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 | |
|---|---|---|---|---|---|---|
1526
Sonic Automotive
SAH
$2.53B
| $4.28M | 0.01% |
164,468
+37,007
| +29% | +$934K |
|
1527
Star Bulk Carriers
SBLK
$3.09B
| $4.27M | 0.01% |
211,014
+132,120
| +167% | +$5.56M |
|
1528
Kaiser Aluminum
KALU
$3.13B
| $4.27M | 0.01% |
61,061
-3,183
| -5% | -$230K |
|
1529
Korn Ferry
KFY
$4.3B
| $4.27M | 0.01% |
146,936
-12,996
| -8% | -$353K |
|
|
RENT
1530
DELISTED
RENTRAK CORP
RENT
| $4.26M | 0.01% |
55,399
+3,955
| +8% | +$299K |
|
1531
MidCap Financial Investment
MFIC
$797M
| $4.26M | 0.01% |
196,933
| – | – |
|
1532
MillerKnoll
MLKN
$1.65B
| $4.26M | 0.01% |
148,000
+15,100
| +11% | +$459K |
|
|
SPNC
1533
DELISTED
Spectranetics Corp
SPNC
| $4.26M | 0.01% |
122,937
-12,410
| -9% | -$387K |
|
|
BWP
1534
DELISTED
Boardwalk Pipeline Partners
BWP
| $4.25M | 0.01% |
272,600
+800
| +0.3% | +$13.5K |
|
1535
iShares US Real Estate ETF
IYR
$4.5B
| $4.25M | 0.01% |
+51,200
| New | +$3.83M |
|
|
BRKL
1536
DELISTED
Brookline Bancorp
BRKL
| $4.24M | 0.01% |
439,286
-2,700
| -0.6% | -$25.5K |
|
1537
MasTec
MTZ
$22.2B
| $4.23M | 0.01% |
216,489
-11,102
| -5% | -$275K |
|
|
UTIW
1538
DELISTED
UTI WORLDWIDE INC
UTIW
| $4.21M | 0.01% |
367,000
+18,500
| +5% | +$207K |
|
|
CPLA
1539
DELISTED
Capella Education Company
CPLA
| $4.2M | 0.01% |
60,945
+900
| +1% | +$61.9K |
|
|
CWEI
1540
DELISTED
Clayton Williams Energy, Inc.
CWEI
| $4.2M | 0.01% |
71,300
| – | – |
|
1541
Kulicke & Soffa
KLIC
$4.77B
| $4.2M | 0.01% |
287,470
-79,430
| -22% | -$1.1M |
|
1542
Cathay General Bancorp
CATY
$4.23B
| $4.19M | 0.01% |
170,400
+2,000
| +1% | +$50.7K |
|
|
AF
1543
DELISTED
Astoria Financial Corporation
AF
| $4.19M | 0.01% |
329,924
+60,550
| +22% | +$784K |
|
|
ELNK
1544
DELISTED
EarthLink Holdings Corp.
ELNK
| $4.18M | 0.01% |
951,003
+167,600
| +21% | +$660K |
|
1545
Flotek Industries
FTK
$1.34B
| $4.17M | 0.01% |
41,165
-1,652
| -4% | -$204K |
|
1546
Andersons Inc
ANDE
$2.23B
| $4.17M | 0.01% |
88,100
+8,100
| +10% | +$458K |
|
|
ASRT
1547
DELISTED
Assertio
ASRT
| $4.16M | 0.01% |
3,598
+240
| +7% | +$219K |
|
1548
Semtech
SMTC
$12.4B
| $4.16M | 0.01% |
155,600
-22,040
| -12% | -$563K |
|
|
BPT
1549
DELISTED
BP Prudhoe Bay Royalty Trust
BPT
| $4.15M | 0.01% |
52,600
+2,600
| +5% | +$207K |
|
|
AD
1550
Array Digital Infrastructure
AD
$3.04B
| $4.15M | 0.01% |
117,855
+22,100
| +23% | +$810K |
|
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.