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 | |
|---|---|---|---|---|---|---|
|
MORE
1576
DELISTED
Monogram Residential Trust, Inc.
MORE
| $3.81M | 0.01% |
422,800
| – | – |
|
1577
Calumet Specialty Products
CLMT
$4.12B
| $3.81M | 0.01% |
149,500
+100
| +0.1% | +$2.65K |
|
|
HEP
1578
DELISTED
Holly Energy Partners, L.P.
HEP
| $3.8M | 0.01% |
108,177
-1,500
| -1% | -$49.9K |
|
|
VTLE
1579
DELISTED
Vital Energy
VTLE
| $3.8M | 0.01% |
+15,090
| New | +$4.31M |
|
1580
Blackstone Mortgage Trust
BXMT
$2.43B
| $3.79M | 0.01% |
136,417
+7,200
| +6% | +$216K |
|
|
CAMP
1581
DELISTED
CalAmp Corp.
CAMP
| $3.78M | 0.01% |
9,009
| – | – |
|
1582
Mercury Insurance
MCY
$5.89B
| $3.78M | 0.01% |
67,858
+10,300
| +18% | +$580K |
|
1583
StoneX
SNEX
$7.78B
| $3.77M | 0.01% |
574,088
+278,438
| +94% | +$1.87M |
|
|
FRED
1584
DELISTED
Fred's Inc
FRED
| $3.76M | 0.01% |
194,793
-8,400
| -4% | -$150K |
|
|
AHT
1585
Ashford Hospitality Trust
AHT
$20.8M
| $3.73M | 0.01% |
447
+35
| +8% | +$309K |
|
|
IPCM
1586
DELISTED
IPC HEALTHCARE INC COM DTD
IPCM
| $3.73M | 0.01% |
67,400
+8,800
| +15% | +$447K |
|
|
HIBB
1587
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $3.72M | 0.01% |
79,900
-2,600
| -3% | -$124K |
|
|
AVDL
1588
DELISTED
Avadel Pharmaceuticals
AVDL
| $3.71M | 0.01% |
175,174
+45,500
| +35% | +$816K |
|
|
ALE
1589
DELISTED
Allete
ALE
| $3.71M | 0.01% |
80,000
-43,119
| -35% | -$2.14M |
|
1590
Kulicke & Soffa
KLIC
$4.73B
| $3.7M | 0.01% |
315,970
+28,500
| +10% | +$396K |
|
1591
AMERISAFE
AMSF
$522M
| $3.7M | 0.01% |
78,600
| – | – |
|
1592
Central Pacific Financial
CPF
$1,000M
| $3.7M | 0.01% |
155,700
-14,745
| -9% | -$344K |
|
|
EEQ
1593
DELISTED
Enbridge Energy Management Llc
EEQ
| $3.7M | 0.01% |
156,896
-17,091
| -10% | -$437K |
|
|
BWP
1594
DELISTED
Boardwalk Pipeline Partners
BWP
| $3.69M | 0.01% |
254,500
-18,100
| -7% | -$294K |
|
1595
OneMain Financial
OMF
$7.34B
| $3.68M | 0.01% |
80,200
+27,700
| +53% | +$1.34M |
|
1596
Granite Construction
GVA
$5.47B
| $3.68M | 0.01% |
103,646
-8,400
| -7% | -$307K |
|
1597
ABM Industries
ABM
$2.84B
| $3.67M | 0.01% |
111,800
-39,876
| -26% | -$1.29M |
|
|
TSE
1598
DELISTED
Trinseo
TSE
| $3.67M | 0.01% |
136,900
+8,800
| +7% | +$225K |
|
1599
Otter Tail
OTTR
$3.93B
| $3.67M | 0.01% |
138,000
-9,900
| -7% | -$284K |
|
|
TCF
1600
DELISTED
TCF Financial Corporation Common Stock
TCF
| $3.67M | 0.01% |
111,024
+7,124
| +7% | +$225K |
|
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.