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 | |
|---|---|---|---|---|---|---|
|
ACOR
1701
DELISTED
Acorda Therapeutics
ACOR
| $3.48M | 0.01% |
784
+130
| +20% | +$526K |
|
|
HITT
1702
DELISTED
HITTITE MICROWAVE CORP
HITT
| $3.48M | 0.01% |
55,400
+2,100
| +4% | +$125K |
|
1703
Chunghwa Telecom
CHT
$32.9B
| $3.47M | 0.01% |
112,037
-2,314
| -2% | -$69.8K |
|
|
TAL
1704
DELISTED
TAL INTERNATIONAL GROUP, INC.
TAL
| $3.47M | 0.01% |
81,000
+2,000
| +3% | +$89K |
|
|
UCB
1705
United Community Banks
UCB
$4.36B
| $3.46M | 0.01% |
178,731
-14,000
| -7% | -$249K |
|
|
RESI
1706
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $3.46M | 0.01% |
119,300
+49,769
| +72% | +$1.5M |
|
1707
ServiceNow
NOW
$132B
| $3.46M | ﹤0.01% |
340,450
-5,125
| -1% | -$65.2K |
|
|
AAMC
1708
DELISTED
Altisource Asset Management Corp
AAMC
| $3.46M | ﹤0.01% |
5,610
-117
| -2% | -$66.9K |
|
1709
Acadia Realty Trust
AKR
$2.83B
| $3.46M | ﹤0.01% |
129,603
+3,700
| +3% | +$95.4K |
|
|
APLP
1710
DELISTED
Archrock Partners, L.P. Common Units representing Limited Partner Interests
APLP
| $3.46M | ﹤0.01% |
116,100
+38,376
| +49% | +$1.13M |
|
|
CY
1711
DELISTED
Cypress Semiconductor
CY
| $3.46M | ﹤0.01% |
346,200
+12,700
| +4% | +$129K |
|
1712
Albany International
AIN
$1.79B
| $3.45M | ﹤0.01% |
97,863
-14,367
| -13% | -$512K |
|
|
KWK
1713
DELISTED
QUICKSILVER RESOURCES INC
KWK
| $3.45M | ﹤0.01% |
1,176,700
-424,100
| -26% | -$1.29M |
|
|
DCOM
1714
DELISTED
Dime Community Bancshares
DCOM
| $3.45M | ﹤0.01% |
203,379
+19,660
| +11% | +$328K |
|
|
KERX
1715
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $3.44M | ﹤0.01% |
222,350
+19,750
| +10% | +$298K |
|
1716
Fabrinet
FN
$18.8B
| $3.44M | ﹤0.01% |
168,000
| – | – |
|
1717
Stratasys
SSYS
$782M
| $3.44M | ﹤0.01% |
33,615
+7,590
| +29% | +$907K |
|
|
EQY
1718
DELISTED
Equity One
EQY
| $3.43M | ﹤0.01% |
153,238
+3,783
| +3% | +$85.6K |
|
|
LOGM
1719
DELISTED
LogMein, Inc.
LOGM
| $3.43M | ﹤0.01% |
81,600
+8,400
| +11% | +$323K |
|
|
KBAL
1720
DELISTED
Kimball International
KBAL
| $3.42M | ﹤0.01% |
244,927
-21,137
| -8% | -$279K |
|
1721
Encompass Health
EHC
$12.4B
| $3.42M | ﹤0.01% |
122,432
-4,399
| -3% | -$115K |
|
1722
Coeur Mining
CDE
$19.1B
| $3.42M | ﹤0.01% |
370,180
+8,300
| +2% | +$89.3K |
|
|
NAVG
1723
DELISTED
Navigators Group Inc
NAVG
| $3.42M | ﹤0.01% |
114,616
-5,400
| -4% | -$165K |
|
1724
HUB Group
HUBG
$2.32B
| $3.42M | ﹤0.01% |
170,200
+5,000
| +3% | +$101K |
|
|
IPCM
1725
DELISTED
IPC HEALTHCARE INC COM DTD
IPCM
| $3.42M | ﹤0.01% |
69,220
-5,947
| -8% | -$317K |
|
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.