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 | |
|---|---|---|---|---|---|---|
|
P
1201
DELISTED
Pandora Media Inc
P
| $6.3M | 0.01% |
+405,300
| New | +$7.12M |
|
1202
LXP Industrial Trust
LXP
$3.58B
| $6.29M | 0.01% |
148,389
-25,510
| -15% | -$1.19M |
|
1203
Archrock
AROC
$5.81B
| $6.29M | 0.01% |
192,550
-9,443
| -5% | -$319K |
|
|
AXLL
1204
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $6.28M | 0.01% |
174,300
-125,818
| -42% | -$5.02M |
|
1205
ServiceNow
NOW
$132B
| $6.28M | 0.01% |
422,500
+387,150
| +1,095% | +$5.97M |
|
1206
Louisiana-Pacific
LPX
$5.2B
| $6.28M | 0.01% |
368,500
+3,300
| +0.9% | +$56.1K |
|
|
INFN
1207
DELISTED
Infinera Corporation Common Stock
INFN
| $6.26M | 0.01% |
298,200
+32,300
| +12% | +$657K |
|
1208
Adeia
ADEA
$3.07B
| $6.25M | 0.01% |
621,810
-14,364
| -2% | -$147K |
|
|
PGRE
1209
DELISTED
Paramount Group
PGRE
| $6.25M | 0.01% |
364,100
+300
| +0.1% | +$5.53K |
|
1210
Guidewire Software
GWRE
$14.4B
| $6.24M | 0.01% |
117,900
-13,523
| -10% | -$696K |
|
|
PPO
1211
DELISTED
POLYPORE INTERNATIONAL, INC
PPO
| $6.22M | 0.01% |
103,900
-2,900
| -3% | -$172K |
|
1212
Cabot Corp
CBT
$4.46B
| $6.22M | 0.01% |
166,700
-3,644
| -2% | -$157K |
|
1213
Copa Holdings
CPA
$5.58B
| $6.2M | 0.01% |
75,100
-5,971
| -7% | -$570K |
|
1214
Groupon
GRPN
$933M
| $6.2M | 0.01% |
61,660
+47,641
| +340% | +$6.15M |
|
1215
Olin
OLN
$2.15B
| $6.16M | 0.01% |
228,707
+8,100
| +4% | +$240K |
|
|
DYN
1216
DELISTED
Dynegy, Inc.
DYN
| $6.16M | 0.01% |
210,519
-43,800
| -17% | -$1.42M |
|
1217
Spire
SR
$4.79B
| $6.15M | 0.01% |
118,200
-55,930
| -32% | -$2.92M |
|
|
OVTI
1218
DELISTED
OMNIVISION TECHNOLOGIES INC
OVTI
| $6.15M | 0.01% |
234,900
-35,947
| -13% | -$963K |
|
|
CYS
1219
DELISTED
CYS Investments Inc.
CYS
| $6.13M | 0.01% |
792,600
+120,200
| +18% | +$1.06M |
|
1220
Cleveland-Cliffs
CLF
$7.13B
| $6.11M | 0.01% |
1,412,000
+181,410
| +15% | +$965K |
|
|
LTRPA
1221
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $6.11M | 0.01% |
189,700
-2,764
| -1% | -$83.9K |
|
|
MDCO
1222
DELISTED
Medicines Co
MDCO
| $6.11M | 0.01% |
213,600
+100
| +0% | +$2.79K |
|
|
WPG
1223
DELISTED
Washington Prime Group Inc.
WPG
| $6.11M | 0.01% |
+50,176
| New | +$6.62M |
|
1224
Vishay Intertechnology
VSH
$5.08B
| $6.08M | 0.01% |
520,400
-304,023
| -37% | -$3.91M |
|
1225
Integra LifeSciences
IART
$1.33B
| $6.06M | 0.01% |
220,182
+25,687
| +13% | +$685K |
|
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.