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 | |
|---|---|---|---|---|---|---|
351
BorgWarner
BWA
$13.9B
| $39.8M | 0.06% |
746,554
+37,767
| +5% | +$1.93M |
|
352
M&T Bank
MTB
$36.2B
| $39.7M | 0.06% |
328,380
+12,700
| +4% | +$1.47M |
|
353
Blackstone
BX
$110B
| $39.4M | 0.06% |
1,319,707
+197,075
| +18% | +$6.29M |
|
354
Vale
VALE
$62.6B
| $39.4M | 0.06% |
2,614,097
+551,000
| +27% | +$7.53M |
|
|
XL
355
DELISTED
XL Group Ltd.
XL
| $39.3M | 0.06% |
1,267,947
-77,600
| -6% | -$2.32M |
|
356
Principal Financial Group
PFG
$24.3B
| $38.9M | 0.06% |
859,067
-60,233
| -7% | -$2.76M |
|
357
PUT
BCE
BCE
$21.2B
| $38.8M | 0.06% |
879,638
+7,000
| +0.8% | +$298K |
|
358
Tapestry
TPR
$32.8B
| $38.8M | 0.06% |
789,389
-41,750
| -5% | -$2.08M |
|
|
SWY
359
DELISTED
SAFEWAY INC
SWY
| $38.7M | 0.06% |
1,139,895
-331,298
| -23% | -$10.3M |
|
|
VMW
360
DELISTED
VMware, Inc
VMW
| $38.6M | 0.06% |
358,600
+23,960
| +7% | +$2.35M |
|
|
CTXS
361
DELISTED
Citrix Systems Inc
CTXS
| $38.6M | 0.06% |
859,491
+71,576
| +9% | +$3.38M |
|
362
Ametek
AME
$58.2B
| $38.6M | 0.06% |
761,950
+14,400
| +2% | +$745K |
|
363
American Airlines Group
AAL
$10.6B
| $38.6M | 0.06% |
1,071,482
+83,582
| +8% | +$2.85M |
|
364
Mattel
MAT
$4.23B
| $38M | 0.05% |
984,553
+99,521
| +11% | +$3.95M |
|
365
Paychex
PAYX
$42.7B
| $37.9M | 0.05% |
916,489
-55,797
| -6% | -$2.37M |
|
|
ATVI
366
DELISTED
Activision Blizzard
ATVI
| $37.5M | 0.05% |
1,897,672
+161,623
| +9% | +$3.07M |
|
367
NiSource
NI
$20.4B
| $37.4M | 0.05% |
2,709,519
-73,749
| -3% | -$997K |
|
368
Conagra Brands
CAG
$7.23B
| $37.3M | 0.05% |
1,537,631
-9,124
| -0.6% | -$219K |
|
369
CenterPoint Energy
CNP
$26.8B
| $37.3M | 0.05% |
1,574,937
-4,700
| -0.3% | -$110K |
|
370
TSMC
TSM
$2.18T
| $37.3M | 0.05% |
1,865,057
+1,382,876
| +287% | +$24.8M |
|
371
Annaly Capital Management
NLY
$17.4B
| $37.2M | 0.05% |
824,341
+209,149
| +34% | +$9.04M |
|
372
DaVita
DVA
$11.7B
| $37.1M | 0.05% |
542,660
+22,800
| +4% | +$1.51M |
|
|
WFT
373
DELISTED
Weatherford International plc
WFT
| $36.7M | 0.05% |
2,135,218
-90,000
| -4% | -$1.38M |
|
374
Telkom Indonesia
TLK
$14.9B
| $36.7M | 0.05% |
1,769,704
+284,244
| +19% | +$5.35M |
|
375
News Corp Class A
NWSA
$15.4B
| $36.4M | 0.05% |
2,132,354
+141,600
| +7% | +$2.45M |
|
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.