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 | |
|---|---|---|---|---|---|---|
1201
New Jersey Resources
NJR
$5.48B
| $5.46M | 0.01% |
182,000
-19,900
| -10% | -$566K |
|
|
ELNK
1202
DELISTED
EarthLink Holdings Corp.
ELNK
| $5.46M | 0.01% |
701,903
-38,800
| -5% | -$317K |
|
1203
Neogen
NEOG
$2.49B
| $5.46M | 0.01% |
323,600
-9,867
| -3% | -$194K |
|
|
LOGM
1204
DELISTED
LogMein, Inc.
LOGM
| $5.46M | 0.01% |
80,100
+800
| +1% | +$53K |
|
1205
Cathay General Bancorp
CATY
$4.24B
| $5.45M | 0.01% |
181,900
-3,900
| -2% | -$122K |
|
1206
Tetra Tech
TTEK
$9.07B
| $5.45M | 0.01% |
1,121,000
-10,000
| -0.9% | -$51.2K |
|
1207
Kite Realty
KRG
$5.25B
| $5.44M | 0.01% |
228,592
+200
| +0.1% | +$5K |
|
|
VSTO
1208
DELISTED
Vista Outdoor Inc.
VSTO
| $5.44M | 0.01% |
122,400
-4,200
| -3% | -$192K |
|
1209
Acadia Healthcare
ACHC
$2.93B
| $5.43M | 0.01% |
82,000
-1,100
| -1% | -$84.6K |
|
|
MZTI
1210
The Marzetti Company
MZTI
$3.18B
| $5.41M | 0.01% |
55,500
+1,300
| +2% | +$123K |
|
|
USG
1211
DELISTED
Usg
USG
| $5.41M | 0.01% |
203,200
-2,500
| -1% | -$73.3K |
|
|
MDSO
1212
DELISTED
Medidata Solutions, Inc.
MDSO
| $5.4M | 0.01% |
128,200
-4,200
| -3% | -$213K |
|
|
EFOR
1213
Everforth Inc
EFOR
$1.32B
| $5.39M | 0.01% |
146,200
+6,700
| +5% | +$254K |
|
|
LNCE
1214
DELISTED
Snyders-Lance, Inc.
LNCE
| $5.37M | 0.01% |
159,100
-9,300
| -6% | -$311K |
|
1215
Cabot Corp
CBT
$4.5B
| $5.37M | 0.01% |
170,000
+3,300
| +2% | +$114K |
|
1216
Interface
TILE
$2.19B
| $5.36M | 0.01% |
238,900
+8,900
| +4% | +$219K |
|
|
DENN
1217
DELISTED
Denny's
DENN
| $5.36M | 0.01% |
485,700
-17,000
| -3% | -$198K |
|
|
WCC
1218
WESCO International
WCC
$18.1B
| $5.35M | 0.01% |
115,200
+3,800
| +3% | +$220K |
|
|
HAWK
1219
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
| $5.35M | 0.01% |
126,200
+5,613
| +5% | +$239K |
|
|
SGY
1220
DELISTED
Stone Energy
SGY
| $5.33M | 0.01% |
18,923
+11,714
| +162% | +$4.47M |
|
1221
Generac Holdings
GNRC
$12.6B
| $5.32M | 0.01% |
176,900
-6,000
| -3% | -$193K |
|
|
SWI
1222
DELISTED
SOLARWINDS INC COM STK (DE)
SWI
| $5.31M | 0.01% |
135,400
-4,500
| -3% | -$185K |
|
|
DYAX
1223
DELISTED
DYAX CORPORATION
DYAX
| $5.31M | 0.01% |
278,100
| – | – |
|
|
KLXI
1224
DELISTED
KLX Inc.
KLXI
| $5.31M | 0.01% |
176,091
-5,634
| -3% | -$187K |
|
|
CVSA
1225
Covista Inc
CVSA
$4.45B
| $5.3M | 0.01% |
194,977
-1,200
| -0.6% | -$34.1K |
|
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.