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 | |
|---|---|---|---|---|---|---|
2626
Commercial Vehicle Group
CVGI
$130M
| $865K | ﹤0.01% |
93,200
+82,300
| +755% | +$680K |
|
|
BMTC
2627
DELISTED
Bryn Mawr Bank Corp
BMTC
| $864K | ﹤0.01% |
30,276
| – | – |
|
2628
Stewart Information Services
STC
$2.07B
| $861K | ﹤0.01% |
25,750
+1,118
| +5% | +$38.4K |
|
|
SCAI
2629
DELISTED
Surgical Care Affiliates, Inc.
SCAI
| $860K | ﹤0.01% |
28,400
+18,400
| +184% | +$594K |
|
2630
Culp Inc
CULP
$43.2M
| $859K | ﹤0.01% |
45,200
| – | – |
|
2631
Teekay Tankers
TNK
$2.9B
| $859K | ﹤0.01% |
28,725
+9,337
| +48% | +$292K |
|
|
WSTC
2632
DELISTED
West Corporation
WSTC
| $859K | ﹤0.01% |
+36,400
| New | +$892K |
|
2633
National Healthcare
NHC
$3.44B
| $858K | ﹤0.01% |
15,900
-1,900
| -11% | -$99.6K |
|
|
HALL
2634
DELISTED
Hallmark Financial Services, Inc.
HALL
| $855K | ﹤0.01% |
10,600
+3,480
| +49% | +$304K |
|
2635
Mesa Laboratories
MLAB
$633M
| $854K | ﹤0.01% |
9,800
| – | – |
|
|
RPRX
2636
DELISTED
Repros Therapeutics Inc.
RPRX
| $854K | ﹤0.01% |
54,000
| – | – |
|
2637
Univest Financial
UVSP
$1.19B
| $849K | ﹤0.01% |
42,100
-2,400
| -5% | -$46.6K |
|
2638
WisdomTree
WT
$3.44B
| $848K | ﹤0.01% |
72,190
-30,400
| -30% | -$464K |
|
|
ACW
2639
DELISTED
Accuride Corp
ACW
| $848K | ﹤0.01% |
180,082
-14,500
| -7% | -$61.1K |
|
2640
STRATTEC Security
STRT
$338M
| $847K | ﹤0.01% |
12,154
+3,900
| +47% | +$232K |
|
2641
Utah Medical Products
UTMD
$230M
| $844K | ﹤0.01% |
16,250
| – | – |
|
|
CLCT
2642
DELISTED
Collectors Universe
CLCT
| $844K | ﹤0.01% |
40,600
-300
| -0.7% | -$5.68K |
|
|
PERY
2643
DELISTED
Perry Ellis International Inc
PERY
| $843K | ﹤0.01% |
59,800
+1,000
| +2% | +$15K |
|
|
KNDI
2644
Kandi Technologies Group
KNDI
$64.4M
| $841K | ﹤0.01% |
58,700
+7,400
| +14% | +$111K |
|
|
PHX
2645
DELISTED
PHX Minerals
PHX
| $841K | ﹤0.01% |
38,200
| – | – |
|
|
TSYS
2646
DELISTED
TELECOMMUNICATIONS SYS INC "A"
TSYS
| $839K | ﹤0.01% |
352,900
-79,200
| -18% | -$180K |
|
|
ORBC
2647
DELISTED
ORBCOMM, Inc.
ORBC
| $837K | ﹤0.01% |
128,670
+12,970
| +11% | +$93K |
|
|
LXFT
2648
DELISTED
Luxoft Holding, Inc.
LXFT
| $836K | ﹤0.01% |
26,200
-9,800
| -27% | -$355K |
|
2649
Preferred Bank
PFBC
$1.28B
| $835K | ﹤0.01% |
33,200
+900
| +3% | +$20.5K |
|
|
SIR
2650
DELISTED
SELECT INCOME REIT
SIR
| $835K | ﹤0.01% |
61,457
+56,452
| +1,128% | +$703K |
|
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.