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 | 16.45% |
| 2 | Technology | 14.25% |
| 3 | Healthcare | 14.19% |
| 4 | Industrials | 10.86% |
| 5 | Consumer Discretionary | 9.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AIV
651
Aimco
AIV
$378M
| $14.9M | 0.03% |
3,018,283
| – | – |
|
652
NewMarket
NEU
$8.39B
| $14.8M | 0.03% |
41,500
-7,200
| -15% | -$2.92M |
|
653
Raymond James Financial
RJF
$34.4B
| $14.8M | 0.03% |
447,783
-25,350
| -5% | -$940K |
|
654
Kilroy Realty
KRC
$4.31B
| $14.7M | 0.03% |
226,179
+1,500
| +0.7% | +$103K |
|
655
Essential Utilities
WTRG
$11.3B
| $14.7M | 0.03% |
555,350
+2,200
| +0.4% | +$56.3K |
|
656
Jefferies Financial Group
JEF
$12.8B
| $14.7M | 0.02% |
808,466
-23,906
| -3% | -$480K |
|
|
PDCO
657
DELISTED
Patterson Companies, Inc.
PDCO
| $14.6M | 0.02% |
338,618
-200
| -0.1% | -$9.54K |
|
658
Jabil
JBL
$35.9B
| $14.6M | 0.02% |
654,315
-31,600
| -5% | -$628K |
|
659
Oneok
OKE
$56.6B
| $14.6M | 0.02% |
453,600
| – | – |
|
660
Sensata Technologies
ST
$6.76B
| $14.6M | 0.02% |
329,400
-63,400
| -16% | -$3.06M |
|
|
TGNA
661
DELISTED
TEGNA Inc
TGNA
| $14.5M | 0.02% |
1,010,469
-72,500
| -7% | -$1.23M |
|
|
MWE
662
DELISTED
MARKWEST ENERGY PARTNERS, LP
MWE
| $14.4M | 0.02% |
336,760
| – | – |
|
663
UGI
UGI
$7.26B
| $14.4M | 0.02% |
413,603
-83,449
| -17% | -$2.91M |
|
664
Wolfspeed
WOLF
$1.55B
| $14.4M | 0.02% |
592,756
+253,600
| +75% | +$6.48M |
|
|
WCG
665
DELISTED
Wellcare Health Plans, Inc.
WCG
| $14.3M | 0.02% |
165,646
-4,400
| -3% | -$386K |
|
|
CPN
666
DELISTED
Calpine Corporation
CPN
| $14.2M | 0.02% |
975,240
-45,000
| -4% | -$739K |
|
|
CPGX
667
DELISTED
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
| $14.2M | 0.02% |
+778,175
| New | +$20.3M |
|
|
ENH
668
DELISTED
Endurance Specialty Holdings Ltd
ENH
| $14.1M | 0.02% |
231,418
+67,042
| +41% | +$4.37M |
|
669
Old Dominion Freight Line
ODFL
$44.3B
| $14.1M | 0.02% |
692,028
-99,300
| -13% | -$2.26M |
|
670
OGE Energy
OGE
$9.57B
| $14M | 0.02% |
512,100
-20,800
| -4% | -$593K |
|
671
Fortinet
FTNT
$121B
| $13.9M | 0.02% |
1,638,000
-1,500
| -0.1% | -$13.3K |
|
|
BRCD
672
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $13.9M | 0.02% |
1,339,848
-146,800
| -10% | -$1.54M |
|
|
HUB.B
673
DELISTED
HUBBELL INC CL-B
HUB.B
| $13.9M | 0.02% |
163,401
-4,900
| -3% | -$490K |
|
674
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $13.8M | 0.02% |
279,400
+8,300
| +3% | +$420K |
|
|
GRMN
675
Garmin
GRMN
$60.4B
| $13.8M | 0.02% |
384,000
-4,700
| -1% | -$187K |
|
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 16% of assets, up from 16% a quarter earlier, followed by Technology and Healthcare.
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.