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 | |
|---|---|---|---|---|---|---|
1001
Archrock
AROC
$5.81B
| $9.03M | 0.01% |
206,960
+12,560
| +6% | +$468K |
|
|
MDSO
1002
DELISTED
Medidata Solutions, Inc.
MDSO
| $9.02M | 0.01% |
187,865
-11,721
| -6% | -$714K |
|
|
VTLE
1003
DELISTED
Vital Energy
VTLE
| $9M | 0.01% |
+17,110
| New | +$8.74M |
|
|
CATM
1004
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $9M | 0.01% |
239,405
+5,580
| +2% | +$226K |
|
1005
Douglas Emmett
DEI
$1.93B
| $8.97M | 0.01% |
331,545
+38,700
| +13% | +$1M |
|
|
HOUS
1006
DELISTED
Anywhere Real Estate
HOUS
| $8.93M | 0.01% |
207,700
+500
| +0.2% | +$23.3K |
|
1007
White Mountains Insurance
WTM
$5.04B
| $8.92M | 0.01% |
14,998
-500
| -3% | -$292K |
|
|
SNV
1008
DELISTED
Synovus
SNV
| $8.92M | 0.01% |
382,689
-87,054
| -19% | -$2.12M |
|
1009
Clearwater Paper
CLW
$368M
| $8.9M | 0.01% |
144,091
+6,700
| +5% | +$399K |
|
1010
New York Times
NYT
$10.5B
| $8.89M | 0.01% |
560,944
-24,434
| -4% | -$377K |
|
|
HRC
1011
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $8.88M | 0.01% |
234,604
-5,182
| -2% | -$200K |
|
1012
Manitowoc
MTW
$678M
| $8.87M | 0.01% |
328,318
+22,838
| +7% | +$585K |
|
1013
Leidos
LDOS
$17.5B
| $8.86M | 0.01% |
238,125
-82,856
| -26% | -$3.69M |
|
|
AKRX
1014
DELISTED
Akorn Inc
AKRX
| $8.86M | 0.01% |
420,601
+6,700
| +2% | +$157K |
|
1015
Diamondback Energy
FANG
$55.7B
| $8.86M | 0.01% |
132,958
+124,958
| +1,562% | +$7.19M |
|
1016
Graham Holdings Company
GHC
$4.99B
| $8.85M | 0.01% |
21,182
-4,303
| -17% | -$1.76M |
|
1017
BHP
BHP
$230B
| $8.84M | 0.01% |
+146,242
| New | +$8.2M |
|
1018
Sensient Technologies
SXT
$5.51B
| $8.84M | 0.01% |
162,047
+2,365
| +1% | +$122K |
|
|
WCC
1019
WESCO International
WCC
$17.9B
| $8.82M | 0.01% |
102,560
-72,346
| -41% | -$6.2M |
|
|
SINA
1020
DELISTED
Sina Corp
SINA
| $8.82M | 0.01% |
159,500
-1,085
| -0.7% | -$77.3K |
|
1021
Landstar System
LSTR
$6.05B
| $8.8M | 0.01% |
149,300
-11,843
| -7% | -$691K |
|
1022
TriMas Corp
TRS
$1.43B
| $8.75M | 0.01% |
337,118
+903
| +0.3% | +$25.5K |
|
|
TECD
1023
DELISTED
Tech Data Corp
TECD
| $8.72M | 0.01% |
141,900
-14,400
| -9% | -$798K |
|
|
ODP
1024
DELISTED
ODP
ODP
| $8.71M | 0.01% |
210,390
-32,930
| -14% | -$1.59M |
|
1025
W.P. Carey
WPC
$16.1B
| $8.68M | 0.01% |
147,841
+12,967
| +10% | +$783K |
|
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.