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 |
Apollo Global Management
APO
|
+$733M |
| 2 |
Verizon
VZ
|
+$194M |
| 3 |
EOG Resources
EOG
|
+$189M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$55.3M |
| 5 |
Perrigo
PRGO
|
+$48.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$52.7M |
| 2 |
LIFE
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
|
+$35.3M |
| 3 |
Vodafone
VOD
|
+$33.7M |
| 4 |
Voya Financial
VOYA
|
+$30.5M |
| 5 |
Walmart Inc
WMT
|
+$26.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.28% |
| 2 | Technology | 13.7% |
| 3 | Healthcare | 12.53% |
| 4 | Industrials | 11.17% |
| 5 | Energy | 9.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
RKT
476
DELISTED
ROCK-TENN COMPANY CL-A
RKT
| $27.8M | 0.04% |
551,554
+48,000
| +10% | +$2.51M |
|
477
Monster Beverage
MNST
$90.1B
| $27.7M | 0.04% |
2,523,240
-314,106
| -11% | -$3.67M |
|
|
PETM
478
DELISTED
PETSMART INC
PETM
| $27.6M | 0.04% |
399,185
+9,700
| +2% | +$643K |
|
|
CPN
479
DELISTED
Calpine Corporation
CPN
| $27.5M | 0.04% |
1,321,064
+24,600
| +2% | +$482K |
|
480
Molson Coors Class B
TAP
$7.87B
| $27.4M | 0.04% |
463,261
+64,136
| +16% | +$3.58M |
|
|
SEE
481
DELISTED
Sealed Air
SEE
| $27.3M | 0.04% |
865,098
+35,555
| +4% | +$1.16M |
|
482
Skyworks Solutions
SWKS
$10.4B
| $27.3M | 0.04% |
757,765
+103,665
| +16% | +$3.41M |
|
483
Mohawk Industries
MHK
$9.12B
| $27.2M | 0.04% |
207,943
+4,955
| +2% | +$710K |
|
|
CSC
484
DELISTED
Computer Sciences
CSC
| $27.1M | 0.04% |
1,069,195
-258,358
| -19% | -$6.5M |
|
485
Jacobs Solutions
J
$17.2B
| $27M | 0.04% |
519,712
+59,445
| +13% | +$3.06M |
|
486
Vanguard FTSE Europe ETF
VGK
$31B
| $27M | 0.04% |
457,081
| – | – |
|
487
Liberty Global Class A
LBTYA
$3.48B
| $26.9M | 0.04% |
830,081
-587,830
| -41% | -$20.7M |
|
488
ON Semiconductor
ON
$31.5B
| $26.8M | 0.04% |
2,711,778
+1,479,330
| +120% | +$13.3M |
|
489
NVR
NVR
$16.8B
| $26.8M | 0.04% |
23,230
+7,850
| +51% | +$8.84M |
|
490
SL Green Realty
SLG
$3.93B
| $26.8M | 0.04% |
271,200
+4,063
| +2% | +$378K |
|
491
Cheniere Energy
LNG
$54.2B
| $26.7M | 0.04% |
467,893
+845
| +0.2% | +$40.5K |
|
|
LLTC
492
DELISTED
Linear Technology Corp
LLTC
| $26.7M | 0.04% |
548,370
-3,297
| -0.6% | -$152K |
|
493
Ralph Lauren
RL
$24B
| $26.6M | 0.04% |
170,600
-43,499
| -20% | -$7.01M |
|
|
494
Vodafone
VOD
$36.4B
| $26.5M | 0.04% |
735,182
-873,975
| -54% | -$33.7M |
|
495
Huntington Bancshares
HBAN
$35.5B
| $26.4M | 0.04% |
2,670,119
+17,337
| +0.7% | +$165K |
|
496
Alliant Energy
LNT
$17.8B
| $26.3M | 0.04% |
932,308
-30,400
| -3% | -$803K |
|
|
WDR
497
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $26.2M | 0.04% |
375,126
+46,657
| +14% | +$3.21M |
|
|
PCL
498
DELISTED
PLUM CREEK TIMBER CO (REIT)
PCL
| $26.2M | 0.04% |
627,114
-15,300
| -2% | -$658K |
|
|
HSH
499
DELISTED
HILLSHIRE BRANDS CO
HSH
| $26.2M | 0.04% |
733,934
+74,383
| +11% | +$2.67M |
|
500
Oneok
OKE
$55.6B
| $26.1M | 0.04% |
444,962
-118,022
| -21% | -$6.91M |
|
Similar funds
California Public Employees Retirement System's Q1 2014 Portfolio in Review
As of Q1 2014, California Public Employees Retirement System held 4,098 positions worth $70B, up 1.4% from $69B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
California Public Employees Retirement System's Q1 2014 filing shows 121 new, 1,404 increased, 1,294 reduced and 336 closed positions. Its largest new stake was Perrigo: 310,076 shares worth $46M. The largest sale was State Street SPDR S&P Emerging Markets Small Cap ETF, an estimated $52.7M.
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 Q1 2014 buy was Perrigo: 310,076 shares worth $46M.
- California Public Employees Retirement System added most to Apollo Global Management in Q1 2014, an estimated $733M increase.
- California Public Employees Retirement System's biggest Q1 2014 reduction was State Street SPDR S&P Emerging Markets Small Cap ETF, cutting an estimated $52.7M.
- California Public Employees Retirement System fully exited LIFE TECHNOLOGIES CORP COM STK (DE) in Q1 2014, selling an estimated $35.3M.
- California Public Employees Retirement System's ten largest holdings make up 13% of its $70B portfolio in Q1 2014.
- California Public Employees Retirement System opened 121 new positions and closed 336 in Q1 2014.
- California Public Employees Retirement System's portfolio value rose 1.4% quarter-over-quarter to $70B.
Based on California Public Employees Retirement System's 13F filing for Q1 2014, filed 18 Apr 2014.