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 |
Medtronic
MDT
|
+$302M |
| 2 |
Visa
V
|
+$277M |
| 3 |
AGN
Allergan plc
AGN
|
+$101M |
| 4 |
Equinix
EQIX
|
+$36.2M |
| 5 |
Qorvo
QRVO
|
+$30.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan Inc
AGN
|
+$179M |
| 2 |
Wells Fargo
WFC
|
+$126M |
| 3 |
Microsoft
MSFT
|
+$117M |
| 4 |
Johnson & Johnson
JNJ
|
+$97.2M |
| 5 |
Occidental Petroleum
OXY
|
+$97.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16% |
| 2 | Healthcare | 14.6% |
| 3 | Technology | 14.14% |
| 4 | Industrials | 10.84% |
| 5 | Consumer Discretionary | 9.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ULTI
651
DELISTED
Ultimate Software Group Inc
ULTI
| $17.1M | 0.03% |
104,200
-1,681
| -2% | -$284K |
|
652
UGI
UGI
$7.33B
| $17.1M | 0.03% |
497,052
+69,400
| +16% | +$2.46M |
|
|
GRMN
653
Garmin
GRMN
$60B
| $17.1M | 0.03% |
388,700
-34,200
| -8% | -$1.58M |
|
654
Madison Square Garden
MSGS
$9.39B
| $17M | 0.03% |
284,839
+22,292
| +8% | +$1.34M |
|
|
BEAV
655
DELISTED
B/E Aerospace Inc
BEAV
| $16.9M | 0.03% |
307,900
+111,100
| +56% | +$6.61M |
|
656
ON Semiconductor
ON
$31.6B
| $16.9M | 0.03% |
1,444,800
-2,572,226
| -64% | -$31.6M |
|
657
Packaging Corp of America
PKG
$22.8B
| $16.7M | 0.03% |
267,753
-98,893
| -27% | -$6.96M |
|
658
Dentsply Sirona
XRAY
$2.43B
| $16.7M | 0.03% |
323,600
+100
| +0% | +$5.18K |
|
659
Albemarle
ALB
$15.5B
| $16.7M | 0.03% |
301,550
-3,595
| -1% | -$215K |
|
|
HNT
660
DELISTED
HEALTH NET INC
HNT
| $16.6M | 0.03% |
259,500
-87,800
| -25% | -$5.25M |
|
661
Ingredion
INGR
$6.58B
| $16.5M | 0.02% |
207,000
+10,000
| +5% | +$803K |
|
|
PDCO
662
DELISTED
Patterson Companies, Inc.
PDCO
| $16.5M | 0.02% |
338,818
+18,900
| +6% | +$901K |
|
663
Ionis Pharmaceuticals
IONS
$9.4B
| $16.4M | 0.02% |
285,300
+28,500
| +11% | +$1.81M |
|
|
DNB
664
DELISTED
Dun & Bradstreet
DNB
| $16.4M | 0.02% |
134,573
+3,100
| +2% | +$399K |
|
|
PNRA
665
DELISTED
Panera Bread Co
PNRA
| $16.4M | 0.02% |
93,900
+58,400
| +165% | +$10.5M |
|
|
DNY
666
DELISTED
DONNELLEY R R & SONS CO
DNY
| $16.4M | 0.02% |
938,778
-71,512
| -7% | -$1.25M |
|
667
AGCO
AGCO
$7.2B
| $16.4M | 0.02% |
287,963
-4,300
| -1% | -$218K |
|
668
Genworth Financial
GNW
$3.71B
| $16.3M | 0.02% |
2,158,600
-1,067,769
| -33% | -$8.52M |
|
|
FTR
669
DELISTED
Frontier Communications Corp.
FTR
| $16.3M | 0.02% |
219,678
-140,365
| -39% | -$12.5M |
|
670
Flowserve
FLS
$10.2B
| $16.3M | 0.02% |
309,463
-153,176
| -33% | -$8.54M |
|
671
Mid-America Apartment Communities
MAA
$15.7B
| $16.3M | 0.02% |
223,542
+4,800
| +2% | +$363K |
|
672
Lazard
LAZ
$4.31B
| $16.2M | 0.02% |
288,200
-80,500
| -22% | -$4.48M |
|
673
Toll Brothers
TOL
$14.5B
| $16.1M | 0.02% |
422,700
+34,961
| +9% | +$1.31M |
|
674
Hain Celestial
HAIN
$53.7M
| $16.1M | 0.02% |
244,786
+41,800
| +21% | +$2.64M |
|
|
CVC
675
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $16.1M | 0.02% |
672,781
-613,735
| -48% | -$13.3M |
|
Similar funds
California Public Employees Retirement System's Q2 2015 Portfolio in Review
As of Q2 2015, California Public Employees Retirement System held 3,921 positions worth $66.6B, down 8% from $72.4B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
California Public Employees Retirement System withdrew a net $6.88B in Q2 2015, closing 244 positions and reducing 1,591 holdings. Its most notable exit was Allergan Inc, an estimated $179M 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 Healthcare and Technology.
Against the trend, California Public Employees Retirement System opened a new position in Medtronic worth $293M.
- California Public Employees Retirement System's largest Q2 2015 buy was Medtronic: 3,948,339 shares worth $293M.
- California Public Employees Retirement System added most to Visa in Q2 2015, an estimated $277M increase.
- California Public Employees Retirement System's biggest Q2 2015 reduction was Wells Fargo, cutting an estimated $126M.
- California Public Employees Retirement System fully exited Allergan Inc in Q2 2015, selling an estimated $179M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $66.6B portfolio in Q2 2015.
- California Public Employees Retirement System opened 110 new positions and closed 244 in Q2 2015.
- California Public Employees Retirement System's portfolio value fell 8% quarter-over-quarter to $66.6B.
Based on California Public Employees Retirement System's 13F filing for Q2 2015, filed 14 Aug 2015.