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 | |
|---|---|---|---|---|---|---|
1151
Nu Skin
NUS
$250M
| $5.91M | 0.01% |
143,100
+6,000
| +4% | +$258K |
|
|
JNS
1152
DELISTED
Janus Capital Group Inc
JNS
| $5.88M | 0.01% |
432,600
-43,800
| -9% | -$682K |
|
1153
Compass Minerals
CMP
$1.13B
| $5.88M | 0.01% |
75,000
-2,400
| -3% | -$197K |
|
|
ANAC
1154
DELISTED
ANACOR PHARMACEUTICALS INC COM
ANAC
| $5.87M | 0.01% |
49,900
-13
| -0% | -$1.7K |
|
|
TGI
1155
DELISTED
Triumph Group
TGI
| $5.86M | 0.01% |
139,200
-400
| -0.3% | -$21.4K |
|
|
TARO
1156
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $5.86M | 0.01% |
41,000
-7,800
| -16% | -$1.09M |
|
|
OVTI
1157
DELISTED
OMNIVISION TECHNOLOGIES INC
OVTI
| $5.85M | 0.01% |
222,900
-12,000
| -5% | -$299K |
|
|
AEL
1158
DELISTED
American Equity Investment Life Holding Company
AEL
| $5.85M | 0.01% |
251,011
-10,600
| -4% | -$273K |
|
1159
PBF Energy
PBF
$7.86B
| $5.84M | 0.01% |
206,800
-2,800
| -1% | -$84.9K |
|
1160
Spectrum Brands
SPB
$2.02B
| $5.83M | 0.01% |
63,700
-1,000
| -2% | -$99.4K |
|
|
CTLT
1161
DELISTED
CATALENT, INC.
CTLT
| $5.82M | 0.01% |
239,600
-8,100
| -3% | -$246K |
|
1162
Post Holdings
POST
$3.45B
| $5.81M | 0.01% |
150,202
+10,237
| +7% | +$402K |
|
1163
Blackbaud
BLKB
$2.09B
| $5.8M | 0.01% |
103,300
+10,400
| +11% | +$609K |
|
|
GES
1164
DELISTED
Guess Inc
GES
| $5.79M | 0.01% |
271,134
+9,800
| +4% | +$212K |
|
|
HOLI
1165
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $5.79M | 0.01% |
331,200
-19,400
| -6% | -$377K |
|
1166
Clearwater Paper
CLW
$368M
| $5.77M | 0.01% |
122,156
-1,500
| -1% | -$80.6K |
|
1167
World Kinect Corp
WKC
$1.89B
| $5.77M | 0.01% |
161,100
+4,800
| +3% | +$200K |
|
|
ISBC
1168
DELISTED
Investors Bancorp, Inc.
ISBC
| $5.77M | 0.01% |
467,348
+29,673
| +7% | +$360K |
|
|
MDP
1169
DELISTED
Meredith Corporation
MDP
| $5.76M | 0.01% |
135,400
-3,900
| -3% | -$186K |
|
|
VRE
1170
DELISTED
Veris Residential
VRE
| $5.75M | 0.01% |
304,699
-4,500
| -1% | -$88.5K |
|
|
AYR
1171
DELISTED
Aircastle Ltd
AYR
| $5.74M | 0.01% |
278,383
-12,400
| -4% | -$272K |
|
|
CPE
1172
DELISTED
Callon Petroleum Company
CPE
| $5.74M | 0.01% |
78,670
| – | – |
|
1173
FirstCash
FCFS
$9.05B
| $5.72M | 0.01% |
142,700
-4,700
| -3% | -$193K |
|
|
EFII
1174
DELISTED
Electronics for Imaging
EFII
| $5.69M | 0.01% |
131,560
-3,700
| -3% | -$164K |
|
1175
Sarepta Therapeutics
SRPT
$1.81B
| $5.69M | 0.01% |
177,100
| – | – |
|
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.