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 | |
|---|---|---|---|---|---|---|
|
PRFT
1601
DELISTED
Perficient Inc
PRFT
| $3.65M | 0.01% |
189,800
-3,900
| -2% | -$77.7K |
|
1602
Columbia Banking Systems
COLB
$8.96B
| $3.65M | 0.01% |
112,100
-27,244
| -20% | -$831K |
|
1603
Home BancShares
HOMB
$6.21B
| $3.65M | 0.01% |
199,568
-10,000
| -5% | -$173K |
|
|
PES
1604
DELISTED
Pioneer Energy Services Corp.
PES
| $3.64M | 0.01% |
574,100
+36,600
| +7% | +$251K |
|
|
UTIW
1605
DELISTED
UTI WORLDWIDE INC
UTIW
| $3.63M | 0.01% |
363,800
-3,200
| -0.9% | -$30.9K |
|
|
ZINC
1606
DELISTED
HORSEHEAD HLDG CORP COM STK (DE)
ZINC
| $3.62M | 0.01% |
308,700
-7,000
| -2% | -$91.3K |
|
|
CMLP
1607
DELISTED
CRESTWOOD MIDSTREAM PARTNERS LP NEW UTS REP LTD PRT INT (DE)
CMLP
| $3.61M | 0.01% |
322,320
+19,500
| +6% | +$276K |
|
1608
Stride
LRN
$3.36B
| $3.61M | 0.01% |
285,300
+18,700
| +7% | +$279K |
|
|
BFX
1609
DELISTED
BowFlex Inc.
BFX
| $3.61M | 0.01% |
167,800
+22,400
| +15% | +$444K |
|
1610
J&J Snack Foods
JJSF
$1.67B
| $3.61M | 0.01% |
32,600
+5,365
| +20% | +$581K |
|
|
CCEC
1611
Capital Clean Energy Carriers
CCEC
$1.35B
| $3.61M | 0.01% |
65,991
+25,557
| +63% | +$1.61M |
|
|
BBT
1612
Beacon Financial Corp
BBT
$2.67B
| $3.6M | 0.01% |
126,529
+3,029
| +2% | +$84.6K |
|
|
EDR
1613
DELISTED
Education Realty Trust Inc
EDR
| $3.58M | 0.01% |
114,299
-25,000
| -18% | -$832K |
|
1614
Buckle
BKE
$2.36B
| $3.58M | 0.01% |
78,100
+2,100
| +3% | +$96.7K |
|
1615
Apogee Enterprises
APOG
$902M
| $3.57M | 0.01% |
67,900
+13,800
| +26% | +$745K |
|
1616
The Greenbrier Companies
GBX
$1.43B
| $3.57M | 0.01% |
76,200
-13,160
| -15% | -$785K |
|
|
GTLS
1617
DELISTED
Chart Industries
GTLS
| $3.56M | 0.01% |
99,700
| – | – |
|
1618
LCI Industries
LCII
$2.59B
| $3.56M | 0.01% |
61,400
-2,700
| -4% | -$161K |
|
|
SFLY
1619
DELISTED
Shutterfly, Inc.
SFLY
| $3.56M | 0.01% |
74,500
+5,700
| +8% | +$264K |
|
|
SIGM
1620
DELISTED
Sigma Designs Inc
SIGM
| $3.56M | 0.01% |
298,300
-144,700
| -33% | -$1.33M |
|
1621
Booz Allen Hamilton
BAH
$9.57B
| $3.56M | 0.01% |
140,900
-15,354
| -10% | -$416K |
|
1622
Middlesex Water
MSEX
$1.09B
| $3.56M | 0.01% |
157,600
| – | – |
|
|
ABCO
1623
DELISTED
Advisory Board Co
ABCO
| $3.55M | 0.01% |
65,000
+100
| +0.2% | +$5.16K |
|
|
NTLS
1624
DELISTED
NTELOS HLDGS CORP COM
NTLS
| $3.55M | 0.01% |
768,250
+19,100
| +3% | +$122K |
|
|
EQY
1625
DELISTED
Equity One
EQY
| $3.55M | 0.01% |
151,938
+2,200
| +1% | +$55.1K |
|
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.