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 | |
|---|---|---|---|---|---|---|
1701
Adtran
ADTN
$630M
| $3.23M | ﹤0.01% |
198,800
+2,215
| +1% | +$38K |
|
1702
Global Partners
GLP
$1.69B
| $3.23M | ﹤0.01% |
99,600
+89,800
| +916% | +$3.44M |
|
|
ADVS
1703
DELISTED
Advent Software Inc
ADVS
| $3.23M | ﹤0.01% |
73,000
-115,900
| -61% | -$5.07M |
|
|
BPFH
1704
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $3.23M | ﹤0.01% |
240,500
-17,989
| -7% | -$230K |
|
|
BTU
1705
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
| $3.22M | ﹤0.01% |
97,968
+24,780
| +34% | +$1.45M |
|
1706
Barrett Business Services
BBSI
$766M
| $3.21M | ﹤0.01% |
354,000
-9,600
| -3% | -$96.9K |
|
1707
Alliance Resource Partners
ARLP
$3.18B
| $3.21M | ﹤0.01% |
128,700
-13,600
| -10% | -$414K |
|
|
VG
1708
DELISTED
Vonage Holdings Corporation
VG
| $3.21M | ﹤0.01% |
654,000
-300
| -0% | -$1.44K |
|
1709
Capitol Federal Financial
CFFN
$1.09B
| $3.21M | ﹤0.01% |
266,500
-6,600
| -2% | -$80.3K |
|
1710
UNIFI
UFI
$132M
| $3.2M | ﹤0.01% |
95,600
-3,900
| -4% | -$133K |
|
|
ARIA
1711
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $3.19M | ﹤0.01% |
385,800
| – | – |
|
|
RENT
1712
DELISTED
RENTRAK CORP
RENT
| $3.19M | ﹤0.01% |
45,700
-9,699
| -18% | -$585K |
|
|
FNFV
1713
DELISTED
Fidelity Natl Financial, Inc.
FNFV
| $3.19M | ﹤0.01% |
207,120
| – | – |
|
|
CMO
1714
DELISTED
Capstead Mortgage Corp.
CMO
| $3.19M | ﹤0.01% |
286,900
-38,400
| -12% | -$453K |
|
1715
Veeco
VECO
$3.03B
| $3.18M | ﹤0.01% |
110,600
-21,000
| -16% | -$645K |
|
1716
Ironwood Pharmaceuticals
IRWD
$696M
| $3.17M | ﹤0.01% |
314,380
| – | – |
|
|
VNET
1717
VNET Group
VNET
$2.13B
| $3.17M | ﹤0.01% |
154,600
-278,216
| -64% | -$5.57M |
|
|
TSL
1718
DELISTED
Trina Solar Limited
TSL
| $3.17M | ﹤0.01% |
272,300
-12,000
| -4% | -$148K |
|
1719
First Commonwealth Financial
FCF
$2.18B
| $3.17M | ﹤0.01% |
330,176
-8,000
| -2% | -$73.7K |
|
|
ANDX
1720
DELISTED
Andeavor Logistics LP
ANDX
| $3.16M | ﹤0.01% |
55,400
-2,600
| -4% | -$149K |
|
|
TPLM
1721
DELISTED
Triangle Petroleum Corporation
TPLM
| $3.16M | ﹤0.01% |
630,200
-8,926
| -1% | -$47.9K |
|
|
NEWP
1722
DELISTED
NEWPORT CORP
NEWP
| $3.16M | ﹤0.01% |
166,600
-3,100
| -2% | -$60.1K |
|
1723
ePlus
PLUS
$2.32B
| $3.16M | ﹤0.01% |
164,800
-7,600
| -4% | -$159K |
|
|
SNCR
1724
DELISTED
Synchronoss Technologies
SNCR
| $3.15M | ﹤0.01% |
7,656
+812
| +12% | +$349K |
|
1725
Fabrinet
FN
$18.7B
| $3.15M | ﹤0.01% |
168,000
| – | – |
|
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.