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 | |
|---|---|---|---|---|---|---|
|
RFP
1226
DELISTED
Resolute Forest Products Inc.
RFP
| $6.46M | 0.01% |
388,100
-6,800
| -2% | -$119K |
|
|
MRH
1227
DELISTED
MONTPELIER RE HOLDINGS LTD
MRH
| $6.46M | 0.01% |
181,400
-700
| -0.4% | -$23.4K |
|
1228
EastGroup Properties
EGP
$10.9B
| $6.46M | 0.01% |
96,359
-100
| -0.1% | -$6.52K |
|
1229
Kemper
KMPR
$1.55B
| $6.46M | 0.01% |
177,300
| – | – |
|
1230
Amkor Technology
AMKR
$13.1B
| $6.45M | 0.01% |
958,519
+280,000
| +41% | +$1.94M |
|
1231
Targa Resources
TRGP
$57.1B
| $6.44M | 0.01% |
69,800
+3,300
| +5% | +$382K |
|
1232
Benchmark Electronics
BHE
$2.92B
| $6.42M | 0.01% |
265,572
+3,600
| +1% | +$84.5K |
|
1233
New Oriental
EDU
$9.24B
| $6.4M | 0.01% |
347,100
| – | – |
|
|
ENLK
1234
DELISTED
EnLink Midstream Partners, LP
ENLK
| $6.4M | 0.01% |
218,600
-500
| -0.2% | -$14.4K |
|
|
SLCA
1235
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $6.4M | 0.01% |
238,989
-11,531
| -5% | -$455K |
|
1236
Compass Minerals
CMP
$1.13B
| $6.4M | 0.01% |
71,700
-48,500
| -40% | -$4.16M |
|
|
BOBE
1237
DELISTED
Bob Evans Farms, Inc.
BOBE
| $6.38M | 0.01% |
111,958
+3,925
| +4% | +$197K |
|
|
ESGR
1238
DELISTED
Enstar Group
ESGR
| $6.35M | 0.01% |
45,200
| – | – |
|
1239
Ciena
CIEN
$54.9B
| $6.34M | 0.01% |
327,300
+146,600
| +81% | +$2.45M |
|
|
DENN
1240
DELISTED
Denny's
DENN
| $6.34M | 0.01% |
564,300
+71,600
| +15% | +$635K |
|
|
PMT
1241
PennyMac Mortgage Investment
PMT
$818M
| $6.33M | 0.01% |
279,800
+4,300
| +2% | +$92.6K |
|
1242
Designer Brands
DBI
$334M
| $6.33M | 0.01% |
173,730
+7,596
| +5% | +$248K |
|
|
OPLN
1243
Openlane
OPLN
$4.58B
| $6.33M | 0.01% |
482,958
-223,777
| -32% | -$2.71M |
|
1244
Knowles
KN
$3.27B
| $6.3M | 0.01% |
288,473
+48,330
| +20% | +$1,000K |
|
1245
Dine Brands
DIN
$453M
| $6.28M | 0.01% |
58,084
-2,586
| -4% | -$239K |
|
1246
Curtiss-Wright
CW
$25.6B
| $6.28M | 0.01% |
93,400
-17,040
| -15% | -$1.17M |
|
1247
Adeia
ADEA
$3.07B
| $6.28M | 0.01% |
636,174
+122,850
| +24% | +$1.02M |
|
|
ASNA
1248
DELISTED
Ascena Retail Group, Inc.
ASNA
| $6.28M | 0.01% |
26,063
+3,854
| +17% | +$956K |
|
1249
Acadia Pharmaceuticals
ACAD
$5.06B
| $6.27M | 0.01% |
197,923
+22,775
| +13% | +$646K |
|
1250
Tetra Tech
TTEK
$8.97B
| $6.27M | 0.01% |
1,285,905
+75,000
| +6% | +$392K |
|
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.