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 | |
|---|---|---|---|---|---|---|
|
SPLK
1151
DELISTED
Splunk Inc
SPLK
| $7.25M | 0.01% |
130,600
+565
| +0.4% | +$34.7K |
|
1152
Pebblebrook Hotel Trust
PEB
$2B
| $7.24M | 0.01% |
148,176
+12,900
| +10% | +$541K |
|
|
HI
1153
DELISTED
Hillenbrand
HI
| $7.24M | 0.01% |
224,225
-1,600
| -0.7% | -$52.1K |
|
|
LFC
1154
DELISTED
China Life Insurance Company Ltd.
LFC
| $7.23M | 0.01% |
350,910
+46,401
| +15% | +$731K |
|
|
FCS
1155
DELISTED
FAIRCHILD SEMICONDUCTOR INTL INC COMMON
FCS
| $7.22M | 0.01% |
447,181
-10,760
| -2% | -$168K |
|
|
PVTB
1156
DELISTED
PrivateBancorp Inc
PVTB
| $7.22M | 0.01% |
227,100
-10,900
| -5% | -$341K |
|
|
AZPN
1157
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $7.22M | 0.01% |
221,303
-97,095
| -30% | -$3.17M |
|
|
MENT
1158
DELISTED
Mentor Graphics Corp
MENT
| $7.21M | 0.01% |
315,200
+4,100
| +1% | +$86.5K |
|
|
DF
1159
DELISTED
Dean Foods Company
DF
| $7.21M | 0.01% |
379,645
-24,300
| -6% | -$387K |
|
1160
Allegiant Air
ALGT
$2.41B
| $7.21M | 0.01% |
39,497
+4,150
| +12% | +$544K |
|
|
POLY
1161
DELISTED
Plantronics, Inc.
POLY
| $7.2M | 0.01% |
153,081
-36,225
| -19% | -$1.82M |
|
1162
Euronet Worldwide
EEFT
$2.65B
| $7.19M | 0.01% |
143,200
-20,335
| -12% | -$1.08M |
|
|
CRZO
1163
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $7.18M | 0.01% |
160,602
-12,660
| -7% | -$569K |
|
|
TWO
1164
Two Harbors Investment
TWO
$1.26B
| $7.17M | 0.01% |
86,638
+5,588
| +7% | +$454K |
|
|
ADVS
1165
DELISTED
Advent Software Inc
ADVS
| $7.16M | 0.01% |
188,900
| – | – |
|
1166
Televisa
TV
$1.52B
| $7.16M | 0.01% |
211,021
-78,367
| -27% | -$2.72M |
|
|
ECHO
1167
EchoStar
ECHO
$25.9B
| $7.14M | 0.01% |
167,947
| – | – |
|
1168
MGIC Investment
MTG
$6.21B
| $7.12M | 0.01% |
804,900
| – | – |
|
|
ISIL
1169
DELISTED
Intersil Corp
ISIL
| $7.12M | 0.01% |
501,250
-11,000
| -2% | -$146K |
|
|
PGRE
1170
DELISTED
Paramount Group
PGRE
| $7.12M | 0.01% |
+363,800
| New | +$6.7M |
|
1171
Heartland Express
HTLD
$911M
| $7.08M | 0.01% |
259,628
+700
| +0.3% | +$17.7K |
|
1172
LPL Financial
LPLA
$29.3B
| $7.08M | 0.01% |
167,400
-58,100
| -26% | -$2.5M |
|
|
WNR
1173
DELISTED
Western Refining Inc
WNR
| $7.06M | 0.01% |
194,442
+7,682
| +4% | +$318K |
|
1174
Cimpress
CMPR
$2.29B
| $7.06M | 0.01% |
94,500
+6,500
| +7% | +$422K |
|
1175
Cabot Corp
CBT
$4.46B
| $7.02M | 0.01% |
170,344
-41,710
| -20% | -$1.88M |
|
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.