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 | |
|---|---|---|---|---|---|---|
|
UIL
1251
DELISTED
UIL HOLDINGS
UIL
| $6.26M | 0.01% |
132,314
+3,900
| +3% | +$159K |
|
|
KATE
1252
DELISTED
Kate Spade & Company
KATE
| $6.26M | 0.01% |
214,000
-15,235
| -7% | -$435K |
|
1253
American Homes 4 Rent
AMH
$12.3B
| $6.24M | 0.01% |
371,200
+359,800
| +3,156% | +$6.15M |
|
|
CRAY
1254
DELISTED
Cray, Inc.
CRAY
| $6.24M | 0.01% |
188,485
-16,456
| -8% | -$523K |
|
1255
Skywest
SKYW
$4.18B
| $6.24M | 0.01% |
461,709
+50,368
| +12% | +$542K |
|
|
PMCS
1256
DELISTED
P M C SIERRA INC
PMCS
| $6.22M | 0.01% |
714,691
+84,500
| +13% | +$669K |
|
1257
H.B. Fuller
FUL
$3.29B
| $6.21M | 0.01% |
150,900
| – | – |
|
1258
Morningstar
MORN
$7.54B
| $6.21M | 0.01% |
93,368
+30,700
| +49% | +$2.03M |
|
|
PSB
1259
DELISTED
PS Business Parks, Inc.
PSB
| $6.21M | 0.01% |
70,620
-7,269
| -9% | -$585K |
|
|
HCR
1260
DELISTED
Hi-Crush Inc. Common Stock
HCR
| $6.21M | 0.01% |
177,200
+70,100
| +65% | +$2.92M |
|
|
CSG
1261
DELISTED
CHAMBERS STR PPTYS COM
CSG
| $6.21M | 0.01% |
720,700
+610,100
| +552% | +$4.88M |
|
1262
Crane NXT
CXT
$2.96B
| $6.19M | 0.01% |
302,871
-347,495
| -53% | -$7.2M |
|
1263
Valley National Bancorp
VLY
$8.1B
| $6.18M | 0.01% |
662,678
+80,387
| +14% | +$779K |
|
1264
Advanced Micro Devices
AMD
$767B
| $6.18M | 0.01% |
2,289,624
+1,128,300
| +97% | +$3.1M |
|
1265
Asbury Automotive
ABG
$3.78B
| $6.17M | 0.01% |
80,700
-700
| -0.9% | -$50.2K |
|
|
AMED
1266
DELISTED
Amedisys
AMED
| $6.17M | 0.01% |
212,600
+13,400
| +7% | +$331K |
|
|
AYR
1267
DELISTED
Aircastle Ltd
AYR
| $6.16M | 0.01% |
292,483
+13,800
| +5% | +$268K |
|
1268
Werner Enterprises
WERN
$2.2B
| $6.16M | 0.01% |
200,267
+69,205
| +53% | +$1.95M |
|
1269
Unisys
UIS
$211M
| $6.14M | 0.01% |
232,200
+40,000
| +21% | +$1.01M |
|
1270
Watts Water Technologies
WTS
$12.8B
| $6.13M | 0.01% |
102,603
+200
| +0.2% | +$12.2K |
|
|
SDLP
1271
DELISTED
SEADRILL PARTNERS LLC
SDLP
| $6.13M | 0.01% |
43,010
+28,260
| +192% | +$6.33M |
|
|
MDCO
1272
DELISTED
Medicines Co
MDCO
| $6.13M | 0.01% |
213,500
| – | – |
|
|
LCI
1273
DELISTED
Lannett Company, Inc.
LCI
| $6.12M | 0.01% |
30,375
+1,263
| +4% | +$234K |
|
1274
Advanced Drainage Systems
WMS
$10.7B
| $6.11M | 0.01% |
245,000
| – | – |
|
1275
Neogen
NEOG
$2.49B
| $6.09M | 0.01% |
334,533
-59,254
| -15% | -$974K |
|
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.