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 | |
|---|---|---|---|---|---|---|
|
LGCY
2026
DELISTED
Legacy Reserves Inc. Common Stock
LGCY
| $2.09M | ﹤0.01% |
244,200
-6,900
| -3% | -$76K |
|
|
SAAS
2027
DELISTED
inContact, Inc.
SAAS
| $2.09M | ﹤0.01% |
211,600
| – | – |
|
2028
Kodak
KODK
$987M
| $2.09M | ﹤0.01% |
124,200
+800
| +0.6% | +$15.2K |
|
2029
Columbus McKinnon
CMCO
$564M
| $2.08M | ﹤0.01% |
83,100
-22,200
| -21% | -$551K |
|
|
CKP
2030
DELISTED
CHECKPOINT SYSTEMS INC
CKP
| $2.07M | ﹤0.01% |
203,600
-47,400
| -19% | -$499K |
|
2031
Titan International
TWI
$461M
| $2.06M | ﹤0.01% |
191,900
+28,400
| +17% | +$299K |
|
|
RSO
2032
DELISTED
Resource Capital Corp.
RSO
| $2.06M | ﹤0.01% |
133,050
+10,975
| +9% | +$190K |
|
|
RDUS
2033
DELISTED
Radius Recycling
RDUS
| $2.06M | ﹤0.01% |
117,862
-4,400
| -4% | -$77.3K |
|
|
AFAM
2034
DELISTED
Almost Family Inc
AFAM
| $2.06M | ﹤0.01% |
51,600
+9,400
| +22% | +$387K |
|
|
KKD
2035
DELISTED
KRISPY KREME DOUGHNUTS INC
KKD
| $2.05M | ﹤0.01% |
106,500
| – | – |
|
|
CIO
2036
DELISTED
City Office REIT
CIO
| $2.05M | ﹤0.01% |
165,000
| – | – |
|
|
SCMP
2037
DELISTED
Sucampo Pharmaceuticals, Inc.
SCMP
| $2.04M | ﹤0.01% |
124,300
+77,500
| +166% | +$1.34M |
|
|
MDAS
2038
DELISTED
MEDASSETS INC COM STK (DE)
MDAS
| $2.04M | ﹤0.01% |
92,500
-24,150
| -21% | -$504K |
|
|
INSY
2039
DELISTED
Insys Therapeutics, Inc.
INSY
| $2.04M | ﹤0.01% |
56,700
+42,100
| +288% | +$1.31M |
|
|
TDAY
2040
USA Today Co
TDAY
$1B
| $2.04M | ﹤0.01% |
113,556
+42,000
| +59% | +$896K |
|
2041
Boyd Gaming
BYD
$5.98B
| $2.03M | ﹤0.01% |
136,000
-29,000
| -18% | -$410K |
|
2042
Stoneridge
SRI
$193M
| $2.03M | ﹤0.01% |
173,600
-4,400
| -2% | -$53.1K |
|
|
SIR
2043
DELISTED
SELECT INCOME REIT
SIR
| $2.03M | ﹤0.01% |
223,860
-41,209
| -16% | -$422K |
|
2044
Central Garden & Pet Co Class A
CENTA
$2.4B
| $2.03M | ﹤0.01% |
222,375
-14,625
| -6% | -$121K |
|
|
SZMK
2045
DELISTED
SIZMEK INC COM STK (DE)
SZMK
| $2.02M | ﹤0.01% |
284,700
+70,400
| +33% | +$505K |
|
2046
Helios Technologies
HLIO
$2.68B
| $2.02M | ﹤0.01% |
53,000
-1,300
| -2% | -$50.5K |
|
2047
Aspen Aerogels
ASPN
$510M
| $2.02M | ﹤0.01% |
305,000
| – | – |
|
|
AVID
2048
DELISTED
Avid Technology Inc
AVID
| $2.01M | ﹤0.01% |
151,000
+42,800
| +40% | +$683K |
|
|
XCRA
2049
DELISTED
Xcerra Corporation
XCRA
| $2.01M | ﹤0.01% |
265,800
+32,300
| +14% | +$290K |
|
|
RESI
2050
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $2.01M | ﹤0.01% |
119,300
| – | – |
|
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.