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 |
Apple
AAPL
|
+$191M |
| 2 |
ExxonMobil
XOM
|
+$166M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$143M |
| 4 |
Microsoft
MSFT
|
+$139M |
| 5 |
Wells Fargo
WFC
|
+$123M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DELL
DELL INC
DELL
|
+$68M |
| 2 |
Melco Resorts & Entertainment
MLCO
|
+$45.3M |
| 3 |
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$32.5M |
| 4 |
NYX
NYSE EURONEXT INC
NYX
|
+$31.4M |
| 5 |
Perrigo
PRGO
|
+$28.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.93% |
| 2 | Technology | 13.51% |
| 3 | Healthcare | 12.03% |
| 4 | Industrials | 11.52% |
| 5 | Energy | 9.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
GHL
1201
DELISTED
Greenhill & Co., Inc.
GHL
| $6.72M | 0.01% |
115,100
+4,868
| +4% | +$255K |
|
|
POWR
1202
DELISTED
POWERSECURE INTL INC COM STK (DE)
POWR
| $6.72M | 0.01% |
383,261
+17,361
| +5% | +$298K |
|
|
CWEI
1203
DELISTED
Clayton Williams Energy, Inc.
CWEI
| $6.71M | 0.01% |
80,600
-287
| -0.4% | -$21.2K |
|
|
WNR
1204
DELISTED
Western Refining Inc
WNR
| $6.71M | 0.01% |
162,700
-2,521
| -2% | -$90.5K |
|
|
CEB
1205
DELISTED
CEB Inc.
CEB
| $6.7M | 0.01% |
86,500
-4,817
| -5% | -$354K |
|
|
ECHO
1206
EchoStar
ECHO
$25.9B
| $6.7M | 0.01% |
167,084
+25,297
| +18% | +$989K |
|
|
LSI
1207
DELISTED
Life Storage, Inc.
LSI
| $6.7M | 0.01% |
154,142
+23,871
| +18% | +$1.13M |
|
1208
Post Holdings
POST
$3.45B
| $6.69M | 0.01% |
207,953
+45,783
| +28% | +$1.35M |
|
|
APU
1209
DELISTED
AmeriGas Partners, L.P.
APU
| $6.68M | 0.01% |
150,900
+2,600
| +2% | +$113K |
|
1210
Diamondrock Hospitality Co
DRH
$2.48B
| $6.64M | 0.01% |
568,078
+25,209
| +5% | +$286K |
|
1211
DXP Enterprises
DXPE
$2.99B
| $6.64M | 0.01% |
58,500
+4,240
| +8% | +$398K |
|
|
WX
1212
DELISTED
WUXI PHARMATECH, CAYMAN INC REPSTG 8 ORD SHS
WX
| $6.64M | 0.01% |
176,300
+9,300
| +6% | +$294K |
|
1213
Monolithic Power Systems
MPWR
$67.9B
| $6.63M | 0.01% |
195,732
+42,660
| +28% | +$1.36M |
|
|
ITG
1214
DELISTED
Investment Technology Group Inc
ITG
| $6.63M | 0.01% |
323,749
+32,678
| +11% | +$590K |
|
|
MPT
1215
Medical Properties Trust
MPT
$2.48B
| $6.62M | 0.01% |
529,138
+14,039
| +3% | +$179K |
|
|
GTI
1216
DELISTED
GRAFTECH INTERNATIONAL LTD
GTI
| $6.6M | 0.01% |
574,759
+6,256
| +1% | +$63.9K |
|
|
HTSI
1217
DELISTED
HARRIS TEETER SUPERMARKETS INC COM STK (NC)
HTSI
| $6.6M | 0.01% |
133,785
+2,597
| +2% | +$128K |
|
|
SCS
1218
DELISTED
Steelcase
SCS
| $6.59M | 0.01% |
411,867
+60,748
| +17% | +$967K |
|
1219
Archrock
AROC
$5.81B
| $6.58M | 0.01% |
194,400
-10,321
| -5% | -$318K |
|
|
HSNI
1220
DELISTED
HSN, Inc.
HSNI
| $6.58M | 0.01% |
105,323
+11,500
| +12% | +$650K |
|
|
ADVS
1221
DELISTED
Advent Software Inc
ADVS
| $6.57M | 0.01% |
187,900
+2,020
| +1% | +$68.2K |
|
|
CIM
1222
Chimera Investment
CIM
$980M
| $6.56M | 0.01% |
138,053
-1,125
| -0.8% | -$51.2K |
|
|
BWP
1223
DELISTED
Boardwalk Pipeline Partners
BWP
| $6.56M | 0.01% |
257,700
+3,200
| +1% | +$89.3K |
|
|
PRA
1224
DELISTED
ProAssurance
PRA
| $6.55M | 0.01% |
135,878
+4,784
| +4% | +$223K |
|
1225
Under Armour
UAA
$2.5B
| $6.54M | 0.01% |
302,400
-441,816
| -59% | -$9.05M |
|
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California Public Employees Retirement System's Q4 2013 Portfolio in Review
As of Q4 2013, California Public Employees Retirement System held 4,184 positions worth $69B, up 28% from $54B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
California Public Employees Retirement System deployed $9.68B of net new capital in Q4 2013, opening 203 new positions and adding to 1,884 existing holdings. Its largest new stake was Vodafone: 1,609,157 shares worth $64.1M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 15% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Melco Resorts & Entertainment, an estimated $45.3M trimmed.
- California Public Employees Retirement System's largest Q4 2013 buy was Vodafone: 1,609,157 shares worth $64.1M.
- California Public Employees Retirement System added most to Apple in Q4 2013, an estimated $191M increase.
- California Public Employees Retirement System's biggest Q4 2013 reduction was Melco Resorts & Entertainment, cutting an estimated $45.3M.
- California Public Employees Retirement System fully exited DELL INC in Q4 2013, selling an estimated $68M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $69B portfolio in Q4 2013.
- California Public Employees Retirement System opened 203 new positions and closed 206 in Q4 2013.
- California Public Employees Retirement System's portfolio value rose 28% quarter-over-quarter to $69B.
Based on California Public Employees Retirement System's 13F filing for Q4 2013, filed 11 Feb 2014.