
NHC
$3.47B
| $1.08M | ﹤0.01% |
17,700
-1,500
| -8% | -$93.9K |
|
|
TSC
2321
DELISTED
TriState Capital Holdings, Inc.
TSC
| $1.07M | ﹤0.01% |
86,181
| – | – |
|
2322
Axcelis
ACLS
$4.42B
| $1.07M | ﹤0.01% |
100,500
+28,825
| +40% | +$351K |
|
2323
Acacia Research
ACTG
$449M
| $1.07M | ﹤0.01% |
117,900
-4,000
| -3% | -$36K |
|
2324
Marcus & Millichap
MMI
$1.18B
| $1.07M | ﹤0.01% |
23,239
+4,800
| +26% | +$225K |
|
|
HTLF
2325
DELISTED
Heartland Financial USA, Inc.
HTLF
| $1.07M | ﹤0.01% |
29,400
-7,600
| -21% | -$280K |
|
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.