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 | |
|---|---|---|---|---|---|---|
1301
Mueller Industries
MLI
$15.2B
| $5.81M | 0.01% |
720,400
-135,080
| -16% | -$1.07M |
|
|
BITA
1302
DELISTED
Bitauto Holdings Limited
BITA
| $5.8M | 0.01% |
94,290
+41,200
| +78% | +$3.16M |
|
1303
Old National Bancorp
ONB
$10.1B
| $5.79M | 0.01% |
421,460
-700
| -0.2% | -$9.81K |
|
|
SINA
1304
DELISTED
Sina Corp
SINA
| $5.79M | 0.01% |
156,600
| – | – |
|
1305
Applied Industrial Technologies
AIT
$13.2B
| $5.77M | 0.01% |
141,200
+1,400
| +1% | +$65.4K |
|
1306
AllianceBernstein
AB
$3.45B
| $5.77M | 0.01% |
223,500
+5,800
| +3% | +$149K |
|
1307
Louisiana-Pacific
LPX
$5.2B
| $5.75M | 0.01% |
365,200
+8,400
| +2% | +$126K |
|
|
ABAX
1308
DELISTED
Abaxis Inc
ABAX
| $5.75M | 0.01% |
94,962
-20,489
| -18% | -$1.1M |
|
|
HPY
1309
DELISTED
HEARTLAND PAYMENT SYSTEMS, INC. COM STK
HPY
| $5.74M | 0.01% |
110,000
+6,600
| +6% | +$347K |
|
1310
CVR Energy
CVI
$3.26B
| $5.74M | 0.01% |
151,100
+55,100
| +57% | +$2.43M |
|
1311
Alliance Resource Partners
ARLP
$3.19B
| $5.73M | 0.01% |
142,300
+11,500
| +9% | +$511K |
|
1312
Huron Consulting
HURN
$2.42B
| $5.73M | 0.01% |
75,549
-12,030
| -14% | -$804K |
|
1313
Burlington
BURL
$23.4B
| $5.72M | 0.01% |
110,972
+26,972
| +32% | +$1.15M |
|
|
AXON
1314
Axon Enterprise
AXON
$48.4B
| $5.72M | 0.01% |
206,685
+27,885
| +16% | +$550K |
|
1315
Enviri
NVRI
$615M
| $5.72M | 0.01% |
374,853
+20,400
| +6% | +$397K |
|
|
SPWR
1316
DELISTED
SunPower Corporation Common Stock
SPWR
| $5.72M | 0.01% |
344,033
-19,147
| -5% | -$355K |
|
|
CEB
1317
DELISTED
CEB Inc.
CEB
| $5.72M | 0.01% |
81,200
-2,000
| -2% | -$137K |
|
|
SUNE
1318
DELISTED
SUNEDISON, INC COM
SUNE
| $5.71M | 0.01% |
288,200
-23,777
| -8% | -$452K |
|
|
SCTY
1319
DELISTED
SolarCity Corporation
SCTY
| $5.71M | 0.01% |
114,077
+365
| +0.3% | +$19.6K |
|
1320
Archrock
AROC
$5.81B
| $5.71M | 0.01% |
201,993
+33,763
| +20% | +$1.21M |
|
1321
Iridium Communications
IRDM
$5.23B
| $5.71M | 0.01% |
628,276
+9,360
| +2% | +$87.6K |
|
|
UMPQ
1322
DELISTED
Umpqua Holdings Corp
UMPQ
| $5.69M | 0.01% |
356,726
-12,300
| -3% | -$208K |
|
|
ELME
1323
Elme Communities
ELME
$144M
| $5.66M | 0.01% |
189,695
+100
| +0.1% | +$2.72K |
|
|
AVNS
1324
DELISTED
Avanos Medical
AVNS
| $5.66M | 0.01% |
+123,017
| New | +$4.83M |
|
1325
Evercore
EVR
$11.5B
| $5.63M | 0.01% |
112,563
+522
| +0.5% | +$26.1K |
|
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.