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 | |
|---|---|---|---|---|---|---|
|
INFA
901
DELISTED
INFORMATICA CORP
INFA
| $10.8M | 0.01% |
250,800
-41,970
| -14% | -$1.51M |
|
902
HDFC Bank
HDB
$120B
| $10.8M | 0.01% |
696,420
| – | – |
|
|
CVSA
903
Covista Inc
CVSA
$4.6B
| $10.8M | 0.01% |
246,077
-6,400
| -3% | -$301K |
|
904
Teradyne
TER
$57.7B
| $10.8M | 0.01% |
570,479
-158,361
| -22% | -$2.99M |
|
|
PPS
905
DELISTED
Post Properties
PPS
| $10.8M | 0.01% |
170,896
+31,600
| +23% | +$1.78M |
|
|
DCT
906
DELISTED
DCT Industrial Trust Inc.
DCT
| $10.7M | 0.01% |
278,806
+90,750
| +48% | +$3.03M |
|
|
WGL
907
DELISTED
Wgl Holdings
WGL
| $10.7M | 0.01% |
183,400
+1,100
| +0.6% | +$53.3K |
|
|
DNKN
908
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $10.7M | 0.01% |
231,775
+41,381
| +22% | +$1.89M |
|
909
Antero Resources
AR
$11.4B
| $10.6M | 0.01% |
289,224
+170,124
| +143% | +$8.16M |
|
910
Brookdale Senior Living
BKD
$3.24B
| $10.6M | 0.01% |
309,224
+7,994
| +3% | +$271K |
|
911
Leidos
LDOS
$17.4B
| $10.5M | 0.01% |
248,350
+12,300
| +5% | +$481K |
|
912
Reliance Steel & Aluminium
RS
$21.9B
| $10.5M | 0.01% |
197,720
+4,000
| +2% | +$254K |
|
913
Grupo Cibest SA
CIB
$21.6B
| $10.5M | 0.01% |
218,782
-14,158
| -6% | -$754K |
|
|
EQC
914
DELISTED
Equity Commonwealth
EQC
| $10.5M | 0.01% |
392,697
+65,227
| +20% | +$1.66M |
|
|
XLS
915
DELISTED
EXELIS INC COM STK
XLS
| $10.5M | 0.01% |
595,315
+12,700
| +2% | +$219K |
|
|
GWR
916
DELISTED
Genesee & Wyoming Inc.
GWR
| $10.5M | 0.01% |
122,959
-2,259
| -2% | -$209K |
|
|
MPT
917
Medical Properties Trust
MPT
$2.46B
| $10.5M | 0.01% |
681,548
+1,853
| +0.3% | +$24.8K |
|
918
Kirby Corp
KEX
$6.95B
| $10.5M | 0.01% |
133,200
-3,800
| -3% | -$376K |
|
919
Telephone and Data Systems
TDS
$3.78B
| $10.5M | 0.01% |
435,847
+78,900
| +22% | +$1.94M |
|
920
Palo Alto Networks
PANW
$311B
| $10.5M | 0.01% |
497,670
-309,534
| -38% | -$5.71M |
|
|
CYN
921
DELISTED
CITY NATIONAL CORPORATION
CYN
| $10.4M | 0.01% |
116,858
-2,300
| -2% | -$177K |
|
|
NBIS
922
Nebius Group N.V.
NBIS
$47.4B
| $10.4M | 0.01% |
643,500
| – | – |
|
923
W.P. Carey
WPC
$16.1B
| $10.3M | 0.01% |
144,267
+2,144
| +2% | +$142K |
|
|
CBI
924
DELISTED
Chicago Bridge & Iron Nv
CBI
| $10.3M | 0.01% |
264,900
+900
| +0.3% | +$44.4K |
|
925
Equity Lifestyle Properties
ELS
$12.5B
| $10.3M | 0.01% |
366,452
+15,000
| +4% | +$361K |
|
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.