California Public Employees Retirement System Trims Kroger Stake

The pension fund reduced its holdings in the grocery retailer by 16.1% in the third quarter.

Mar. 16, 2026 at 8:19am

Got story updates? Submit your updates here. ›

California Public Employees Retirement System, one of the largest pension funds in the United States, cut its position in shares of The Kroger Co. (NYSE:KR) by 16.1% during the third quarter. The firm owned 2,006,282 shares of the company's stock worth $135,243,000 at the end of the reporting period.

Why it matters

Kroger is one of the largest grocery retailers in the U.S., and institutional investors like CalPERS closely monitor and trade the stock. This reduction in CalPERS' Kroger holdings could signal a shift in sentiment around the company among major investors.

The details

According to a regulatory filing, CalPERS sold 385,470 Kroger shares during the third quarter, reducing its total stake to 2,006,282 shares. The pension fund previously owned about 0.30% of Kroger's outstanding shares. Other large investors have also been active in trading Kroger stock, with the Bank of Nova Scotia increasing its position by 102.5% and Liberty One Investment Management LLC boosting its stake by 85%.

  • CalPERS reported the stake reduction in a filing covering the third quarter of 2026.

The players

California Public Employees Retirement System

One of the largest public pension funds in the United States, with over $450 billion in assets under management.

The Kroger Co.

A major American supermarket chain operating over 2,700 stores across the country.

Got photos? Submit your photos here. ›

The takeaway

The reduction in CalPERS' Kroger holdings, while relatively small, could signal a broader shift in sentiment around the grocery retailer among institutional investors. Kroger's performance and strategic positioning will be closely watched in the coming quarters.