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 | |
|---|---|---|---|---|---|---|
1051
John Wiley & Sons Class A
WLY
$2.62B
| $6.85M | 0.01% |
136,946
-1,700
| -1% | -$88.3K |
|
1052
G-III Apparel Group
GIII
$1.48B
| $6.84M | 0.01% |
111,000
+12,200
| +12% | +$837K |
|
|
NGHC
1053
DELISTED
National General Holdings Corp
NGHC
| $6.84M | 0.01% |
354,800
+189,100
| +114% | +$3.89M |
|
1054
WEX
WEX
$6.35B
| $6.84M | 0.01% |
78,800
-1,300
| -2% | -$130K |
|
|
CCP
1055
DELISTED
Care Capital Properties, Inc.
CCP
| $6.83M | 0.01% |
+207,368
| New | +$6.72M |
|
1056
Integer Holdings
ITGR
$4.25B
| $6.83M | 0.01% |
132,737
-4,278
| -3% | -$214K |
|
|
N
1057
DELISTED
Netsuite Inc
N
| $6.82M | 0.01% |
81,300
-2,500
| -3% | -$230K |
|
|
LXK
1058
DELISTED
Lexmark Intl Inc
LXK
| $6.81M | 0.01% |
234,974
+9,800
| +4% | +$331K |
|
|
CBPO
1059
DELISTED
China Biologic Products Holdings, Inc.
CBPO
| $6.8M | 0.01% |
75,700
| – | – |
|
1060
New Oriental
EDU
$9.24B
| $6.78M | 0.01% |
335,700
-11,400
| -3% | -$244K |
|
|
HA
1061
DELISTED
Hawaiian Holdings, Inc.
HA
| $6.78M | 0.01% |
274,789
-14,000
| -5% | -$334K |
|
1062
Woodward
WWD
$21B
| $6.77M | 0.01% |
166,400
-7,700
| -4% | -$364K |
|
1063
Asbury Automotive
ABG
$3.78B
| $6.77M | 0.01% |
83,400
-2,500
| -3% | -$212K |
|
|
THS
1064
DELISTED
Treehouse Foods
THS
| $6.76M | 0.01% |
86,900
-2,700
| -3% | -$216K |
|
|
HPY
1065
DELISTED
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
| $6.75M | 0.01% |
107,200
+100
| +0.1% | +$5.95K |
|
1066
BGC Group
BGC
$4.86B
| $6.75M | 0.01% |
1,276,500
+3,110
| +0.2% | +$18.1K |
|
1067
Dillards
DDS
$9.9B
| $6.75M | 0.01% |
77,200
-1,400
| -2% | -$135K |
|
|
GWR
1068
DELISTED
Genesee & Wyoming Inc.
GWR
| $6.74M | 0.01% |
114,100
-959
| -0.8% | -$66.1K |
|
|
CIE
1069
DELISTED
Cobalt International Energy, Inc
CIE
| $6.74M | 0.01% |
63,447
| – | – |
|
1070
Emcor
EME
$35.7B
| $6.71M | 0.01% |
151,700
-7,600
| -5% | -$355K |
|
|
RDC
1071
DELISTED
Rowan Companies Plc
RDC
| $6.71M | 0.01% |
415,200
+28,900
| +7% | +$504K |
|
1072
Marriott Vacations Worldwide
VAC
$3.89B
| $6.68M | 0.01% |
98,000
-2,600
| -3% | -$204K |
|
1073
FerroAtlántica
GSM
$865M
| $6.67M | 0.01% |
549,600
+233,000
| +74% | +$3.44M |
|
1074
Brookdale Senior Living
BKD
$3.27B
| $6.66M | 0.01% |
290,200
-36,520
| -11% | -$1.08M |
|
|
MFA
1075
MFA Financial
MFA
$919M
| $6.66M | 0.01% |
244,575
-27,175
| -10% | -$797K |
|
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.