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 | |
|---|---|---|---|---|---|---|
1851
Chesapeake Utilities
CPK
$3.22B
| $2.7M | ﹤0.01% |
50,152
-24,698
| -33% | -$1.28M |
|
|
IPCC
1852
DELISTED
Infinity Property & Casualty C
IPCC
| $2.7M | ﹤0.01% |
35,600
-1,300
| -4% | -$98.5K |
|
|
CZZ
1853
DELISTED
Cosan Limited
CZZ
| $2.7M | ﹤0.01% |
438,200
+50,600
| +13% | +$346K |
|
1854
Compass Diversified
CODI
$927M
| $2.7M | ﹤0.01% |
164,500
+148,900
| +954% | +$2.5M |
|
1855
Southside Bancshares
SBSI
$965M
| $2.7M | ﹤0.01% |
99,269
-8,262
| -8% | -$213K |
|
|
ENLC
1856
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $2.7M | ﹤0.01% |
86,700
| – | – |
|
1857
Coherent
COHR
$64.3B
| $2.68M | ﹤0.01% |
141,400
-3,100
| -2% | -$57.8K |
|
|
ISCA
1858
DELISTED
International Speedway Corp
ISCA
| $2.68M | ﹤0.01% |
73,200
+2,700
| +4% | +$99.3K |
|
|
ARR
1859
Armour Residential REIT
ARR
$2.36B
| $2.68M | ﹤0.01% |
23,835
+4,547
| +24% | +$553K |
|
1860
Radware
RDWR
$1.2B
| $2.67M | ﹤0.01% |
120,500
+21,300
| +21% | +$495K |
|
|
MEG
1861
DELISTED
Media General, Inc
MEG
| $2.67M | ﹤0.01% |
161,639
| – | – |
|
|
ACOR
1862
DELISTED
Acorda Therapeutics
ACOR
| $2.66M | ﹤0.01% |
665
+29
| +5% | +$112K |
|
|
SFY
1863
DELISTED
SWIFT ENERGY CO (HOLDING COMPANY)
SFY
| $2.66M | ﹤0.01% |
1,308,800
+237,400
| +22% | +$586K |
|
|
KAMN
1864
DELISTED
Kaman Corp
KAMN
| $2.65M | ﹤0.01% |
63,300
| – | – |
|
1865
MGE Energy Inc
MGEE
$3.06B
| $2.64M | ﹤0.01% |
68,100
-1,900
| -3% | -$77K |
|
|
WIN
1866
DELISTED
Windstream Holdings Inc
WIN
| $2.64M | ﹤0.01% |
82,637
-206,453
| -71% | -$9.84M |
|
1867
Employers Holdings
EIG
$871M
| $2.63M | ﹤0.01% |
115,300
+1,900
| +2% | +$46.5K |
|
|
PDLI
1868
DELISTED
PDL BioPharma, Inc.
PDLI
| $2.63M | ﹤0.01% |
408,400
-51,550
| -11% | -$345K |
|
|
HOS
1869
DELISTED
Hornbeck Offshore Services, Inc.
HOS
| $2.62M | ﹤0.01% |
127,700
-4,900
| -4% | -$107K |
|
1870
Burlington
BURL
$22.6B
| $2.62M | ﹤0.01% |
51,200
-59,772
| -54% | -$3.2M |
|
|
JOBS
1871
DELISTED
51job Inc
JOBS
| $2.62M | ﹤0.01% |
78,800
-37,904
| -32% | -$1.28M |
|
1872
Quad
QUAD
$502M
| $2.62M | ﹤0.01% |
141,300
-56,040
| -28% | -$1.18M |
|
|
QIWI
1873
DELISTED
QIWI PLC
QIWI
| $2.61M | ﹤0.01% |
93,100
-62,291
| -40% | -$1.77M |
|
|
EPAY
1874
DELISTED
Bottomline Technologies Inc
EPAY
| $2.61M | ﹤0.01% |
93,800
+900
| +1% | +$24.8K |
|
1875
Clear Channel Outdoor Holdings
CCO
$1.23B
| $2.6M | ﹤0.01% |
256,320
+6,200
| +2% | +$67.6K |
|
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.