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 |
Apple
AAPL
|
+$191M |
| 2 |
ExxonMobil
XOM
|
+$166M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$143M |
| 4 |
Microsoft
MSFT
|
+$139M |
| 5 |
Wells Fargo
WFC
|
+$123M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DELL
DELL INC
DELL
|
+$68M |
| 2 |
Melco Resorts & Entertainment
MLCO
|
+$45.3M |
| 3 |
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$32.5M |
| 4 |
NYX
NYSE EURONEXT INC
NYX
|
+$31.4M |
| 5 |
Perrigo
PRGO
|
+$28.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.93% |
| 2 | Technology | 13.51% |
| 3 | Healthcare | 12.03% |
| 4 | Industrials | 11.52% |
| 5 | Energy | 9.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PDLI
1626
DELISTED
PDL BioPharma, Inc.
PDLI
| $3.77M | 0.01% |
447,378
+45,714
| +11% | +$385K |
|
|
QLIK
1627
DELISTED
QLIK TECHNOLOGIES INC COM STK (DE)
QLIK
| $3.75M | 0.01% |
143,000
-7,500
| -5% | -$207K |
|
|
NAVG
1628
DELISTED
Navigators Group Inc
NAVG
| $3.75M | 0.01% |
120,016
+14,194
| +13% | +$426K |
|
|
CUB
1629
DELISTED
Cubic Corporation
CUB
| $3.74M | 0.01% |
70,100
+10,525
| +18% | +$555K |
|
1630
Innospec
IOSP
$2.31B
| $3.73M | 0.01% |
79,902
+54,302
| +212% | +$2.49M |
|
1631
Meritage Homes
MTH
$4.82B
| $3.73M | 0.01% |
159,070
+25,176
| +19% | +$546K |
|
1632
Kosmos Energy
KOS
$1.52B
| $3.73M | 0.01% |
338,500
+220,000
| +186% | +$2.35M |
|
1633
Enovis
ENOV
$1.43B
| $3.72M | 0.01% |
34,047
-59,157
| -63% | -$5.92M |
|
|
CCMP
1634
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $3.72M | 0.01% |
82,708
+13,363
| +19% | +$565K |
|
1635
Mine Safety
MSA
$7.51B
| $3.72M | 0.01% |
72,588
+8,329
| +13% | +$415K |
|
|
GPOR
1636
DELISTED
Gulfport Energy Corp.
GPOR
| $3.71M | 0.01% |
61,646
-81,753
| -57% | -$4.95M |
|
|
DS
1637
DELISTED
Drive Shack Inc.
DS
| $3.69M | 0.01% |
710,307
+30,960
| +5% | +$156K |
|
|
CEC
1638
DELISTED
CEC ENTERTAINMENT INC
CEC
| $3.67M | 0.01% |
83,238
-850
| -1% | -$38.6K |
|
|
BBG
1639
DELISTED
Bill Barrett Corp
BBG
| $3.67M | 0.01% |
132,738
+11,054
| +9% | +$301K |
|
|
BRFS
1640
DELISTED
BRF SA
BRFS
| $3.67M | 0.01% |
+179,459
| New | +$4.12M |
|
1641
Golar LNG
GLNG
$5.2B
| $3.67M | 0.01% |
102,400
+100,470
| +5,206% | +$3.68M |
|
|
IPXL
1642
DELISTED
Impax Laboratories, Inc.
IPXL
| $3.66M | 0.01% |
146,400
+1,600
| +1% | +$35.7K |
|
|
SIRE
1643
DELISTED
Sisecam Resources LP
SIRE
| $3.66M | 0.01% |
175,000
| – | – |
|
|
FRED
1644
DELISTED
Fred's Inc
FRED
| $3.66M | 0.01% |
196,693
-517
| -0.3% | -$8.59K |
|
|
IVC
1645
DELISTED
Invacare Corporation
IVC
| $3.66M | 0.01% |
158,328
-1,544
| -1% | -$32K |
|
1646
International Bancshares
IBOC
$4.52B
| $3.65M | 0.01% |
136,719
+16,005
| +13% | +$389K |
|
1647
Choice Hotels
CHH
$4.6B
| $3.64M | 0.01% |
74,000
+27,075
| +58% | +$1.23M |
|
|
ISBC
1648
DELISTED
Investors Bancorp, Inc.
ISBC
| $3.64M | 0.01% |
363,153
+38,510
| +12% | +$357K |
|
|
LTM
1649
DELISTED
LIFE TIME FITNESS INC
LTM
| $3.64M | 0.01% |
78,683
+8,453
| +12% | +$405K |
|
1650
Ethan Allen Interiors
ETD
$607M
| $3.63M | 0.01% |
119,441
+31,395
| +36% | +$887K |
|
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California Public Employees Retirement System's Q4 2013 Portfolio in Review
As of Q4 2013, California Public Employees Retirement System held 4,184 positions worth $69B, up 28% from $54B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
California Public Employees Retirement System deployed $9.68B of net new capital in Q4 2013, opening 203 new positions and adding to 1,884 existing holdings. Its largest new stake was Vodafone: 1,609,157 shares worth $64.1M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 15% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Melco Resorts & Entertainment, an estimated $45.3M trimmed.
- California Public Employees Retirement System's largest Q4 2013 buy was Vodafone: 1,609,157 shares worth $64.1M.
- California Public Employees Retirement System added most to Apple in Q4 2013, an estimated $191M increase.
- California Public Employees Retirement System's biggest Q4 2013 reduction was Melco Resorts & Entertainment, cutting an estimated $45.3M.
- California Public Employees Retirement System fully exited DELL INC in Q4 2013, selling an estimated $68M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $69B portfolio in Q4 2013.
- California Public Employees Retirement System opened 203 new positions and closed 206 in Q4 2013.
- California Public Employees Retirement System's portfolio value rose 28% quarter-over-quarter to $69B.
Based on California Public Employees Retirement System's 13F filing for Q4 2013, filed 11 Feb 2014.