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 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$133M |
| 2 |
ExxonMobil
XOM
|
+$42.8M |
| 3 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$39.3M |
| 4 |
Intel
INTC
|
+$17.4M |
| 5 |
News Corp Class A
NWSA
|
+$16.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FON
SPRINT CORP FON COM
FON
|
+$64.4M |
| 2 |
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$48.8M |
| 3 |
BMC
BMC SOFTWARE, INC
BMC
|
+$21.9M |
| 4 |
Leidos
LDOS
|
+$17.8M |
| 5 |
CLVS
Clovis Oncology, Inc.
CLVS
|
+$16.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.33% |
| 2 | Technology | 13.26% |
| 3 | Healthcare | 11.9% |
| 4 | Industrials | 11.23% |
| 5 | Energy | 10.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
Affiliated Managers Group
AMG
$9.76B
| $25.2M | 0.05% |
138,100
-467
| -0.3% | -$82.9K |
|
|
SIAL
402
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $25.2M | 0.05% |
295,471
+3,832
| +1% | +$322K |
|
403
Southwest Airlines
LUV
$23B
| $25M | 0.05% |
1,719,551
-29,494
| -2% | -$401K |
|
404
KLA
KLAC
$259B
| $25M | 0.05% |
4,112,530
+103,330
| +3% | +$606K |
|
405
Campbell Soup
CPB
$6.87B
| $24.9M | 0.05% |
611,816
+1,197
| +0.2% | +$53.7K |
|
406
GameStop
GME
$8.6B
| $24.9M | 0.05% |
2,005,012
-94,324
| -4% | -$1.13M |
|
407
Lam Research
LRCX
$390B
| $24.8M | 0.05% |
4,844,130
-8,130
| -0.2% | -$39.7K |
|
408
Celanese
CE
$4.82B
| $24.7M | 0.05% |
468,714
+4,833
| +1% | +$237K |
|
|
CSC
409
DELISTED
Computer Sciences
CSC
| $24.7M | 0.05% |
1,134,372
-14,898
| -1% | -$313K |
|
|
JWN
410
DELISTED
Nordstrom
JWN
| $24.7M | 0.05% |
439,313
+7,301
| +2% | +$431K |
|
411
Expeditors International
EXPD
$23.2B
| $24.6M | 0.05% |
559,454
+12,961
| +2% | +$538K |
|
412
Labcorp
LH
$25.9B
| $24.6M | 0.05% |
289,149
+7,994
| +3% | +$673K |
|
413
Cincinnati Financial
CINF
$27.1B
| $24.6M | 0.05% |
520,937
-6,075
| -1% | -$290K |
|
|
KMR
414
DELISTED
KINDER MORGAN MANAGEMENT LLC
KMR
| $24.6M | 0.05% |
356,559
-55
| -0% | -$4.03K |
|
415
Charter Communications
CHTR
$18.2B
| $24.5M | 0.05% |
182,061
-9,016
| -5% | -$1.14M |
|
416
Everest Group
EG
$14.4B
| $24.5M | 0.05% |
168,680
-1,156
| -0.7% | -$157K |
|
417
LKQ Corp
LKQ
$6.29B
| $24.5M | 0.05% |
769,646
+15,497
| +2% | +$448K |
|
418
Oceaneering
OII
$4.77B
| $24.4M | 0.05% |
300,014
-2,089
| -0.7% | -$168K |
|
419
Globe Life
GL
$14.3B
| $24.2M | 0.04% |
500,946
+1,479
| +0.3% | +$69.5K |
|
420
BioMarin Pharmaceuticals
BMRN
$12.4B
| $24.1M | 0.04% |
333,600
-6,771
| -2% | -$450K |
|
421
United Airlines
UAL
$42.1B
| $24.1M | 0.04% |
784,075
+8,091
| +1% | +$260K |
|
|
PLL
422
DELISTED
PALL CORP
PLL
| $24M | 0.04% |
311,174
+5,133
| +2% | +$368K |
|
423
Goodyear
GT
$1.85B
| $23.9M | 0.04% |
1,065,055
+3,628
| +0.3% | +$69.4K |
|
|
LLTC
424
DELISTED
Linear Technology Corp
LLTC
| $23.8M | 0.04% |
598,923
+10,247
| +2% | +$405K |
|
|
PCL
425
DELISTED
PLUM CREEK TIMBER CO (REIT)
PCL
| $23.7M | 0.04% |
506,165
-711
| -0.1% | -$33.3K |
|
Similar funds
California Public Employees Retirement System's Q3 2013 Portfolio in Review
As of Q3 2013, California Public Employees Retirement System held 4,090 positions worth $54B, up 8.3% from $49.8B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q3 2013: portfolio turnover was 4.9%. California Public Employees Retirement System opened 93 new positions and exited 108, leaving the 4,090-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 16% a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System's largest Q3 2013 buy was Twenty-First Century Fox, Inc. Class A: 4,216,182 shares worth $141M.
- California Public Employees Retirement System added most to ExxonMobil in Q3 2013, an estimated $42.8M increase.
- California Public Employees Retirement System's biggest Q3 2013 reduction was State Street SPDR S&P Emerging Markets Small Cap ETF, cutting an estimated $48.8M.
- California Public Employees Retirement System fully exited SPRINT CORP FON COM in Q3 2013, selling an estimated $64.4M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $54B portfolio in Q3 2013.
- California Public Employees Retirement System opened 93 new positions and closed 108 in Q3 2013.
- California Public Employees Retirement System's portfolio value rose 8.3% quarter-over-quarter to $54B.
Based on California Public Employees Retirement System's 13F filing for Q3 2013, filed 12 Nov 2013.