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 | |
|---|---|---|---|---|---|---|
|
RAD
726
DELISTED
Rite Aid Corporation
RAD
| $15.6M | 0.02% |
127,461
-58,808
| -32% | -$7.17M |
|
727
Global Payments
GPN
$22.7B
| $15.5M | 0.02% |
463,000
-15,206
| -3% | -$523K |
|
|
QCOR
728
DELISTED
QUESTCOR PHARMA INC
QCOR
| $15.5M | 0.02% |
191,742
+1,800
| +0.9% | +$115K |
|
|
TUP
729
DELISTED
Tupperware Brands Corporation
TUP
| $15.5M | 0.02% |
183,989
-3,000
| -2% | -$247K |
|
|
ULTI
730
DELISTED
Ultimate Software Group Inc
ULTI
| $15.4M | 0.02% |
121,138
+3,012
| +3% | +$473K |
|
731
D.R. Horton
DHI
$41B
| $15.4M | 0.02% |
704,914
-6,960
| -1% | -$157K |
|
|
IHS
732
DELISTED
IHS INC CL-A COM STK
IHS
| $15.4M | 0.02% |
126,971
+6,100
| +5% | +$720K |
|
733
Howard Hughes
HHH
$3.89B
| $15.3M | 0.02% |
111,912
+383
| +0.3% | +$48.1K |
|
734
Infosys
INFY
$51.1B
| $15.3M | 0.02% |
2,227,776
-671,888
| -23% | -$4.88M |
|
735
Donaldson
DCI
$11.2B
| $15.3M | 0.02% |
369,400
-16,800
| -4% | -$707K |
|
736
News Corp Class B
NWS
$17.5B
| $15.3M | 0.02% |
917,650
+3,100
| +0.3% | +$52.7K |
|
|
VALE.P
737
DELISTED
Vale S A
VALE.P
| $15.3M | 0.02% |
1,121,397
-210,690
| -16% | -$2.58M |
|
738
Popular Inc
BPOP
$11.2B
| $15.2M | 0.02% |
499,801
-31,545
| -6% | -$898K |
|
|
APOL
739
DELISTED
Apollo Education Group Inc Class A
APOL
| $15.2M | 0.02% |
511,406
-89,900
| -15% | -$2.92M |
|
740
Graphic Packaging
GPK
$3.55B
| $15.2M | 0.02% |
1,519,900
+59,000
| +4% | +$582K |
|
741
SS&C Technologies
SSNC
$18.7B
| $15.1M | 0.02% |
792,200
+663,600
| +516% | +$13.6M |
|
|
PL
742
DELISTED
PROTECTIVE LIFE CORP
PL
| $15.1M | 0.02% |
299,085
-30,300
| -9% | -$1.56M |
|
|
ONIT
743
Onity Group
ONIT
$324M
| $15.1M | 0.02% |
26,992
+5,054
| +23% | +$3.28M |
|
|
EEP
744
DELISTED
Enbridge Energy Partners
EEP
| $15.1M | 0.02% |
523,539
-81,900
| -14% | -$2.29M |
|
|
BTU
745
DELISTED
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
| $15.1M | 0.02% |
56,608
-5,750
| -9% | -$1.46M |
|
746
Huntsman Corp
HUN
$1.79B
| $15M | 0.02% |
602,500
-205,500
| -25% | -$4.77M |
|
|
EV
747
DELISTED
Eaton Vance Corp.
EV
| $14.9M | 0.02% |
408,944
+66,500
| +19% | +$2.56M |
|
|
BMS
748
DELISTED
Bemis
BMS
| $14.9M | 0.02% |
369,487
+57,847
| +19% | +$2.26M |
|
|
NGLS
749
DELISTED
TARGA RESOURCES PARTNERS LP COM UTS REPTG LTD PARTERSHIP INT
NGLS
| $14.8M | 0.02% |
247,500
+55,900
| +29% | +$2.96M |
|
750
Graco
GGG
$13.5B
| $14.8M | 0.02% |
599,898
+2,010
| +0.3% | +$50.3K |
|
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.