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 | |
|---|---|---|---|---|---|---|
1076
Texas Roadhouse
TXRH
$13.6B
| $8.18M | 0.01% |
238,130
+19,030
| +9% | +$584K |
|
1077
ScottsMiracle-Gro
SMG
$3.63B
| $8.17M | 0.01% |
128,400
-5,300
| -4% | -$315K |
|
|
TCF
1078
DELISTED
TCF Financial Corporation
TCF
| $8.17M | 0.01% |
553,800
-27,230
| -5% | -$419K |
|
|
SUSQ
1079
DELISTED
SUSQUEHANNA BANCSHARES INC
SUSQ
| $8.16M | 0.01% |
632,239
+19,900
| +3% | +$232K |
|
1080
Yelp
YELP
$1.35B
| $8.15M | 0.01% |
146,600
-25,710
| -15% | -$1.52M |
|
|
CYBX
1081
DELISTED
CYBERONICS INC
CYBX
| $8.14M | 0.01% |
142,028
+3,100
| +2% | +$162K |
|
1082
iShares MSCI All Country Asia ex Japan ETF
AAXJ
$3.74B
| $8.13M | 0.01% |
127,904
| – | – |
|
|
DNR
1083
DELISTED
Denbury Resources, Inc.
DNR
| $8.13M | 0.01% |
1,138,198
+71,500
| +7% | +$742K |
|
1084
CubeSmart
CUBE
$9.23B
| $8.09M | 0.01% |
320,012
+31,600
| +11% | +$656K |
|
|
DFT
1085
DELISTED
DuPont Fabros Technology Inc.
DFT
| $8.08M | 0.01% |
213,967
+8,700
| +4% | +$270K |
|
1086
Grand Canyon Education
LOPE
$3.82B
| $8.08M | 0.01% |
181,397
-37,939
| -17% | -$1.69M |
|
1087
HNI Corp
HNI
$3.54B
| $8.08M | 0.01% |
161,500
+13,100
| +9% | +$591K |
|
|
AIRM
1088
DELISTED
Air Methods Corp
AIRM
| $8.08M | 0.01% |
187,800
-8,900
| -5% | -$417K |
|
|
N
1089
DELISTED
Netsuite Inc
N
| $8.07M | 0.01% |
76,170
+39,565
| +108% | +$4.04M |
|
|
SGI
1090
Somnigroup International
SGI
$13.6B
| $8.06M | 0.01% |
588,400
+16,000
| +3% | +$218K |
|
1091
Cedar Fair
FUN
$1.62B
| $8.05M | 0.01% |
150,700
| – | – |
|
|
GEVA
1092
DELISTED
SYNAGEVA BIOPHARMA CORP COM STK (DE)
GEVA
| $8.03M | 0.01% |
67,000
| – | – |
|
1093
Prosperity Bancshares
PB
$8.81B
| $7.98M | 0.01% |
169,016
+6,700
| +4% | +$380K |
|
1094
Workday
WDAY
$45.5B
| $7.97M | 0.01% |
98,900
-55,321
| -36% | -$4.78M |
|
|
SVU
1095
DELISTED
SUPERVALU Inc.
SVU
| $7.96M | 0.01% |
110,271
-22,972
| -17% | -$1.43M |
|
|
NUAN
1096
DELISTED
Nuance Communications, Inc.
NUAN
| $7.95M | 0.01% |
667,128
+11,896
| +2% | +$153K |
|
1097
Pool Corp
POOL
$7.27B
| $7.93M | 0.01% |
122,600
| – | – |
|
|
TIME
1098
DELISTED
Time Inc.
TIME
| $7.91M | 0.01% |
313,885
-2,362
| -0.7% | -$53.4K |
|
|
ACH
1099
Accendra Health
ACH
$107M
| $7.9M | 0.01% |
222,356
+5,400
| +2% | +$182K |
|
1100
MarketAxess Holdings
MKTX
$5.72B
| $7.89M | 0.01% |
106,466
+700
| +0.7% | +$46.1K |
|
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.