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 |
Kinder Morgan
KMI
|
+$106M |
| 2 |
Enterprise Products Partners
EPD
|
+$55.4M |
| 3 |
Teva Pharmaceuticals
TEVA
|
+$38.8M |
| 4 |
Alibaba
BABA
|
+$36.5M |
| 5 |
Annaly Capital Management
NLY
|
+$29.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$206M |
| 2 |
Medtronic
MDT
|
+$167M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$114M |
| 4 |
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$79.5M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$75.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.52% |
| 2 | Technology | 14.08% |
| 3 | Healthcare | 13.54% |
| 4 | Industrials | 11.04% |
| 5 | Consumer Discretionary | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PCL
501
DELISTED
PLUM CREEK TIMBER CO (REIT)
PCL
| $26.3M | 0.04% |
591,514
-53,200
| -8% | -$2.19M |
|
502
Realty Income
O
$59.1B
| $26.2M | 0.04% |
491,066
+9,598
| +2% | +$425K |
|
|
VMW
503
DELISTED
VMware, Inc
VMW
| $26.1M | 0.04% |
323,800
-8,000
| -2% | -$683K |
|
504
Ashland
ASH
$3.5B
| $26.1M | 0.04% |
446,671
+15,534
| +4% | +$837K |
|
505
HF Sinclair
DINO
$14.5B
| $26.1M | 0.04% |
757,112
+124,163
| +20% | +$5.17M |
|
506
Live Nation Entertainment
LYV
$42.1B
| $26M | 0.04% |
1,021,946
+315,200
| +45% | +$7.95M |
|
|
RAX
507
DELISTED
Rackspace Hosting Inc
RAX
| $26M | 0.04% |
568,074
+189,590
| +50% | +$7.81M |
|
508
Cincinnati Financial
CINF
$27.1B
| $25.9M | 0.04% |
496,372
-600
| -0.1% | -$30K |
|
509
H&R Block
HRB
$5.86B
| $25.9M | 0.04% |
748,071
+1,500
| +0.2% | +$48K |
|
|
AIV
510
Aimco
AIV
$383M
| $25.9M | 0.04% |
4,726,764
+49,545
| +1% | +$236K |
|
|
MNK
511
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $25.8M | 0.04% |
240,813
-109,960
| -31% | -$10.1M |
|
512
Expedia Group
EXPE
$37.3B
| $25.8M | 0.04% |
298,114
-114,100
| -28% | -$9.67M |
|
|
TIF
513
DELISTED
Tiffany & Co.
TIF
| $25.8M | 0.04% |
286,076
+46,855
| +20% | +$4.69M |
|
514
AES
AES
$10.5B
| $25.8M | 0.04% |
2,024,298
-1,024,259
| -34% | -$14M |
|
515
Mettler-Toledo International
MTD
$28.6B
| $25.7M | 0.04% |
86,199
| – | – |
|
516
KKR & Co
KKR
$92.3B
| $25.6M | 0.04% |
1,040,973
+4,400
| +0.4% | +$96.4K |
|
517
TransDigm Group
TDG
$67.7B
| $25.6M | 0.04% |
125,800
-2,351
| -2% | -$443K |
|
518
Campbell Soup
CPB
$6.87B
| $25.5M | 0.04% |
548,054
-26,441
| -5% | -$1.16M |
|
519
Polaris
PII
$4.07B
| $25.4M | 0.04% |
170,413
+7,660
| +5% | +$1.15M |
|
|
SHPG
520
DELISTED
Shire pic
SHPG
| $25.4M | 0.04% |
114,950
+47,877
| +71% | +$10.2M |
|
521
Align Technology
ALGN
$12.3B
| $25.4M | 0.04% |
432,000
+39,810
| +10% | +$2.11M |
|
522
McCormick & Company Non-Voting
MKC
$14.2B
| $25.3M | 0.03% |
692,964
+1,200
| +0.2% | +$42.9K |
|
|
MWV
523
DELISTED
MEADWESTVACO CORP
MWV
| $25.3M | 0.03% |
497,684
+140,300
| +39% | +$6.07M |
|
|
ANSS
524
DELISTED
Ansys
ANSS
| $25.2M | 0.03% |
303,000
+100
| +0% | +$7.92K |
|
525
Flowserve
FLS
$10.2B
| $25.2M | 0.03% |
462,639
-137,296
| -23% | -$8.73M |
|
Similar funds
California Public Employees Retirement System's Q4 2014 Portfolio in Review
As of Q4 2014, California Public Employees Retirement System held 3,925 positions worth $72.4B, up 0.09% from $72.4B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
California Public Employees Retirement System's Q4 2014 filing shows 151 new, 1,429 increased, 1,034 reduced and 114 closed positions. Its largest new stake was Dorian LPG: 1,258,100 shares worth $14.9M. The largest sale was Apple, an estimated $206M.
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 Q4 2014 buy was Dorian LPG: 1,258,100 shares worth $14.9M.
- California Public Employees Retirement System added most to Kinder Morgan in Q4 2014, an estimated $106M increase.
- California Public Employees Retirement System's biggest Q4 2014 reduction was Apple, cutting an estimated $206M.
- California Public Employees Retirement System fully exited Medtronic in Q4 2014, selling an estimated $167M.
- California Public Employees Retirement System's ten largest holdings make up 13% of its $72.4B portfolio in Q4 2014.
- California Public Employees Retirement System opened 151 new positions and closed 114 in Q4 2014.
- California Public Employees Retirement System's portfolio value rose 0.09% quarter-over-quarter to $72.4B.
Based on California Public Employees Retirement System's 13F filing for Q4 2014, filed 9 Feb 2015.