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 | |
|---|---|---|---|---|---|---|
|
NWLIA
2251
DELISTED
NATL WESTN LIFE INS CO CL A
NWLIA
| $1.47M | ﹤0.01% |
6,149
-1,100
| -15% | -$264K |
|
|
VLP
2252
DELISTED
Valero Energy Partners LP
VLP
| $1.47M | ﹤0.01% |
28,786
-2,200
| -7% | -$112K |
|
2253
Ambarella
AMBA
$3.64B
| $1.47M | ﹤0.01% |
+14,300
| New | +$1.25M |
|
|
THR
2254
DELISTED
Thermon Group Holdings
THR
| $1.47M | ﹤0.01% |
61,000
-3,100
| -5% | -$72.8K |
|
2255
Plug Power
PLUG
$3.1B
| $1.47M | ﹤0.01% |
598,400
-180,400
| -23% | -$472K |
|
|
WPP
2256
DELISTED
WAUSAU PAPER CORP.
WPP
| $1.47M | ﹤0.01% |
159,600
+5,700
| +4% | +$54.9K |
|
2257
Precigen
PGEN
$2.46B
| $1.46M | ﹤0.01% |
30,270
-1,120
| -4% | -$47.2K |
|
|
NXTM
2258
DELISTED
NxStage Medical Inc.
NXTM
| $1.46M | ﹤0.01% |
102,500
-4,300
| -4% | -$72.8K |
|
|
FBRC
2259
DELISTED
FBR & Co. Common Stock
FBRC
| $1.46M | ﹤0.01% |
63,100
+31,300
| +98% | +$694K |
|
2260
Arrow Financial
AROW
$644M
| $1.46M | ﹤0.01% |
69,652
-1,292
| -2% | -$26.5K |
|
|
BALT
2261
DELISTED
BALTIC TRADING LIMITED COMMON STOCK
BALT
| $1.46M | ﹤0.01% |
909,200
| – | – |
|
|
CZR
2262
DELISTED
Caesars Entertainment Corporation
CZR
| $1.46M | ﹤0.01% |
237,800
-10,000
| -4% | -$90.5K |
|
2263
Ennis
EBF
$560M
| $1.45M | ﹤0.01% |
78,200
-7,088
| -8% | -$114K |
|
2264
Atlantic Union Bankshares
AUB
$6.02B
| $1.45M | ﹤0.01% |
62,354
+1,400
| +2% | +$31.2K |
|
|
MRGE
2265
DELISTED
MERGE HEALTHCARE INC COM STK (WI)
MRGE
| $1.45M | ﹤0.01% |
301,700
+101,000
| +50% | +$483K |
|
|
TREC
2266
DELISTED
Trecora Resources
TREC
| $1.45M | ﹤0.01% |
95,700
| – | – |
|
2267
Insteel Industries
IIIN
$633M
| $1.44M | ﹤0.01% |
77,200
-5,891
| -7% | -$120K |
|
|
ORIG
2268
DELISTED
Ocean Rig UDW Inc. Class A Common Shares
ORIG
| $1.44M | ﹤0.01% |
31
-17
| -35% | -$1.13M |
|
|
COWN
2269
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $1.44M | ﹤0.01% |
56,375
-25
| -0% | -$586 |
|
|
OB
2270
DELISTED
Onebeacon Insurance Group Ltd
OB
| $1.44M | ﹤0.01% |
99,100
-4,600
| -4% | -$68.8K |
|
|
CMLS
2271
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
| $1.43M | ﹤0.01% |
88,100
| – | – |
|
|
MCHB
2272
Mechanics Bancorp
MCHB
$3.8B
| $1.43M | ﹤0.01% |
62,565
+37,765
| +152% | +$816K |
|
2273
CBIZ
CBZ
$2.96B
| $1.42M | ﹤0.01% |
147,718
-68,170
| -32% | -$637K |
|
2274
AngioDynamics
ANGO
$651M
| $1.42M | ﹤0.01% |
86,600
-40,100
| -32% | -$666K |
|
|
SSI
2275
DELISTED
Stage Stores Inc
SSI
| $1.42M | ﹤0.01% |
81,000
-43,280
| -35% | -$820K |
|
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.