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 | |
|---|---|---|---|---|---|---|
426
J.M. Smucker
SJM
$12.8B
| $31.6M | 0.04% |
318,986
-73,600
| -19% | -$7.55M |
|
427
Fastenal
FAST
$59.5B
| $31.6M | 0.04% |
2,812,400
-69,356
| -2% | -$793K |
|
|
COL
428
DELISTED
Rockwell Collins
COL
| $31.5M | 0.04% |
401,196
+1,500
| +0.4% | +$115K |
|
429
C.H. Robinson
CHRW
$17.5B
| $31.2M | 0.04% |
471,171
-8,056
| -2% | -$537K |
|
430
BorgWarner
BWA
$13.9B
| $31.2M | 0.04% |
672,659
+1,023
| +0.2% | +$56.1K |
|
|
VMW
431
DELISTED
VMware, Inc
VMW
| $31.1M | 0.04% |
331,800
-29,000
| -8% | -$2.82M |
|
432
Akamai
AKAM
$15.9B
| $31M | 0.04% |
518,850
-51,400
| -9% | -$3.09M |
|
|
PETM
433
DELISTED
PETSMART INC
PETM
| $30.9M | 0.04% |
441,167
+43,801
| +11% | +$3.05M |
|
434
Ball Corp
BALL
$16.8B
| $30.9M | 0.04% |
976,000
+78,600
| +9% | +$2.5M |
|
|
WLL
435
DELISTED
Whiting Petroleum Corporation
WLL
| $30.8M | 0.04% |
1,322
-104
| -7% | -$2.65M |
|
436
PVH
PVH
$4.04B
| $30.7M | 0.04% |
253,562
+66,922
| +36% | +$7.84M |
|
437
Vulcan Materials
VMC
$36.9B
| $30.5M | 0.04% |
506,210
+12,890
| +3% | +$813K |
|
438
American Water Works
AWK
$26.9B
| $30.4M | 0.04% |
629,369
-97,275
| -13% | -$4.75M |
|
439
Whirlpool
WHR
$2.82B
| $30.3M | 0.04% |
208,111
-17,560
| -8% | -$2.6M |
|
|
SWY
440
DELISTED
SAFEWAY INC
SWY
| $30.3M | 0.04% |
883,609
-97,915
| -10% | -$3.38M |
|
441
Amdocs
DOX
$6.22B
| $30.2M | 0.04% |
658,750
-18,900
| -3% | -$885K |
|
442
L3Harris
LHX
$53.4B
| $30M | 0.04% |
451,668
-22,400
| -5% | -$1.58M |
|
443
Marvell Technology
MRVL
$196B
| $30M | 0.04% |
2,224,334
+818,200
| +58% | +$11.3M |
|
444
Henry Schein
HSIC
$9.82B
| $30M | 0.04% |
656,179
-230,520
| -26% | -$10.7M |
|
|
VAR
445
DELISTED
Varian Medical Systems, Inc.
VAR
| $29.9M | 0.04% |
425,590
-114
| -0% | -$8.4K |
|
446
Ametek
AME
$58.2B
| $29.9M | 0.04% |
595,300
-167,150
| -22% | -$8.68M |
|
447
Lamar Advertising Co
LAMR
$16.3B
| $29.9M | 0.04% |
606,824
+263,475
| +77% | +$13.6M |
|
448
F5
FFIV
$22.7B
| $29.9M | 0.04% |
251,608
-34,920
| -12% | -$4.1M |
|
449
United Rentals
URI
$72.4B
| $29.9M | 0.04% |
268,797
+8,331
| +3% | +$937K |
|
450
Check Point Software Technologies
CHKP
$13.1B
| $29.8M | 0.04% |
430,500
-300
| -0.1% | -$20.4K |
|
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.