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 | |
|---|---|---|---|---|---|---|
|
MINI
1451
DELISTED
Mobile Mini Inc
MINI
| $3.93M | 0.01% |
127,632
-3,700
| -3% | -$131K |
|
1452
Group 1 Automotive
GPI
$3.17B
| $3.92M | 0.01% |
46,100
-1,500
| -3% | -$135K |
|
1453
Plexus
PLXS
$7.2B
| $3.92M | 0.01% |
101,652
-2,000
| -2% | -$76.7K |
|
|
BECN
1454
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $3.92M | 0.01% |
120,700
-3,900
| -3% | -$133K |
|
1455
Home BancShares
HOMB
$6.22B
| $3.92M | 0.01% |
193,568
-6,000
| -3% | -$117K |
|
|
ALE
1456
DELISTED
Allete
ALE
| $3.92M | 0.01% |
77,600
-2,400
| -3% | -$116K |
|
|
SAFM
1457
DELISTED
Sanderson Farms Inc
SAFM
| $3.92M | 0.01% |
57,100
-1,000
| -2% | -$70K |
|
|
SDLP
1458
DELISTED
SEADRILL PARTNERS LLC
SDLP
| $3.91M | 0.01% |
41,600
-1,410
| -3% | -$158K |
|
1459
Coca-Cola Consolidated
COKE
$12.1B
| $3.91M | 0.01% |
202,150
-23,000
| -10% | -$375K |
|
1460
First Citizens BancShares
FCNCA
$25.4B
| $3.9M | 0.01% |
17,276
| – | – |
|
1461
Huron Consulting
HURN
$2.43B
| $3.88M | 0.01% |
62,100
-11,049
| -15% | -$791K |
|
1462
MillerKnoll
MLKN
$1.62B
| $3.88M | 0.01% |
134,500
-4,300
| -3% | -$121K |
|
|
PBY
1463
DELISTED
PEP BOYS MANNY MOE& JACK
PBY
| $3.88M | 0.01% |
317,900
+52,000
| +20% | +$613K |
|
1464
RingCentral
RNG
$5.3B
| $3.87M | 0.01% |
213,400
-7,300
| -3% | -$133K |
|
1465
Aaon
AAON
$7.03B
| $3.87M | 0.01% |
299,700
-6,750
| -2% | -$96.7K |
|
|
SAFE
1466
Safehold
SAFE
$1.08B
| $3.86M | 0.01% |
62,985
-1,520
| -2% | -$95.2K |
|
1467
Westamerica Bancorp
WABC
$1.36B
| $3.85M | 0.01% |
86,544
-2,200
| -2% | -$104K |
|
1468
Barrett Business Services
BBSI
$761M
| $3.84M | 0.01% |
358,000
+4,000
| +1% | +$37.7K |
|
|
EXAS
1469
DELISTED
Exact Sciences
EXAS
| $3.83M | 0.01% |
213,100
| – | – |
|
1470
City Holding Co
CHCO
$2.06B
| $3.81M | 0.01% |
77,304
-1,700
| -2% | -$82.6K |
|
|
WEB
1471
DELISTED
Web.com Group, Inc.
WEB
| $3.81M | 0.01% |
180,700
+9,500
| +6% | +$218K |
|
1472
Franklin Electric
FELE
$4.77B
| $3.8M | 0.01% |
139,700
-9,200
| -6% | -$264K |
|
1473
Heartland Express
HTLD
$914M
| $3.8M | 0.01% |
190,600
-6,100
| -3% | -$125K |
|
|
SYNT
1474
DELISTED
Syntel Inc
SYNT
| $3.8M | 0.01% |
83,800
-2,700
| -3% | -$118K |
|
|
TCF
1475
DELISTED
TCF Financial Corporation Common Stock
TCF
| $3.79M | 0.01% |
117,300
+6,276
| +6% | +$203K |
|
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.