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 | |
|---|---|---|---|---|---|---|
1226
Trex
TREX
$5.01B
| $5.29M | 0.01% |
634,800
-50,000
| -7% | -$514K |
|
|
BMCH
1227
DELISTED
BMC Stock Holdings, Inc
BMCH
| $5.28M | 0.01% |
299,800
-10,200
| -3% | -$190K |
|
1228
Curtiss-Wright
CW
$26.6B
| $5.27M | 0.01% |
84,500
-2,600
| -3% | -$175K |
|
|
WPG
1229
DELISTED
Washington Prime Group Inc.
WPG
| $5.27M | 0.01% |
50,215
+39
| +0.1% | +$4.53K |
|
|
BRSL
1230
Brightstar Lottery PLC
BRSL
$2.03B
| $5.27M | 0.01% |
343,724
-28,271
| -8% | -$502K |
|
1231
Scholastic
SCHL
$811M
| $5.26M | 0.01% |
135,100
-9,500
| -7% | -$409K |
|
1232
Moog Inc Class A
MOG.A
$13.2B
| $5.26M | 0.01% |
97,200
-6,700
| -6% | -$431K |
|
|
EE
1233
DELISTED
El Paso Electric Company
EE
| $5.25M | 0.01% |
142,450
+8,800
| +7% | +$316K |
|
|
RGC
1234
DELISTED
Regal Entertainment Group
RGC
| $5.23M | 0.01% |
279,900
-7,900
| -3% | -$152K |
|
1235
EastGroup Properties
EGP
$10.9B
| $5.23M | 0.01% |
96,524
+100
| +0.1% | +$5.64K |
|
1236
Integra LifeSciences
IART
$1.38B
| $5.23M | 0.01% |
175,600
-44,582
| -20% | -$1.39M |
|
1237
Primerica
PRI
$9.72B
| $5.22M | 0.01% |
115,900
-7,900
| -6% | -$346K |
|
1238
Global Partners
GLP
$1.69B
| $5.22M | 0.01% |
184,100
+84,500
| +85% | +$2.7M |
|
1239
Applied Industrial Technologies
AIT
$13.4B
| $5.2M | 0.01% |
136,300
-1,900
| -1% | -$75.1K |
|
1240
Urban Edge Properties
UE
$2.75B
| $5.19M | 0.01% |
240,256
| – | – |
|
1241
Interactive Brokers
IBKR
$41.1B
| $5.18M | 0.01% |
525,200
-17,600
| -3% | -$181K |
|
|
MIK
1242
DELISTED
Michaels Stores, Inc
MIK
| $5.18M | 0.01% |
224,200
+35,100
| +19% | +$896K |
|
1243
Cousins Properties
CUZ
$4.87B
| $5.17M | 0.01% |
198,759
+177
| +0.1% | +$4.88K |
|
|
TRAK
1244
DELISTED
DEALERTRACK TECHNOLOGIES, INC. COM STK
TRAK
| $5.17M | 0.01% |
81,900
| – | – |
|
|
HTS
1245
DELISTED
HATTERAS FINANCIAL CORP
HTS
| $5.17M | 0.01% |
340,900
+29,700
| +10% | +$485K |
|
1246
La-Z-Boy
LZB
$1.67B
| $5.16M | 0.01% |
194,300
-5,700
| -3% | -$151K |
|
1247
Century Aluminum
CENX
$5.28B
| $5.15M | 0.01% |
1,118,600
+944,100
| +541% | +$6.59M |
|
1248
Manitowoc
MTW
$699M
| $5.14M | 0.01% |
378,437
-221
| -0.1% | -$3.41K |
|
1249
Penske Automotive Group
PAG
$14.3B
| $5.12M | 0.01% |
105,700
+11,700
| +12% | +$599K |
|
1250
Knowles
KN
$3.34B
| $5.12M | 0.01% |
277,606
-844
| -0.3% | -$14.4K |
|
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.