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 | |
|---|---|---|---|---|---|---|
|
VLP
2226
DELISTED
Valero Energy Partners LP
VLP
| $1.27M | ﹤0.01% |
28,786
| – | – |
|
|
ENV
2227
DELISTED
ENVESTNET, INC.
ENV
| $1.27M | ﹤0.01% |
42,400
-7,000
| -14% | -$257K |
|
2228
Cohen & Steers
CNS
$4.4B
| $1.26M | ﹤0.01% |
46,000
-1,100
| -2% | -$33.8K |
|
|
SRCI
2229
DELISTED
SRC Energy Inc
SRCI
| $1.26M | ﹤0.01% |
128,900
| – | – |
|
|
PGNX
2230
DELISTED
Progenics Pharmaceuticals Inc
PGNX
| $1.26M | ﹤0.01% |
220,600
| – | – |
|
|
CSOD
2231
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $1.26M | ﹤0.01% |
38,200
+1,200
| +3% | +$43.8K |
|
|
HSII
2232
DELISTED
Heidrick & Struggles
HSII
| $1.25M | ﹤0.01% |
64,275
-16,800
| -21% | -$363K |
|
2233
Casella Waste Systems
CWST
$5.79B
| $1.25M | ﹤0.01% |
215,100
-25,600
| -11% | -$156K |
|
2234
Standard Motor Products
SMP
$870M
| $1.25M | ﹤0.01% |
35,700
-6,500
| -15% | -$227K |
|
|
KZ
2235
DELISTED
KongZhong Corporation
KZ
| $1.25M | ﹤0.01% |
190,000
+13,700
| +8% | +$93.3K |
|
2236
Powell Industries
POWL
$7.43B
| $1.24M | ﹤0.01% |
123,600
+12,900
| +12% | +$128K |
|
2237
ESCO Technologies
ESE
$7.79B
| $1.24M | ﹤0.01% |
34,500
-1,000
| -3% | -$36.7K |
|
2238
Financial Institutions
FISI
$825M
| $1.23M | ﹤0.01% |
49,800
-3,600
| -7% | -$88.3K |
|
2239
MarineMax
HZO
$1.15B
| $1.23M | ﹤0.01% |
87,200
-6,000
| -6% | -$106K |
|
2240
Precigen
PGEN
$2.32B
| $1.23M | ﹤0.01% |
38,947
+8,677
| +29% | +$423K |
|
|
MOBI
2241
DELISTED
Sky-mobi Limited ADS
MOBI
| $1.22M | ﹤0.01% |
493,701
| – | – |
|
2242
Barnes & Noble Education
BNED
$424M
| $1.22M | ﹤0.01% |
+962
| New | +$1.25M |
|
2243
Innospec
IOSP
$2.31B
| $1.22M | ﹤0.01% |
26,300
-800
| -3% | -$36.7K |
|
2244
SPS Commerce
SPSC
$2.86B
| $1.22M | ﹤0.01% |
36,000
-31,000
| -46% | -$1.08M |
|
2245
Sportsman's Warehouse
SPWH
$46.8M
| $1.22M | ﹤0.01% |
98,998
-200
| -0.2% | -$2.49K |
|
2246
Lands' End
LE
$390M
| $1.22M | ﹤0.01% |
45,127
+12,221
| +37% | +$306K |
|
2247
Center Bancorp
CNOB
$1.81B
| $1.22M | ﹤0.01% |
63,100
+13,300
| +27% | +$270K |
|
2248
PetMed Express
PETS
$43.4M
| $1.22M | ﹤0.01% |
75,600
+700
| +0.9% | +$11.7K |
|
|
GLOG
2249
DELISTED
GASLOG LTD
GLOG
| $1.22M | ﹤0.01% |
126,500
| – | – |
|
|
SD
2250
DELISTED
SANDRIDGE ENERGY, INC.
SD
| $1.22M | ﹤0.01% |
4,505,373
+1,372,700
| +44% | +$718K |
|
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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.