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 | |
|---|---|---|---|---|---|---|
|
LDR
2676
DELISTED
Landauer Inc
LDR
| $797K | ﹤0.01% |
17,700
| – | – |
|
|
IPHI
2677
DELISTED
INPHI CORPORATION
IPHI
| $794K | ﹤0.01% |
50,000
+9,500
| +23% | +$128K |
|
2678
Donegal Group Class A
DGICA
$696M
| $793K | ﹤0.01% |
53,047
| – | – |
|
|
MNR
2679
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $793K | ﹤0.01% |
82,700
| – | – |
|
|
BEAT
2680
DELISTED
BioTelemetry, Inc.
BEAT
| $789K | ﹤0.01% |
79,500
| – | – |
|
2681
AtriCure
ATRC
$2.21B
| $788K | ﹤0.01% |
47,400
+2,400
| +5% | +$49.2K |
|
2682
Brixmor Property Group
BRX
$9.21B
| $787K | ﹤0.01% |
36,268
+5,938
| +20% | +$125K |
|
2683
Zumiez
ZUMZ
$319M
| $786K | ﹤0.01% |
31,500
| – | – |
|
|
NM
2684
DELISTED
Navios Maritime Holdings Inc.
NM
| $786K | ﹤0.01% |
8,830
-5,150
| -37% | -$503K |
|
2685
Pathward Financial
CASH
$1.79B
| $782K | ﹤0.01% |
54,330
+20,400
| +60% | +$285K |
|
|
WTSL
2686
DELISTED
WET SEAL INC CL-A
WTSL
| $782K | ﹤0.01% |
662,900
-15,300
| -2% | -$31.3K |
|
|
VVTV
2687
DELISTED
VALUEVISION MEDIA INC
VVTV
| $781K | ﹤0.01% |
172,200
-180,800
| -51% | -$1.06M |
|
2688
Standard BioTools
LAB
$294M
| $780K | ﹤0.01% |
22,289
-16,923
| -43% | -$745K |
|
2689
RingCentral
RNG
$5.66B
| $779K | ﹤0.01% |
46,200
| – | – |
|
|
ATAXZ
2690
DELISTED
AMERICA FIRST TAX EXEMT INV LP
ATAXZ
| $776K | ﹤0.01% |
+129,995
| New | +$776K |
|
2691
Monarch Casino & Resort
MCRI
$2.2B
| $772K | ﹤0.01% |
43,100
-9,300
| -18% | -$174K |
|
2692
Twin Disc
TWIN
$349M
| $772K | ﹤0.01% |
30,600
+11,100
| +57% | +$274K |
|
|
TRVN
2693
DELISTED
Trevena, Inc.
TRVN
| $772K | ﹤0.01% |
+200
| New | +$981K |
|
2694
Ennis
EBF
$559M
| $771K | ﹤0.01% |
46,888
-7,000
| -13% | -$110K |
|
2695
Lexicon Pharmaceuticals
LXRX
$1.04B
| $771K | ﹤0.01% |
66,757
| – | – |
|
2696
German American Bancorp
GABC
$1.92B
| $770K | ﹤0.01% |
40,950
-15,300
| -27% | -$287K |
|
|
MDCI
2697
DELISTED
MEDICAL ACTION INDS INC
MDCI
| $770K | ﹤0.01% |
108,025
-2,300
| -2% | -$17.2K |
|
2698
Air T
AIRT
$78.1M
| $769K | ﹤0.01% |
94,800
| – | – |
|
|
VITC
2699
DELISTED
VITACOST COM INC COM STK (DE)
VITC
| $769K | ﹤0.01% |
113,300
+63,200
| +126% | +$395K |
|
2700
Omeros
OMER
$1.26B
| $768K | ﹤0.01% |
68,900
| – | – |
|
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.