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 | |
|---|---|---|---|---|---|---|
|
PPO
1626
DELISTED
POLYPORE INTERNATIONAL, INC
PPO
| $3.81M | 0.01% |
109,000
-85,100
| -44% | -$2.97M |
|
|
MOBI
1627
DELISTED
Sky-mobi Limited ADS
MOBI
| $3.81M | 0.01% |
493,701
| – | – |
|
|
CCMP
1628
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $3.79M | 0.01% |
87,108
+4,400
| +5% | +$192K |
|
|
HPP
1629
Hudson Pacific Properties
HPP
$724M
| $3.78M | 0.01% |
23,760
+12,043
| +103% | +$1.88M |
|
|
KRA
1630
DELISTED
Kraton Corporation
KRA
| $3.78M | 0.01% |
141,600
+17,700
| +14% | +$446K |
|
|
HF
1631
DELISTED
HFF Inc.
HF
| $3.77M | 0.01% |
110,823
-7,248
| -6% | -$219K |
|
1632
Dine Brands
DIN
$454M
| $3.77M | 0.01% |
49,620
+15,720
| +46% | +$1.27M |
|
|
ENIA
1633
DELISTED
Enel Amricas S.A. American Depositary Shares (Each representing 50 shares of Common Stock)
ENIA
| $3.77M | 0.01% |
441,704
-35,412
| -7% | -$273K |
|
|
DRIV
1634
DELISTED
DIGITAL RIVER INC.
DRIV
| $3.77M | 0.01% |
212,710
-19,600
| -8% | -$347K |
|
1635
Gerdau
GGB
$9.21B
| $3.77M | 0.01% |
749,994
+603,540
| +412% | +$3.2M |
|
|
RYL
1636
DELISTED
RYLAND GROUP INC
RYL
| $3.77M | 0.01% |
93,700
+4,000
| +4% | +$170K |
|
1637
Hilton Worldwide
HLT
$70.8B
| $3.76M | 0.01% |
58,733
-51,367
| -47% | -$3.4M |
|
1638
Caleres
CAL
$475M
| $3.76M | 0.01% |
143,550
-9,000
| -6% | -$226K |
|
1639
Five Below
FIVE
$13B
| $3.76M | 0.01% |
96,346
-9,661
| -9% | -$371K |
|
|
RJET
1640
DELISTED
REPUBLIC AWYS HLDGS INC
RJET
| $3.75M | 0.01% |
441,500
-40,000
| -8% | -$388K |
|
1641
City Holding Co
CHCO
$2.06B
| $3.75M | 0.01% |
84,004
-10,500
| -11% | -$471K |
|
1642
Astronics
ATRO
$3.7B
| $3.74M | 0.01% |
147,932
+47,086
| +47% | +$1.32M |
|
|
STMP
1643
DELISTED
Stamps.com, Inc.
STMP
| $3.73M | 0.01% |
113,540
+31,740
| +39% | +$1.19M |
|
1644
Acadia Pharmaceuticals
ACAD
$5.07B
| $3.73M | 0.01% |
177,655
-19,595
| -10% | -$496K |
|
1645
Medifast
MED
$130M
| $3.72M | 0.01% |
118,400
+11,400
| +11% | +$305K |
|
|
FCH
1646
DELISTED
Felcor Lodging Trust
FCH
| $3.72M | 0.01% |
405,759
+500
| +0.1% | +$4.25K |
|
1647
Quad
QUAD
$502M
| $3.71M | 0.01% |
165,340
+11,540
| +8% | +$275K |
|
1648
Sabra Healthcare REIT
SBRA
$5.07B
| $3.7M | 0.01% |
124,984
+900
| +0.7% | +$24.7K |
|
|
BAGL
1649
DELISTED
EINSTEIN NOAH RESTAURANT GROUP, INC CMN STK (DELAWARE)
BAGL
| $3.7M | 0.01% |
234,600
| – | – |
|
|
LGCY
1650
DELISTED
Legacy Reserves Inc. Common Stock
LGCY
| $3.7M | 0.01% |
145,200
+34,800
| +32% | +$933K |
|
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.