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 | |
|---|---|---|---|---|---|---|
|
CYS
1351
DELISTED
CYS Investments Inc.
CYS
| $5.4M | 0.01% |
627,300
+95,500
| +18% | +$790K |
|
|
BECN
1352
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $5.4M | 0.01% |
147,980
+6,600
| +5% | +$255K |
|
|
MAGN
1353
Magnera Corp
MAGN
$466M
| $5.38M | 0.01% |
15,541
-1,520
| -9% | -$575K |
|
|
MDCO
1354
DELISTED
Medicines Co
MDCO
| $5.38M | 0.01% |
215,100
+1,200
| +0.6% | +$39.7K |
|
1355
La-Z-Boy
LZB
$1.66B
| $5.37M | 0.01% |
208,700
+6,000
| +3% | +$164K |
|
1356
Murphy USA
MUSA
$10.2B
| $5.37M | 0.01% |
131,849
-2,500
| -2% | -$101K |
|
|
RAVN
1357
DELISTED
Raven Industries Inc
RAVN
| $5.36M | 0.01% |
163,790
-33,600
| -17% | -$1.22M |
|
|
PVA
1358
DELISTED
PENN VIRGINIA CORP
PVA
| $5.34M | 0.01% |
323,989
-528,400
| -62% | -$7.05M |
|
|
DWRE
1359
DELISTED
DEMANDWARE INC COM STK (DE)
DWRE
| $5.34M | 0.01% |
100,996
-4,422
| -4% | -$308K |
|
|
ADVS
1360
DELISTED
Advent Software Inc
ADVS
| $5.33M | 0.01% |
190,500
+2,600
| +1% | +$82.9K |
|
|
LFC
1361
DELISTED
China Life Insurance Company Ltd.
LFC
| $5.32M | 0.01% |
367,197
| – | – |
|
|
AJRD
1362
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $5.3M | 0.01% |
306,025
+7,835
| +3% | +$143K |
|
|
TTM
1363
DELISTED
Tata Motors Limited
TTM
| $5.3M | 0.01% |
144,073
+141,100
| +4,746% | +$4.46M |
|
1364
Brady Corp
BRC
$4.54B
| $5.3M | 0.01% |
202,633
+5,033
| +3% | +$141K |
|
1365
Pricesmart
PSMT
$5.21B
| $5.29M | 0.01% |
52,400
-264
| -0.5% | -$26.5K |
|
|
GES
1366
DELISTED
Guess Inc
GES
| $5.28M | 0.01% |
189,634
-12,700
| -6% | -$369K |
|
|
BERY
1367
DELISTED
Berry Global Group, Inc.
BERY
| $5.28M | 0.01% |
253,737
+227,056
| +851% | +$4.86M |
|
|
APL
1368
DELISTED
ATLAS PIPELINE PARTNERS LP UTS
APL
| $5.27M | 0.01% |
161,800
+12,200
| +8% | +$394K |
|
|
NUAN
1369
DELISTED
Nuance Communications, Inc.
NUAN
| $5.27M | 0.01% |
372,132
-1,885
| -0.5% | -$25.3K |
|
1370
Pilgrim's Pride
PPC
$6.31B
| $5.26M | 0.01% |
259,500
-155,600
| -37% | -$2.68M |
|
1371
AllianceBernstein
AB
$3.45B
| $5.25M | 0.01% |
209,100
+2,100
| +1% | +$49.2K |
|
|
WAGE
1372
DELISTED
WageWorks, Inc.
WAGE
| $5.25M | 0.01% |
104,999
+58,832
| +127% | +$3.55M |
|
1373
Sprouts Farmers Market
SFM
$7.96B
| $5.24M | 0.01% |
143,400
| – | – |
|
|
TRAK
1374
DELISTED
DEALERTRACK TECHNOLOGIES, INC. COM STK
TRAK
| $5.24M | 0.01% |
114,155
+17,500
| +18% | +$878K |
|
1375
FNB Corp
FNB
$6.75B
| $5.23M | 0.01% |
397,448
+12,841
| +3% | +$160K |
|
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.