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 |
Comcast
CMCSA
|
+$70M |
| 2 |
Voya Financial
VOYA
|
+$37.6M |
| 3 |
TWTR
Twitter, Inc.
TWTR
|
+$35M |
| 4 |
American Airlines Group
AAL
|
+$34.7M |
| 5 |
Warner Bros
WBD
|
+$22.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EOG Resources
EOG
|
+$211M |
| 2 |
CMCSK
COMCAST CORP SPL A (NEW)
CMCSK
|
+$65.9M |
| 3 |
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$65M |
| 4 |
Apple
AAPL
|
+$61.5M |
| 5 |
ExxonMobil
XOM
|
+$36.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.84% |
| 2 | Technology | 13.76% |
| 3 | Healthcare | 12.46% |
| 4 | Industrials | 11.02% |
| 5 | Energy | 10.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
451
Bunge Global
BG
$20.8B
| $30.3M | 0.04% |
401,222
-5,100
| -1% | -$395K |
|
452
Royal Caribbean
RCL
$85.6B
| $30.3M | 0.04% |
545,456
-18,869
| -3% | -$1.02M |
|
453
Monster Beverage
MNST
$88.5B
| $30.3M | 0.04% |
2,559,444
+36,204
| +1% | +$413K |
|
454
Trimble
TRMB
$13.9B
| $30.3M | 0.04% |
819,382
-41,600
| -5% | -$1.56M |
|
455
Cheniere Energy
LNG
$52.9B
| $30.1M | 0.04% |
419,300
-48,593
| -10% | -$2.95M |
|
456
Quest Diagnostics
DGX
$26.3B
| $30M | 0.04% |
510,672
+38,474
| +8% | +$2.25M |
|
457
Affiliated Managers Group
AMG
$9.76B
| $29.9M | 0.04% |
145,600
-450
| -0.3% | -$87K |
|
|
SVC
458
Service Properties Trust
SVC
$1.07B
| $29.8M | 0.04% |
197,721
+2,376
| +1% | +$347K |
|
459
Vale
VALE
$62.6B
| $29.7M | 0.04% |
2,246,997
-367,100
| -14% | -$4.95M |
|
460
Credicorp
BAP
$30.7B
| $29.6M | 0.04% |
190,700
+14,819
| +8% | +$2.22M |
|
461
AXIS Capital
AXS
$7.55B
| $29.6M | 0.04% |
668,525
-30,979
| -4% | -$1.42M |
|
|
CPN
462
DELISTED
Calpine Corporation
CPN
| $29.6M | 0.04% |
1,242,300
-78,764
| -6% | -$1.79M |
|
|
ETFC
463
DELISTED
E*Trade Financial Corporation
ETFC
| $29.6M | 0.04% |
1,390,370
+96,900
| +7% | +$2.04M |
|
464
Alaska Air
ALK
$5.58B
| $29.5M | 0.04% |
620,992
-22,800
| -4% | -$1.09M |
|
|
AVP
465
DELISTED
Avon Products, Inc.
AVP
| $29.3M | 0.04% |
2,006,768
-273,030
| -12% | -$3.94M |
|
|
MXIM
466
DELISTED
Maxim Integrated Products
MXIM
| $29.2M | 0.04% |
863,986
-132,900
| -13% | -$4.43M |
|
467
Liberty Global Class A
LBTYA
$3.6B
| $29.1M | 0.04% |
797,829
-32,252
| -4% | -$1.13M |
|
468
Ameren
AEE
$30.1B
| $28.9M | 0.04% |
707,700
-11,800
| -2% | -$470K |
|
469
Campbell Soup
CPB
$6.87B
| $28.9M | 0.04% |
630,995
-3,500
| -0.6% | -$158K |
|
470
IDEX
IEX
$17.3B
| $28.9M | 0.04% |
357,900
-2,800
| -0.8% | -$212K |
|
471
Check Point Software Technologies
CHKP
$13.1B
| $28.9M | 0.04% |
430,800
-6,100
| -1% | -$401K |
|
472
Pitney Bowes
PBI
$2.39B
| $28.8M | 0.04% |
1,042,943
-57,700
| -5% | -$1.54M |
|
473
ON Semiconductor
ON
$31.6B
| $28.8M | 0.04% |
3,149,753
+437,975
| +16% | +$3.99M |
|
|
RKT
474
DELISTED
ROCK-TENN COMPANY CL-A
RKT
| $28.7M | 0.04% |
542,894
-8,660
| -2% | -$436K |
|
|
HAR
475
DELISTED
Harman International Industries
HAR
| $28.7M | 0.04% |
266,743
+21,201
| +9% | +$2.25M |
|
Similar funds
California Public Employees Retirement System's Q2 2014 Portfolio in Review
As of Q2 2014, California Public Employees Retirement System held 3,876 positions worth $73.5B, up 5.1% from $70B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
California Public Employees Retirement System's Q2 2014 filing shows 119 new, 1,121 increased, 1,295 reduced and 86 closed positions. Its largest new stake was Voya Financial: 1,053,140 shares worth $38.3M. The largest sale was EOG Resources, an estimated $211M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, down from 16% a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System's largest Q2 2014 buy was Voya Financial: 1,053,140 shares worth $38.3M.
- California Public Employees Retirement System added most to Comcast in Q2 2014, an estimated $70M increase.
- California Public Employees Retirement System's biggest Q2 2014 reduction was EOG Resources, cutting an estimated $211M.
- California Public Employees Retirement System fully exited Weatherford International plc in Q2 2014, selling an estimated $36.7M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $73.5B portfolio in Q2 2014.
- California Public Employees Retirement System opened 119 new positions and closed 86 in Q2 2014.
- California Public Employees Retirement System's portfolio value rose 5.1% quarter-over-quarter to $73.5B.
Based on California Public Employees Retirement System's 13F filing for Q2 2014, filed 14 Aug 2014.