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 |
Apollo Global Management
APO
|
+$733M |
| 2 |
Verizon
VZ
|
+$194M |
| 3 |
EOG Resources
EOG
|
+$189M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$55.3M |
| 5 |
Perrigo
PRGO
|
+$48.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$52.7M |
| 2 |
LIFE
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
|
+$35.3M |
| 3 |
Vodafone
VOD
|
+$33.7M |
| 4 |
Voya Financial
VOYA
|
+$30.5M |
| 5 |
Walmart Inc
WMT
|
+$26.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.28% |
| 2 | Technology | 13.7% |
| 3 | Healthcare | 12.53% |
| 4 | Industrials | 11.17% |
| 5 | Energy | 9.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
IRF
1301
DELISTED
INTL RECTIFIER CORP
IRF
| $5.88M | 0.01% |
220,630
+46,290
| +27% | +$1.23M |
|
1302
CNA Financial
CNA
$13.9B
| $5.88M | 0.01% |
138,569
-4,500
| -3% | -$187K |
|
|
OVTI
1303
DELISTED
OMNIVISION TECHNOLOGIES INC
OVTI
| $5.88M | 0.01% |
315,715
+43,270
| +16% | +$703K |
|
1304
MarketAxess Holdings
MKTX
$5.72B
| $5.87M | 0.01% |
107,766
-3,900
| -3% | -$241K |
|
|
IOC
1305
DELISTED
Interoil Corporation
IOC
| $5.87M | 0.01% |
89,500
| – | – |
|
|
JNS
1306
DELISTED
Janus Capital Group Inc
JNS
| $5.85M | 0.01% |
555,939
-7,466
| -1% | -$84.3K |
|
1307
Silicon Laboratories
SLAB
$7.2B
| $5.84M | 0.01% |
112,800
-22,145
| -16% | -$1.07M |
|
1308
Oxford Industries
OXM
$556M
| $5.83M | 0.01% |
79,294
-5,996
| -7% | -$463K |
|
1309
Valley National Bancorp
VLY
$8.1B
| $5.82M | 0.01% |
552,891
-13,000
| -2% | -$130K |
|
|
CBD
1310
DELISTED
Companhia Brasileira de Distribuicao
CBD
| $5.81M | 0.01% |
119,300
-7,400
| -6% | -$303K |
|
|
MGLN
1311
DELISTED
Magellan Health Services, Inc.
MGLN
| $5.79M | 0.01% |
101,898
-3,000
| -3% | -$179K |
|
|
SAPE
1312
DELISTED
SAPIENT CORP
SAPE
| $5.78M | 0.01% |
339,400
+2,500
| +0.7% | +$41.9K |
|
|
DF
1313
DELISTED
Dean Foods Company
DF
| $5.78M | 0.01% |
368,545
+28,200
| +8% | +$439K |
|
|
NSR
1314
DELISTED
Neustar Inc
NSR
| $5.76M | 0.01% |
199,727
+17,331
| +10% | +$669K |
|
|
SFUN
1315
DELISTED
Fang Holdings Limited American Depositary Shares (each representing ten Class A Ordinary Shares)
SFUN
| $5.75M | 0.01% |
41,443
+31,637
| +323% | +$25.8M |
|
1316
Canadian Solar
CSIQ
$1.06B
| $5.74M | 0.01% |
200,130
+830
| +0.4% | +$31.2K |
|
|
HR
1317
DELISTED
Healthcare Realty Trust Incorporated
HR
| $5.74M | 0.01% |
234,019
+54,800
| +31% | +$1.26M |
|
|
DCT
1318
DELISTED
DCT Industrial Trust Inc.
DCT
| $5.74M | 0.01% |
185,931
+12,650
| +7% | +$380K |
|
|
CTRX
1319
DELISTED
CATAMARAN CORP COM STK (CDA)
CTRX
| $5.74M | 0.01% |
138,996
+29,620
| +27% | +$1.42M |
|
|
FINL
1320
DELISTED
Finish Line
FINL
| $5.73M | 0.01% |
211,327
-3,175
| -1% | -$84.4K |
|
|
FNGN
1321
DELISTED
Financial Engines, Inc.
FNGN
| $5.72M | 0.01% |
121,482
-4,920
| -4% | -$296K |
|
|
ITG
1322
DELISTED
Investment Technology Group Inc
ITG
| $5.71M | 0.01% |
287,349
-36,400
| -11% | -$657K |
|
1323
Veeco
VECO
$3.02B
| $5.69M | 0.01% |
133,690
+12,690
| +10% | +$490K |
|
1324
Caesarstone
CSTE
$88.2M
| $5.67M | 0.01% |
106,900
-51,200
| -32% | -$2.7M |
|
|
OPLN
1325
Openlane
OPLN
$4.58B
| $5.65M | 0.01% |
514,397
+162,747
| +46% | +$1.82M |
|
Similar funds
California Public Employees Retirement System's Q1 2014 Portfolio in Review
As of Q1 2014, California Public Employees Retirement System held 4,098 positions worth $70B, up 1.4% from $69B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
California Public Employees Retirement System's Q1 2014 filing shows 121 new, 1,404 increased, 1,294 reduced and 336 closed positions. Its largest new stake was Perrigo: 310,076 shares worth $46M. The largest sale was State Street SPDR S&P Emerging Markets Small Cap ETF, an estimated $52.7M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 16% a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System's largest Q1 2014 buy was Perrigo: 310,076 shares worth $46M.
- California Public Employees Retirement System added most to Apollo Global Management in Q1 2014, an estimated $733M increase.
- California Public Employees Retirement System's biggest Q1 2014 reduction was State Street SPDR S&P Emerging Markets Small Cap ETF, cutting an estimated $52.7M.
- California Public Employees Retirement System fully exited LIFE TECHNOLOGIES CORP COM STK (DE) in Q1 2014, selling an estimated $35.3M.
- California Public Employees Retirement System's ten largest holdings make up 13% of its $70B portfolio in Q1 2014.
- California Public Employees Retirement System opened 121 new positions and closed 336 in Q1 2014.
- California Public Employees Retirement System's portfolio value rose 1.4% quarter-over-quarter to $70B.
Based on California Public Employees Retirement System's 13F filing for Q1 2014, filed 18 Apr 2014.