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 | |
|---|---|---|---|---|---|---|
|
FNFV
1776
DELISTED
Fidelity Natl Financial, Inc.
FNFV
| $2.43M | ﹤0.01% |
207,120
| – | – |
|
|
RT
1777
DELISTED
Ruby Tuesday Georgia
RT
| $2.42M | ﹤0.01% |
390,400
-48,800
| -11% | -$322K |
|
|
BSFT
1778
DELISTED
BroadSoft, Inc.
BSFT
| $2.42M | ﹤0.01% |
80,800
-2,200
| -3% | -$71.7K |
|
|
RICE
1779
DELISTED
Rice Energy Inc.
RICE
| $2.41M | ﹤0.01% |
149,400
| – | – |
|
1780
Employers Holdings
EIG
$869M
| $2.41M | ﹤0.01% |
108,100
-7,200
| -6% | -$166K |
|
|
NAV
1781
DELISTED
Navistar International
NAV
| $2.4M | ﹤0.01% |
189,000
+12,700
| +7% | +$223K |
|
1782
Virtus Investment Partners
VRTS
$1.12B
| $2.4M | ﹤0.01% |
23,900
-800
| -3% | -$92.1K |
|
1783
United Fire Group
UFCS
$1.39B
| $2.4M | ﹤0.01% |
68,500
-5,200
| -7% | -$180K |
|
1784
Sonic Automotive
SAH
$2.52B
| $2.39M | ﹤0.01% |
117,153
+300
| +0.3% | +$6.7K |
|
|
TSL
1785
DELISTED
Trina Solar Limited
TSL
| $2.39M | ﹤0.01% |
266,600
-5,700
| -2% | -$53.7K |
|
1786
Lumentum
LITE
$68.9B
| $2.39M | ﹤0.01% |
+141,020
| New | +$2.67M |
|
|
RENT
1787
DELISTED
RENTRAK CORP
RENT
| $2.39M | ﹤0.01% |
44,200
-1,500
| -3% | -$84.2K |
|
|
JOBS
1788
DELISTED
51job Inc
JOBS
| $2.39M | ﹤0.01% |
87,200
+8,400
| +11% | +$246K |
|
|
CVGW
1789
DELISTED
Calavo Growers
CVGW
| $2.39M | ﹤0.01% |
53,500
-1,300
| -2% | -$67.8K |
|
|
AJRD
1790
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $2.39M | ﹤0.01% |
147,600
-1,200
| -0.8% | -$25.6K |
|
|
UBNK
1791
DELISTED
United Financial Bancorp, Inc.
UBNK
| $2.39M | ﹤0.01% |
182,900
+21,533
| +13% | +$283K |
|
1792
Shenandoah Telecom
SHEN
$733M
| $2.38M | ﹤0.01% |
111,400
-3,800
| -3% | -$71.9K |
|
1793
Patrick Industries
PATK
$2.72B
| $2.38M | ﹤0.01% |
135,788
-2,925
| -2% | -$51.5K |
|
1794
BJ's Restaurants
BJRI
$1.45B
| $2.38M | ﹤0.01% |
55,300
+3,100
| +6% | +$145K |
|
1795
Stepan Co
SCL
$1.47B
| $2.38M | ﹤0.01% |
57,200
+13,600
| +31% | +$633K |
|
|
VASC
1796
DELISTED
Vascular Solutions Inc
VASC
| $2.38M | ﹤0.01% |
73,400
+300
| +0.4% | +$10.7K |
|
|
WIBC
1797
DELISTED
WILSHIRE BANCORP INC
WIBC
| $2.37M | ﹤0.01% |
225,600
-6,700
| -3% | -$75.8K |
|
1798
Gray Television
GTN
$493M
| $2.36M | ﹤0.01% |
185,200
-6,300
| -3% | -$89.5K |
|
1799
OneMain Financial
OMF
$7.32B
| $2.36M | ﹤0.01% |
54,000
-26,200
| -33% | -$1.23M |
|
|
NFBK
1800
DELISTED
Northfield Bancorp
NFBK
| $2.36M | ﹤0.01% |
155,100
-9,000
| -5% | -$137K |
|
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.