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 | |
|---|---|---|---|---|---|---|
1501
ONE Gas
OGS
$4.98B
| $4.49M | 0.01% |
+123,750
| New | +$4.26M |
|
1502
Unifirst Corp
UNF
$5.28B
| $4.48M | 0.01% |
45,933
-3,076
| -6% | -$334K |
|
|
FDML
1503
DELISTED
Federal-Mogul Holdings Corporation
FDML
| $4.48M | 0.01% |
249,161
-123,000
| -33% | -$2.27M |
|
1504
Crocs
CROX
$6.36B
| $4.48M | 0.01% |
304,300
+8,400
| +3% | +$129K |
|
|
REXX
1505
DELISTED
Rex Energy Corporation
REXX
| $4.47M | 0.01% |
23,268
+1,132
| +5% | +$206K |
|
|
JOBS
1506
DELISTED
51job Inc
JOBS
| $4.46M | 0.01% |
129,984
+13,000
| +11% | +$497K |
|
|
TARO
1507
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $4.46M | 0.01% |
40,700
+22,600
| +125% | +$2.46M |
|
1508
Gentherm
THRM
$1.29B
| $4.45M | 0.01% |
133,600
+27,900
| +26% | +$783K |
|
1509
Quaker Houghton
KWR
$2.99B
| $4.45M | 0.01% |
56,800
-200
| -0.4% | -$14.9K |
|
|
SDLP
1510
DELISTED
SEADRILL PARTNERS LLC
SDLP
| $4.44M | 0.01% |
14,950
+13,000
| +667% | +$4.05M |
|
1511
InterDigital
IDCC
$8.83B
| $4.44M | 0.01% |
130,600
+32,800
| +34% | +$977K |
|
1512
Ciena
CIEN
$54.6B
| $4.43M | 0.01% |
216,809
+8,529
| +4% | +$201K |
|
|
SWFT
1513
DELISTED
Swift Transportation Company
SWFT
| $4.43M | 0.01% |
186,900
+31,800
| +21% | +$737K |
|
1514
Granite Construction
GVA
$5.47B
| $4.42M | 0.01% |
116,546
-3,200
| -3% | -$115K |
|
|
HRG
1515
DELISTED
HRG Group, Inc.
HRG
| $4.41M | 0.01% |
365,329
+82,829
| +29% | +$975K |
|
1516
World Acceptance Corp
WRLD
$878M
| $4.41M | 0.01% |
56,438
+3,855
| +7% | +$348K |
|
1517
RBC Bearings
RBC
$17.7B
| $4.4M | 0.01% |
70,700
+2,400
| +4% | +$157K |
|
1518
Trustmark
TRMK
$2.78B
| $4.39M | 0.01% |
176,873
+581
| +0.3% | +$14.4K |
|
|
BPT
1519
DELISTED
BP Prudhoe Bay Royalty Trust
BPT
| $4.39M | 0.01% |
50,200
+500
| +1% | +$40.2K |
|
|
ECOL
1520
DELISTED
US Ecology, Inc.
ECOL
| $4.38M | 0.01% |
113,900
+1,200
| +1% | +$43.8K |
|
|
AYR
1521
DELISTED
Aircastle Ltd
AYR
| $4.36M | 0.01% |
230,983
+4,900
| +2% | +$93.3K |
|
|
HMSY
1522
DELISTED
HMS Holdings Corp.
HMSY
| $4.34M | 0.01% |
238,100
+1,700
| +0.7% | +$36.9K |
|
1523
FTI Consulting
FCN
$4.19B
| $4.34M | 0.01% |
130,166
-22,339
| -15% | -$783K |
|
1524
Axos Financial
AX
$5.68B
| $4.34M | 0.01% |
222,800
-51,200
| -19% | -$1.1M |
|
|
HNGR
1525
DELISTED
Hanger Inc.
HNGR
| $4.33M | 0.01% |
126,712
-9,200
| -7% | -$333K |
|
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.