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 | |
|---|---|---|---|---|---|---|
|
LOCK
1401
DELISTED
LifeLock, Inc.
LOCK
| $5.06M | 0.01% |
314,363
+70,163
| +29% | +$1.11M |
|
1402
AZZ Inc
AZZ
$4.58B
| $5.06M | 0.01% |
102,500
+40,410
| +65% | +$1.83M |
|
1403
Kelly Services Class A
KELYA
$544M
| $5.06M | 0.01% |
198,200
+28,522
| +17% | +$621K |
|
|
MFA
1404
MFA Financial
MFA
$919M
| $5.06M | 0.01% |
173,850
-920
| -0.5% | -$26.9K |
|
1405
Booz Allen Hamilton
BAH
$9.37B
| $5.05M | 0.01% |
267,717
+216,417
| +422% | +$3.96M |
|
1406
Altria Group
MO
$109B
| $5.04M | 0.01% |
131,643
+58,349
| +80% | +$2.15M |
|
1407
Minerals Technologies
MTX
$2.32B
| $5.03M | 0.01% |
83,518
+18,370
| +28% | +$1.04M |
|
|
ABCO
1408
DELISTED
Advisory Board Co
ABCO
| $5.03M | 0.01% |
79,900
+19,278
| +32% | +$1.23M |
|
1409
Evercore
EVR
$11.5B
| $5.02M | 0.01% |
83,029
+32,863
| +66% | +$1.75M |
|
1410
Acadia Pharmaceuticals
ACAD
$5.06B
| $5.02M | 0.01% |
197,250
+39,650
| +25% | +$935K |
|
|
CTWS
1411
DELISTED
Connecticut Water Service Inc
CTWS
| $5.02M | 0.01% |
142,300
-400
| -0.3% | -$13.2K |
|
|
RJET
1412
DELISTED
REPUBLIC AWYS HLDGS INC
RJET
| $5M | 0.01% |
481,500
-28,762
| -6% | -$312K |
|
1413
BOK Financial
BOKF
$8.7B
| $4.99M | 0.01% |
75,866
+4,340
| +6% | +$274K |
|
1414
Morningstar
MORN
$7.54B
| $4.99M | 0.01% |
62,568
+1,295
| +2% | +$103K |
|
|
PCH
1415
DELISTED
PotlatchDeltic
PCH
| $4.99M | 0.01% |
120,500
+15,370
| +15% | +$623K |
|
|
EXXI
1416
DELISTED
ENERGY XXI LTD COM SHS
EXXI
| $4.96M | 0.01% |
183,400
-400
| -0.2% | -$11.5K |
|
1417
Extreme Networks
EXTR
$3.09B
| $4.95M | 0.01% |
702,430
+245,317
| +54% | +$1.52M |
|
1418
Plexus
PLXS
$7.13B
| $4.94M | 0.01% |
115,553
+8,403
| +8% | +$333K |
|
1419
Encore Capital Group
ECPG
$2.01B
| $4.94M | 0.01% |
99,773
+21,173
| +27% | +$1.01M |
|
|
LNCE
1420
DELISTED
Snyders-Lance, Inc.
LNCE
| $4.93M | 0.01% |
172,057
+1,101
| +0.6% | +$31.5K |
|
|
DCT
1421
DELISTED
DCT Industrial Trust Inc.
DCT
| $4.93M | 0.01% |
173,281
-15,202
| -8% | -$451K |
|
1422
Iridium Communications
IRDM
$5.23B
| $4.93M | 0.01% |
763,790
+494,990
| +184% | +$2.99M |
|
|
DBD
1423
DELISTED
Diebold Nixdorf Incorporated
DBD
| $4.93M | 0.01% |
152,802
-91,006
| -37% | -$2.84M |
|
1424
Aaon
AAON
$7.31B
| $4.92M | 0.01% |
338,738
+45,178
| +15% | +$573K |
|
|
AF
1425
DELISTED
Astoria Financial Corporation
AF
| $4.92M | 0.01% |
351,374
-17,780
| -5% | -$238K |
|
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.