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 | 10.72% |
| 5 | Energy | 9.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AHL
726
DELISTED
ASPEN Insurance Holding Limited
AHL
| $15.1M | 0.02% |
352,700
+64,800
| +23% | +$2.75M |
|
|
CMCSK
727
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $15.1M | 0.02% |
281,742
+6,900
| +3% | +$369K |
|
728
Lennox International
LII
$14.8B
| $15.1M | 0.02% |
196,000
-22,100
| -10% | -$1.87M |
|
|
AKRX
729
DELISTED
Akorn Inc
AKRX
| $15M | 0.02% |
412,654
-4,747
| -1% | -$170K |
|
|
IHS
730
DELISTED
IHS INC CL-A COM STK
IHS
| $14.9M | 0.02% |
119,171
+21,900
| +23% | +$2.97M |
|
731
Tenaris
TS
$27.1B
| $14.9M | 0.02% |
327,451
| – | – |
|
|
RAD
732
DELISTED
Rite Aid Corporation
RAD
| $14.9M | 0.02% |
153,549
+17,605
| +13% | +$2.27M |
|
733
Ingredion
INGR
$6.55B
| $14.8M | 0.02% |
195,100
| – | – |
|
734
Iron Mountain
IRM
$36.3B
| $14.8M | 0.02% |
452,609
-53,788
| -11% | -$1.74M |
|
735
Donaldson
DCI
$11.3B
| $14.8M | 0.02% |
363,400
-200
| -0.1% | -$8.14K |
|
|
RGP
736
DELISTED
REGENCY ENERGY PARTNERS LP COMMON UTS REP LIMITED PART INTS
RGP
| $14.6M | 0.02% |
449,049
+500
| +0.1% | +$15.9K |
|
737
UGI
UGI
$7.25B
| $14.6M | 0.02% |
429,352
-26,752
| -6% | -$910K |
|
|
MWV
738
DELISTED
MEADWESTVACO CORP
MWV
| $14.6M | 0.02% |
357,384
+53,800
| +18% | +$2.3M |
|
|
ITC
739
DELISTED
ITC HOLDINGS CORP
ITC
| $14.6M | 0.02% |
409,500
-9,430
| -2% | -$343K |
|
|
S
740
DELISTED
Sprint Corporation
S
| $14.5M | 0.02% |
2,293,096
+32,299
| +1% | +$220K |
|
|
QEP
741
DELISTED
QEP RESOURCES, INC.
QEP
| $14.5M | 0.02% |
470,825
-54,850
| -10% | -$1.83M |
|
|
PBCT
742
DELISTED
People's United Financial Inc
PBCT
| $14.4M | 0.02% |
996,379
-228,300
| -19% | -$3.39M |
|
743
Carlisle Companies
CSL
$15.3B
| $14.4M | 0.02% |
179,300
-8,800
| -5% | -$732K |
|
|
HCC
744
DELISTED
HCC INSURANCES HOLDINGS INC
HCC
| $14.4M | 0.02% |
297,657
-40,373
| -12% | -$1.96M |
|
745
Global Payments
GPN
$22.7B
| $14.4M | 0.02% |
411,200
-40,400
| -9% | -$1.44M |
|
|
LVNTA
746
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $14.4M | 0.02% |
378,264
-129,599
| -26% | -$4.74M |
|
747
Warner Bros
WBD
$67.6B
| $14.3M | 0.02% |
379,512
-460,260
| -55% | -$19.2M |
|
748
Regal Rexnord
RRX
$11.8B
| $14.3M | 0.02% |
222,805
-9,093
| -4% | -$654K |
|
749
Ryder
R
$10B
| $14.3M | 0.02% |
158,877
-8,500
| -5% | -$762K |
|
|
ATHN
750
DELISTED
Athenahealth, Inc.
ATHN
| $14.3M | 0.02% |
108,457
+7,598
| +8% | +$1M |
|
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.