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 | |
|---|---|---|---|---|---|---|
|
DHC
1001
Diversified Healthcare Trust
DHC
$2.04B
| $8.52M | 0.01% |
489,674
+15,842
| +3% | +$314K |
|
1002
New Oriental
EDU
$9.24B
| $8.51M | 0.01% |
347,100
| – | – |
|
|
WGL
1003
DELISTED
Wgl Holdings
WGL
| $8.49M | 0.01% |
156,400
-27,000
| -15% | -$1.51M |
|
1004
Cedar Fair
FUN
$1.62B
| $8.49M | 0.01% |
155,800
+5,100
| +3% | +$292K |
|
|
BWLD
1005
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $8.47M | 0.01% |
54,087
+1,400
| +3% | +$229K |
|
|
ASNA
1006
DELISTED
Ascena Retail Group, Inc.
ASNA
| $8.47M | 0.01% |
25,430
-633
| -2% | -$194K |
|
|
SUSQ
1007
DELISTED
SUSQUEHANNA BANCSHARES INC
SUSQ
| $8.47M | 0.01% |
599,639
-32,600
| -5% | -$453K |
|
|
WX
1008
DELISTED
WUXI PHARMATECH, CAYMAN INC REPSTG 8 ORD SHS
WX
| $8.46M | 0.01% |
200,300
+5,500
| +3% | +$232K |
|
1009
Trex
TREX
$4.91B
| $8.46M | 0.01% |
684,800
+69,200
| +11% | +$887K |
|
|
PLCM
1010
DELISTED
POLYCOM INC
PLCM
| $8.45M | 0.01% |
738,342
-83,710
| -10% | -$1.09M |
|
|
HOLI
1011
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $8.43M | 0.01% |
350,600
-36,687
| -9% | -$881K |
|
|
ALR
1012
DELISTED
Alere Inc
ALR
| $8.42M | 0.01% |
159,644
-22,375
| -12% | -$1.13M |
|
|
TCF
1013
DELISTED
TCF Financial Corporation
TCF
| $8.42M | 0.01% |
506,900
-46,900
| -8% | -$754K |
|
|
SINA
1014
DELISTED
Sina Corp
SINA
| $8.39M | 0.01% |
156,600
| – | – |
|
1015
IPG Photonics
IPGP
$3.61B
| $8.37M | 0.01% |
98,300
+4,556
| +5% | +$428K |
|
1016
CubeSmart
CUBE
$9.23B
| $8.37M | 0.01% |
361,212
+41,200
| +13% | +$972K |
|
|
CHMT
1017
DELISTED
Chemtura Corporation
CHMT
| $8.37M | 0.01% |
295,500
+5,500
| +2% | +$163K |
|
|
FEIC
1018
DELISTED
FEI COMPANY
FEIC
| $8.36M | 0.01% |
100,800
| – | – |
|
1019
Vail Resorts
MTN
$5.21B
| $8.34M | 0.01% |
76,400
-13,956
| -15% | -$1.46M |
|
1020
Cimpress
CMPR
$2.29B
| $8.33M | 0.01% |
99,000
+4,500
| +5% | +$384K |
|
1021
Timken Company
TKR
$8.77B
| $8.32M | 0.01% |
227,400
-13,091
| -5% | -$522K |
|
1022
ScottsMiracle-Gro
SMG
$3.63B
| $8.31M | 0.01% |
140,400
+12,000
| +9% | +$761K |
|
1023
Euronet Worldwide
EEFT
$2.65B
| $8.3M | 0.01% |
134,500
-8,700
| -6% | -$517K |
|
1024
Allison Transmission
ALSN
$10.3B
| $8.29M | 0.01% |
283,400
| – | – |
|
1025
Repligen
RGEN
$9.21B
| $8.29M | 0.01% |
200,900
-13,154
| -6% | -$482K |
|
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.