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 | |
|---|---|---|---|---|---|---|
1876
TFS Financial
TFSL
$4.83B
| $2.59M | ﹤0.01% |
154,200
-14,000
| -8% | -$210K |
|
|
ATCO
1877
DELISTED
Atlas Corp.
ATCO
| $2.59M | ﹤0.01% |
137,200
+100
| +0.1% | +$1.97K |
|
|
TAL
1878
DELISTED
TAL INTERNATIONAL GROUP, INC.
TAL
| $2.58M | ﹤0.01% |
81,600
+100
| +0.1% | +$3.79K |
|
|
OSG
1879
Octave Specialty Group
OSG
$205M
| $2.58M | ﹤0.01% |
+154,800
| New | +$3.65M |
|
|
MOBI
1880
DELISTED
Sky-mobi Limited ADS
MOBI
| $2.57M | ﹤0.01% |
493,701
| – | – |
|
|
GST
1881
DELISTED
Gastar Exploration Inc.
GST
| $2.57M | ﹤0.01% |
832,000
| – | – |
|
|
BBG
1882
DELISTED
Bill Barrett Corp
BBG
| $2.57M | ﹤0.01% |
298,700
+57,400
| +24% | +$536K |
|
|
TBRG
1883
DELISTED
TruBridge
TBRG
| $2.56M | ﹤0.01% |
48,000
-1,300
| -3% | -$69.8K |
|
|
RSTI
1884
DELISTED
Rofin-Sinar Technologies Inc
RSTI
| $2.56M | ﹤0.01% |
92,900
-15,000
| -14% | -$405K |
|
1885
B&G Foods
BGS
$277M
| $2.56M | ﹤0.01% |
89,600
-1,000
| -1% | -$30K |
|
|
ATSG
1886
DELISTED
Air Transport Services Group
ATSG
| $2.56M | ﹤0.01% |
243,700
-42,664
| -15% | -$428K |
|
|
HT
1887
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $2.56M | ﹤0.01% |
99,693
-19,631
| -16% | -$508K |
|
|
FRP
1888
DELISTED
Fairpoint Communications, Inc.
FRP
| $2.55M | ﹤0.01% |
140,100
-20,800
| -13% | -$401K |
|
1889
8x8 Inc
EGHT
$309M
| $2.55M | ﹤0.01% |
284,200
+34,200
| +14% | +$302K |
|
|
OWW
1890
DELISTED
ORBITZ WORLDWIDE, INC
OWW
| $2.54M | ﹤0.01% |
222,600
-111,000
| -33% | -$1.28M |
|
|
FDML
1891
DELISTED
Federal-Mogul Holdings Corporation
FDML
| $2.54M | ﹤0.01% |
223,961
| – | – |
|
1892
Nordic American Tanker
NAT
$1.31B
| $2.54M | ﹤0.01% |
179,928
-80,438
| -31% | -$1.03M |
|
1893
Strategic Education
STRA
$1.81B
| $2.54M | ﹤0.01% |
58,912
-10,200
| -15% | -$500K |
|
|
VASC
1894
DELISTED
Vascular Solutions Inc
VASC
| $2.54M | ﹤0.01% |
73,100
+15,500
| +27% | +$505K |
|
1895
Albany International
AIN
$1.79B
| $2.53M | ﹤0.01% |
63,648
-4,300
| -6% | -$173K |
|
1896
BJ's Restaurants
BJRI
$1.44B
| $2.53M | ﹤0.01% |
52,200
-3,200
| -6% | -$154K |
|
|
MTOR
1897
DELISTED
MERITOR, Inc.
MTOR
| $2.53M | ﹤0.01% |
192,600
-123,198
| -39% | -$1.65M |
|
|
GLOG
1898
DELISTED
GASLOG LTD
GLOG
| $2.52M | ﹤0.01% |
126,500
+31,400
| +33% | +$663K |
|
|
GTI
1899
DELISTED
GRAFTECH INTERNATIONAL LTD
GTI
| $2.52M | ﹤0.01% |
507,345
+55,662
| +12% | +$263K |
|
|
DCOM
1900
DELISTED
Dime Community Bancshares
DCOM
| $2.52M | ﹤0.01% |
148,519
-12,600
| -8% | -$207K |
|
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.