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 |
Kinder Morgan
KMI
|
+$106M |
| 2 |
Enterprise Products Partners
EPD
|
+$55.4M |
| 3 |
Teva Pharmaceuticals
TEVA
|
+$38.8M |
| 4 |
Alibaba
BABA
|
+$36.5M |
| 5 |
Annaly Capital Management
NLY
|
+$29.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$206M |
| 2 |
Medtronic
MDT
|
+$167M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$114M |
| 4 |
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$79.5M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$75.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.52% |
| 2 | Technology | 14.08% |
| 3 | Healthcare | 13.54% |
| 4 | Industrials | 11.04% |
| 5 | Consumer Discretionary | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MMP
301
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $48.3M | 0.07% |
607,198
+12,900
| +2% | +$1.05M |
|
302
Lincoln National
LNC
$8.81B
| $48.2M | 0.07% |
933,340
+40,300
| +5% | +$2.19M |
|
303
Coca-Cola Europacific Partners
CCEP
$47.9B
| $47.8M | 0.07% |
1,106,198
+119,052
| +12% | +$5.13M |
|
304
Itaú Unibanco
ITUB
$87.5B
| $47.6M | 0.07% |
8,910,825
+902,551
| +11% | +$5.07M |
|
|
TFCF
305
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $47.6M | 0.07% |
1,443,111
-8,728
| -0.6% | -$298K |
|
306
Alaska Air
ALK
$5.58B
| $47.5M | 0.07% |
681,692
+66,300
| +11% | +$3.49M |
|
307
AGNC Investment
AGNC
$12.9B
| $47.2M | 0.07% |
2,156,230
+893,275
| +71% | +$20.1M |
|
308
AXIS Capital
AXS
$7.55B
| $47.1M | 0.07% |
900,045
+340,452
| +61% | +$16.7M |
|
|
SNDK
309
DELISTED
SANDISK CORP
SNDK
| $46.9M | 0.06% |
594,100
-24,955
| -4% | -$2.39M |
|
310
Hershey
HSY
$36.6B
| $46.7M | 0.06% |
427,854
+43,248
| +11% | +$4.21M |
|
|
311
Teva Pharmaceuticals
TEVA
$41.2B
| $46.7M | 0.06% |
790,268
+696,868
| +746% | +$38.8M |
|
312
Ryanair
RYAAY
$31.3B
| $46.6M | 0.06% |
1,663,976
| – | – |
|
|
CHK
313
DELISTED
Chesapeake Energy Corporation
CHK
| $46.6M | 0.06% |
11,509
+378
| +3% | +$1.57M |
|
314
Bunge Global
BG
$20.8B
| $46.6M | 0.06% |
506,622
+92,927
| +22% | +$8.18M |
|
315
Harley-Davidson
HOG
$2.71B
| $46.3M | 0.06% |
740,783
-116,700
| -14% | -$7.54M |
|
316
Nucor
NUE
$62.1B
| $46.2M | 0.06% |
1,030,761
+171,269
| +20% | +$8.91M |
|
317
Perrigo
PRGO
$1.78B
| $46.2M | 0.06% |
295,883
-14,169
| -5% | -$2.22M |
|
318
Republic Services
RSG
$65.7B
| $46.1M | 0.06% |
1,112,713
+39,600
| +4% | +$1.55M |
|
319
Genuine Parts
GPC
$18.7B
| $46.1M | 0.06% |
472,264
+6,900
| +1% | +$676K |
|
320
Roper Technologies
ROP
$39.8B
| $45.9M | 0.06% |
291,727
-16,500
| -5% | -$2.53M |
|
321
Motorola Solutions
MSI
$77.4B
| $45.7M | 0.06% |
704,073
-62,300
| -8% | -$3.98M |
|
322
Best Buy
BBY
$17.3B
| $45.7M | 0.06% |
1,289,576
-144,756
| -10% | -$5.09M |
|
|
GGP
323
DELISTED
GGP Inc.
GGP
| $45.4M | 0.06% |
1,449,735
-34,200
| -2% | -$888K |
|
324
American Water Works
AWK
$26.9B
| $45.3M | 0.06% |
797,669
+168,300
| +27% | +$8.72M |
|
325
State Street SPDR S&P 500 ETF Trust
SPY
$810B
| $44.8M | 0.06% |
221,035
| – | – |
|
Similar funds
California Public Employees Retirement System's Q4 2014 Portfolio in Review
As of Q4 2014, California Public Employees Retirement System held 3,925 positions worth $72.4B, up 0.09% from $72.4B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
California Public Employees Retirement System's Q4 2014 filing shows 151 new, 1,429 increased, 1,034 reduced and 114 closed positions. Its largest new stake was Dorian LPG: 1,258,100 shares worth $14.9M. The largest sale was Apple, an estimated $206M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, down from 16% a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System's largest Q4 2014 buy was Dorian LPG: 1,258,100 shares worth $14.9M.
- California Public Employees Retirement System added most to Kinder Morgan in Q4 2014, an estimated $106M increase.
- California Public Employees Retirement System's biggest Q4 2014 reduction was Apple, cutting an estimated $206M.
- California Public Employees Retirement System fully exited Medtronic in Q4 2014, selling an estimated $167M.
- California Public Employees Retirement System's ten largest holdings make up 13% of its $72.4B portfolio in Q4 2014.
- California Public Employees Retirement System opened 151 new positions and closed 114 in Q4 2014.
- California Public Employees Retirement System's portfolio value rose 0.09% quarter-over-quarter to $72.4B.
Based on California Public Employees Retirement System's 13F filing for Q4 2014, filed 9 Feb 2015.