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 | |
|---|---|---|---|---|---|---|
951
Telephone and Data Systems
TDS
$3.84B
| $9.92M | 0.01% |
376,447
-76,700
| -17% | -$1.95M |
|
952
Healthcare Services Group
HCSG
$1.5B
| $9.91M | 0.01% |
337,042
+17,835
| +6% | +$489K |
|
953
CEMIG Preferred Shares
CIG
$5.84B
| $9.91M | 0.01% |
2,684,422
+2,588,600
| +2,701% | +$7.61M |
|
|
LGF
954
DELISTED
Lions Gate Entertainment
LGF
| $9.9M | 0.01% |
385,400
+61,700
| +19% | +$1.89M |
|
955
EPR Properties
EPR
$4.63B
| $9.89M | 0.01% |
183,826
+12,150
| +7% | +$627K |
|
|
AAN.A
956
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $9.88M | 0.01% |
321,380
+71,130
| +28% | +$2.19M |
|
957
Cinemark Holdings
CNK
$4.38B
| $9.83M | 0.01% |
345,951
+7,500
| +2% | +$225K |
|
|
TIBX
958
DELISTED
TIBCO SOFTWARE INC
TIBX
| $9.79M | 0.01% |
492,800
+3,700
| +0.8% | +$80.3K |
|
|
MCRS
959
DELISTED
MICROS SYSTEMS INC
MCRS
| $9.78M | 0.01% |
189,700
-17,000
| -8% | -$943K |
|
|
MNK
960
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $9.77M | 0.01% |
152,166
+1,400
| +0.9% | +$88.2K |
|
961
Upbound Group
UPBD
$1.12B
| $9.77M | 0.01% |
362,594
+15,575
| +4% | +$422K |
|
|
SGEN
962
DELISTED
Seagen Inc. Common Stock
SGEN
| $9.76M | 0.01% |
237,500
+21,000
| +10% | +$1M |
|
|
EPB
963
DELISTED
EL PASO PIPELINE PARTNERS, L.P. COM UNITS REPSTG LTD PART
EPB
| $9.75M | 0.01% |
308,400
-27,200
| -8% | -$863K |
|
964
Southwest Gas
SWX
$6.56B
| $9.74M | 0.01% |
184,338
-3,100
| -2% | -$166K |
|
965
iShares MSCI Japan ETF
EWJ
$22.6B
| $9.73M | 0.01% |
221,262
| – | – |
|
|
CLC
966
DELISTED
Clarcor
CLC
| $9.73M | 0.01% |
175,100
+6,000
| +4% | +$347K |
|
|
DRC
967
DELISTED
DRESSER-RAND GROUP INC
DRC
| $9.7M | 0.01% |
167,200
-87,400
| -34% | -$4.98M |
|
|
PAY
968
DELISTED
Verifone Systems Inc
PAY
| $9.7M | 0.01% |
300,607
+58,607
| +24% | +$1.74M |
|
|
AIRM
969
DELISTED
Air Methods Corp
AIRM
| $9.69M | 0.01% |
186,100
+700
| +0.4% | +$37.4K |
|
970
ScottsMiracle-Gro
SMG
$3.63B
| $9.66M | 0.01% |
157,200
-20,600
| -12% | -$1.22M |
|
|
BIG
971
DELISTED
Big Lots, Inc.
BIG
| $9.64M | 0.01% |
258,326
-15,400
| -6% | -$475K |
|
|
KND
972
DELISTED
Kindred Healthcare
KND
| $9.58M | 0.01% |
392,336
-90,320
| -19% | -$1.87M |
|
|
BMR
973
DELISTED
BIOMED REALTY TRUST INC
BMR
| $9.54M | 0.01% |
465,294
+63,300
| +16% | +$1.25M |
|
|
SGY
974
DELISTED
Stone Energy
SGY
| $9.53M | 0.01% |
3,914
-296
| -7% | -$580K |
|
|
SC
975
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $9.52M | 0.01% |
+421,640
| New | +$10.4M |
|
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.