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 | |
|---|---|---|---|---|---|---|
1576
First Financial Bankshares
FFIN
$4.98B
| $4.01M | 0.01% |
310,600
| – | – |
|
1577
Perdoceo Education
PRDO
$1.99B
| $4.01M | 0.01% |
697,458
-106,400
| -13% | -$611K |
|
1578
Banner Corp
BANR
$2.45B
| $4.01M | 0.01% |
98,803
| – | – |
|
1579
JD.com
JD
$43.2B
| $4.01M | 0.01% |
158,100
+137,100
| +653% | +$3.38M |
|
1580
Mercer International
MERC
$35.6M
| $4M | 0.01% |
321,984
+40,900
| +15% | +$496K |
|
1581
AAR Corp
AIR
$5.82B
| $4M | 0.01% |
138,700
-30,355
| -18% | -$786K |
|
1582
Quad
QUAD
$510M
| $3.99M | 0.01% |
197,340
+7,400
| +4% | +$156K |
|
|
CMO
1583
DELISTED
Capstead Mortgage Corp.
CMO
| $3.99M | 0.01% |
325,300
+17,100
| +6% | +$217K |
|
1584
Greif
GEF
$4.99B
| $3.98M | 0.01% |
99,642
+5,622
| +6% | +$251K |
|
1585
Cogent Communications
CCOI
$514M
| $3.97M | 0.01% |
104,900
| – | – |
|
|
MRC
1586
DELISTED
MRC Global
MRC
| $3.96M | 0.01% |
342,004
+150,404
| +78% | +$2.92M |
|
|
CRR
1587
DELISTED
Carbo Ceramics Inc.
CRR
| $3.96M | 0.01% |
110,700
+52,600
| +91% | +$2.45M |
|
1588
KB Home
KBH
$3.52B
| $3.96M | 0.01% |
324,600
| – | – |
|
1589
Matador Resources
MTDR
$6.47B
| $3.96M | 0.01% |
174,235
-26,995
| -13% | -$560K |
|
1590
Insperity
NSP
$1.95B
| $3.95M | 0.01% |
184,044
+5,400
| +3% | +$85.3K |
|
1591
California Water Service
CWT
$3.05B
| $3.94M | 0.01% |
154,379
+1,500
| +1% | +$36.8K |
|
|
PVA
1592
DELISTED
PENN VIRGINIA CORP
PVA
| $3.94M | 0.01% |
733,489
+535,700
| +271% | +$4.05M |
|
1593
G-III Apparel Group
GIII
$1.46B
| $3.94M | 0.01% |
80,502
+12,634
| +19% | +$543K |
|
|
MORE
1594
DELISTED
Monogram Residential Trust, Inc.
MORE
| $3.94M | 0.01% |
+422,800
| New | +$3.9M |
|
|
RYL
1595
DELISTED
RYLAND GROUP INC
RYL
| $3.93M | 0.01% |
107,712
+16,412
| +18% | +$596K |
|
|
COR
1596
DELISTED
Coresite Realty Corporation
COR
| $3.93M | 0.01% |
89,115
-12,487
| -12% | -$460K |
|
|
HZNP
1597
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $3.92M | 0.01% |
235,402
+72,858
| +45% | +$912K |
|
1598
Five Below
FIVE
$13.1B
| $3.91M | 0.01% |
113,700
-31,048
| -21% | -$1.26M |
|
1599
Oxford Industries
OXM
$547M
| $3.91M | 0.01% |
66,919
| – | – |
|
1600
Scansource
SCSC
$1.09B
| $3.91M | 0.01% |
99,331
+1,300
| +1% | +$48.8K |
|
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.