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 | |
|---|---|---|---|---|---|---|
|
PL
651
DELISTED
PROTECTIVE LIFE CORP
PL
| $19.5M | 0.03% |
281,328
-17,757
| -6% | -$1.01M |
|
|
RAD
652
DELISTED
Rite Aid Corporation
RAD
| $19.5M | 0.03% |
135,944
+8,483
| +7% | +$1.25M |
|
653
DNOW Inc
DNOW
$2.99B
| $19.5M | 0.03% |
+537,645
| New | +$18.5M |
|
|
WCN
654
Waste Connections
WCN
$42B
| $19.5M | 0.03% |
601,305
-17,700
| -3% | -$532K |
|
655
UDR
UDR
$12.3B
| $19.5M | 0.03% |
679,582
+5,400
| +0.8% | +$145K |
|
656
Arthur J. Gallagher & Co
AJG
$63.6B
| $19.4M | 0.03% |
417,000
+37,300
| +10% | +$1.7M |
|
657
CNO Financial Group
CNO
$5.1B
| $19.4M | 0.03% |
1,090,446
-95,722
| -8% | -$1.63M |
|
|
JOY
658
DELISTED
Joy Global Inc
JOY
| $19.4M | 0.03% |
314,927
+17,700
| +6% | +$1.06M |
|
659
Old Republic International
ORI
$10.4B
| $19.3M | 0.03% |
1,169,383
-148,100
| -11% | -$2.47M |
|
660
Navient
NAVI
$853M
| $19.3M | 0.03% |
+1,089,800
| New | +$18M |
|
|
JAH
661
DELISTED
JARDEN CORPORATION
JAH
| $19.3M | 0.03% |
487,650
+4,500
| +0.9% | +$172K |
|
|
S
662
DELISTED
Sprint Corporation
S
| $19.3M | 0.03% |
2,260,797
-56,900
| -2% | -$499K |
|
663
Quanta Services
PWR
$101B
| $19.2M | 0.03% |
554,600
-33,000
| -6% | -$1.14M |
|
|
SLCA
664
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $19.1M | 0.03% |
344,221
+4,527
| +1% | +$213K |
|
665
Digital Realty Trust
DLR
$71.7B
| $19M | 0.03% |
325,318
-24,319
| -7% | -$1.36M |
|
666
Cintas
CTAS
$81.3B
| $18.9M | 0.03% |
1,191,140
-1,600
| -0.1% | -$24.2K |
|
|
NGLS
667
DELISTED
TARGA RESOURCES PARTNERS LP COM UTS REPTG LTD PARTERSHIP INT
NGLS
| $18.9M | 0.03% |
262,600
+15,100
| +6% | +$977K |
|
|
VAL
668
DELISTED
Valspar
VAL
| $18.8M | 0.03% |
247,357
-40,100
| -14% | -$2.97M |
|
669
NCR Voyix
VYX
$1.14B
| $18.8M | 0.03% |
872,720
-32,339
| -4% | -$653K |
|
|
STRZA
670
DELISTED
Starz - Series A
STRZA
| $18.8M | 0.03% |
630,023
-73,900
| -10% | -$2.25M |
|
|
DISCK
671
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $18.8M | 0.03% |
517,056
-822,316
| -61% | -$30.2M |
|
|
Y
672
DELISTED
Alleghany Corp
Y
| $18.7M | 0.03% |
42,600
-700
| -2% | -$292K |
|
|
HOLX
673
DELISTED
Hologic
HOLX
| $18.7M | 0.03% |
735,819
+166,526
| +29% | +$3.89M |
|
674
Willis Towers Watson
WTW
$32B
| $18.6M | 0.03% |
162,367
-4,795
| -3% | -$539K |
|
|
BPL
675
DELISTED
Buckeye Partners, L.P.
BPL
| $18.6M | 0.03% |
224,100
-7,600
| -3% | -$594K |
|
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.