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 | |
|---|---|---|---|---|---|---|
|
BGG
1476
DELISTED
Briggs & Stratton Corp.
BGG
| $3.79M | 0.01% |
196,400
-7,700
| -4% | -$148K |
|
|
FINL
1477
DELISTED
Finish Line
FINL
| $3.77M | 0.01% |
195,359
+2,400
| +1% | +$63.6K |
|
|
PNK
1478
DELISTED
Pinnacle Entertainment Inc.
PNK
| $3.77M | 0.01% |
111,256
-10,700
| -9% | -$405K |
|
|
EDR
1479
DELISTED
Education Realty Trust Inc
EDR
| $3.77M | 0.01% |
114,266
-33
| -0% | -$1.02K |
|
|
BGC
1480
DELISTED
General Cable Corporation
BGC
| $3.76M | 0.01% |
316,200
+11,900
| +4% | +$185K |
|
1481
AMERISAFE
AMSF
$519M
| $3.76M | 0.01% |
75,600
-3,000
| -4% | -$145K |
|
1482
First Merchants
FRME
$2.69B
| $3.76M | 0.01% |
143,400
+7,161
| +5% | +$185K |
|
|
GHL
1483
DELISTED
Greenhill & Co., Inc.
GHL
| $3.75M | 0.01% |
131,900
+7,700
| +6% | +$283K |
|
1484
Iridium Communications
IRDM
$5.23B
| $3.75M | 0.01% |
609,900
+18,200
| +3% | +$132K |
|
1485
Blackstone Mortgage Trust
BXMT
$2.47B
| $3.74M | 0.01% |
136,400
-17
| -0% | -$486 |
|
|
ANH
1486
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $3.74M | 0.01% |
757,400
+73,000
| +11% | +$371K |
|
|
AF
1487
DELISTED
Astoria Financial Corporation
AF
| $3.74M | 0.01% |
232,274
-17,000
| -7% | -$263K |
|
|
OMG
1488
DELISTED
OM GROUP INC.
OMG
| $3.74M | 0.01% |
113,584
-8,500
| -7% | -$286K |
|
|
DGI
1489
DELISTED
DigitalGlobe Inc.
DGI
| $3.73M | 0.01% |
196,000
+13,400
| +7% | +$317K |
|
1490
Zillow
ZG
$7.71B
| $3.71M | 0.01% |
129,300
-281,235
| -69% | -$7.52M |
|
|
NAVG
1491
DELISTED
Navigators Group Inc
NAVG
| $3.71M | 0.01% |
95,216
+3,800
| +4% | +$148K |
|
1492
Korn Ferry
KFY
$4.25B
| $3.71M | 0.01% |
112,200
-2,200
| -2% | -$75.1K |
|
1493
Suburban Propane Partners
SPH
$1.17B
| $3.71M | 0.01% |
112,800
-3,500
| -3% | -$129K |
|
|
EQY
1494
DELISTED
Equity One
EQY
| $3.7M | 0.01% |
152,138
+200
| +0.1% | +$4.87K |
|
1495
Cato Corp
CATO
$65.3M
| $3.7M | 0.01% |
108,800
-17,700
| -14% | -$645K |
|
1496
Trustmark
TRMK
$2.78B
| $3.69M | 0.01% |
159,182
-4,200
| -3% | -$99.5K |
|
|
YOKU
1497
DELISTED
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
| $3.69M | 0.01% |
209,100
-7,100
| -3% | -$131K |
|
1498
Nexstar Media Group
NXST
$5.69B
| $3.68M | 0.01% |
77,800
-2,100
| -3% | -$106K |
|
|
FSP
1499
Franklin Street Properties
FSP
$45.8M
| $3.67M | 0.01% |
341,893
| – | – |
|
1500
Teekay
TK
$983M
| $3.67M | 0.01% |
123,800
+3,400
| +3% | +$122K |
|
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.