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 | |
|---|---|---|---|---|---|---|
1601
Universal Display
OLED
$4.32B
| $3.13M | 0.01% |
92,200
-46,500
| -34% | -$1.94M |
|
1602
Synchrony
SYF
$25.5B
| $3.12M | 0.01% |
99,800
+71,900
| +258% | +$2.39M |
|
1603
Dine Brands
DIN
$454M
| $3.12M | 0.01% |
34,000
-1,100
| -3% | -$107K |
|
1604
Halozyme
HALO
$11.6B
| $3.12M | 0.01% |
232,000
| – | – |
|
1605
Aramark
ARMK
$15.9B
| $3.12M | 0.01% |
145,564
+62,464
| +75% | +$1.43M |
|
1606
Caesarstone
CSTE
$104M
| $3.11M | 0.01% |
102,400
-3,100
| -3% | -$162K |
|
|
TOWR
1607
DELISTED
Tower International, Inc.
TOWR
| $3.11M | 0.01% |
130,900
+3,200
| +3% | +$81.6K |
|
1608
California Water Service
CWT
$3.09B
| $3.1M | 0.01% |
140,179
-3,600
| -3% | -$78.7K |
|
1609
Yelp
YELP
$1.28B
| $3.07M | 0.01% |
141,800
-9,400
| -6% | -$261K |
|
|
ASEI
1610
DELISTED
AMER SCIENCE & ENGR INC.
ASEI
| $3.07M | 0.01% |
86,300
+16,800
| +24% | +$683K |
|
|
PMC
1611
DELISTED
PharMerica Corporation
PMC
| $3.07M | 0.01% |
107,708
+3,600
| +3% | +$121K |
|
|
GOV
1612
DELISTED
Government Properties Income Trust
GOV
| $3.06M | 0.01% |
191,579
+10,600
| +6% | +$180K |
|
1613
United Parks & Resorts
PRKS
$2B
| $3.06M | 0.01% |
171,600
-19,700
| -10% | -$355K |
|
|
DWA
1614
DELISTED
DREAMWORKS ANIMATION SKG INC CL-A
DWA
| $3.06M | 0.01% |
175,100
-6,000
| -3% | -$130K |
|
|
GST
1615
DELISTED
Gastar Exploration Inc.
GST
| $3.05M | 0.01% |
2,653,035
+1,821,035
| +219% | +$3.02M |
|
1616
Ormat Technologies
ORA
$7.04B
| $3.05M | 0.01% |
89,600
-1,000
| -1% | -$37K |
|
|
FCH
1617
DELISTED
Felcor Lodging Trust
FCH
| $3.04M | 0.01% |
430,159
+9,400
| +2% | +$83.4K |
|
|
SHLM
1618
DELISTED
Schulman (A.) Inc
SHLM
| $3.03M | 0.01% |
93,377
-15,000
| -14% | -$530K |
|
1619
Northwest Natural Holdings
NWN
$2.12B
| $3.03M | 0.01% |
66,100
-1,400
| -2% | -$61.5K |
|
1620
CNA Financial
CNA
$13.8B
| $3.02M | 0.01% |
86,540
-500
| -0.6% | -$18.8K |
|
1621
Silicon Motion
SIMO
$7.6B
| $3.02M | 0.01% |
110,500
-57,000
| -34% | -$1.53M |
|
|
IOC
1622
DELISTED
Interoil Corporation
IOC
| $3.02M | 0.01% |
89,500
| – | – |
|
|
SWC
1623
DELISTED
Stillwater Mining Co
SWC
| $3.01M | 0.01% |
291,200
+12,100
| +4% | +$116K |
|
1624
TAL Education Group
TAL
$6.75B
| $3.01M | 0.01% |
561,000
-231,000
| -29% | -$1.25M |
|
1625
Universal Insurance Holdings
UVE
$1.19B
| $3M | 0.01% |
101,700
-2,200
| -2% | -$59.5K |
|
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.