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 | |
|---|---|---|---|---|---|---|
976
Sanmina
SANM
$10.7B
| $7.71M | 0.01% |
360,710
-11,700
| -3% | -$236K |
|
|
TEN
977
Tsakos Energy Navigation Ltd
TEN
$1.15B
| $7.67M | 0.01% |
188,640
| – | – |
|
978
Monolithic Power Systems
MPWR
$67.9B
| $7.67M | 0.01% |
149,700
-1,300
| -0.9% | -$64.4K |
|
|
CTB
979
DELISTED
Cooper Tire & Rubber Co.
CTB
| $7.63M | 0.01% |
193,027
-17,600
| -8% | -$640K |
|
|
WDR
980
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $7.61M | 0.01% |
218,834
-1,000
| -0.5% | -$41.3K |
|
|
CNL
981
DELISTED
CLECO CRP (HOLDING CO)
CNL
| $7.61M | 0.01% |
142,900
-4,700
| -3% | -$253K |
|
982
Wintrust Financial
WTFC
$10.7B
| $7.57M | 0.01% |
141,702
-4,200
| -3% | -$222K |
|
|
RAX
983
DELISTED
Rackspace Hosting Inc
RAX
| $7.57M | 0.01% |
306,700
-44,100
| -13% | -$1.42M |
|
|
TCF
984
DELISTED
TCF Financial Corporation
TCF
| $7.56M | 0.01% |
498,700
-8,200
| -2% | -$130K |
|
|
PLCM
985
DELISTED
POLYCOM INC
PLCM
| $7.54M | 0.01% |
719,442
-18,900
| -3% | -$205K |
|
986
Thor Industries
THO
$4.14B
| $7.49M | 0.01% |
144,500
-10,900
| -7% | -$597K |
|
|
VTLE
987
DELISTED
Vital Energy
VTLE
| $7.47M | 0.01% |
39,635
+24,545
| +163% | +$4.85M |
|
|
GRFS
988
Grifois
GRFS
$5.48B
| $7.47M | 0.01% |
491,600
| – | – |
|
989
Graham Holdings Company
GHC
$4.99B
| $7.46M | 0.01% |
12,930
-9,462
| -42% | -$6.25M |
|
990
Advanced Energy
AEIS
$12.6B
| $7.45M | 0.01% |
283,100
-7,600
| -3% | -$196K |
|
991
Portland General Electric
POR
$5.66B
| $7.43M | 0.01% |
201,100
-9,800
| -5% | -$345K |
|
992
WaFd
WAFD
$2.76B
| $7.42M | 0.01% |
326,112
-1,000
| -0.3% | -$22.9K |
|
993
Westlake Corp
WLK
$10.1B
| $7.41M | 0.01% |
142,800
-4,800
| -3% | -$280K |
|
|
AAN.A
994
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $7.41M | 0.01% |
205,200
+10,000
| +5% | +$361K |
|
|
CIM
995
Chimera Investment
CIM
$980M
| $7.41M | 0.01% |
184,647
+13,700
| +8% | +$577K |
|
996
Cognex
CGNX
$10.8B
| $7.4M | 0.01% |
430,600
-13,800
| -3% | -$274K |
|
|
POLY
997
DELISTED
Plantronics, Inc.
POLY
| $7.4M | 0.01% |
145,500
-11,600
| -7% | -$634K |
|
|
CVA
998
DELISTED
Covanta Holding Corporation
CVA
| $7.39M | 0.01% |
423,800
-40,000
| -9% | -$791K |
|
|
TEN
999
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $7.38M | 0.01% |
164,900
-19,700
| -11% | -$961K |
|
1000
Rithm Capital
RITM
$5.65B
| $7.38M | 0.01% |
563,350
-1,300
| -0.2% | -$19.2K |
|
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.