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 | |
|---|---|---|---|---|---|---|
1926
Immersion
IMMR
$248M
| $1.97M | ﹤0.01% |
175,200
| – | – |
|
1927
Navios Maritime Partners
NMM
$2.31B
| $1.97M | ﹤0.01% |
17,980
-613
| -3% | -$85.1K |
|
1928
Sonida Senior Living
SNDA
$1.88B
| $1.96M | ﹤0.01% |
6,523
+114
| +2% | +$37.6K |
|
1929
Clearway Energy Class C
CWEN
$7.02B
| $1.96M | ﹤0.01% |
168,800
-12,800
| -7% | -$221K |
|
1930
WesBanco
WSBC
$4.1B
| $1.96M | ﹤0.01% |
62,300
-6,058
| -9% | -$197K |
|
|
HMHC
1931
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $1.96M | ﹤0.01% |
96,400
+21,400
| +29% | +$510K |
|
1932
Inogen
INGN
$154M
| $1.96M | ﹤0.01% |
40,300
-800
| -2% | -$38K |
|
1933
Carlyle Group
CG
$18.3B
| $1.96M | ﹤0.01% |
116,400
-3,800
| -3% | -$89.4K |
|
1934
Medifast
MED
$128M
| $1.96M | ﹤0.01% |
72,800
+1,800
| +3% | +$52.4K |
|
|
TBRG
1935
DELISTED
TruBridge
TBRG
| $1.96M | ﹤0.01% |
46,400
-1,600
| -3% | -$77.2K |
|
1936
Haverty Furniture Companies
HVT
$450M
| $1.95M | ﹤0.01% |
83,100
+2,100
| +3% | +$48.2K |
|
1937
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.44B
| $1.95M | ﹤0.01% |
113,100
+18,400
| +19% | +$356K |
|
1938
Stoneridge
SRI
$201M
| $1.95M | ﹤0.01% |
157,900
-15,700
| -9% | -$186K |
|
1939
Ingles Markets
IMKTA
$1.68B
| $1.95M | ﹤0.01% |
40,700
+4,000
| +11% | +$197K |
|
|
HNH
1940
DELISTED
Handy & Harman Holdings Ltd.
HNH
| $1.95M | ﹤0.01% |
81,200
-2,800
| -3% | -$78.3K |
|
|
UCB
1941
United Community Banks
UCB
$4.43B
| $1.95M | ﹤0.01% |
95,200
-6,800
| -7% | -$139K |
|
|
EMES
1942
DELISTED
Emerge Energy Services LP
EMES
| $1.94M | ﹤0.01% |
286,600
+251,000
| +705% | +$4.85M |
|
|
MDAS
1943
DELISTED
MEDASSETS INC COM STK (DE)
MDAS
| $1.94M | ﹤0.01% |
96,600
+4,100
| +4% | +$87.4K |
|
1944
Perdoceo Education
PRDO
$1.99B
| $1.93M | ﹤0.01% |
513,858
-17,700
| -3% | -$64.4K |
|
1945
Matrix Service
MTRX
$328M
| $1.93M | ﹤0.01% |
85,900
+8,700
| +11% | +$176K |
|
|
STNR
1946
DELISTED
STEINER LEISURE LTD
STNR
| $1.93M | ﹤0.01% |
30,500
+19,800
| +185% | +$1.18M |
|
|
WWE
1947
DELISTED
World Wrestling Entertainment
WWE
| $1.92M | ﹤0.01% |
113,500
+39,300
| +53% | +$735K |
|
|
NSH
1948
DELISTED
NuStar GP Holdings LLC
NSH
| $1.91M | ﹤0.01% |
71,600
-34,000
| -32% | -$1.1M |
|
|
NTK
1949
DELISTED
NORTEK INC COM NEW (DE)
NTK
| $1.91M | ﹤0.01% |
30,100
-8,800
| -23% | -$688K |
|
1950
Boise Cascade
BCC
$2.94B
| $1.9M | ﹤0.01% |
75,500
-20,600
| -21% | -$657K |
|
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.