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 | |
|---|---|---|---|---|---|---|
2326
Vishay Precision Group
VPG
$908M
| $1.07M | ﹤0.01% |
92,000
-1,900
| -2% | -$24.1K |
|
|
KE
2327
Kimball Electronics
KE
$606M
| $1.06M | ﹤0.01% |
89,125
-2,600
| -3% | -$32.1K |
|
|
CO
2328
DELISTED
Global Cord Blood Corporation
CO
| $1.06M | ﹤0.01% |
176,500
-6,000
| -3% | -$37.3K |
|
|
SLAI
2329
DELISTED
SOLAI Ltd ADS
SLAI
| $1.06M | ﹤0.01% |
936
-31
| -3% | -$38.9K |
|
2330
1st Source
SRCE
$2.13B
| $1.06M | ﹤0.01% |
34,465
+530
| +2% | +$16.2K |
|
|
CACB
2331
DELISTED
Cascade Bancorp
CACB
| $1.06M | ﹤0.01% |
195,900
+65,190
| +50% | +$348K |
|
2332
Motorcar Parts of America
MPAA
$230M
| $1.06M | ﹤0.01% |
33,800
-1,200
| -3% | -$37K |
|
2333
Plug Power
PLUG
$3.21B
| $1.06M | ﹤0.01% |
578,700
-19,700
| -3% | -$42K |
|
|
ADXS
2334
DELISTED
Advaxis Inc
ADXS
| $1.06M | ﹤0.01% |
6,900
+993
| +17% | +$240K |
|
2335
Civeo
CVEO
$345M
| $1.06M | ﹤0.01% |
59,525
-2,633
| -4% | -$62.6K |
|
|
HTBK
2336
DELISTED
Heritage Commerce
HTBK
| $1.06M | ﹤0.01% |
93,200
| – | – |
|
2337
Covenant Logistics
CVLG
$865M
| $1.05M | ﹤0.01% |
117,400
-2,800
| -2% | -$32.8K |
|
|
ZVO
2338
DELISTED
Zovio Inc. Common Stock
ZVO
| $1.05M | ﹤0.01% |
138,471
+7,790
| +6% | +$66.6K |
|
|
VSA
2339
VisionSys AI
VSA
$10.3M
| $1.05M | ﹤0.01% |
44
| – | – |
|
|
OKSB
2340
DELISTED
Southwest Bancorp Inc/OK
OKSB
| $1.05M | ﹤0.01% |
64,000
+10,700
| +20% | +$184K |
|
2341
1-800-Flowers.com
FLWS
$262M
| $1.05M | ﹤0.01% |
114,990
| – | – |
|
|
EXXI
2342
DELISTED
ENERGY XXI LTD COM SHS
EXXI
| $1.04M | ﹤0.01% |
993,291
+405,500
| +69% | +$681K |
|
|
YDKN
2343
DELISTED
Yadkin Financial Corporation
YDKN
| $1.04M | ﹤0.01% |
48,500
-1,554
| -3% | -$33.1K |
|
|
NETI
2344
DELISTED
Eneti Inc.
NETI
| $1.04M | ﹤0.01% |
6,371
+389
| +7% | +$72.7K |
|
|
DEST
2345
DELISTED
Destination Maternity Corporation
DEST
| $1.04M | ﹤0.01% |
112,444
+7,600
| +7% | +$81.1K |
|
|
REXX
2346
DELISTED
Rex Energy Corporation
REXX
| $1.03M | ﹤0.01% |
49,900
| – | – |
|
2347
Taylor Devices
TAYD
$172M
| $1.03M | ﹤0.01% |
79,856
| – | – |
|
2348
Theravance Biopharma
TBPH
$878M
| $1.02M | ﹤0.01% |
92,900
-3,169
| -3% | -$40.4K |
|
|
AEGR
2349
DELISTED
Aegerion Pharmaceuticals
AEGR
| $1.02M | ﹤0.01% |
75,100
-41,000
| -35% | -$730K |
|
2350
Alamo Group
ALG
$2.01B
| $1.02M | ﹤0.01% |
21,800
-700
| -3% | -$35.3K |
|
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.