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 | |
|---|---|---|---|---|---|---|
526
Liberty Global Class A
LBTYA
$3.6B
| $24.5M | 0.03% |
697,922
-99,907
| -13% | -$3.56M |
|
527
Alliant Energy
LNT
$18B
| $24.5M | 0.03% |
883,108
-43,600
| -5% | -$1.26M |
|
|
KSU
528
DELISTED
Kansas City Southern
KSU
| $24.4M | 0.03% |
201,500
-4,600
| -2% | -$525K |
|
529
Polaris
PII
$4.07B
| $24.4M | 0.03% |
162,753
-3,560
| -2% | -$515K |
|
530
Williams-Sonoma
WSM
$29.6B
| $24.3M | 0.03% |
730,278
-245,918
| -25% | -$8.52M |
|
531
Expeditors International
EXPD
$23.2B
| $24.3M | 0.03% |
598,850
+17,500
| +3% | +$746K |
|
|
FDO
532
DELISTED
FAMILY DOLLAR STORES
FDO
| $24.3M | 0.03% |
314,485
-4,200
| -1% | -$310K |
|
533
Waters Corp
WAT
$39.9B
| $24.2M | 0.03% |
243,804
-5,600
| -2% | -$577K |
|
534
International Flavors & Fragrances
IFF
$21.9B
| $24.1M | 0.03% |
251,640
+34,940
| +16% | +$3.53M |
|
|
HUB.B
535
DELISTED
HUBBELL INC CL-B
HUB.B
| $23.9M | 0.03% |
198,001
-72,977
| -27% | -$8.83M |
|
536
Trinity Industries
TRN
$2.38B
| $23.9M | 0.03% |
709,490
-296,690
| -29% | -$9.83M |
|
|
SLXP
537
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
| $23.8M | 0.03% |
152,270
-26,152
| -15% | -$3.79M |
|
538
TransDigm Group
TDG
$67.7B
| $23.6M | 0.03% |
128,151
-14,782
| -10% | -$2.64M |
|
539
Lazard
LAZ
$4.31B
| $23.6M | 0.03% |
464,666
+115,496
| +33% | +$6.05M |
|
540
Lear
LEA
$8.18B
| $23.5M | 0.03% |
272,500
+200
| +0.1% | +$19.3K |
|
541
NVIDIA
NVDA
$5.42T
| $23.5M | 0.03% |
50,979,600
-5,200,000
| -9% | -$2.45M |
|
542
Cincinnati Financial
CINF
$27.1B
| $23.4M | 0.03% |
496,972
-4,000
| -0.8% | -$191K |
|
543
Santander
BSBR
$43.5B
| $23.3M | 0.03% |
3,725,880
| – | – |
|
544
T-Mobile US
TMUS
$190B
| $23.3M | 0.03% |
807,600
+86,300
| +12% | +$2.66M |
|
545
Huntington Ingalls Industries
HII
$12.8B
| $23.2M | 0.03% |
222,600
+48,300
| +28% | +$4.76M |
|
546
H&R Block
HRB
$5.86B
| $23.2M | 0.03% |
746,571
-24,900
| -3% | -$812K |
|
547
McCormick & Company Non-Voting
MKC
$14.2B
| $23.1M | 0.03% |
691,764
-14,200
| -2% | -$489K |
|
548
CarMax
KMX
$8.26B
| $23.1M | 0.03% |
498,100
-6,600
| -1% | -$338K |
|
549
KKR & Co
KKR
$92.3B
| $23.1M | 0.03% |
1,036,573
+83,800
| +9% | +$1.97M |
|
|
CVC
550
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $23.1M | 0.03% |
1,316,916
+225
| +0% | +$4.17K |
|
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.