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 | |
|---|---|---|---|---|---|---|
|
AEPI
2326
DELISTED
AEP Industries Inc
AEPI
| $1.32M | ﹤0.01% |
23,900
-5,500
| -19% | -$294K |
|
|
VRTV
2327
DELISTED
VERITIV CORPORATION
VRTV
| $1.32M | ﹤0.01% |
36,127
+13,908
| +63% | +$565K |
|
|
METR
2328
DELISTED
METRO BANCORP, INC COMMON STOCK
METR
| $1.31M | ﹤0.01% |
50,300
+18,200
| +57% | +$476K |
|
2329
Greenlight Captial
GLRE
$503M
| $1.31M | ﹤0.01% |
45,000
+1,000
| +2% | +$30.5K |
|
|
OME
2330
DELISTED
Omega Protein
OME
| $1.31M | ﹤0.01% |
95,300
| – | – |
|
|
TESS
2331
DELISTED
Tessco Technologies Inc
TESS
| $1.3M | ﹤0.01% |
65,675
+14,900
| +29% | +$330K |
|
|
JPEP
2332
DELISTED
JP Energy Partners LP
JPEP
| $1.3M | ﹤0.01% |
100,000
| – | – |
|
2333
Frontline
FRO
$8.49B
| $1.3M | ﹤0.01% |
106,380
-27,020
| -20% | -$361K |
|
2334
Powell Industries
POWL
$7.59B
| $1.3M | ﹤0.01% |
110,700
+22,500
| +26% | +$269K |
|
|
SPPI
2335
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $1.3M | ﹤0.01% |
189,800
-94,700
| -33% | -$601K |
|
2336
PetMed Express
PETS
$42.3M
| $1.29M | ﹤0.01% |
74,900
-19,700
| -21% | -$330K |
|
|
KZ
2337
DELISTED
KongZhong Corporation
KZ
| $1.29M | ﹤0.01% |
176,300
+13,600
| +8% | +$91.4K |
|
2338
Lifecore Biomedical
LFCR
$183M
| $1.29M | ﹤0.01% |
89,600
-3,500
| -4% | -$50.5K |
|
|
ENZY
2339
DELISTED
Enzymotec Ltd
ENZY
| $1.29M | ﹤0.01% |
154,900
| – | – |
|
|
SJT
2340
San Juan Basin Royalty Trust
SJT
$126M
| $1.29M | ﹤0.01% |
120,100
-10,800
| -8% | -$120K |
|
2341
Varonis Systems
VRNS
$4.84B
| $1.29M | ﹤0.01% |
175,200
-59,646
| -25% | -$470K |
|
2342
Winmark
WINA
$1.33B
| $1.29M | ﹤0.01% |
13,100
| – | – |
|
|
CSOD
2343
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $1.29M | ﹤0.01% |
37,000
-4,300
| -10% | -$134K |
|
2344
Corcept Therapeutics
CORT
$12.1B
| $1.29M | ﹤0.01% |
214,000
+60,500
| +39% | +$371K |
|
2345
Weibo
WB
$1.93B
| $1.29M | ﹤0.01% |
75,000
| – | – |
|
|
LL
2346
DELISTED
LL Flooring Holdings, Inc.
LL
| $1.29M | ﹤0.01% |
62,100
| – | – |
|
|
EMES
2347
DELISTED
Emerge Energy Services LP
EMES
| $1.28M | ﹤0.01% |
35,600
-6,700
| -16% | -$281K |
|
2348
Altisource Portfolio Solutions
ASPS
$63.7M
| $1.28M | ﹤0.01% |
5,213
+400
| +8% | +$84.2K |
|
2349
Agree Realty
ADC
$9.13B
| $1.28M | ﹤0.01% |
44,000
+7,400
| +20% | +$229K |
|
|
FTD
2350
DELISTED
FTD Companies, Inc. Common Stock
FTD
| $1.28M | ﹤0.01% |
45,340
| – | – |
|
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.