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 |
Apollo Global Management
APO
|
+$733M |
| 2 |
Verizon
VZ
|
+$194M |
| 3 |
EOG Resources
EOG
|
+$189M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$55.3M |
| 5 |
Perrigo
PRGO
|
+$48.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$52.7M |
| 2 |
LIFE
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
|
+$35.3M |
| 3 |
Vodafone
VOD
|
+$33.7M |
| 4 |
Voya Financial
VOYA
|
+$30.5M |
| 5 |
Walmart Inc
WMT
|
+$26.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.45% |
| 2 | Technology | 14.05% |
| 3 | Healthcare | 12.88% |
| 4 | Industrials | 11.33% |
| 5 | Energy | 10.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2251
Eagle Bancorp
EGBN
$878M
| $1.51M | ﹤0.01% |
42,419
-10,400
| -20% | -$348K |
|
|
EMES
2252
DELISTED
Emerge Energy Services LP
EMES
| $1.51M | ﹤0.01% |
21,800
+10,900
| +100% | +$519K |
|
2253
Camden National
CAC
$993M
| $1.51M | ﹤0.01% |
55,950
-1,350
| -2% | -$34.6K |
|
2254
Ameris Bancorp
ABCB
$6.02B
| $1.51M | ﹤0.01% |
65,375
+5,908
| +10% | +$126K |
|
|
LORL
2255
DELISTED
Loral Space and Communications, Inc.
LORL
| $1.51M | ﹤0.01% |
22,200
+5,100
| +30% | +$388K |
|
|
MPX
2256
DELISTED
Marine Products Corp
MPX
| $1.51M | ﹤0.01% |
207,100
+101,300
| +96% | +$862K |
|
|
EXAM
2257
DELISTED
EXAMWORKS GROUP INC COM STK (DE)
EXAM
| $1.51M | ﹤0.01% |
46,315
-4,000
| -8% | -$130K |
|
2258
Atlantic Union Bankshares
AUB
$6.12B
| $1.51M | ﹤0.01% |
60,935
+27,935
| +85% | +$693K |
|
2259
Casella Waste Systems
CWST
$5.77B
| $1.51M | ﹤0.01% |
294,900
-19,800
| -6% | -$106K |
|
2260
Mistras Group
MG
$576M
| $1.5M | ﹤0.01% |
67,800
+17,200
| +34% | +$397K |
|
2261
UFP Technologies
UFPT
$2.49B
| $1.5M | ﹤0.01% |
59,858
| – | – |
|
2262
Renasant Corp
RNST
$3.98B
| $1.5M | ﹤0.01% |
52,644
-5,000
| -9% | -$146K |
|
2263
MarineMax
HZO
$1.15B
| $1.5M | ﹤0.01% |
100,300
| – | – |
|
2264
Burlington
BURL
$21.9B
| $1.49M | ﹤0.01% |
51,000
+46,000
| +920% | +$1.27M |
|
2265
QuinStreet
QNST
$1.18B
| $1.49M | ﹤0.01% |
240,500
-11,400
| -5% | -$84.4K |
|
|
DHIL
2266
DELISTED
Diamond Hill
DHIL
| $1.49M | ﹤0.01% |
12,200
| – | – |
|
|
CALD
2267
DELISTED
Callidus Software, Inc.
CALD
| $1.49M | ﹤0.01% |
134,923
-51,915
| -28% | -$682K |
|
|
CBEY
2268
DELISTED
CBEYOND INC COM STK
CBEY
| $1.49M | ﹤0.01% |
210,300
-29,000
| -12% | -$204K |
|
|
HSII
2269
DELISTED
Heidrick & Struggles
HSII
| $1.49M | ﹤0.01% |
75,100
-26,200
| -26% | -$486K |
|
2270
Interparfums
IPAR
$3.67B
| $1.48M | ﹤0.01% |
42,400
-500
| -1% | -$16.8K |
|
|
CVGW
2271
DELISTED
Calavo Growers
CVGW
| $1.48M | ﹤0.01% |
42,500
+400
| +1% | +$12.7K |
|
|
WBCO
2272
DELISTED
WASHINGTON BANKING CO
WBCO
| $1.48M | ﹤0.01% |
83,293
| – | – |
|
|
OSG
2273
Octave Specialty Group
OSG
$221M
| $1.48M | ﹤0.01% |
50,865
+41,529
| +445% | +$1.15M |
|
|
SMRT
2274
DELISTED
Stein Mart Inc
SMRT
| $1.48M | ﹤0.01% |
107,800
-21,300
| -16% | -$287K |
|
|
CDR
2275
DELISTED
Cedar Realty Trust, Inc
CDR
| $1.47M | ﹤0.01% |
36,864
+13,364
| +57% | +$554K |
|
Similar funds
California Public Employees Retirement System's Q1 2014 Portfolio in Review
As of Q1 2014, California Public Employees Retirement System held 4,098 positions worth $70B, up 1.4% from $69B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
California Public Employees Retirement System's Q1 2014 filing shows 121 new, 1,404 increased, 1,294 reduced and 336 closed positions. Its largest new stake was Perrigo: 310,076 shares worth $46M. The largest sale was State Street SPDR S&P Emerging Markets Small Cap ETF, an estimated $52.7M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 16% a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System's largest Q1 2014 buy was Perrigo: 310,076 shares worth $46M.
- California Public Employees Retirement System added most to Apollo Global Management in Q1 2014, an estimated $733M increase.
- California Public Employees Retirement System's biggest Q1 2014 reduction was State Street SPDR S&P Emerging Markets Small Cap ETF, cutting an estimated $52.7M.
- California Public Employees Retirement System fully exited LIFE TECHNOLOGIES CORP COM STK (DE) in Q1 2014, selling an estimated $35.3M.
- California Public Employees Retirement System's ten largest holdings make up 13% of its $70B portfolio in Q1 2014.
- California Public Employees Retirement System opened 121 new positions and closed 336 in Q1 2014.
- California Public Employees Retirement System's portfolio value rose 1.4% quarter-over-quarter to $70B.
Based on California Public Employees Retirement System's 13F filing for Q1 2014, filed 18 Apr 2014.