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 | |
|---|---|---|---|---|---|---|
1051
Liberty Broadband Class C
LBRDK
$5.18B
| $8.47M | 0.01% |
+179,470
| New | +$8.84M |
|
1052
Kosmos Energy
KOS
$1.49B
| $8.46M | 0.01% |
945,600
+315,200
| +50% | +$2.81M |
|
|
SKX
1053
DELISTED
Skechers
SKX
| $8.44M | 0.01% |
419,238
+85,938
| +26% | +$1.61M |
|
1054
Radian Group
RDN
$4.87B
| $8.44M | 0.01% |
513,842
| – | – |
|
|
FEIC
1055
DELISTED
FEI COMPANY
FEIC
| $8.41M | 0.01% |
100,800
+3,500
| +4% | +$292K |
|
1056
COPT Defense Properties
CDP
$4.14B
| $8.38M | 0.01% |
275,120
+82,441
| +43% | +$2.27M |
|
1057
PRA Group
PRAA
$723M
| $8.37M | 0.01% |
161,092
-13,360
| -8% | -$789K |
|
|
HA
1058
DELISTED
Hawaiian Holdings, Inc.
HA
| $8.37M | 0.01% |
306,589
-46,600
| -13% | -$879K |
|
1059
Cleveland-Cliffs
CLF
$7.13B
| $8.37M | 0.01% |
1,230,590
+447,626
| +57% | +$3.89M |
|
1060
Photronics
PLAB
$1.89B
| $8.36M | 0.01% |
1,000,600
+47,200
| +5% | +$404K |
|
1061
RLI Corp
RLI
$5.83B
| $8.33M | 0.01% |
338,844
+400
| +0.1% | +$9.43K |
|
1062
Deckers Outdoor
DECK
$13.3B
| $8.32M | 0.01% |
616,920
-37,902
| -6% | -$577K |
|
1063
SAP
SAP
$241B
| $8.3M | 0.01% |
126,735
| – | – |
|
|
SYA
1064
DELISTED
SYMETRA FINANCIAL CORPORATION COMMON STOCK
SYA
| $8.3M | 0.01% |
390,700
+5,400
| +1% | +$123K |
|
1065
WEX
WEX
$6.35B
| $8.29M | 0.01% |
87,812
+2,864
| +3% | +$305K |
|
1066
Moog Inc Class A
MOG.A
$13B
| $8.29M | 0.01% |
109,400
+800
| +0.7% | +$57.8K |
|
1067
Generac Holdings
GNRC
$12.2B
| $8.26M | 0.01% |
182,900
-74,630
| -29% | -$3.27M |
|
1068
Bio-Techne
TECH
$11.2B
| $8.25M | 0.01% |
354,400
-25,880
| -7% | -$592K |
|
|
CVG
1069
DELISTED
Convergys
CVG
| $8.24M | 0.01% |
418,963
-6,600
| -2% | -$131K |
|
1070
Rollins
ROL
$17.9B
| $8.22M | 0.01% |
824,999
-72,967
| -8% | -$682K |
|
1071
Watsco Inc
WSO
$13.5B
| $8.22M | 0.01% |
74,000
+6,600
| +10% | +$656K |
|
1072
Vail Resorts
MTN
$5.21B
| $8.19M | 0.01% |
90,356
+5,786
| +7% | +$502K |
|
|
SAPE
1073
DELISTED
SAPIENT CORP
SAPE
| $8.19M | 0.01% |
329,200
+20,200
| +7% | +$426K |
|
|
MFA
1074
MFA Financial
MFA
$919M
| $8.19M | 0.01% |
258,100
+17,800
| +7% | +$586K |
|
|
BEE
1075
DELISTED
STRATEGIC HOTELS & RESORTS, INC
BEE
| $8.18M | 0.01% |
579,929
-11,590
| -2% | -$146K |
|
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.