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 | |
|---|---|---|---|---|---|---|
|
BMCH
1226
DELISTED
BMC Stock Holdings, Inc
BMCH
| $6.06M | 0.01% |
310,000
| – | – |
|
|
HPP
1227
Hudson Pacific Properties
HPP
$740M
| $6.05M | 0.01% |
30,443
-1,817
| -6% | -$390K |
|
|
SONC
1228
DELISTED
Sonic Corp
SONC
| $6.04M | 0.01% |
209,900
-14,700
| -7% | -$451K |
|
|
CKH
1229
DELISTED
Seacor Holdings Inc.
CKH
| $6.03M | 0.01% |
87,909
-4,136
| -4% | -$288K |
|
1230
Cathay General Bancorp
CATY
$4.23B
| $6.03M | 0.01% |
185,800
+15,400
| +9% | +$466K |
|
|
RGC
1231
DELISTED
Regal Entertainment Group
RGC
| $6.02M | 0.01% |
287,800
-37,600
| -12% | -$810K |
|
1232
Choice Hotels
CHH
$4.62B
| $6.02M | 0.01% |
110,900
-1,100
| -1% | -$64.4K |
|
|
BGC
1233
DELISTED
General Cable Corporation
BGC
| $6M | 0.01% |
304,300
+26,100
| +9% | +$485K |
|
1234
Axos Financial
AX
$5.63B
| $5.99M | 0.01% |
226,800
+16,400
| +8% | +$390K |
|
1235
Gran Tierra Energy
GTE
$317M
| $5.99M | 0.01% |
200,900
+4,187
| +2% | +$137K |
|
|
BRLI
1236
DELISTED
BIO-REFERENCE LABS INC-NEW-
BRLI
| $5.97M | 0.01% |
144,800
+15,100
| +12% | +$541K |
|
1237
H.B. Fuller
FUL
$3.29B
| $5.97M | 0.01% |
147,000
-3,900
| -3% | -$165K |
|
1238
Brink's
BCO
$4.55B
| $5.97M | 0.01% |
202,857
-6,730
| -3% | -$203K |
|
1239
GoPro
GPRO
$121M
| $5.96M | 0.01% |
113,000
+103,000
| +1,030% | +$5.29M |
|
1240
PBF Energy
PBF
$7.86B
| $5.96M | 0.01% |
209,600
+9,950
| +5% | +$280K |
|
|
SCTY
1241
DELISTED
SolarCity Corporation
SCTY
| $5.95M | 0.01% |
111,140
-2,937
| -3% | -$171K |
|
|
TXNM
1242
TXNM Energy Inc
TXNM
$5.91B
| $5.95M | 0.01% |
241,900
-49,050
| -17% | -$1.31M |
|
|
CNW
1243
DELISTED
CON-WAY INC.
CNW
| $5.94M | 0.01% |
154,700
+57,850
| +60% | +$2.4M |
|
1244
KB Home
KBH
$3.47B
| $5.93M | 0.01% |
357,500
+32,900
| +10% | +$502K |
|
1245
Neogen
NEOG
$2.49B
| $5.93M | 0.01% |
333,467
-1,066
| -0.3% | -$18.5K |
|
|
MRC
1246
DELISTED
MRC Global
MRC
| $5.93M | 0.01% |
384,100
+42,096
| +12% | +$635K |
|
1247
Oxford Industries
OXM
$556M
| $5.93M | 0.01% |
67,819
+900
| +1% | +$71.3K |
|
|
AMED
1248
DELISTED
Amedisys
AMED
| $5.93M | 0.01% |
149,200
-63,400
| -30% | -$1.98M |
|
1249
Bright Horizons
BFAM
$3.81B
| $5.91M | 0.01% |
102,200
+79,400
| +348% | +$4.33M |
|
1250
IQVIA
IQV
$39.8B
| $5.9M | 0.01% |
81,200
+38,100
| +88% | +$2.61M |
|
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.