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 | |
|---|---|---|---|---|---|---|
|
AGEN
2401
Agenus
AGEN
$315M
| $949K | ﹤0.01% |
10,514
+2,604
| +33% | +$385K |
|
|
GWB
2402
DELISTED
Great Western Bancorp, Inc.
GWB
| $946K | ﹤0.01% |
37,300
+14,200
| +61% | +$357K |
|
2403
Protalix BioTherapeutics
PLX
$190M
| $945K | ﹤0.01% |
80,090
| – | – |
|
|
CLMS
2404
DELISTED
Calamos Asset Management, Inc.
CLMS
| $944K | ﹤0.01% |
99,600
-8,900
| -8% | -$99K |
|
2405
Lifeway Foods
LWAY
$377M
| $943K | ﹤0.01% |
90,028
| – | – |
|
|
DL
2406
DELISTED
China Distance Education Holdings Limited
DL
| $938K | ﹤0.01% |
73,400
-1,700
| -2% | -$21K |
|
|
NATL
2407
DELISTED
National Interstate Corporation
NATL
| $936K | ﹤0.01% |
35,081
-300
| -0.8% | -$8.03K |
|
2408
Simmons First National
SFNC
$3.46B
| $935K | ﹤0.01% |
39,000
-4,200
| -10% | -$96.2K |
|
2409
Shutterstock
SSTK
$217M
| $934K | ﹤0.01% |
30,900
-1,100
| -3% | -$44.2K |
|
|
RTEC
2410
DELISTED
Rudolph Technologies Inc
RTEC
| $933K | ﹤0.01% |
74,900
-2,500
| -3% | -$30.7K |
|
|
YDKG
2411
Yueda Digital Holding
YDKG
$5.81M
| $932K | ﹤0.01% |
87
-30
| -26% | -$283K |
|
2412
German American Bancorp
GABC
$1.92B
| $931K | ﹤0.01% |
47,700
+5,250
| +12% | +$103K |
|
2413
Citizens
CIA
$198M
| $930K | ﹤0.01% |
125,300
-4,300
| -3% | -$28.8K |
|
2414
LivePerson
LPSN
$35.9M
| $929K | ﹤0.01% |
8,193
-280
| -3% | -$37.9K |
|
|
KMI.WS
2415
DELISTED
Kinder Morgan Inc
KMI.WS
| $926K | ﹤0.01% |
1,007,001
| – | – |
|
|
FLY
2416
DELISTED
Fly Leasing Limited
FLY
| $920K | ﹤0.01% |
69,700
-10,100
| -13% | -$143K |
|
|
DX
2417
Dynex Capital
DX
$3.23B
| $917K | ﹤0.01% |
46,600
+9,700
| +26% | +$203K |
|
2418
MYR Group
MYRG
$5.1B
| $917K | ﹤0.01% |
35,000
+2,800
| +9% | +$80.6K |
|
2419
Park Aerospace
PKE
$811M
| $916K | ﹤0.01% |
52,100
-1,800
| -3% | -$31.8K |
|
|
PRSU
2420
Pursuit Attractions and Hospitality Inc
PRSU
$1.29B
| $913K | ﹤0.01% |
31,500
-1,100
| -3% | -$30.4K |
|
2421
Tronox
TROX
$958M
| $910K | ﹤0.01% |
208,300
+52,600
| +34% | +$489K |
|
2422
Movado Group
MOV
$796M
| $909K | ﹤0.01% |
35,200
+4,100
| +13% | +$107K |
|
|
INFI
2423
DELISTED
Infinity Pharmaceuticals, Inc.
INFI
| $909K | ﹤0.01% |
107,600
| – | – |
|
|
AMRN
2424
Amarin Corp
AMRN
$299M
| $908K | ﹤0.01% |
23,525
| – | – |
|
2425
Intrepid Potash
IPI
$484M
| $908K | ﹤0.01% |
16,390
+2,590
| +19% | +$215K |
|
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.