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 | |
|---|---|---|---|---|---|---|
851
Brunswick
BC
$5.21B
| $11.8M | 0.02% |
227,100
+1,000
| +0.4% | +$46.8K |
|
852
Sunstone Hotel Investors
SHO
$2.03B
| $11.8M | 0.02% |
662,573
+8,500
| +1% | +$131K |
|
853
Dick's Sporting Goods
DKS
$19B
| $11.8M | 0.02% |
213,700
| – | – |
|
|
BERY
854
DELISTED
Berry Global Group, Inc.
BERY
| $11.8M | 0.02% |
392,672
+10,852
| +3% | +$272K |
|
855
KBR
KBR
$4.84B
| $11.8M | 0.02% |
699,946
+111,410
| +19% | +$2M |
|
856
RenaissanceRe
RNR
$13.3B
| $11.8M | 0.02% |
120,501
-90,300
| -43% | -$8.97M |
|
857
O-I Glass
OI
$1.07B
| $11.7M | 0.02% |
499,585
-17,575
| -3% | -$452K |
|
858
Diamondback Energy
FANG
$55.4B
| $11.7M | 0.02% |
170,269
+3,552
| +2% | +$226K |
|
|
CAVM
859
DELISTED
Cavium, Inc.
CAVM
| $11.7M | 0.02% |
191,565
+38,145
| +25% | +$2.02M |
|
|
RGP
860
DELISTED
REGENCY ENERGY PARTNERS LP COMMON UTS REP LIMITED PART INTS
RGP
| $11.6M | 0.02% |
467,649
+18,600
| +4% | +$527K |
|
861
Huntsman Corp
HUN
$1.79B
| $11.6M | 0.02% |
521,100
| – | – |
|
|
AFSI
862
DELISTED
AmTrust Financial Services, Inc.
AFSI
| $11.6M | 0.02% |
446,158
-45,000
| -9% | -$1.13M |
|
863
Arthur J. Gallagher & Co
AJG
$64.2B
| $11.6M | 0.02% |
254,900
-154,200
| -38% | -$7.23M |
|
864
Myriad Genetics
MYGN
$317M
| $11.5M | 0.02% |
304,600
+10,400
| +4% | +$369K |
|
865
Dillards
DDS
$9.87B
| $11.5M | 0.02% |
97,800
-86,900
| -47% | -$9.68M |
|
866
Popular Inc
BPOP
$11.2B
| $11.5M | 0.02% |
367,600
-203,005
| -36% | -$6.37M |
|
|
TPH
867
DELISTED
Tri Pointe Homes
TPH
| $11.5M | 0.02% |
809,521
| – | – |
|
868
U-Haul Holding Co
UHAL
$14.6B
| $11.4M | 0.02% |
388,680
-3,000
| -0.8% | -$81.3K |
|
869
Vishay Intertechnology
VSH
$5.19B
| $11.4M | 0.02% |
824,423
+100,688
| +14% | +$1.38M |
|
|
BMS
870
DELISTED
Bemis
BMS
| $11.4M | 0.02% |
253,687
-1,400
| -0.5% | -$56.4K |
|
|
ATHN
871
DELISTED
Athenahealth, Inc.
ATHN
| $11.4M | 0.02% |
77,975
-30,482
| -28% | -$3.83M |
|
872
MSC Industrial Direct
MSM
$6.84B
| $11.3M | 0.02% |
150,300
+600
| +0.4% | +$48.8K |
|
|
SIX
873
DELISTED
Six Flags Entertainment Corp.
SIX
| $11.3M | 0.02% |
254,500
| – | – |
|
874
Infosys
INFY
$51.1B
| $11.3M | 0.02% |
1,282,624
-823,168
| -39% | -$6.66M |
|
875
Portland General Electric
POR
$5.68B
| $11.3M | 0.02% |
278,347
-32,228
| -10% | -$1.17M |
|
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.