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 |
Apple
AAPL
|
+$191M |
| 2 |
ExxonMobil
XOM
|
+$166M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$143M |
| 4 |
Microsoft
MSFT
|
+$139M |
| 5 |
Wells Fargo
WFC
|
+$123M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DELL
DELL INC
DELL
|
+$68M |
| 2 |
Melco Resorts & Entertainment
MLCO
|
+$45.3M |
| 3 |
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$32.5M |
| 4 |
NYX
NYSE EURONEXT INC
NYX
|
+$31.4M |
| 5 |
Perrigo
PRGO
|
+$28.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.93% |
| 2 | Technology | 13.51% |
| 3 | Healthcare | 12.03% |
| 4 | Industrials | 11.52% |
| 5 | Energy | 9.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PETM
451
DELISTED
PETSMART INC
PETM
| $28.5M | 0.04% |
389,485
+83,700
| +27% | +$6.13M |
|
452
Credicorp
BAP
$30.7B
| $28.5M | 0.04% |
+227,049
| New | +$28.9M |
|
453
Amdocs
DOX
$6.22B
| $28.4M | 0.04% |
689,150
+248,300
| +56% | +$9.77M |
|
|
HUB.B
454
DELISTED
HUBBELL INC CL-B
HUB.B
| $28.2M | 0.04% |
260,378
+90,818
| +54% | +$9.7M |
|
|
SEE
455
DELISTED
Sealed Air
SEE
| $28.2M | 0.04% |
829,543
+115,009
| +16% | +$3.51M |
|
|
EA
456
DELISTED
Electronic Arts
EA
| $28.1M | 0.04% |
1,188,422
+315,623
| +36% | +$7.57M |
|
457
FMC
FMC
$1.33B
| $27.9M | 0.04% |
427,302
+10,608
| +3% | +$673K |
|
458
American Water Works
AWK
$26.9B
| $27.9M | 0.04% |
662,944
+207,805
| +46% | +$8.71M |
|
|
CIT
459
DELISTED
CIT Group Inc.
CIT
| $27.7M | 0.04% |
538,500
+21,000
| +4% | +$1.04M |
|
460
CarMax
KMX
$8.26B
| $27.7M | 0.04% |
582,800
+21,300
| +4% | +$1.04M |
|
461
Verisk Analytics
VRSK
$25B
| $27.6M | 0.04% |
418,040
+13,100
| +3% | +$860K |
|
462
HF Sinclair
DINO
$14.5B
| $27.6M | 0.04% |
555,422
+76,522
| +16% | +$3.49M |
|
463
Campbell Soup
CPB
$6.87B
| $27.5M | 0.04% |
641,295
+29,479
| +5% | +$1.22M |
|
|
OCR
464
DELISTED
OMNICARE INC
OCR
| $27.4M | 0.04% |
456,202
+140,165
| +44% | +$8.03M |
|
|
WLL
465
DELISTED
Whiting Petroleum Corporation
WLL
| $27.4M | 0.04% |
1,493
+285
| +24% | +$5.39M |
|
466
Avis
CAR
$5.02B
| $27.4M | 0.04% |
693,413
+238,338
| +52% | +$7.98M |
|
467
Cincinnati Financial
CINF
$27.1B
| $27.3M | 0.04% |
522,072
+1,135
| +0.2% | +$57.4K |
|
|
DNY
468
DELISTED
DONNELLEY R R & SONS CO
DNY
| $27.3M | 0.04% |
1,379,500
+99,000
| +8% | +$1.96M |
|
|
ADT
469
DELISTED
ADT Corp
ADT
| $27.3M | 0.04% |
667,030
+45,405
| +7% | +$1.87M |
|
470
Check Point Software Technologies
CHKP
$13.1B
| $27.2M | 0.04% |
427,500
+10,100
| +2% | +$607K |
|
471
NXP Semiconductors
NXPI
$60.4B
| $27.2M | 0.04% |
602,141
+164,841
| +38% | +$6.79M |
|
|
XEC
472
DELISTED
CIMAREX ENERGY CO
XEC
| $27.1M | 0.04% |
264,389
+20,700
| +8% | +$2.1M |
|
473
Pultegroup
PHM
$25.3B
| $26.9M | 0.04% |
1,346,508
+438,723
| +48% | +$7.78M |
|
474
Quest Diagnostics
DGX
$26.3B
| $26.7M | 0.04% |
495,917
+61,256
| +14% | +$3.63M |
|
475
Royal Caribbean
RCL
$85.6B
| $26.6M | 0.04% |
564,317
+115,017
| +26% | +$4.88M |
|
Similar funds
California Public Employees Retirement System's Q4 2013 Portfolio in Review
As of Q4 2013, California Public Employees Retirement System held 4,184 positions worth $69B, up 28% from $54B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
California Public Employees Retirement System deployed $9.68B of net new capital in Q4 2013, opening 203 new positions and adding to 1,884 existing holdings. Its largest new stake was Vodafone: 1,609,157 shares worth $64.1M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 15% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Melco Resorts & Entertainment, an estimated $45.3M trimmed.
- California Public Employees Retirement System's largest Q4 2013 buy was Vodafone: 1,609,157 shares worth $64.1M.
- California Public Employees Retirement System added most to Apple in Q4 2013, an estimated $191M increase.
- California Public Employees Retirement System's biggest Q4 2013 reduction was Melco Resorts & Entertainment, cutting an estimated $45.3M.
- California Public Employees Retirement System fully exited DELL INC in Q4 2013, selling an estimated $68M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $69B portfolio in Q4 2013.
- California Public Employees Retirement System opened 203 new positions and closed 206 in Q4 2013.
- California Public Employees Retirement System's portfolio value rose 28% quarter-over-quarter to $69B.
Based on California Public Employees Retirement System's 13F filing for Q4 2013, filed 11 Feb 2014.