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 |
Apple
AAPL
|
+$191M |
| 2 |
ExxonMobil
XOM
|
+$166M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$143M |
| 4 |
Microsoft
MSFT
|
+$139M |
| 5 |
Wells Fargo
WFC
|
+$123M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DELL
DELL INC
DELL
|
+$68M |
| 2 |
Melco Resorts & Entertainment
MLCO
|
+$45.3M |
| 3 |
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$32.5M |
| 4 |
NYX
NYSE EURONEXT INC
NYX
|
+$31.4M |
| 5 |
Perrigo
PRGO
|
+$28.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.93% |
| 2 | Technology | 13.51% |
| 3 | Healthcare | 12.03% |
| 4 | Industrials | 11.52% |
| 5 | Energy | 9.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CHMT
976
DELISTED
Chemtura Corporation
CHMT
| $9.4M | 0.01% |
339,340
+46,840
| +16% | +$1.17M |
|
|
NPSP
977
DELISTED
NPS PHARMACEUTICALS INC
NPSP
| $9.39M | 0.01% |
313,780
+13,500
| +4% | +$372K |
|
978
Portland General Electric
POR
$5.67B
| $9.37M | 0.01% |
313,300
+93,768
| +43% | +$2.76M |
|
979
Cognex
CGNX
$10.8B
| $9.33M | 0.01% |
489,600
+51,656
| +12% | +$839K |
|
980
Mid-America Apartment Communities
MAA
$15.4B
| $9.32M | 0.01% |
154,042
+60,580
| +65% | +$3.79M |
|
981
Vipshop
VIPS
$7.52B
| $9.31M | 0.01% |
1,108,000
+1,078,000
| +3,593% | +$8.21M |
|
982
Ionis Pharmaceuticals
IONS
$9.52B
| $9.3M | 0.01% |
226,900
-4,994
| -2% | -$178K |
|
983
White Mountains Insurance
WTM
$5.08B
| $9.29M | 0.01% |
15,498
+130
| +0.8% | +$76.6K |
|
984
Kilroy Realty
KRC
$4.32B
| $9.29M | 0.01% |
183,584
+12,118
| +7% | +$621K |
|
985
RLI Corp
RLI
$5.81B
| $9.28M | 0.01% |
387,588
+23,736
| +7% | +$564K |
|
|
ARRS
986
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $9.27M | 0.01% |
393,090
+95,910
| +32% | +$1.83M |
|
|
CMLP
987
DELISTED
CRESTWOOD MIDSTREAM PARTNERS LP NEW UTS REP LTD PRT INT (DE)
CMLP
| $9.24M | 0.01% |
+375,621
| New | +$8.35M |
|
|
ASNA
988
DELISTED
Ascena Retail Group, Inc.
ASNA
| $9.23M | 0.01% |
21,921
+795
| +4% | +$325K |
|
989
Tenaris
TS
$27.1B
| $9.23M | 0.01% |
+213,160
| New | +$9.67M |
|
|
CYBX
990
DELISTED
CYBERONICS INC
CYBX
| $9.22M | 0.01% |
144,123
+4,296
| +3% | +$260K |
|
991
Genpact
G
$5.78B
| $9.21M | 0.01% |
510,714
+60,575
| +13% | +$1.13M |
|
992
Landstar System
LSTR
$6.12B
| $9.2M | 0.01% |
161,143
+29,894
| +23% | +$1.67M |
|
993
Cadence Design Systems
CDNS
$93.3B
| $9.18M | 0.01% |
666,510
+22,630
| +4% | +$304K |
|
994
FirstCash
FCFS
$9.07B
| $9.18M | 0.01% |
149,175
+2,062
| +1% | +$125K |
|
|
RGP
995
DELISTED
REGENCY ENERGY PARTNERS LP COMMON UTS REP LIMITED PART INTS
RGP
| $9.18M | 0.01% |
349,963
+6,300
| +2% | +$160K |
|
|
CBST
996
DELISTED
CUBIST PHARMACEUTICALS INC
CBST
| $9.17M | 0.01% |
137,000
-35,523
| -21% | -$2.3M |
|
|
NATI
997
DELISTED
National Instruments Corp
NATI
| $9.16M | 0.01% |
292,335
+42,403
| +17% | +$1.31M |
|
|
SIX
998
DELISTED
Six Flags Entertainment Corp.
SIX
| $9.14M | 0.01% |
249,500
-100
| -0% | -$3.6K |
|
|
FEIC
999
DELISTED
FEI COMPANY
FEIC
| $9.13M | 0.01% |
101,525
+8,923
| +10% | +$791K |
|
|
WP
1000
DELISTED
Worldpay, Inc.
WP
| $9.09M | 0.01% |
287,613
+135,813
| +89% | +$3.93M |
|
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California Public Employees Retirement System's Q4 2013 Portfolio in Review
As of Q4 2013, California Public Employees Retirement System held 4,184 positions worth $69B, up 28% from $54B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
California Public Employees Retirement System deployed $9.68B of net new capital in Q4 2013, opening 203 new positions and adding to 1,884 existing holdings. Its largest new stake was Vodafone: 1,609,157 shares worth $64.1M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 15% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Melco Resorts & Entertainment, an estimated $45.3M trimmed.
- California Public Employees Retirement System's largest Q4 2013 buy was Vodafone: 1,609,157 shares worth $64.1M.
- California Public Employees Retirement System added most to Apple in Q4 2013, an estimated $191M increase.
- California Public Employees Retirement System's biggest Q4 2013 reduction was Melco Resorts & Entertainment, cutting an estimated $45.3M.
- California Public Employees Retirement System fully exited DELL INC in Q4 2013, selling an estimated $68M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $69B portfolio in Q4 2013.
- California Public Employees Retirement System opened 203 new positions and closed 206 in Q4 2013.
- California Public Employees Retirement System's portfolio value rose 28% quarter-over-quarter to $69B.
Based on California Public Employees Retirement System's 13F filing for Q4 2013, filed 11 Feb 2014.