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 | |
|---|---|---|---|---|---|---|
|
EQY
1551
DELISTED
Equity One
EQY
| $4.15M | 0.01% |
149,738
| – | – |
|
|
CNW
1552
DELISTED
CON-WAY INC.
CNW
| $4.14M | 0.01% |
96,850
-75,400
| -44% | -$3.49M |
|
|
CONE
1553
DELISTED
CyrusOne Inc Common Stock
CONE
| $4.14M | 0.01% |
143,304
+118,476
| +477% | +$3.11M |
|
|
KMI.WS
1554
DELISTED
Kinder Morgan Inc
KMI.WS
| $4.13M | 0.01% |
1,028,569
| – | – |
|
|
JOBS
1555
DELISTED
51job Inc
JOBS
| $4.12M | 0.01% |
116,704
+1,404
| +1% | +$46.8K |
|
|
QLIK
1556
DELISTED
QLIK TECHNOLOGIES INC COM STK (DE)
QLIK
| $4.11M | 0.01% |
140,600
| – | – |
|
1557
Matsons
MATX
$6.12B
| $4.11M | 0.01% |
113,200
-7,200
| -6% | -$221K |
|
1558
Veeco
VECO
$3.05B
| $4.11M | 0.01% |
131,600
+600
| +0.5% | +$21K |
|
1559
Exponent
EXPO
$3.24B
| $4.11M | 0.01% |
199,200
| – | – |
|
|
CIE
1560
DELISTED
Cobalt International Energy, Inc
CIE
| $4.11M | 0.01% |
31,167
-17,846
| -36% | -$2.72M |
|
|
CDR
1561
DELISTED
Cedar Realty Trust, Inc
CDR
| $4.1M | 0.01% |
76,335
+36,865
| +93% | +$1.62M |
|
1562
Cal-Maine
CALM
$3.89B
| $4.1M | 0.01% |
111,200
-54,800
| -33% | -$2.33M |
|
1563
Texas Capital Bancshares
TCBI
$4.34B
| $4.09M | 0.01% |
95,100
-1,400
| -1% | -$79.4K |
|
|
BGG
1564
DELISTED
Briggs & Stratton Corp.
BGG
| $4.09M | 0.01% |
213,600
+800
| +0.4% | +$15.7K |
|
1565
RBC Bearings
RBC
$17.7B
| $4.09M | 0.01% |
66,900
-2,700
| -4% | -$164K |
|
1566
Group 1 Automotive
GPI
$3.2B
| $4.09M | 0.01% |
49,600
-3,300
| -6% | -$277K |
|
|
HIBB
1567
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $4.08M | 0.01% |
82,500
-1,000
| -1% | -$46.4K |
|
1568
Anika Therapeutics
ANIK
$282M
| $4.07M | 0.01% |
101,681
+1,881
| +2% | +$73.5K |
|
1569
OSI Systems
OSIS
$3.85B
| $4.07M | 0.01% |
56,760
-7,250
| -11% | -$494K |
|
|
SYKE
1570
DELISTED
SYKES Enterprises Inc
SYKE
| $4.06M | 0.01% |
175,965
-2,700
| -2% | -$60.4K |
|
|
MAGN
1571
Magnera Corp
MAGN
$461M
| $4.06M | 0.01% |
13,339
+2,459
| +23% | +$792K |
|
1572
Unifirst Corp
UNF
$5.25B
| $4.06M | 0.01% |
34,448
-11,785
| -25% | -$1.28M |
|
1573
Universal Display
OLED
$4.24B
| $4.05M | 0.01% |
130,312
| – | – |
|
|
TRUE
1574
DELISTED
TrueCar
TRUE
| $4.04M | 0.01% |
229,312
-3,502
| -2% | -$68.6K |
|
1575
Boise Cascade
BCC
$2.97B
| $4.02M | 0.01% |
101,925
-8,320
| -8% | -$287K |
|
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.