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 | |
|---|---|---|---|---|---|---|
1126
Armstrong World Industries
AWI
$7.75B
| $7.51M | 0.01% |
144,500
-41,300
| -22% | -$2.35M |
|
1127
LiveRamp
RAMP
$2.3B
| $7.51M | 0.01% |
239,450
+1,331
| +0.6% | +$47.9K |
|
|
TWTR
1128
DELISTED
Twitter, Inc.
TWTR
| $7.5M | 0.01% |
179,500
-31,900
| -15% | -$1.81M |
|
|
MSCC
1129
DELISTED
Microsemi Corp
MSCC
| $7.5M | 0.01% |
299,189
+9,719
| +3% | +$234K |
|
|
ASNA
1130
DELISTED
Ascena Retail Group, Inc.
ASNA
| $7.5M | 0.01% |
22,044
+123
| +0.6% | +$46.8K |
|
1131
H.B. Fuller
FUL
$3.29B
| $7.49M | 0.01% |
158,600
-9,500
| -6% | -$459K |
|
1132
Alnylam Pharmaceuticals
ALNY
$29B
| $7.49M | 0.01% |
119,911
+32,531
| +37% | +$2.52M |
|
|
CST
1133
DELISTED
CST Brands, Inc.
CST
| $7.47M | 0.01% |
242,122
-394
| -0.2% | -$12.5K |
|
1134
Black Hills Corp
BKH
$5.62B
| $7.47M | 0.01% |
130,003
+6,750
| +5% | +$372K |
|
1135
Viasat
VSAT
$11.7B
| $7.45M | 0.01% |
114,715
+2,510
| +2% | +$163K |
|
1136
Abercrombie & Fitch
ANF
$5.27B
| $7.43M | 0.01% |
200,100
-29,670
| -13% | -$1.08M |
|
1137
Diamondrock Hospitality Co
DRH
$2.48B
| $7.42M | 0.01% |
618,778
+50,700
| +9% | +$605K |
|
1138
CONMED
CNMD
$1.48B
| $7.41M | 0.01% |
171,398
-14,500
| -8% | -$646K |
|
1139
Monolithic Power Systems
MPWR
$67.9B
| $7.41M | 0.01% |
199,419
+3,687
| +2% | +$130K |
|
|
OPEN
1140
DELISTED
OPENTABLE,INC COMMON STOCK
OPEN
| $7.4M | 0.01% |
97,031
-10,700
| -10% | -$843K |
|
1141
Community Health Systems
CYH
$415M
| $7.38M | 0.01% |
236,724
-249,184
| -51% | -$8.23M |
|
|
CNQR
1142
DELISTED
CONCUR TECHNOLOGIES INC
CNQR
| $7.38M | 0.01% |
80,121
+31,776
| +66% | +$3.59M |
|
1143
Spire
SR
$4.79B
| $7.37M | 0.01% |
160,272
-6,700
| -4% | -$304K |
|
|
HI
1144
DELISTED
Hillenbrand
HI
| $7.36M | 0.01% |
233,393
-15,529
| -6% | -$459K |
|
|
CRAY
1145
DELISTED
Cray, Inc.
CRAY
| $7.35M | 0.01% |
218,221
+23,201
| +12% | +$784K |
|
1146
FerroAtlántica
GSM
$865M
| $7.3M | 0.01% |
355,400
-4,600
| -1% | -$87.3K |
|
1147
Ryman Hospitality Properties
RHP
$7.57B
| $7.29M | 0.01% |
164,749
+18,700
| +13% | +$793K |
|
1148
Shutterstock
SSTK
$217M
| $7.29M | 0.01% |
102,469
+84,151
| +459% | +$7.11M |
|
1149
Texas Capital Bancshares
TCBI
$4.32B
| $7.26M | 0.01% |
117,019
+16,379
| +16% | +$1.01M |
|
|
CKH
1150
DELISTED
Seacor Holdings Inc.
CKH
| $7.26M | 0.01% |
88,426
-7,031
| -7% | -$586K |
|
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.