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 | 16.28% |
| 2 | Technology | 13.7% |
| 3 | Healthcare | 12.53% |
| 4 | Industrials | 11.17% |
| 5 | Energy | 9.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Regions Financial
RF
$26.8B
| $58.8M | 0.08% |
5,516,775
+365,450
| +7% | +$3.85M |
|
227
Intuitive Surgical
ISRG
$134B
| $58.4M | 0.08% |
1,073,511
+3,825
| +0.4% | +$180K |
|
228
Equity Residential
EQR
$25.1B
| $57.8M | 0.08% |
962,779
+108,827
| +13% | +$6.14M |
|
229
Kinder Morgan
KMI
$68.7B
| $57.1M | 0.08% |
1,729,218
-111,841
| -6% | -$3.75M |
|
|
STJ
230
DELISTED
St Jude Medical
STJ
| $56.7M | 0.08% |
901,701
+60,708
| +7% | +$3.95M |
|
231
Avnet
AVT
$7.92B
| $56.7M | 0.08% |
1,222,062
-166,332
| -12% | -$7.12M |
|
232
Entergy
ETR
$50B
| $56.5M | 0.08% |
1,610,092
+2,220
| +0.1% | +$70.2K |
|
233
Wynn Resorts
WYNN
$10.6B
| $56.2M | 0.08% |
264,145
+10,900
| +4% | +$2.4M |
|
|
TRW
234
DELISTED
TRW AUTOMOTIVE HOLDINGS CORP
TRW
| $55.9M | 0.08% |
690,296
+178,762
| +35% | +$13.9M |
|
235
Parker-Hannifin
PH
$135B
| $55.8M | 0.08% |
466,620
-3,400
| -0.7% | -$408K |
|
236
AutoZone
AZO
$51.1B
| $55.7M | 0.08% |
106,073
-15,819
| -13% | -$8.21M |
|
237
Weyerhaeuser
WY
$18.4B
| $55.6M | 0.08% |
1,947,270
-130,600
| -6% | -$3.93M |
|
238
Netflix
NFLX
$309B
| $55.3M | 0.08% |
11,102,280
+519,960
| +5% | +$2.98M |
|
239
Vornado Realty Trust
VNO
$7.38B
| $55.3M | 0.08% |
753,766
+33,977
| +5% | +$2.35M |
|
240
Liberty Global Class C
LBTYK
$3.49B
| $55.3M | 0.08% |
1,794,279
+700,893
| +64% | +$23.4M |
|
241
Carnival Corporation Ltd
CCL
$39.7B
| $54.8M | 0.08% |
1,442,912
+69,530
| +5% | +$2.76M |
|
|
K
242
DELISTED
Kellanova
K
| $54.7M | 0.08% |
905,241
-22,231
| -2% | -$1.26M |
|
243
Sherwin-Williams
SHW
$89.8B
| $54.6M | 0.08% |
854,337
+77,370
| +10% | +$4.99M |
|
244
Sysco
SYY
$40.3B
| $54.5M | 0.08% |
1,521,946
-44,403
| -3% | -$1.59M |
|
245
Pentair
PNR
$11B
| $54.5M | 0.08% |
1,034,111
+32,493
| +3% | +$1.7M |
|
246
Ventas
VTR
$47.9B
| $54.2M | 0.08% |
742,152
+64,721
| +10% | +$4.5M |
|
|
CHK
247
DELISTED
Chesapeake Energy Corporation
CHK
| $54.1M | 0.08% |
10,944
-593
| -5% | -$2.89M |
|
|
SNDK
248
DELISTED
SANDISK CORP
SNDK
| $54.1M | 0.08% |
686,900
-32,360
| -4% | -$2.39M |
|
249
United Airlines
UAL
$42.1B
| $54M | 0.08% |
1,247,496
+272,014
| +28% | +$12.2M |
|
250
Bread Financial
BFH
$4.38B
| $53.8M | 0.08% |
262,948
-13,466
| -5% | -$2.89M |
|
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.