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 | |
|---|---|---|---|---|---|---|
|
LHCG
1751
DELISTED
LHC Group LLC
LHCG
| $3.06M | ﹤0.01% |
80,000
-5,500
| -6% | -$194K |
|
1752
First Bancorp
FBP
$4.44B
| $3.05M | ﹤0.01% |
633,600
-54,700
| -8% | -$345K |
|
1753
Rambus
RMBS
$10.3B
| $3.05M | ﹤0.01% |
210,400
| – | – |
|
|
ASEI
1754
DELISTED
AMER SCIENCE & ENGR INC.
ASEI
| $3.04M | ﹤0.01% |
69,500
+4,600
| +7% | +$199K |
|
1755
Metallus
MTUS
$911M
| $3.04M | ﹤0.01% |
112,800
-8,100
| -7% | -$239K |
|
1756
Semtech
SMTC
$12.2B
| $3.04M | ﹤0.01% |
153,000
-2,600
| -2% | -$60.6K |
|
|
AAT
1757
American Assets Trust
AAT
$1.38B
| $3.04M | ﹤0.01% |
77,400
+7,900
| +11% | +$320K |
|
|
ECC
1758
Eagle Point Credit Company
ECC
$500M
| $3.04M | ﹤0.01% |
150,000
| – | – |
|
1759
Methode Electronics
MEI
$580M
| $3.03M | ﹤0.01% |
110,400
-7,181
| -6% | -$322K |
|
1760
Emergent Biosolutions
EBS
$229M
| $3.03M | ﹤0.01% |
91,900
+14,200
| +18% | +$440K |
|
1761
Badger Meter
BMI
$3.97B
| $3.02M | ﹤0.01% |
95,200
+200
| +0.2% | +$6.31K |
|
|
CSH
1762
DELISTED
CASH AMERICA INTERNATIONAL INC
CSH
| $3.02M | ﹤0.01% |
115,237
-1,000
| -0.9% | -$26.5K |
|
|
NWHM
1763
DELISTED
THE NEW HOME COMPANY INC.
NWHM
| $3.01M | ﹤0.01% |
174,800
| – | – |
|
1764
US Physical Therapy
USPH
$1.22B
| $3.01M | ﹤0.01% |
54,900
+10,400
| +23% | +$515K |
|
|
FRM
1765
DELISTED
FURMANITE CORPORATION COM
FRM
| $3M | ﹤0.01% |
369,900
+103,600
| +39% | +$851K |
|
1766
Gray Television
GTN
$497M
| $3M | ﹤0.01% |
191,500
| – | – |
|
|
AMWD
1767
DELISTED
American Woodmark
AMWD
| $3M | ﹤0.01% |
54,600
+6,700
| +14% | +$357K |
|
1768
Entegris
ENTG
$22.8B
| $2.99M | ﹤0.01% |
205,300
-600
| -0.3% | -$8.41K |
|
|
PAMT
1769
PAMT Corp
PAMT
$289M
| $2.99M | ﹤0.01% |
206,000
+21,200
| +11% | +$314K |
|
|
CTCT
1770
DELISTED
CONSTANT CONTACT, INC COM
CTCT
| $2.98M | ﹤0.01% |
103,800
+6,900
| +7% | +$219K |
|
1771
Navios Maritime Partners
NMM
$2.24B
| $2.98M | ﹤0.01% |
18,593
-80
| -0.4% | -$13.9K |
|
|
REV
1772
DELISTED
Revlon, Inc.
REV
| $2.97M | ﹤0.01% |
80,978
-31,306
| -28% | -$1.19M |
|
|
PVA
1773
DELISTED
PENN VIRGINIA CORP
PVA
| $2.97M | ﹤0.01% |
678,500
-54,989
| -7% | -$312K |
|
|
CLVS
1774
DELISTED
Clovis Oncology, Inc.
CLVS
| $2.97M | ﹤0.01% |
33,800
-4,202
| -11% | -$360K |
|
|
TBHC
1775
DELISTED
The Brand House Collective
TBHC
| $2.96M | ﹤0.01% |
106,400
+100
| +0.1% | +$2.51K |
|
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.