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 | |
|---|---|---|---|---|---|---|
|
PPS
1276
DELISTED
Post Properties
PPS
| $6.1M | 0.01% |
133,896
+2,632
| +2% | +$118K |
|
1277
Saic
SAIC
$5.3B
| $6.08M | 0.01% |
+189,513
| New | +$6.59M |
|
|
NAV
1278
DELISTED
Navistar International
NAV
| $6.08M | 0.01% |
161,800
-108,550
| -40% | -$4.15M |
|
|
FINL
1279
DELISTED
Finish Line
FINL
| $6.07M | 0.01% |
214,502
+6,851
| +3% | +$175K |
|
1280
First Citizens BancShares
FCNCA
$25.2B
| $6.07M | 0.01% |
27,214
+8,210
| +43% | +$1.77M |
|
1281
Cleveland-Cliffs
CLF
$7.13B
| $6.05M | 0.01% |
242,042
-185,258
| -43% | -$4.57M |
|
1282
Celldex Therapeutics
CLDX
$3.37B
| $6.02M | 0.01% |
16,704
+1,556
| +10% | +$599K |
|
1283
Highwoods Properties
HIW
$3.41B
| $6.02M | 0.01% |
166,296
-3,039
| -2% | -$111K |
|
1284
Equity Lifestyle Properties
ELS
$12.5B
| $6.01M | 0.01% |
334,652
+7,912
| +2% | +$143K |
|
|
GOV
1285
DELISTED
Government Properties Income Trust
GOV
| $6.01M | 0.01% |
241,719
+73,340
| +44% | +$1.81M |
|
|
FMBI
1286
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $6.01M | 0.01% |
337,660
+47,747
| +16% | +$807K |
|
1287
BGC Group
BGC
$4.86B
| $5.98M | 0.01% |
1,534,163
+178,718
| +13% | +$650K |
|
1288
Perdoceo Education
PRDO
$1.97B
| $5.98M | 0.01% |
1,043,158
+33,962
| +3% | +$151K |
|
|
HIBB
1289
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $5.97M | 0.01% |
88,710
+6,540
| +8% | +$399K |
|
1290
Selective Insurance
SIGI
$5.66B
| $5.96M | 0.01% |
218,649
+26,541
| +14% | +$697K |
|
|
ARGO
1291
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $5.93M | 0.01% |
176,240
-222
| -0.1% | -$7.08K |
|
|
ESND
1292
DELISTED
Essendant Inc.
ESND
| $5.93M | 0.01% |
130,300
-6,464
| -5% | -$284K |
|
1293
Tetra Tech
TTEK
$8.97B
| $5.93M | 0.01% |
1,064,550
+234,855
| +28% | +$1.27M |
|
|
PAY
1294
DELISTED
Verifone Systems Inc
PAY
| $5.93M | 0.01% |
242,000
-4,682
| -2% | -$112K |
|
|
TWO
1295
Two Harbors Investment
TWO
$1.26B
| $5.92M | 0.01% |
79,888
-325
| -0.4% | -$24.4K |
|
1296
Compass Minerals
CMP
$1.13B
| $5.91M | 0.01% |
73,400
-1,349
| -2% | -$101K |
|
1297
Avista
AVA
$3.2B
| $5.9M | 0.01% |
210,180
+9,613
| +5% | +$264K |
|
|
SAPE
1298
DELISTED
SAPIENT CORP
SAPE
| $5.9M | 0.01% |
336,900
-2,418
| -0.7% | -$38.4K |
|
|
WAC
1299
DELISTED
Walter Investment Mgt Corp
WAC
| $5.9M | 0.01% |
165,012
+902
| +0.5% | +$34K |
|
1300
Canadian Solar
CSIQ
$1.06B
| $5.9M | 0.01% |
199,300
-24,900
| -11% | -$658K |
|
Similar funds
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.