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 |
Comcast
CMCSA
|
+$70M |
| 2 |
Voya Financial
VOYA
|
+$37.6M |
| 3 |
TWTR
Twitter, Inc.
TWTR
|
+$35M |
| 4 |
American Airlines Group
AAL
|
+$34.7M |
| 5 |
Warner Bros
WBD
|
+$22.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EOG Resources
EOG
|
+$211M |
| 2 |
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
|
+$65.9M |
| 3 |
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$65M |
| 4 |
Apple
AAPL
|
+$61.5M |
| 5 |
ExxonMobil
XOM
|
+$36.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.84% |
| 2 | Technology | 13.76% |
| 3 | Healthcare | 12.46% |
| 4 | Industrials | 11.01% |
| 5 | Energy | 10.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Chubb
CB
$133B
| $141M | 0.19% |
1,364,044
+25,887
| +2% | +$2.65M |
|
102
Danaher
DHR
$144B
| $138M | 0.19% |
2,611,240
-209,341
| -7% | -$10.8M |
|
103
Kimberly-Clark
KMB
$35.8B
| $137M | 0.19% |
1,283,883
-24,768
| -2% | -$2.63M |
|
104
FedEx
FDX
$76.6B
| $135M | 0.18% |
893,026
-44,760
| -5% | -$6.25M |
|
|
TWC
105
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $134M | 0.18% |
909,785
-46,664
| -5% | -$6.55M |
|
106
Exelon
EXC
$46.3B
| $133M | 0.18% |
5,120,661
+422,831
| +9% | +$10.8M |
|
|
BNY
107
Bank of New York Mellon
BNY
$109B
| $133M | 0.18% |
3,546,496
-91,100
| -3% | -$3.15M |
|
108
Dominion Energy
D
$59.8B
| $131M | 0.18% |
1,837,609
-90,495
| -5% | -$6.35M |
|
109
Delta Air Lines
DAL
$59.4B
| $128M | 0.17% |
3,310,748
-22,663
| -0.7% | -$855K |
|
110
State Street
STT
$51.8B
| $128M | 0.17% |
1,901,239
+67,135
| +4% | +$4.42M |
|
111
Thermo Fisher Scientific
TMO
$221B
| $127M | 0.17% |
1,072,700
-133,900
| -11% | -$15.8M |
|
|
AET
112
DELISTED
Aetna Inc
AET
| $125M | 0.17% |
1,543,930
+55,469
| +4% | +$4.2M |
|
113
Freeport-McMoran
FCX
$97.8B
| $125M | 0.17% |
3,416,250
-73,003
| -2% | -$2.5M |
|
114
Nike
NKE
$61B
| $125M | 0.17% |
3,212,532
-219,400
| -6% | -$8.16M |
|
115
General Dynamics
GD
$105B
| $123M | 0.17% |
1,059,211
-3,100
| -0.3% | -$353K |
|
|
DFS
116
DELISTED
Discover Financial Services
DFS
| $123M | 0.17% |
1,991,339
-24,400
| -1% | -$1.43M |
|
|
COV
117
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
| $123M | 0.17% |
1,368,135
-21,200
| -2% | -$1.59M |
|
118
Blackrock
BLK
$179B
| $123M | 0.17% |
385,375
-2,600
| -0.7% | -$797K |
|
119
TJX Companies
TJX
$169B
| $122M | 0.17% |
4,575,332
-202,896
| -4% | -$5.79M |
|
120
Cigna
CI
$72.2B
| $119M | 0.16% |
1,296,717
+149,640
| +13% | +$12.8M |
|
|
AGN
121
DELISTED
Allergan plc
AGN
| $118M | 0.16% |
528,980
-25,507
| -5% | -$5.28M |
|
|
HES
122
DELISTED
Hess
HES
| $117M | 0.16% |
1,187,830
+44,264
| +4% | +$3.99M |
|
|
PX
123
DELISTED
Praxair Inc
PX
| $117M | 0.16% |
883,268
+8,300
| +0.9% | +$1.09M |
|
124
Adobe
ADBE
$103B
| $117M | 0.16% |
1,617,483
+6,275
| +0.4% | +$405K |
|
125
APA Corp
APA
$14.1B
| $117M | 0.16% |
1,161,536
-1,100
| -0.1% | -$99.6K |
|
Similar funds
California Public Employees Retirement System's Q2 2014 Portfolio in Review
As of Q2 2014, California Public Employees Retirement System held 3,876 positions worth $73.5B, up 5.1% from $70B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
California Public Employees Retirement System's Q2 2014 filing shows 119 new, 1,121 increased, 1,295 reduced and 86 closed positions. Its largest new stake was Voya Financial: 1,053,140 shares worth $38.3M. The largest sale was EOG Resources, an estimated $211M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, down from 16% a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System's largest Q2 2014 buy was Voya Financial: 1,053,140 shares worth $38.3M.
- California Public Employees Retirement System added most to Comcast in Q2 2014, an estimated $70M increase.
- California Public Employees Retirement System's biggest Q2 2014 reduction was EOG Resources, cutting an estimated $211M.
- California Public Employees Retirement System fully exited Weatherford International plc in Q2 2014, selling an estimated $36.7M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $73.5B portfolio in Q2 2014.
- California Public Employees Retirement System opened 119 new positions and closed 86 in Q2 2014.
- California Public Employees Retirement System's portfolio value rose 5.1% quarter-over-quarter to $73.5B.
Based on California Public Employees Retirement System's 13F filing for Q2 2014, filed 14 Aug 2014.