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 | |
|---|---|---|---|---|---|---|
1901
Universal Insurance Holdings
UVE
$1.19B
| $2.51M | ﹤0.01% |
103,900
-19,700
| -16% | -$503K |
|
1902
Insulet
PODD
$10B
| $2.51M | ﹤0.01% |
81,000
-23,486
| -22% | -$692K |
|
1903
DXP Enterprises
DXPE
$3.03B
| $2.51M | ﹤0.01% |
53,900
-8,500
| -14% | -$376K |
|
|
VSI
1904
DELISTED
Vitamin Shoppe Inc.
VSI
| $2.5M | ﹤0.01% |
67,100
+1,200
| +2% | +$48.1K |
|
1905
EXL Service
EXLS
$5.29B
| $2.49M | ﹤0.01% |
360,000
+28,000
| +8% | +$195K |
|
|
MTGE
1906
DELISTED
MTGE Investment Corp. Common Stock
MTGE
| $2.48M | ﹤0.01% |
155,300
-23,900
| -13% | -$419K |
|
|
DMND
1907
DELISTED
DIAMOND FOODS, INC.
DMND
| $2.48M | ﹤0.01% |
78,922
+16,922
| +27% | +$515K |
|
|
YELL
1908
DELISTED
Yellow Corporation Common Stock
YELL
| $2.47M | ﹤0.01% |
190,599
+117,800
| +162% | +$1.76M |
|
|
NFBK
1909
DELISTED
Northfield Bancorp
NFBK
| $2.47M | ﹤0.01% |
164,100
+22,700
| +16% | +$335K |
|
|
SASR
1910
DELISTED
Sandy Spring Bancorp Inc
SASR
| $2.47M | ﹤0.01% |
88,200
| – | – |
|
|
AEGN
1911
DELISTED
Aegion Corp
AEGN
| $2.47M | ﹤0.01% |
130,200
-13,000
| -9% | -$239K |
|
1912
Insmed
INSM
$29B
| $2.46M | ﹤0.01% |
100,800
| – | – |
|
|
ECHO
1913
DELISTED
Echo Global Logistics, Inc.
ECHO
| $2.46M | ﹤0.01% |
75,392
-21,780
| -22% | -$661K |
|
|
TGP
1914
DELISTED
Teekay LNG Partners L.P.
TGP
| $2.45M | ﹤0.01% |
76,100
-700
| -0.9% | -$25.3K |
|
|
AMRI
1915
DELISTED
Albany Molecular Research Inc
AMRI
| $2.45M | ﹤0.01% |
121,000
-9,400
| -7% | -$181K |
|
|
EQM
1916
DELISTED
EQM Midstream Partners, LP
EQM
| $2.45M | ﹤0.01% |
30,000
-2,300
| -7% | -$191K |
|
|
PKD
1917
DELISTED
Parker Drilling Company
PKD
| $2.44M | ﹤0.01% |
49,100
-43,273
| -47% | -$2.41M |
|
|
LAYN
1918
DELISTED
Layne Christensen Co
LAYN
| $2.44M | ﹤0.01% |
272,700
+75,000
| +38% | +$569K |
|
|
MTSC
1919
DELISTED
MTS Systems Corp
MTSC
| $2.44M | ﹤0.01% |
35,400
+3,900
| +12% | +$275K |
|
|
AREX
1920
DELISTED
Approach Resources Inc.
AREX
| $2.43M | ﹤0.01% |
354,700
| – | – |
|
|
LNW
1921
DELISTED
Light & Wonder
LNW
| $2.42M | ﹤0.01% |
155,662
-82,474
| -35% | -$1.17M |
|
|
AFOP
1922
DELISTED
Alliance Fiber Optic Prod Inc
AFOP
| $2.42M | ﹤0.01% |
130,360
| – | – |
|
1923
Onto Innovation
ONTO
$15.7B
| $2.42M | ﹤0.01% |
149,900
+58,300
| +64% | +$910K |
|
1924
United Fire Group
UFCS
$1.39B
| $2.41M | ﹤0.01% |
73,700
-4,400
| -6% | -$138K |
|
|
PFC
1925
DELISTED
Premier Financial Corp. Common Stock
PFC
| $2.41M | ﹤0.01% |
128,200
+10,600
| +9% | +$187K |
|
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.