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 | |
|---|---|---|---|---|---|---|
|
STL
1801
DELISTED
Sterling Bancorp
STL
| $2.36M | ﹤0.01% |
158,500
+1,472
| +0.9% | +$21.3K |
|
|
PNX
1802
DELISTED
PHOENIX COMPANIES INC. NEW
PNX
| $2.35M | ﹤0.01% |
71,205
+8,100
| +13% | +$121K |
|
|
MAGN
1803
Magnera Corp
MAGN
$449M
| $2.35M | ﹤0.01% |
10,489
-415
| -4% | -$103K |
|
|
KBAL
1804
DELISTED
Kimball International
KBAL
| $2.34M | ﹤0.01% |
247,800
-8,700
| -3% | -$97.9K |
|
|
QTS
1805
DELISTED
QTS REALTY TRUST, INC.
QTS
| $2.34M | ﹤0.01% |
53,600
+4,200
| +9% | +$171K |
|
1806
Community Bank
CBU
$3.44B
| $2.33M | ﹤0.01% |
62,800
+4,700
| +8% | +$174K |
|
1807
Coherent
COHR
$70.2B
| $2.33M | ﹤0.01% |
145,100
+3,700
| +3% | +$63.8K |
|
|
RAVN
1808
DELISTED
Raven Industries Inc
RAVN
| $2.33M | ﹤0.01% |
137,400
-4,700
| -3% | -$86.1K |
|
1809
Compañía de Minas Buenaventura
BVN
$8.79B
| $2.32M | ﹤0.01% |
389,650
+56,700
| +17% | +$405K |
|
|
SFR
1810
DELISTED
Starwood Waypoint Homes
SFR
| $2.32M | ﹤0.01% |
97,460
| – | – |
|
1811
Paycom
PAYC
$9.33B
| $2.32M | ﹤0.01% |
64,600
-1,600
| -2% | -$58.1K |
|
1812
Celldex Therapeutics
CLDX
$3.5B
| $2.32M | ﹤0.01% |
14,660
| – | – |
|
1813
Regis Corp
RGS
$67.5M
| $2.32M | ﹤0.01% |
8,849
-385
| -4% | -$105K |
|
|
KYTH
1814
DELISTED
KYTHERA BIOPHARMACEUTICALS, INC COM
KYTH
| $2.31M | ﹤0.01% |
30,800
| – | – |
|
|
UPL
1815
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $2.3M | ﹤0.01% |
360,600
| – | – |
|
1816
Insmed
INSM
$29.4B
| $2.3M | ﹤0.01% |
124,000
+23,200
| +23% | +$579K |
|
1817
First Bancorp
FBP
$4.45B
| $2.3M | ﹤0.01% |
646,300
+12,700
| +2% | +$51.5K |
|
1818
Aspen Aerogels
ASPN
$508M
| $2.29M | ﹤0.01% |
305,000
| – | – |
|
1819
Kulicke & Soffa
KLIC
$4.96B
| $2.28M | ﹤0.01% |
248,270
-67,700
| -21% | -$697K |
|
|
TBHC
1820
DELISTED
The Brand House Collective
TBHC
| $2.28M | ﹤0.01% |
105,700
-700
| -0.7% | -$17.6K |
|
|
ZNGA
1821
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $2.27M | ﹤0.01% |
998,000
-33,900
| -3% | -$86.7K |
|
|
EPAY
1822
DELISTED
Bottomline Technologies Inc
EPAY
| $2.27M | ﹤0.01% |
90,900
-2,900
| -3% | -$77.4K |
|
|
SN
1823
DELISTED
Sanchez Energy Corporation
SN
| $2.27M | ﹤0.01% |
369,500
-23,100
| -6% | -$155K |
|
|
MTOR
1824
DELISTED
MERITOR, Inc.
MTOR
| $2.27M | ﹤0.01% |
213,200
+20,600
| +11% | +$266K |
|
|
CVRR
1825
DELISTED
CVR Refining, LP
CVRR
| $2.27M | ﹤0.01% |
118,500
| – | – |
|
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.