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 | |
|---|---|---|---|---|---|---|
1001
LPL Financial
LPLA
$29.3B
| $7.37M | 0.01% |
185,400
+11,600
| +7% | +$499K |
|
|
PF
1002
DELISTED
Pinnacle Foods, Inc.
PF
| $7.37M | 0.01% |
176,000
+128,600
| +271% | +$5.81M |
|
1003
Tanger
SKT
$4.44B
| $7.36M | 0.01% |
223,300
+11,300
| +5% | +$368K |
|
1004
Synaptics
SYNA
$4.09B
| $7.36M | 0.01% |
89,200
-2,800
| -3% | -$212K |
|
|
CHS
1005
DELISTED
Chicos FAS, Inc.
CHS
| $7.34M | 0.01% |
466,900
+700
| +0.2% | +$10.8K |
|
|
CNW
1006
DELISTED
CON-WAY INC.
CNW
| $7.33M | 0.01% |
154,500
-200
| -0.1% | -$7.84K |
|
1007
Motorola Solutions
MSI
$76.5B
| $7.32M | 0.01% |
107,057
-573,016
| -84% | -$36.1M |
|
1008
Crane NXT
CXT
$2.96B
| $7.31M | 0.01% |
451,427
-13,819
| -3% | -$254K |
|
|
WX
1009
DELISTED
WUXI PHARMATECH, CAYMAN INC REPSTG 8 ORD SHS
WX
| $7.31M | 0.01% |
169,100
-31,200
| -16% | -$1.32M |
|
1010
RH
RH
$3.47B
| $7.31M | 0.01% |
78,300
-2,400
| -3% | -$236K |
|
|
APU
1011
DELISTED
AmeriGas Partners, L.P.
APU
| $7.28M | 0.01% |
175,400
-22,800
| -12% | -$1.02M |
|
1012
IPG Photonics
IPGP
$3.61B
| $7.28M | 0.01% |
95,800
-2,500
| -3% | -$212K |
|
1013
Brixmor Property Group
BRX
$9.15B
| $7.27M | 0.01% |
309,600
+100
| +0% | +$2.38K |
|
|
CST
1014
DELISTED
CST Brands, Inc.
CST
| $7.26M | 0.01% |
215,800
-29,800
| -12% | -$1.08M |
|
1015
ONE Gas
OGS
$4.96B
| $7.26M | 0.01% |
160,100
+900
| +0.6% | +$39.4K |
|
1016
Cracker Barrel
CBRL
$1.25B
| $7.25M | 0.01% |
49,237
-3,400
| -6% | -$509K |
|
|
PRA
1017
DELISTED
ProAssurance
PRA
| $7.25M | 0.01% |
147,678
+11,300
| +8% | +$549K |
|
1018
Viasat
VSAT
$11.7B
| $7.23M | 0.01% |
112,500
-3,500
| -3% | -$214K |
|
1019
MGIC Investment
MTG
$6.21B
| $7.21M | 0.01% |
778,400
-26,500
| -3% | -$281K |
|
1020
Radian Group
RDN
$4.87B
| $7.2M | 0.01% |
452,500
-15,400
| -3% | -$275K |
|
|
ALR
1021
DELISTED
Alere Inc
ALR
| $7.15M | 0.01% |
148,544
-11,100
| -7% | -$575K |
|
|
FEIC
1022
DELISTED
FEI COMPANY
FEIC
| $7.14M | 0.01% |
97,800
-3,000
| -3% | -$236K |
|
1023
Bright Horizons
BFAM
$3.81B
| $7.11M | 0.01% |
110,600
+8,400
| +8% | +$518K |
|
|
STMP
1024
DELISTED
Stamps.com, Inc.
STMP
| $7.1M | 0.01% |
95,900
+3,000
| +3% | +$233K |
|
1025
Pebblebrook Hotel Trust
PEB
$2B
| $7.09M | 0.01% |
200,071
-23,200
| -10% | -$932K |
|
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.