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 | |
|---|---|---|---|---|---|---|
526
PLDT
PHI
$4.33B
| $25.1M | 0.03% |
375,700
| – | – |
|
|
CVC
527
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $25M | 0.03% |
1,286,516
-30,400
| -2% | -$580K |
|
528
Huntington Ingalls Industries
HII
$12.8B
| $25M | 0.03% |
209,600
-13,000
| -6% | -$1.37M |
|
529
Federal Realty Investment Trust
FRT
$10.3B
| $24.9M | 0.03% |
169,362
+200
| +0.1% | +$26K |
|
530
lululemon athletica
LULU
$14.6B
| $24.9M | 0.03% |
368,984
-67,999
| -16% | -$3.1M |
|
|
EMBJ
531
Embraer S.A. ADS
EMBJ
$13B
| $24.7M | 0.03% |
694,419
+59,362
| +9% | +$2.19M |
|
532
Autoliv
ALV
$9B
| $24.6M | 0.03% |
332,744
+5,830
| +2% | +$408K |
|
533
Vanguard FTSE Europe ETF
VGK
$31.1B
| $24.5M | 0.03% |
457,081
| – | – |
|
|
WFT
534
DELISTED
Weatherford International plc
WFT
| $24.4M | 0.03% |
2,178,231
+113,885
| +6% | +$1.71M |
|
|
MBT
535
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $24.4M | 0.03% |
3,035,609
+299,000
| +11% | +$3.59M |
|
|
DISCK
536
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $24.3M | 0.03% |
828,684
-127,468
| -13% | -$4.34M |
|
537
America Movil
AMX
$71.2B
| $24.3M | 0.03% |
1,072,753
-1,168,416
| -52% | -$27.2M |
|
538
Gartner
IT
$11.7B
| $24.2M | 0.03% |
286,987
+7,700
| +3% | +$626K |
|
|
SRCL
539
DELISTED
Stericycle Inc
SRCL
| $24.2M | 0.03% |
180,196
-46,000
| -20% | -$5.79M |
|
|
JAH
540
DELISTED
JARDEN CORPORATION
JAH
| $24.2M | 0.03% |
488,900
+13,700
| +3% | +$596K |
|
541
Verisk Analytics
VRSK
$25B
| $24.2M | 0.03% |
375,695
| – | – |
|
542
Core Laboratories
CLB
$521M
| $24.1M | 0.03% |
226,490
+92,364
| +69% | +$12.1M |
|
543
W.R. Berkley
WRB
$26.6B
| $24M | 0.03% |
1,618,097
+477,225
| +42% | +$7.18M |
|
544
SEI Investments
SEIC
$12.6B
| $24M | 0.03% |
594,530
+77,100
| +15% | +$2.95M |
|
|
MXIM
545
DELISTED
Maxim Integrated Products
MXIM
| $24M | 0.03% |
711,300
-102,400
| -13% | -$3.01M |
|
546
Centene
CNC
$32.5B
| $24M | 0.03% |
861,048
+175,600
| +26% | +$4.1M |
|
547
UDR
UDR
$12.3B
| $23.9M | 0.03% |
694,382
+28,600
| +4% | +$857K |
|
548
Markel Group
MKL
$23.2B
| $23.8M | 0.03% |
34,516
+1,150
| +3% | +$780K |
|
|
FDO
549
DELISTED
FAMILY DOLLAR STORES
FDO
| $23.8M | 0.03% |
310,985
-3,500
| -1% | -$275K |
|
550
NRG Energy
NRG
$24.8B
| $23.8M | 0.03% |
938,558
-419,848
| -31% | -$12.4M |
|
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.