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 | |
|---|---|---|---|---|---|---|
|
AHGP
2026
DELISTED
Alliance Holdings GP
AHGP
| $1.69M | ﹤0.01% |
54,500
| – | – |
|
|
WIRE
2027
DELISTED
Encore Wire Corp
WIRE
| $1.69M | ﹤0.01% |
51,600
+3,800
| +8% | +$135K |
|
|
RSO
2028
DELISTED
Resource Capital Corp.
RSO
| $1.68M | ﹤0.01% |
150,650
+17,600
| +13% | +$238K |
|
|
GAME
2029
DELISTED
SHANDA GAMES LTD SPON ADR REPSTG CL A (CAYMAN ISLANDS)
GAME
| $1.67M | ﹤0.01% |
249,800
-9,200
| -4% | -$61.1K |
|
2030
Radware
RDWR
$1.25B
| $1.67M | ﹤0.01% |
102,600
-17,900
| -15% | -$341K |
|
|
VRTV
2031
DELISTED
VERITIV CORPORATION
VRTV
| $1.67M | ﹤0.01% |
44,803
+8,676
| +24% | +$318K |
|
|
PRO
2032
DELISTED
PROS Holdings
PRO
| $1.66M | ﹤0.01% |
75,000
-2,600
| -3% | -$56.5K |
|
|
TMHC
2033
DELISTED
Taylor Morrison
TMHC
| $1.66M | ﹤0.01% |
89,000
-3,000
| -3% | -$59.3K |
|
|
SNR
2034
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $1.66M | ﹤0.01% |
158,799
+1,600
| +1% | +$19.5K |
|
|
RESI
2035
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $1.66M | ﹤0.01% |
119,300
| – | – |
|
|
FIG
2036
DELISTED
Fortress Investment Group Llc
FIG
| $1.65M | ﹤0.01% |
297,400
-9,100
| -3% | -$57.4K |
|
2037
BioCryst Pharmaceuticals
BCRX
$2.51B
| $1.65M | ﹤0.01% |
144,500
| – | – |
|
|
CZZ
2038
DELISTED
Cosan Limited
CZZ
| $1.64M | ﹤0.01% |
567,900
+129,700
| +30% | +$537K |
|
2039
Modine Manufacturing
MOD
$10.8B
| $1.64M | ﹤0.01% |
208,400
+9,800
| +5% | +$91.4K |
|
2040
Boyd Gaming
BYD
$6.05B
| $1.64M | ﹤0.01% |
100,500
-35,500
| -26% | -$588K |
|
2041
ANI Pharmaceuticals
ANIP
$1.72B
| $1.64M | ﹤0.01% |
41,400
-4,789
| -10% | -$272K |
|
2042
HealthStream
HSTM
$849M
| $1.64M | ﹤0.01% |
75,000
-2,600
| -3% | -$69.1K |
|
|
LINE
2043
DELISTED
LINN ENERGY LLC COM UTS REP LTD LIABILITY CO INTS
LINE
| $1.64M | ﹤0.01% |
607,800
| – | – |
|
|
ATRI
2044
DELISTED
Atrion Corp
ATRI
| $1.63M | ﹤0.01% |
4,359
-100
| -2% | -$38.8K |
|
|
GHDX
2045
DELISTED
Genomic Health, Inc.
GHDX
| $1.63M | ﹤0.01% |
77,200
-23
| -0% | -$593 |
|
2046
Quanex
NX
$981M
| $1.63M | ﹤0.01% |
89,800
-1,900
| -2% | -$37.3K |
|
|
UTEK
2047
DELISTED
Ultratech Inc.
UTEK
| $1.63M | ﹤0.01% |
101,500
-3,400
| -3% | -$56.6K |
|
2048
FRP Holdings
FRPH
$425M
| $1.63M | ﹤0.01% |
107,800
-3,600
| -3% | -$54.9K |
|
2049
Diodes
DIOD
$4.48B
| $1.62M | ﹤0.01% |
75,900
-2,400
| -3% | -$51.7K |
|
|
XCRA
2050
DELISTED
Xcerra Corporation
XCRA
| $1.62M | ﹤0.01% |
258,100
-7,700
| -3% | -$49.3K |
|
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.