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 | |
|---|---|---|---|---|---|---|
2276
HEICO Corp
HEI
$52.4B
| $1.47M | ﹤0.01% |
61,035
-2,442
| -4% | -$58.1K |
|
2277
Entravision Communication
EVC
$832M
| $1.47M | ﹤0.01% |
244,065
-57,300
| -19% | -$363K |
|
|
WILN
2278
DELISTED
Wi-LAN Inc.
WILN
| $1.47M | ﹤0.01% |
501,600
| – | – |
|
2279
CorVel
CRVL
$3.32B
| $1.47M | ﹤0.01% |
85,800
+1,500
| +2% | +$24K |
|
|
UBNK
2280
DELISTED
UNITIED FINANCIAL BANCORP INC
UBNK
| $1.47M | ﹤0.01% |
80,809
+15,600
| +24% | +$285K |
|
|
FTD
2281
DELISTED
FTD Companies, Inc. Common Stock
FTD
| $1.46M | ﹤0.01% |
45,340
-52,354
| -54% | -$1.66M |
|
|
MEP
2282
DELISTED
Midcoast Energy Partners, L.P.
MEP
| $1.46M | ﹤0.01% |
+68,200
| New | +$1.39M |
|
2283
STAAR Surgical
STAA
$1.3B
| $1.46M | ﹤0.01% |
85,079
-39,189
| -32% | -$631K |
|
2284
Acacia Research
ACTG
$448M
| $1.46M | ﹤0.01% |
85,800
| – | – |
|
|
RLD
2285
DELISTED
REALD INC COM STK
RLD
| $1.46M | ﹤0.01% |
138,800
-48,900
| -26% | -$489K |
|
2286
Neurocrine Biosciences
NBIX
$15.5B
| $1.46M | ﹤0.01% |
103,500
+4,900
| +5% | +$83.8K |
|
2287
Standex International
SXI
$4.01B
| $1.44M | ﹤0.01% |
26,129
+7,829
| +43% | +$447K |
|
|
HGT
2288
DELISTED
Hugoton Royalty Trust
HGT
| $1.44M | ﹤0.01% |
187,056
| – | – |
|
2289
Materion
MTRN
$5.9B
| $1.44M | ﹤0.01% |
42,900
-2,900
| -6% | -$86.1K |
|
|
MVO
2290
DELISTED
MV Oil Trust
MVO
| $1.43M | ﹤0.01% |
54,000
| – | – |
|
2291
Mercury Systems
MRCY
$6.67B
| $1.42M | ﹤0.01% |
103,100
-2,800
| -3% | -$31.8K |
|
|
AMAG
2292
DELISTED
AMAG Pharmaceuticals
AMAG
| $1.42M | ﹤0.01% |
79,000
| – | – |
|
2293
US Physical Therapy
USPH
$1.21B
| $1.42M | ﹤0.01% |
43,300
| – | – |
|
2294
Natural Resource Partners
NRP
$1.39B
| $1.42M | ﹤0.01% |
8,780
+160
| +2% | +$25.8K |
|
2295
Vera Bradley
VRA
$93M
| $1.42M | ﹤0.01% |
51,100
| – | – |
|
|
AIQ
2296
DELISTED
Alliance Healthcare Services
AIQ
| $1.42M | ﹤0.01% |
43,100
+18,900
| +78% | +$551K |
|
|
EROC
2297
DELISTED
EAGLE ROCK ENERGY PARTNERS, L.P. COM UNITS RPTNG LTD PRTNR
EROC
| $1.42M | ﹤0.01% |
278,800
| – | – |
|
2298
Boyd Gaming
BYD
$6.11B
| $1.41M | ﹤0.01% |
114,500
-74,300
| -39% | -$860K |
|
2299
Griffon
GFF
$4.72B
| $1.4M | ﹤0.01% |
121,727
-13,000
| -10% | -$166K |
|
|
LABL
2300
DELISTED
Multi-Color Corp
LABL
| $1.4M | ﹤0.01% |
39,100
+1,100
| +3% | +$38.1K |
|
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.