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 | |
|---|---|---|---|---|---|---|
|
SLCA
1726
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $2.63M | ﹤0.01% |
186,800
-30,000
| -14% | -$640K |
|
|
SHLD
1727
DELISTED
Sears Holding Corporation
SHLD
| $2.63M | ﹤0.01% |
116,248
+14,600
| +14% | +$352K |
|
|
AHT
1728
Ashford Hospitality Trust
AHT
$20.3M
| $2.61M | ﹤0.01% |
433
-14
| -3% | -$112K |
|
1729
Rogers Corp
ROG
$2.41B
| $2.61M | ﹤0.01% |
49,000
-1,300
| -3% | -$73.1K |
|
1730
Burlington
BURL
$22.6B
| $2.6M | ﹤0.01% |
51,000
-200
| -0.4% | -$10.7K |
|
1731
Team
TISI
$104M
| $2.6M | ﹤0.01% |
8,100
-230
| -3% | -$98.5K |
|
1732
StealthGas
GASS
$322M
| $2.6M | ﹤0.01% |
579,100
| – | – |
|
|
TIVO
1733
DELISTED
TIVO INC
TIVO
| $2.59M | ﹤0.01% |
299,200
-9,700
| -3% | -$92K |
|
|
SFLY
1734
DELISTED
Shutterfly, Inc.
SFLY
| $2.58M | ﹤0.01% |
72,300
-2,200
| -3% | -$91.8K |
|
1735
National CineMedia
NCMI
$355M
| $2.58M | ﹤0.01% |
19,252
-2,180
| -10% | -$314K |
|
|
DMND
1736
DELISTED
DIAMOND FOODS, INC.
DMND
| $2.58M | ﹤0.01% |
83,697
+4,775
| +6% | +$150K |
|
1737
Compass Diversified
CODI
$927M
| $2.58M | ﹤0.01% |
159,900
-4,600
| -3% | -$76.2K |
|
|
FNSR
1738
DELISTED
Finisar Corp
FNSR
| $2.57M | ﹤0.01% |
231,000
-7,900
| -3% | -$124K |
|
1739
Helix Energy Solutions
HLX
$1.5B
| $2.56M | ﹤0.01% |
535,523
+36,000
| +7% | +$287K |
|
|
NTP
1740
DELISTED
Nam Tai Property Inc.
NTP
| $2.56M | ﹤0.01% |
419,516
-30,600
| -7% | -$164K |
|
|
RDUS
1741
DELISTED
Radius Health, Inc.
RDUS
| $2.55M | ﹤0.01% |
36,800
+20,900
| +131% | +$1.45M |
|
1742
Unifirst Corp
UNF
$5.27B
| $2.54M | ﹤0.01% |
23,800
-700
| -3% | -$78K |
|
1743
Stratasys
SSYS
$782M
| $2.54M | ﹤0.01% |
95,900
-3,300
| -3% | -$102K |
|
1744
TTM Technologies
TTMI
$13.8B
| $2.54M | ﹤0.01% |
407,653
-14,695
| -3% | -$116K |
|
|
ACET
1745
DELISTED
Aceto Corp
ACET
| $2.53M | ﹤0.01% |
92,300
-3,100
| -3% | -$77.3K |
|
|
ALX
1746
Alexander's
ALX
$1.39B
| $2.53M | ﹤0.01% |
6,759
-3,400
| -33% | -$1.32M |
|
1747
Central Garden & Pet Co Class A
CENTA
$2.4B
| $2.52M | ﹤0.01% |
195,875
-26,500
| -12% | -$268K |
|
1748
Antero Resources
AR
$11.6B
| $2.52M | ﹤0.01% |
119,100
| – | – |
|
|
CRR
1749
DELISTED
Carbo Ceramics Inc.
CRR
| $2.52M | ﹤0.01% |
132,700
+8,900
| +7% | +$259K |
|
1750
Babcock & Wilcox
BW
$1.37B
| $2.51M | ﹤0.01% |
+14,960
| New | +$2.76M |
|
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.