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 | |
|---|---|---|---|---|---|---|
1451
Allegiant Air
ALGT
$2.42B
| $4.75M | 0.01% |
41,247
+8,600
| +26% | +$876K |
|
|
WBMD
1452
DELISTED
WebMD Health Corp.
WBMD
| $4.74M | 0.01% |
121,246
-38,652
| -24% | -$1.74M |
|
|
B
1453
DELISTED
Barnes Group Inc.
B
| $4.73M | 0.01% |
125,295
+2,800
| +2% | +$107K |
|
1454
Cimpress
CMPR
$2.37B
| $4.73M | 0.01% |
93,200
+14,384
| +18% | +$728K |
|
|
SEMG
1455
DELISTED
SEMGROUP CORPORATION
SEMG
| $4.72M | 0.01% |
72,000
+2,300
| +3% | +$146K |
|
|
MCF
1456
DELISTED
Contango Oil & Gas Co.
MCF
| $4.71M | 0.01% |
97,747
-1,100
| -1% | -$50.4K |
|
1457
Hilltop Holdings
HTH
$2.24B
| $4.69M | 0.01% |
197,900
+155,800
| +370% | +$3.7M |
|
|
EXXI
1458
DELISTED
ENERGY XXI LTD COM SHS
EXXI
| $4.69M | 0.01% |
203,700
+20,300
| +11% | +$477K |
|
|
TBI
1459
Trueblue
TBI
$320M
| $4.68M | 0.01% |
165,700
-9,800
| -6% | -$263K |
|
|
NEWP
1460
DELISTED
NEWPORT CORP
NEWP
| $4.68M | 0.01% |
235,150
+51,370
| +28% | +$998K |
|
1461
Iridium Communications
IRDM
$5.19B
| $4.68M | 0.01% |
636,590
-127,200
| -17% | -$851K |
|
1462
Selective Insurance
SIGI
$5.62B
| $4.67M | 0.01% |
201,249
-17,400
| -8% | -$414K |
|
|
FGP
1463
DELISTED
Ferrellgas Partners, L.P.
FGP
| $4.66M | 0.01% |
197,500
+1,555
| +0.8% | +$37.4K |
|
|
OAK
1464
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
| $4.66M | 0.01% |
85,100
+40,000
| +89% | +$2.35M |
|
1465
United Bankshares
UBSI
$6.59B
| $4.66M | 0.01% |
152,196
+48,396
| +47% | +$1.45M |
|
1466
Adtran
ADTN
$634M
| $4.65M | 0.01% |
184,600
+15,000
| +9% | +$387K |
|
|
ALOG
1467
DELISTED
Analogic Corp
ALOG
| $4.64M | 0.01% |
56,100
-6,500
| -10% | -$583K |
|
1468
Westamerica Bancorp
WABC
$1.36B
| $4.63M | 0.01% |
88,044
-2,800
| -3% | -$146K |
|
1469
Asbury Automotive
ABG
$3.78B
| $4.62M | 0.01% |
83,200
-13,108
| -14% | -$668K |
|
|
TQNT
1470
DELISTED
TRIQUINT SEMICONDUCTOR INC
TQNT
| $4.62M | 0.01% |
342,200
-20,000
| -6% | -$208K |
|
1471
Semtech
SMTC
$12.3B
| $4.62M | 0.01% |
181,240
-1,000
| -0.5% | -$24.4K |
|
1472
Columbia Banking Systems
COLB
$8.97B
| $4.62M | 0.01% |
164,916
+26,877
| +19% | +$726K |
|
|
PRFT
1473
DELISTED
Perficient Inc
PRFT
| $4.61M | 0.01% |
263,262
+39,062
| +17% | +$799K |
|
|
CHSP
1474
DELISTED
Chesapeake Lodging Trust
CHSP
| $4.61M | 0.01% |
178,347
+10,300
| +6% | +$261K |
|
|
LCI
1475
DELISTED
Lannett Company, Inc.
LCI
| $4.61M | 0.01% |
35,317
-12,583
| -26% | -$1.95M |
|
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.