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 | |
|---|---|---|---|---|---|---|
1651
XPO
XPO
$23.8B
| $3.7M | 0.01% |
277,898
-2,654
| -0.9% | -$35K |
|
1652
Nektar Therapeutics
NKTR
$2.55B
| $3.7M | 0.01% |
16,488
+788
| +5% | +$168K |
|
1653
Saia
SAIA
$9.52B
| $3.7M | 0.01% |
82,155
+10,000
| +14% | +$521K |
|
|
CBB
1654
DELISTED
Cincinnati Bell Inc.
CBB
| $3.7M | 0.01% |
239,561
-4,780
| -2% | -$80.9K |
|
1655
City Holding Co
CHCO
$2.06B
| $3.7M | 0.01% |
84,504
+300
| +0.4% | +$13.3K |
|
|
YOKU
1656
DELISTED
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
| $3.7M | 0.01% |
216,200
| – | – |
|
|
TPLM
1657
DELISTED
Triangle Petroleum Corporation
TPLM
| $3.69M | 0.01% |
639,126
+464,151
| +265% | +$3.11M |
|
|
REV
1658
DELISTED
Revlon, Inc.
REV
| $3.69M | 0.01% |
112,284
-800
| -0.7% | -$26.6K |
|
1659
Haemonetics
HAE
$3.97B
| $3.68M | 0.01% |
97,600
-798
| -0.8% | -$29.2K |
|
1660
Forward Air
FWRD
$628M
| $3.68M | 0.01% |
78,544
-700
| -0.9% | -$33.6K |
|
1661
CONMED
CNMD
$1.48B
| $3.68M | 0.01% |
77,200
+7,200
| +10% | +$302K |
|
|
SWC
1662
DELISTED
Stillwater Mining Co
SWC
| $3.67M | 0.01% |
267,300
-25,900
| -9% | -$355K |
|
1663
Prestige Consumer Healthcare
PBH
$2.54B
| $3.67M | 0.01% |
102,600
-57,390
| -36% | -$1.9M |
|
|
PRFT
1664
DELISTED
Perficient Inc
PRFT
| $3.67M | 0.01% |
193,700
| – | – |
|
|
AAWW
1665
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $3.66M | 0.01% |
78,400
-200
| -0.3% | -$8.14K |
|
|
AXAS
1666
DELISTED
Abraxas Petroleum Corp
AXAS
| $3.65M | 0.01% |
56,490
+35,440
| +168% | +$2.61M |
|
1667
Columbia Banking Systems
COLB
$8.97B
| $3.65M | 0.01% |
139,344
-32,416
| -19% | -$872K |
|
1668
Ethan Allen Interiors
ETD
$602M
| $3.65M | 0.01% |
115,200
+24,220
| +27% | +$676K |
|
1669
RingCentral
RNG
$5.3B
| $3.65M | 0.01% |
265,900
+133,713
| +101% | +$1.68M |
|
1670
Resources Connection
RGP
$144M
| $3.64M | 0.01% |
213,985
-13,500
| -6% | -$204K |
|
1671
CDW
CDW
$16.9B
| $3.64M | 0.01% |
105,200
-4,200
| -4% | -$136K |
|
1672
Crocs
CROX
$6.31B
| $3.64M | 0.01% |
343,323
+11,318
| +3% | +$140K |
|
|
TRLA
1673
DELISTED
TRULIA INC (DEL)
TRLA
| $3.63M | 0.01% |
80,537
+37,810
| +88% | +$1.77M |
|
1674
Silicon Motion
SIMO
$7.6B
| $3.63M | 0.01% |
127,100
+24,400
| +24% | +$586K |
|
|
AHGP
1675
DELISTED
Alliance Holdings GP
AHGP
| $3.63M | 0.01% |
62,800
+5,400
| +9% | +$351K |
|
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.