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 |
Apple
AAPL
|
+$191M |
| 2 |
ExxonMobil
XOM
|
+$166M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$143M |
| 4 |
Microsoft
MSFT
|
+$139M |
| 5 |
Wells Fargo
WFC
|
+$123M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DELL
DELL INC
DELL
|
+$68M |
| 2 |
Melco Resorts & Entertainment
MLCO
|
+$45.3M |
| 3 |
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$32.5M |
| 4 |
NYX
NYSE EURONEXT INC
NYX
|
+$31.4M |
| 5 |
Perrigo
PRGO
|
+$28.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.09% |
| 2 | Technology | 13.86% |
| 3 | Healthcare | 12.39% |
| 4 | Industrials | 11.68% |
| 5 | Energy | 10.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SHOE
2376
Shoe Station Group
SHOE
$414M
| $1.34M | ﹤0.01% |
93,400
-10,132
| -10% | -$138K |
|
2377
Ducommun
DCO
$3.12B
| $1.34M | ﹤0.01% |
45,960
+31,360
| +215% | +$852K |
|
|
DSPG
2378
DELISTED
DSP Group Inc
DSPG
| $1.34M | ﹤0.01% |
137,700
+41,925
| +44% | +$342K |
|
2379
Tompkins Financial
TMP
$1.45B
| $1.34M | ﹤0.01% |
26,100
-545
| -2% | -$26.5K |
|
2380
CorVel
CRVL
$3.31B
| $1.33M | ﹤0.01% |
84,300
+2,052
| +2% | +$29.1K |
|
|
NWY
2381
DELISTED
New York & Co Inc
NWY
| $1.33M | ﹤0.01% |
294,100
-1,366
| -0.5% | -$6.84K |
|
|
RBCN
2382
DELISTED
Rubicon Technology, Inc.
RBCN
| $1.33M | ﹤0.01% |
13,780
-62
| -0.4% | -$6.01K |
|
2383
Regional Management Corp
RM
$307M
| $1.33M | ﹤0.01% |
39,145
+38,945
| +19,473% | +$1.27M |
|
|
SRLP
2384
DELISTED
SPRAGUE RESOURCES LP
SRLP
| $1.33M | ﹤0.01% |
+75,000
| New | +$1.3M |
|
2385
Financial Institutions
FISI
$824M
| $1.32M | ﹤0.01% |
52,700
-590
| -1% | -$13.7K |
|
|
PACT
2386
DELISTED
PACTERA TECHNOLOGY INTL LTD SPONSORED ADR
PACT
| $1.32M | ﹤0.01% |
186,400
| – | – |
|
|
ATRI
2387
DELISTED
Atrion Corp
ATRI
| $1.32M | ﹤0.01% |
4,459
-80
| -2% | -$21.8K |
|
|
GMLP
2388
DELISTED
Golar LNG Partners LP
GMLP
| $1.32M | ﹤0.01% |
43,822
| – | – |
|
|
SREV
2389
DELISTED
ServiceSource International, Inc.
SREV
| $1.32M | ﹤0.01% |
157,290
+57,990
| +58% | +$582K |
|
2390
WSFS Financial
WSFS
$4.17B
| $1.31M | ﹤0.01% |
50,790
+22,548
| +80% | +$527K |
|
|
UCTT
2391
Ultra Clean Holdings
UCTT
$3.86B
| $1.31M | ﹤0.01% |
129,300
+44,900
| +53% | +$404K |
|
|
HDNG
2392
DELISTED
Hardinge Inc
HDNG
| $1.31M | ﹤0.01% |
88,750
-500
| -0.6% | -$7.42K |
|
|
SPA
2393
DELISTED
Sparton
SPA
| $1.31M | ﹤0.01% |
48,199
-400
| -0.8% | -$10.3K |
|
2394
Jakks Pacific
JAKK
$291M
| $1.31M | ﹤0.01% |
20,677
+4,917
| +31% | +$295K |
|
|
CCG
2395
DELISTED
CAMPUS CREST COMMUNITIES INC COM STK (MD)
CCG
| $1.3M | ﹤0.01% |
142,100
+66,100
| +87% | +$649K |
|
|
HMIN
2396
DELISTED
HOMEINNS HOTEL GROUP SPONSORED ADR
HMIN
| $1.3M | ﹤0.01% |
30,100
+2,800
| +10% | +$108K |
|
|
IO
2397
DELISTED
ION Geophysical Corporation
IO
| $1.29M | ﹤0.01% |
26,640
+7,456
| +39% | +$452K |
|
2398
American Vanguard Corp
AVD
$61.4M
| $1.29M | ﹤0.01% |
53,700
+384
| +0.7% | +$10.4K |
|
2399
AeroVironment
AVAV
$9.7B
| $1.29M | ﹤0.01% |
45,300
+2,325
| +5% | +$62.5K |
|
|
ANK
2400
DELISTED
ATLANTIC TELE-NETWORK,INC
ANK
| $1.29M | ﹤0.01% |
22,600
+42
| +0.2% | +$2.39K |
|
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California Public Employees Retirement System's Q4 2013 Portfolio in Review
As of Q4 2013, California Public Employees Retirement System held 4,184 positions worth $69B, up 28% from $54B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
California Public Employees Retirement System deployed $9.68B of net new capital in Q4 2013, opening 203 new positions and adding to 1,884 existing holdings. Its largest new stake was Vodafone: 1,609,157 shares worth $64.1M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 15% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Melco Resorts & Entertainment, an estimated $45.3M trimmed.
- California Public Employees Retirement System's largest Q4 2013 buy was Vodafone: 1,609,157 shares worth $64.1M.
- California Public Employees Retirement System added most to Apple in Q4 2013, an estimated $191M increase.
- California Public Employees Retirement System's biggest Q4 2013 reduction was Melco Resorts & Entertainment, cutting an estimated $45.3M.
- California Public Employees Retirement System fully exited DELL INC in Q4 2013, selling an estimated $68M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $69B portfolio in Q4 2013.
- California Public Employees Retirement System opened 203 new positions and closed 206 in Q4 2013.
- California Public Employees Retirement System's portfolio value rose 28% quarter-over-quarter to $69B.
Based on California Public Employees Retirement System's 13F filing for Q4 2013, filed 11 Feb 2014.