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 | |
|---|---|---|---|---|---|---|
|
QEP
1001
DELISTED
QEP RESOURCES, INC.
QEP
| $9.13M | 0.01% |
439,225
-31,600
| -7% | -$737K |
|
1002
Thor Industries
THO
$4.14B
| $9.13M | 0.01% |
158,427
+331
| +0.2% | +$17.9K |
|
|
LSI
1003
DELISTED
Life Storage, Inc.
LSI
| $9.12M | 0.01% |
142,577
-11,940
| -8% | -$664K |
|
|
PAY
1004
DELISTED
Verifone Systems Inc
PAY
| $9.11M | 0.01% |
282,317
-1,224
| -0.4% | -$43.1K |
|
|
TGI
1005
DELISTED
Triumph Group
TGI
| $9.09M | 0.01% |
144,247
+132,856
| +1,166% | +$8.73M |
|
1006
Chemed
CHE
$7.18B
| $9.07M | 0.01% |
86,400
-3,955
| -4% | -$418K |
|
1007
Cognex
CGNX
$10.8B
| $9.05M | 0.01% |
470,400
-26,400
| -5% | -$526K |
|
|
STRZA
1008
DELISTED
Starz - Series A
STRZA
| $9.05M | 0.01% |
310,823
-16,800
| -5% | -$518K |
|
1009
Fortinet
FTNT
$120B
| $9.02M | 0.01% |
1,390,500
-90,500
| -6% | -$488K |
|
|
PNY
1010
DELISTED
PIEDMONT NATURAL GAS CO INC(NC
PNY
| $8.98M | 0.01% |
221,093
+3,700
| +2% | +$138K |
|
1011
Sanmina
SANM
$10.7B
| $8.96M | 0.01% |
427,092
+38,606
| +10% | +$883K |
|
1012
The GEO Group
GEO
$4.04B
| $8.95M | 0.01% |
311,850
+12,900
| +4% | +$336K |
|
|
SLH
1013
DELISTED
SOLERA HOLDINGS, INC. COM
SLH
| $8.94M | 0.01% |
170,323
+4,823
| +3% | +$253K |
|
1014
SM Energy
SM
$7.55B
| $8.94M | 0.01% |
234,958
+72,600
| +45% | +$3.64M |
|
1015
Bank of Hawaii
BOH
$3.1B
| $8.94M | 0.01% |
156,578
+1,700
| +1% | +$98K |
|
1016
Erie Indemnity
ERIE
$13.2B
| $8.94M | 0.01% |
100,255
+2,100
| +2% | +$179K |
|
1017
Armstrong World Industries
AWI
$7.75B
| $8.93M | 0.01% |
172,800
+15,900
| +10% | +$788K |
|
1018
Tanger
SKT
$4.44B
| $8.92M | 0.01% |
221,800
+5,000
| +2% | +$179K |
|
|
TXNM
1019
TXNM Energy Inc
TXNM
$5.91B
| $8.91M | 0.01% |
290,950
-7,186
| -2% | -$204K |
|
|
VRNT
1020
DELISTED
Verint Systems
VRNT
| $8.91M | 0.01% |
318,192
-2,965
| -0.9% | -$86.4K |
|
1021
VEON
VEON
$3.87B
| $8.89M | 0.01% |
98,541
+21,192
| +27% | +$2.87M |
|
1022
Flowers Foods
FLO
$1.51B
| $8.87M | 0.01% |
441,519
-4,000
| -0.9% | -$75.6K |
|
|
SNV
1023
DELISTED
Synovus
SNV
| $8.86M | 0.01% |
341,137
-49,200
| -13% | -$1.24M |
|
|
CNL
1024
DELISTED
CLECO CRP (HOLDING CO)
CNL
| $8.84M | 0.01% |
161,100
+4,900
| +3% | +$259K |
|
1025
Littelfuse
LFUS
$11.6B
| $8.81M | 0.01% |
87,568
+3,328
| +4% | +$309K |
|
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.