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 | |
|---|---|---|---|---|---|---|
2151
John B. Sanfilippo & Son
JBSS
$978M
| $1.75M | ﹤0.01% |
33,800
+13,900
| +70% | +$696K |
|
2152
Perdoceo Education
PRDO
$1.95B
| $1.75M | ﹤0.01% |
531,558
-165,900
| -24% | -$700K |
|
2153
Ingles Markets
IMKTA
$1.65B
| $1.75M | ﹤0.01% |
36,700
-22,547
| -38% | -$1.09M |
|
2154
Haverty Furniture Companies
HVT
$443M
| $1.75M | ﹤0.01% |
81,000
+11,700
| +17% | +$256K |
|
|
ATRI
2155
DELISTED
Atrion Corp
ATRI
| $1.75M | ﹤0.01% |
4,459
-100
| -2% | -$35.7K |
|
2156
McGrath RentCorp
MGRC
$2.95B
| $1.74M | ﹤0.01% |
57,300
-2,200
| -4% | -$70.7K |
|
|
TVRD
2157
Tvardi Therapeutics
TVRD
$22.1M
| $1.73M | ﹤0.01% |
3,958
| – | – |
|
2158
Lifeway Foods
LWAY
$454M
| $1.73M | ﹤0.01% |
90,028
| – | – |
|
2159
Terreno Realty
TRNO
$7.44B
| $1.72M | ﹤0.01% |
87,500
+5,300
| +6% | +$112K |
|
2160
Tempest Therapeutics
TPST
$18.9M
| $1.72M | ﹤0.01% |
20
+4
| +25% | +$366K |
|
2161
Bloomin' Brands
BLMN
$952M
| $1.71M | ﹤0.01% |
80,200
-29,300
| -27% | -$659K |
|
2162
QuidelOrtho
QDEL
$959M
| $1.71M | ﹤0.01% |
74,600
-4,200
| -5% | -$97.8K |
|
|
BNFT
2163
DELISTED
Benefitfocus, Inc.
BNFT
| $1.71M | ﹤0.01% |
39,000
-20,765
| -35% | -$783K |
|
|
MRD
2164
DELISTED
MEMORIAL RESOURCE DEV CORP COM STK (DE)
MRD
| $1.7M | ﹤0.01% |
89,800
-20,400
| -19% | -$393K |
|
|
SHOE
2165
Shoe Station Group
SHOE
$428M
| $1.7M | ﹤0.01% |
118,000
+35,200
| +43% | +$493K |
|
|
QLTY
2166
DELISTED
QUALITY DISTR INC FLA
QLTY
| $1.7M | ﹤0.01% |
110,000
| – | – |
|
2167
Mercury Systems
MRCY
$6.55B
| $1.7M | ﹤0.01% |
115,896
-30,700
| -21% | -$446K |
|
|
RLD
2168
DELISTED
REALD INC COM STK
RLD
| $1.7M | ﹤0.01% |
137,600
-85,000
| -38% | -$1.06M |
|
2169
Geospace Technologies
GEOS
$69.2M
| $1.69M | ﹤0.01% |
73,500
| – | – |
|
|
SPNC
2170
DELISTED
Spectranetics Corp
SPNC
| $1.69M | ﹤0.01% |
73,500
-49,437
| -40% | -$1.38M |
|
|
BBEP
2171
DELISTED
BREITBURN ENERGY PARTNERS LP COM UNITS RPTNG LTD PRTNRSHIP
BBEP
| $1.69M | ﹤0.01% |
354,582
-27,360
| -7% | -$158K |
|
2172
A10 Networks
ATEN
$1.97B
| $1.69M | ﹤0.01% |
261,900
| – | – |
|
|
FUR
2173
DELISTED
WINTHROP REALTY TRUST SHS BENE INT (NEW)
FUR
| $1.68M | ﹤0.01% |
111,083
+29,800
| +37% | +$480K |
|
2174
Martin Midstream Partners
MMLP
$92.3M
| $1.68M | ﹤0.01% |
54,300
+2,800
| +5% | +$97.7K |
|
|
SLAI
2175
DELISTED
SOLAI Ltd ADS
SLAI
| $1.68M | ﹤0.01% |
967
+538
| +125% | +$784K |
|
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.