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 | |
|---|---|---|---|---|---|---|
1026
Dillards
DDS
$9.9B
| $8.27M | 0.01% |
78,600
-19,200
| -20% | -$2.36M |
|
|
PPS
1027
DELISTED
Post Properties
PPS
| $8.26M | 0.01% |
151,896
-19,000
| -11% | -$1.07M |
|
1028
Ciena
CIEN
$54.9B
| $8.24M | 0.01% |
348,000
+20,700
| +6% | +$473K |
|
1029
W.P. Carey
WPC
$16.1B
| $8.23M | 0.01% |
142,634
-1,633
| -1% | -$102K |
|
1030
Liberty Media Series A
FWONA
$23.5B
| $8.2M | 0.01% |
338,363
-23,831
| -7% | -$615K |
|
1031
Diamondrock Hospitality Co
DRH
$2.48B
| $8.19M | 0.01% |
639,478
-4,500
| -0.7% | -$60.7K |
|
|
SC
1032
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $8.19M | 0.01% |
320,100
+60,317
| +23% | +$1.47M |
|
|
JNS
1033
DELISTED
Janus Capital Group Inc
JNS
| $8.16M | 0.01% |
476,400
-52,206
| -10% | -$933K |
|
|
RDC
1034
DELISTED
Rowan Companies Plc
RDC
| $8.15M | 0.01% |
386,300
+297,800
| +336% | +$6.3M |
|
1035
Acadia Pharmaceuticals
ACAD
$5.06B
| $8.09M | 0.01% |
193,100
-4,823
| -2% | -$187K |
|
1036
LPL Financial
LPLA
$29.3B
| $8.08M | 0.01% |
173,800
+6,400
| +4% | +$277K |
|
1037
Texas Roadhouse
TXRH
$13.6B
| $8.08M | 0.01% |
215,800
-22,330
| -9% | -$797K |
|
|
CYBX
1038
DELISTED
CYBERONICS INC
CYBX
| $8.08M | 0.01% |
135,828
-6,200
| -4% | -$390K |
|
|
LCI
1039
DELISTED
Lannett Company, Inc.
LCI
| $8.05M | 0.01% |
33,850
+3,475
| +11% | +$834K |
|
1040
RLI Corp
RLI
$5.83B
| $8.04M | 0.01% |
313,044
-25,800
| -8% | -$650K |
|
1041
Gaming and Leisure Properties
GLPI
$12.5B
| $8.03M | 0.01% |
219,144
+6,600
| +3% | +$242K |
|
|
MFA
1042
MFA Financial
MFA
$919M
| $8.03M | 0.01% |
271,750
+13,650
| +5% | +$428K |
|
|
DBD
1043
DELISTED
Diebold Nixdorf Incorporated
DBD
| $8.03M | 0.01% |
229,500
+82,200
| +56% | +$2.9M |
|
|
ABMD
1044
DELISTED
Abiomed Inc
ABMD
| $8.01M | 0.01% |
121,900
-2,420
| -2% | -$161K |
|
1045
Advanced Energy
AEIS
$12.6B
| $7.99M | 0.01% |
290,700
-6,500
| -2% | -$176K |
|
1046
Synaptics
SYNA
$4.09B
| $7.98M | 0.01% |
92,000
+7,500
| +9% | +$684K |
|
|
PDCE
1047
DELISTED
PDC Energy, Inc.
PDCE
| $7.97M | 0.01% |
148,600
+19,967
| +16% | +$1.13M |
|
|
CNL
1048
DELISTED
CLECO CRP (HOLDING CO)
CNL
| $7.95M | 0.01% |
147,600
-13,500
| -8% | -$733K |
|
1049
Allegiant Air
ALGT
$2.41B
| $7.94M | 0.01% |
44,647
+5,150
| +13% | +$854K |
|
1050
ACI Worldwide
ACIW
$5.34B
| $7.94M | 0.01% |
323,100
+200
| +0.1% | +$4.7K |
|
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.