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 | |
|---|---|---|---|---|---|---|
|
LMNX
1976
DELISTED
Luminex Corp
LMNX
| $1.82M | ﹤0.01% |
107,600
+2,300
| +2% | +$41.6K |
|
|
XOXO
1977
DELISTED
Xo Group Inc
XOXO
| $1.82M | ﹤0.01% |
128,800
+19,900
| +18% | +$299K |
|
|
MFRM
1978
DELISTED
MATTRESS FIRM HLDG CORP COM STK (DE)
MFRM
| $1.82M | ﹤0.01% |
43,500
-1,000
| -2% | -$57.1K |
|
|
NKA
1979
DELISTED
NISKA GAS STORAGE PARTNERS LLC UNIT LTD LIABILITY CO INTS
NKA
| $1.82M | ﹤0.01% |
583,900
| – | – |
|
1980
Ethan Allen Interiors
ETD
$583M
| $1.81M | ﹤0.01% |
68,600
-5,900
| -8% | -$173K |
|
|
TLN
1981
DELISTED
Talen Energy Corporation
TLN
| $1.81M | ﹤0.01% |
179,050
-10,970
| -6% | -$161K |
|
1982
Credicorp
BAP
$29.8B
| $1.8M | ﹤0.01% |
+16,971
| New | +$2.05M |
|
|
HOS
1983
DELISTED
Hornbeck Offshore Services, Inc.
HOS
| $1.8M | ﹤0.01% |
133,400
+5,700
| +4% | +$101K |
|
|
RATE
1984
DELISTED
Bankrate Inc
RATE
| $1.8M | ﹤0.01% |
174,400
-5,900
| -3% | -$59.2K |
|
|
LAYN
1985
DELISTED
Layne Christensen Co
LAYN
| $1.8M | ﹤0.01% |
276,800
+4,100
| +2% | +$31.2K |
|
|
KITE
1986
DELISTED
Kite Pharma, Inc.
KITE
| $1.8M | ﹤0.01% |
32,300
+12,600
| +64% | +$793K |
|
1987
Teekay Tankers
TNK
$2.9B
| $1.8M | ﹤0.01% |
32,550
+6,812
| +26% | +$368K |
|
|
BRS
1988
DELISTED
Bristow Group, Inc.
BRS
| $1.79M | ﹤0.01% |
68,600
+6,600
| +11% | +$264K |
|
|
BONA
1989
DELISTED
BONA FILM GROUP LTD SPONSORED ADS
BONA
| $1.79M | ﹤0.01% |
150,723
+5,600
| +4% | +$65.4K |
|
1990
Andersons Inc
ANDE
$2.21B
| $1.79M | ﹤0.01% |
52,600
+2,100
| +4% | +$75.3K |
|
|
BFX
1991
DELISTED
BowFlex Inc.
BFX
| $1.78M | ﹤0.01% |
118,900
-48,900
| -29% | -$877K |
|
1992
Onto Innovation
ONTO
$20.6B
| $1.78M | ﹤0.01% |
146,900
-3,000
| -2% | -$42.5K |
|
1993
Albany International
AIN
$1.82B
| $1.78M | ﹤0.01% |
62,148
-1,500
| -2% | -$50.8K |
|
1994
Alpha and Omega Semiconductor
AOSL
$916M
| $1.78M | ﹤0.01% |
228,300
| – | – |
|
1995
REX American Resources
REX
$1.44B
| $1.78M | ﹤0.01% |
210,600
| – | – |
|
1996
John B. Sanfilippo & Son
JBSS
$1.01B
| $1.77M | ﹤0.01% |
34,600
+800
| +2% | +$41.4K |
|
|
RP
1997
DELISTED
RealPage, Inc.
RP
| $1.77M | ﹤0.01% |
106,600
-3,600
| -3% | -$66.9K |
|
|
SIRE
1998
DELISTED
Sisecam Resources LP
SIRE
| $1.76M | ﹤0.01% |
90,000
| – | – |
|
1999
CEVA Inc
CEVA
$855M
| $1.76M | ﹤0.01% |
95,000
-2,400
| -2% | -$44.2K |
|
|
WAIR
2000
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $1.76M | ﹤0.01% |
144,300
-4,600
| -3% | -$64.5K |
|
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.