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 | |
|---|---|---|---|---|---|---|
|
TESO
1451
DELISTED
Tesco Corp
TESO
| $4.69M | 0.01% |
435,236
-6,435
| -1% | -$101K |
|
1452
Otter Tail
OTTR
$3.88B
| $4.68M | 0.01% |
147,900
+2,100
| +1% | +$62K |
|
1453
Northwest Bancshares
NWBI
$2.27B
| $4.68M | 0.01% |
389,450
-72,885
| -16% | -$914K |
|
|
RCPT
1454
DELISTED
RECEPTOS INC COM STK (DE)
RCPT
| $4.68M | 0.01% |
40,094
+26,094
| +186% | +$2.64M |
|
|
DRIV
1455
DELISTED
DIGITAL RIVER INC.
DRIV
| $4.67M | 0.01% |
181,960
-48,350
| -21% | -$1.06M |
|
1456
Aaon
AAON
$7.31B
| $4.66M | 0.01% |
306,300
+48,600
| +19% | +$649K |
|
1457
Penske Automotive Group
PAG
$14.2B
| $4.66M | 0.01% |
93,000
| – | – |
|
|
OAK
1458
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
| $4.66M | 0.01% |
85,100
| – | – |
|
|
CMLP
1459
DELISTED
CRESTWOOD MIDSTREAM PARTNERS LP NEW UTS REP LTD PRT INT (DE)
CMLP
| $4.65M | 0.01% |
302,820
| – | – |
|
|
DWRE
1460
DELISTED
DEMANDWARE INC COM STK (DE)
DWRE
| $4.65M | 0.01% |
85,690
-3,048
| -3% | -$171K |
|
|
SN
1461
DELISTED
Sanchez Energy Corporation
SN
| $4.65M | 0.01% |
409,354
+267,374
| +188% | +$4M |
|
|
ITG
1462
DELISTED
Investment Technology Group Inc
ITG
| $4.65M | 0.01% |
225,649
-7,400
| -3% | -$138K |
|
1463
Healthcare Realty
HR
$6.73B
| $4.64M | 0.01% |
155,150
+4,200
| +3% | +$106K |
|
1464
Enerpac Tool Group
EPAC
$1.89B
| $4.64M | 0.01% |
198,100
-3,200
| -2% | -$95.5K |
|
1465
NETSCOUT
NTCT
$2.81B
| $4.64M | 0.01% |
131,900
+18,200
| +16% | +$686K |
|
|
ISBC
1466
DELISTED
Investors Bancorp, Inc.
ISBC
| $4.63M | 0.01% |
426,675
+4,400
| +1% | +$46.7K |
|
1467
Children's Place
PLCE
$58.3M
| $4.63M | 0.01% |
73,700
+1,700
| +2% | +$87.9K |
|
1468
Booz Allen Hamilton
BAH
$9.37B
| $4.63M | 0.01% |
156,254
+7,100
| +5% | +$184K |
|
1469
Scorpio Tankers
STNG
$3.83B
| $4.62M | 0.01% |
52,010
+7,500
| +17% | +$622K |
|
|
ANAT
1470
DELISTED
American National Group, Inc. Common Stock
ANAT
| $4.62M | 0.01% |
43,593
-500
| -1% | -$56.8K |
|
|
WBMD
1471
DELISTED
WebMD Health Corp.
WBMD
| $4.62M | 0.01% |
113,246
-6,500
| -5% | -$250K |
|
|
SWFT
1472
DELISTED
Swift Transportation Company
SWFT
| $4.62M | 0.01% |
167,200
+21,700
| +15% | +$554K |
|
1473
Pricesmart
PSMT
$5.21B
| $4.62M | 0.01% |
53,400
| – | – |
|
1474
Encompass Health
EHC
$12.4B
| $4.6M | 0.01% |
132,111
+2,389
| +2% | +$74.5K |
|
|
FCH
1475
DELISTED
Felcor Lodging Trust
FCH
| $4.6M | 0.01% |
444,959
+39,300
| +10% | +$403K |
|
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.