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 | |
|---|---|---|---|---|---|---|
351
Marriott International
MAR
$92.3B
| $40.7M | 0.06% |
581,970
+16,600
| +3% | +$1.12M |
|
|
ATVI
352
DELISTED
Activision Blizzard
ATVI
| $40.5M | 0.06% |
1,948,500
-13,618
| -0.7% | -$310K |
|
353
Celanese
CE
$4.82B
| $40.5M | 0.06% |
691,414
+56,400
| +9% | +$3.47M |
|
|
CMA
354
DELISTED
Comerica
CMA
| $40.4M | 0.06% |
810,011
+14,857
| +2% | +$745K |
|
355
DaVita
DVA
$11.7B
| $40.1M | 0.06% |
548,300
-7,900
| -1% | -$578K |
|
356
Paychex
PAYX
$42.7B
| $40.1M | 0.06% |
907,007
-23,100
| -2% | -$971K |
|
357
NetApp
NTAP
$37.2B
| $40.1M | 0.06% |
933,116
+15,600
| +2% | +$625K |
|
|
CTXS
358
DELISTED
Citrix Systems Inc
CTXS
| $40M | 0.06% |
704,771
-116,827
| -14% | -$6.35M |
|
359
PUT
BCE
BCE
$21.2B
| $40M | 0.06% |
933,508
+72,170
| +8% | +$3.22M |
|
360
Annaly Capital Management
NLY
$17.4B
| $39.8M | 0.06% |
931,576
+51,734
| +6% | +$2.36M |
|
|
CXO
361
DELISTED
CONCHO RESOURCES INC.
CXO
| $39.7M | 0.05% |
316,794
+54,897
| +21% | +$7.51M |
|
|
XL
362
DELISTED
XL Group Ltd.
XL
| $39.7M | 0.05% |
1,195,547
-36,000
| -3% | -$1.2M |
|
|
XLNX
363
DELISTED
Xilinx Inc
XLNX
| $39.4M | 0.05% |
930,821
-211,900
| -19% | -$9.26M |
|
364
Seagate
STX
$184B
| $39M | 0.05% |
681,335
-40,800
| -6% | -$2.42M |
|
365
Telkom Indonesia
TLK
$14.9B
| $39M | 0.05% |
1,621,764
+83,660
| +5% | +$1.94M |
|
|
QVCGA
366
DELISTED
QVC Group Inc Series A
QVCGA
| $38.7M | 0.05% |
33,072
-896
| -3% | -$1.06M |
|
|
ETP
367
DELISTED
Energy Transfer Partners L.p.
ETP
| $38.7M | 0.05% |
604,119
+18,919
| +3% | +$1.09M |
|
368
Advance Auto Parts
AAP
$3.49B
| $38.7M | 0.05% |
296,677
+12,592
| +4% | +$1.65M |
|
369
Ryanair
RYAAY
$31.3B
| $38.5M | 0.05% |
1,663,976
| – | – |
|
370
Charter Communications
CHTR
$18.2B
| $38.4M | 0.05% |
253,489
+56,103
| +28% | +$8.89M |
|
371
Loews
L
$23.6B
| $38.3M | 0.05% |
919,380
+6,200
| +0.7% | +$267K |
|
|
IPG
372
DELISTED
Interpublic Group of Companies
IPG
| $38.2M | 0.05% |
2,087,524
-443,950
| -18% | -$8.61M |
|
|
LLL
373
DELISTED
L3 Technologies, Inc.
LLL
| $38M | 0.05% |
319,499
-48,225
| -13% | -$5.47M |
|
|
CTRA
374
DELISTED
Coterra Energy
CTRA
| $37.9M | 0.05% |
1,158,692
-20,851
| -2% | -$697K |
|
375
Royal Caribbean
RCL
$85.6B
| $37.7M | 0.05% |
560,678
+15,222
| +3% | +$944K |
|
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.