California Pension Fund Trims Stake in Entergy Corporation

Entergy shares sold by California Public Employees Retirement System in Q3 2025

Mar. 16, 2026 at 8:19am

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California Public Employees Retirement System, a major institutional investor, reduced its position in Entergy Corporation (NYSE: ETR) by 14.5% in the third quarter of 2025, according to a recent SEC filing. The pension fund now owns approximately 1.39 million shares of the utilities provider, valued at $129.4 million.

Why it matters

Institutional investors like CalPERS closely monitor and adjust their holdings in major public companies. This move by the large pension fund could signal a shift in sentiment around Entergy Corporation, which provides electricity to customers across parts of the southern United States.

The details

According to the SEC filing, CalPERS sold 236,393 shares of Entergy in the third quarter, reducing its total stake by 14.5%. The pension fund now owns around 0.31% of Entergy's outstanding shares. No specific reasons were given for the portfolio adjustment.

  • CalPERS filed the 13F report disclosing the Entergy share sale in the third quarter of 2025.

The players

California Public Employees Retirement System

A major U.S. public pension fund that manages investments on behalf of California state and public employees.

Entergy Corporation

An integrated energy company that generates, transmits and distributes electricity to customers across parts of Arkansas, Louisiana, Mississippi and Texas.

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The takeaway

The reduction in CalPERS' Entergy holdings, while relatively small, could signal a shift in sentiment around the utility company among major institutional investors. However, without further details, it's difficult to determine the specific reasons behind the portfolio adjustment.