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 | |
|---|---|---|---|---|---|---|
|
IBKC
1276
DELISTED
IBERIABANK Corp
IBKC
| $6.09M | 0.01% |
107,610
-17,000
| -14% | -$1.11M |
|
1277
Zurn Elkay Water Solutions
ZWS
$8.47B
| $6.08M | 0.01% |
500,731
| – | – |
|
|
PNRA
1278
DELISTED
Panera Bread Co
PNRA
| $6.08M | 0.01% |
35,500
-46,200
| -57% | -$7.7M |
|
|
KNGT
1279
DELISTED
KNIGHT TRANSPORTATION INC
KNGT
| $6.07M | 0.01% |
186,009
+28,500
| +18% | +$930K |
|
|
MZTI
1280
The Marzetti Company
MZTI
$3.13B
| $6.06M | 0.01% |
64,294
+2,900
| +5% | +$263K |
|
1281
BGC Group
BGC
$4.86B
| $6.06M | 0.01% |
1,139,504
+16,949
| +2% | +$90.9K |
|
|
WP
1282
DELISTED
Worldpay, Inc.
WP
| $6.05M | 0.01% |
173,100
-179,800
| -51% | -$5.82M |
|
1283
ACI Worldwide
ACIW
$5.34B
| $6.03M | 0.01% |
322,900
| – | – |
|
|
PDCE
1284
DELISTED
PDC Energy, Inc.
PDCE
| $6.03M | 0.01% |
128,633
+37,490
| +41% | +$1.51M |
|
|
NM
1285
DELISTED
Navios Maritime Holdings Inc.
NM
| $6.03M | 0.01% |
152,172
+86,580
| +132% | +$4.33M |
|
|
PEI
1286
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $6.01M | 0.01% |
16,026
+107
| +0.7% | +$35.1K |
|
1287
FTI Consulting
FCN
$4.17B
| $6.01M | 0.01% |
149,277
+2,472
| +2% | +$94K |
|
|
CYS
1288
DELISTED
CYS Investments Inc.
CYS
| $6M | 0.01% |
672,400
+43,300
| +7% | +$387K |
|
1289
Insight Enterprises
NSIT
$4.54B
| $5.99M | 0.01% |
244,500
+13,780
| +6% | +$328K |
|
|
SNBR
1290
DELISTED
Sleep Number
SNBR
| $5.98M | 0.01% |
197,680
+16,600
| +9% | +$414K |
|
1291
Hancock Whitney
HWC
$6.23B
| $5.96M | 0.01% |
226,317
-200
| -0.1% | -$6.5K |
|
1292
Sony
SONY
$140B
| $5.95M | 0.01% |
+1,290,755
| New | +$5.09M |
|
|
WAGE
1293
DELISTED
WageWorks, Inc.
WAGE
| $5.93M | 0.01% |
104,800
-23,337
| -18% | -$1.3M |
|
|
EFII
1294
DELISTED
Electronics for Imaging
EFII
| $5.89M | 0.01% |
157,444
+4,095
| +3% | +$179K |
|
1295
Scholastic
SCHL
$807M
| $5.89M | 0.01% |
159,500
-31,907
| -17% | -$1.09M |
|
|
THOR
1296
DELISTED
THORATEC CORPORATION
THOR
| $5.89M | 0.01% |
160,900
| – | – |
|
|
CADE
1297
DELISTED
Cadence Bank
CADE
| $5.88M | 0.01% |
287,478
+16,300
| +6% | +$354K |
|
1298
ONE Gas
OGS
$4.96B
| $5.88M | 0.01% |
128,250
+6,800
| +6% | +$264K |
|
|
KLXI
1299
DELISTED
KLX Inc.
KLXI
| $5.88M | 0.01% |
+181,725
| New | +$6.39M |
|
|
MWIV
1300
DELISTED
MWI VETERINARY SUPPLY, INC.
MWIV
| $5.84M | 0.01% |
30,800
-3,792
| -11% | -$607K |
|
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.