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 |
AGN
Allergan plc
AGN
|
+$53.1M |
| 2 |
WFT
Weatherford International plc
WFT
|
+$46.4M |
| 3 |
Liberty Media Series C
FWONK
|
+$27.6M |
| 4 |
Meta Platforms (Facebook)
META
|
+$23.4M |
| 5 |
Alibaba
BABA
|
+$22.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$103M |
| 2 |
FRX
FOREST LABORATORIES INC
FRX
|
+$73.6M |
| 3 |
ExxonMobil
XOM
|
+$45.5M |
| 4 |
HSH
HILLSHIRE BRANDS CO
HSH
|
+$38.7M |
| 5 |
Apple
AAPL
|
+$32.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16% |
| 2 | Technology | 14.25% |
| 3 | Healthcare | 13.08% |
| 4 | Industrials | 10.73% |
| 5 | Energy | 9.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CHK
276
DELISTED
Chesapeake Energy Corporation
CHK
| $51.2M | 0.07% |
11,131
-254
| -2% | -$1.34M |
|
277
Progressive
PGR
$125B
| $50.8M | 0.07% |
2,010,009
-92,200
| -4% | -$2.27M |
|
278
Bread Financial
BFH
$4.38B
| $50.4M | 0.07% |
254,603
-2,992
| -1% | -$628K |
|
|
CAM
279
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
| $50.2M | 0.07% |
756,362
-1,090
| -0.1% | -$77.3K |
|
280
Consolidated Edison
ED
$39.9B
| $50.1M | 0.07% |
884,346
+38,100
| +5% | +$2.16M |
|
281
Constellation Brands
STZ
$23.2B
| $50.1M | 0.07% |
574,785
+18,896
| +3% | +$1.64M |
|
|
MMP
282
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $50M | 0.07% |
594,298
+900
| +0.2% | +$74.8K |
|
283
Harley-Davidson
HOG
$2.71B
| $49.9M | 0.07% |
857,483
+20,100
| +2% | +$1.29M |
|
284
W.W. Grainger
GWW
$60.2B
| $49.7M | 0.07% |
197,369
-803
| -0.4% | -$197K |
|
285
Plains All American Pipeline
PAA
$16.1B
| $49.6M | 0.07% |
842,117
+2,000
| +0.2% | +$117K |
|
|
SPLS
286
DELISTED
Staples Inc
SPLS
| $49.5M | 0.07% |
4,094,091
+99,500
| +2% | +$1.17M |
|
|
CERN
287
DELISTED
Cerner Corp
CERN
| $49.4M | 0.07% |
829,896
+3,600
| +0.4% | +$202K |
|
288
Weyerhaeuser
WY
$18.4B
| $49.1M | 0.07% |
1,542,448
-407,722
| -21% | -$13.4M |
|
289
Avnet
AVT
$7.92B
| $49.1M | 0.07% |
1,183,912
+7,600
| +0.6% | +$331K |
|
|
GAP
290
The Gap Inc
GAP
$7.37B
| $48.8M | 0.07% |
1,170,825
+25,600
| +2% | +$1.09M |
|
|
MJN
291
DELISTED
Mead Johnson Nutrition Company
MJN
| $48.7M | 0.07% |
506,610
-62,900
| -11% | -$5.96M |
|
292
Healthpeak Properties
DOC
$14.8B
| $48.7M | 0.07% |
1,345,884
-34,642
| -3% | -$1.31M |
|
293
Motorola Solutions
MSI
$77.4B
| $48.5M | 0.07% |
766,373
+4,500
| +0.6% | +$283K |
|
|
TFCF
294
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $48.4M | 0.07% |
1,451,839
+158,039
| +12% | +$5.33M |
|
295
Kohl's
KSS
$2.19B
| $48.3M | 0.07% |
791,754
+68,940
| +10% | +$3.9M |
|
296
Best Buy
BBY
$17.3B
| $48.2M | 0.07% |
1,434,332
+379,930
| +36% | +$11.9M |
|
|
PRE
297
DELISTED
PARTNERRE LTD
PRE
| $48.1M | 0.07% |
438,070
-6,100
| -1% | -$670K |
|
|
FISV
298
Fiserv Inc
FISV
$27.9B
| $47.9M | 0.07% |
1,481,168
-79,200
| -5% | -$2.5M |
|
299
Lincoln National
LNC
$8.81B
| $47.8M | 0.07% |
893,040
-18,000
| -2% | -$957K |
|
300
AvalonBay Communities
AVB
$26.8B
| $47.7M | 0.07% |
338,596
-9,900
| -3% | -$1.47M |
|
Similar funds
California Public Employees Retirement System's Q3 2014 Portfolio in Review
As of Q3 2014, California Public Employees Retirement System held 3,865 positions worth $72.4B, down 1.6% from $73.5B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q3 2014: portfolio turnover was 4.3%. California Public Employees Retirement System opened 75 new positions and exited 91, leaving the 3,865-position portfolio largely intact.
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 Q3 2014 buy was Weatherford International plc: 2,064,346 shares worth $42.9M.
- California Public Employees Retirement System added most to Allergan plc in Q3 2014, an estimated $53.1M increase.
- California Public Employees Retirement System's biggest Q3 2014 reduction was State Street SPDR S&P Emerging Markets Small Cap ETF, cutting an estimated $103M.
- California Public Employees Retirement System fully exited FOREST LABORATORIES INC in Q3 2014, selling an estimated $73.6M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $72.4B portfolio in Q3 2014.
- California Public Employees Retirement System opened 75 new positions and closed 91 in Q3 2014.
- California Public Employees Retirement System's portfolio value fell 1.6% quarter-over-quarter to $72.4B.
Based on California Public Employees Retirement System's 13F filing for Q3 2014, filed 7 Nov 2014.