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 | |
|---|---|---|---|---|---|---|
1251
Take-Two Interactive
TTWO
$46.7B
| $5.11M | 0.01% |
178,000
+5,100
| +3% | +$152K |
|
1252
Brink's
BCO
$4.71B
| $5.11M | 0.01% |
189,057
-13,800
| -7% | -$396K |
|
1253
Huntsman Corp
HUN
$1.85B
| $5.1M | 0.01% |
526,700
+9,000
| +2% | +$155K |
|
1254
Black Hills Corp
BKH
$5.57B
| $5.09M | 0.01% |
123,200
-2,100
| -2% | -$86.2K |
|
|
MBFI
1255
DELISTED
MB Financial Corp
MBFI
| $5.09M | 0.01% |
155,900
+896
| +0.6% | +$29.9K |
|
1256
Louisiana-Pacific
LPX
$5.3B
| $5.08M | 0.01% |
356,800
-11,700
| -3% | -$186K |
|
|
CMD
1257
DELISTED
Cantel Medical Corporation
CMD
| $5.08M | 0.01% |
89,600
+7,500
| +9% | +$397K |
|
|
GNCMA
1258
DELISTED
GCI Liberty, Inc. Class A-1 Common Stock
GNCMA
| $5.07M | 0.01% |
293,773
-8,100
| -3% | -$142K |
|
|
SCS
1259
DELISTED
Steelcase
SCS
| $5.06M | 0.01% |
274,800
-29,700
| -10% | -$533K |
|
|
PHH
1260
DELISTED
PHH Corporation
PHH
| $5.06M | 0.01% |
358,132
+21,300
| +6% | +$417K |
|
1261
FTI Consulting
FCN
$4.18B
| $5.05M | 0.01% |
121,592
-5,100
| -4% | -$210K |
|
|
GRUB
1262
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $5.04M | 0.01% |
103,600
+96,650
| +1,391% | +$5.63M |
|
1263
United Bankshares
UBSI
$6.61B
| $5.03M | 0.01% |
132,500
-4,096
| -3% | -$161K |
|
|
CRC
1264
DELISTED
California Resources Corporation
CRC
| $5.03M | 0.01% |
193,566
+63,998
| +49% | +$2.51M |
|
1265
Genesco
GCO
$409M
| $5.03M | 0.01% |
88,157
-800
| -0.9% | -$49.7K |
|
|
IPCM
1266
DELISTED
IPC HEALTHCARE INC COM DTD
IPCM
| $5.03M | 0.01% |
64,700
-2,700
| -4% | -$190K |
|
|
ALOG
1267
DELISTED
Analogic Corp
ALOG
| $5.02M | 0.01% |
61,200
-3,600
| -6% | -$292K |
|
|
MGLN
1268
DELISTED
Magellan Health Services, Inc.
MGLN
| $4.99M | 0.01% |
90,100
-3,600
| -4% | -$218K |
|
1269
Worthington Enterprises
WOR
$2.81B
| $4.99M | 0.01% |
305,585
+22,546
| +8% | +$368K |
|
|
MASI
1270
DELISTED
Masimo
MASI
| $4.98M | 0.01% |
129,192
-2,100
| -2% | -$85.8K |
|
1271
FNB Corp
FNB
$6.79B
| $4.97M | 0.01% |
383,528
-14,391
| -4% | -$192K |
|
1272
Vishay Intertechnology
VSH
$5.12B
| $4.95M | 0.01% |
511,300
-9,100
| -2% | -$96.6K |
|
1273
Ultragenyx Pharmaceutical
RARE
$2.65B
| $4.95M | 0.01% |
51,400
| – | – |
|
1274
Belden
BDC
$5.34B
| $4.95M | 0.01% |
106,000
-3,400
| -3% | -$200K |
|
1275
Ligand Pharmaceuticals
LGND
$5.78B
| $4.94M | 0.01% |
92,493
+6,412
| +7% | +$389K |
|
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.