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 | |
|---|---|---|---|---|---|---|
1076
Webster Financial
WBS
$12.8B
| $7.97M | 0.01% |
261,153
-8,400
| -3% | -$258K |
|
1077
RLJ Lodging Trust
RLJ
$1.67B
| $7.95M | 0.01% |
300,330
+300
| +0.1% | +$7.66K |
|
1078
Bio-Rad Laboratories Class A
BIO
$9.48B
| $7.93M | 0.01% |
63,639
-400
| -0.6% | -$51.3K |
|
1079
Commault Systems
CVLT
$5.78B
| $7.93M | 0.01% |
117,470
+1,000
| +0.9% | +$69.2K |
|
1080
RLI Corp
RLI
$5.83B
| $7.92M | 0.01% |
367,972
-19,616
| -5% | -$429K |
|
|
PRXL
1081
DELISTED
Parexel International Corp
PRXL
| $7.9M | 0.01% |
156,000
-2,477
| -2% | -$127K |
|
|
BWLD
1082
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $7.89M | 0.01% |
55,587
-32,900
| -37% | -$4.67M |
|
|
SYA
1083
DELISTED
SYMETRA FINANCIAL CORPORATION COMMON STOCK
SYA
| $7.85M | 0.01% |
403,400
-49,100
| -11% | -$949K |
|
1084
Post Holdings
POST
$3.45B
| $7.83M | 0.01% |
229,345
+21,392
| +10% | +$768K |
|
1085
Littelfuse
LFUS
$11.6B
| $7.82M | 0.01% |
84,940
+500
| +0.6% | +$46.1K |
|
|
MW
1086
DELISTED
THE MENS WAREHOUSE INC
MW
| $7.81M | 0.01% |
155,400
-6,300
| -4% | -$313K |
|
1087
American Eagle Outfitters
AEO
$3.07B
| $7.81M | 0.01% |
665,646
+9,000
| +1% | +$124K |
|
1088
Genpact
G
$5.73B
| $7.81M | 0.01% |
452,800
-57,914
| -11% | -$977K |
|
1089
Toll Brothers
TOL
$14B
| $7.8M | 0.01% |
217,065
-19,282
| -8% | -$710K |
|
1090
Deluxe
DLX
$1.12B
| $7.79M | 0.01% |
151,413
-4,446
| -3% | -$223K |
|
1091
Insight Enterprises
NSIT
$4.54B
| $7.79M | 0.01% |
299,320
-11,410
| -4% | -$263K |
|
|
LNCO
1092
DELISTED
LINNCO LLC COM SHS REPSTG LTD LIABILITY
LNCO
| $7.79M | 0.01% |
287,948
+26,800
| +10% | +$816K |
|
1093
Kemper
KMPR
$1.55B
| $7.79M | 0.01% |
201,700
-1,200
| -0.6% | -$46.1K |
|
1094
DexCom
DXCM
$33.1B
| $7.79M | 0.01% |
848,204
-58,196
| -6% | -$602K |
|
|
DCP
1095
DELISTED
DCP Midstream, LP
DCP
| $7.79M | 0.01% |
150,600
+5,200
| +4% | +$257K |
|
1096
Ionis Pharmaceuticals
IONS
$9.46B
| $7.77M | 0.01% |
211,900
-15,000
| -7% | -$727K |
|
|
WNR
1097
DELISTED
Western Refining Inc
WNR
| $7.76M | 0.01% |
202,400
+39,700
| +24% | +$1.56M |
|
|
CNL
1098
DELISTED
CLECO CRP (HOLDING CO)
CNL
| $7.75M | 0.01% |
154,900
+4,200
| +3% | +$203K |
|
|
TWTC
1099
DELISTED
TW TELECOM INC CL A COM
TWTC
| $7.75M | 0.01% |
255,300
+8,800
| +4% | +$266K |
|
1100
Gaming and Leisure Properties
GLPI
$12.5B
| $7.73M | 0.01% |
216,244
+43,882
| +25% | +$1.66M |
|
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.