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 | |
|---|---|---|---|---|---|---|
|
IVC
1676
DELISTED
Invacare Corporation
IVC
| $3.35M | 0.01% |
154,828
-14,700
| -9% | -$311K |
|
1677
Mine Safety
MSA
$7.51B
| $3.34M | 0.01% |
68,888
-14,486
| -17% | -$695K |
|
|
GLUU
1678
DELISTED
Glu Mobile Inc.
GLUU
| $3.34M | 0.01% |
537,600
-30,700
| -5% | -$188K |
|
1679
Merit Medical Systems
MMSI
$5.46B
| $3.33M | 0.01% |
154,600
| – | – |
|
1680
Rogers Corp
ROG
$2.41B
| $3.33M | 0.01% |
50,300
| – | – |
|
|
TOWR
1681
DELISTED
Tower International, Inc.
TOWR
| $3.33M | 0.01% |
127,700
-14,000
| -10% | -$384K |
|
1682
CNA Financial
CNA
$13.9B
| $3.33M | 0.01% |
87,040
-4,700
| -5% | -$187K |
|
|
WAGE
1683
DELISTED
WageWorks, Inc.
WAGE
| $3.32M | 0.01% |
82,100
-22,700
| -22% | -$1.06M |
|
1684
Greif
GEF
$4.99B
| $3.32M | 0.01% |
92,491
-7,151
| -7% | -$284K |
|
|
BEL
1685
DELISTED
Belmond Ltd.
BEL
| $3.31M | 0.01% |
264,900
+100
| +0% | +$1.26K |
|
1686
SFL Corp
SFL
$1.55B
| $3.31M | 0.01% |
202,700
-14,800
| -7% | -$237K |
|
1687
Orthofix Medical
OFIX
$429M
| $3.31M | 0.01% |
99,800
+6,000
| +6% | +$206K |
|
|
BRS
1688
DELISTED
Bristow Group, Inc.
BRS
| $3.31M | 0.01% |
62,000
-2,332
| -4% | -$137K |
|
1689
AZZ Inc
AZZ
$4.63B
| $3.29M | ﹤0.01% |
63,500
-1,000
| -2% | -$48.6K |
|
1690
California Water Service
CWT
$3.09B
| $3.29M | ﹤0.01% |
143,779
-10,600
| -7% | -$254K |
|
|
NPBC
1691
DELISTED
NATL PENN BANCSHARES INC
NPBC
| $3.28M | ﹤0.01% |
291,003
-8,966
| -3% | -$97.2K |
|
1692
Pacira BioSciences
PCRX
$975M
| $3.27M | ﹤0.01% |
46,300
+1,427
| +3% | +$112K |
|
1693
Virtus Investment Partners
VRTS
$1.13B
| $3.27M | ﹤0.01% |
24,700
-8,867
| -26% | -$1.16M |
|
1694
Wabash National
WNC
$507M
| $3.27M | ﹤0.01% |
260,500
+48,200
| +23% | +$671K |
|
|
PBY
1695
DELISTED
PEP BOYS MANNY MOE& JACK
PBY
| $3.26M | ﹤0.01% |
265,900
-4,800
| -2% | -$48.7K |
|
|
TLN
1696
DELISTED
Talen Energy Corporation
TLN
| $3.26M | ﹤0.01% |
+190,020
| New | +$3.59M |
|
|
ONIT
1697
Onity Group
ONIT
$331M
| $3.26M | ﹤0.01% |
21,293
+1,193
| +6% | +$174K |
|
|
SWC
1698
DELISTED
Stillwater Mining Co
SWC
| $3.23M | ﹤0.01% |
279,100
+11,800
| +4% | +$160K |
|
|
NTK
1699
DELISTED
NORTEK INC COM NEW (DE)
NTK
| $3.23M | ﹤0.01% |
38,900
-8,902
| -19% | -$753K |
|
|
RTI
1700
DELISTED
RTI INTL METALS INC(HLDG CO)
RTI
| $3.23M | ﹤0.01% |
102,600
+4,000
| +4% | +$145K |
|
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.