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 | |
|---|---|---|---|---|---|---|
1701
CNA Financial
CNA
$13.8B
| $3.53M | ﹤0.01% |
91,740
-49,529
| -35% | -$1.9M |
|
|
AVH
1702
DELISTED
AVIANCA HOLDINGS S.A.
AVH
| $3.52M | ﹤0.01% |
281,791
+45,804
| +19% | +$597K |
|
|
ANV
1703
DELISTED
Allied Nevada Gold Corp
ANV
| $3.52M | ﹤0.01% |
2,909,400
+2,667,900
| +1,105% | +$4.43M |
|
|
TAL
1704
DELISTED
TAL INTERNATIONAL GROUP, INC.
TAL
| $3.51M | ﹤0.01% |
81,500
| – | – |
|
1705
PENN Entertainment
PENN
$2.57B
| $3.5M | ﹤0.01% |
228,962
-37,600
| -14% | -$487K |
|
1706
Blackbaud
BLKB
$2.06B
| $3.5M | ﹤0.01% |
77,100
| – | – |
|
|
ORBK
1707
DELISTED
Orbotech Ltd
ORBK
| $3.5M | ﹤0.01% |
226,300
+7,100
| +3% | +$106K |
|
|
WMGI
1708
DELISTED
Wright Medical Group Inc
WMGI
| $3.49M | ﹤0.01% |
139,000
| – | – |
|
1709
Navios Maritime Partners
NMM
$2.23B
| $3.49M | ﹤0.01% |
18,673
| – | – |
|
|
FPO
1710
DELISTED
First Potomac Realty Trust
FPO
| $3.49M | ﹤0.01% |
264,601
+72,229
| +38% | +$880K |
|
|
BAS
1711
DELISTED
Basis Energy Services, Inc.
BAS
| $3.49M | ﹤0.01% |
952
+707
| +289% | +$4.46M |
|
|
TRAK
1712
DELISTED
DEALERTRACK TECHNOLOGIES, INC. COM STK
TRAK
| $3.48M | ﹤0.01% |
81,300
-30,355
| -27% | -$1.35M |
|
|
ANH
1713
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $3.47M | ﹤0.01% |
663,300
+33,300
| +5% | +$174K |
|
1714
Natural Resource Partners
NRP
$1.37B
| $3.46M | ﹤0.01% |
35,440
+26,660
| +304% | +$3.08M |
|
1715
Kforce
KFRC
$1.04B
| $3.46M | ﹤0.01% |
149,833
-1,000
| -0.7% | -$22.5K |
|
1716
Dycom Industries
DY
$12.1B
| $3.45M | ﹤0.01% |
101,000
+17,700
| +21% | +$530K |
|
|
TFM
1717
DELISTED
THE FRESH MARKET, INC COM STK
TFM
| $3.45M | ﹤0.01% |
89,800
-7,533
| -8% | -$286K |
|
1718
Simpson Manufacturing
SSD
$8.15B
| $3.44M | ﹤0.01% |
101,800
+16,300
| +19% | +$531K |
|
|
UNTD
1719
DELISTED
UNITED ONLINE INC COM NEW
UNTD
| $3.44M | ﹤0.01% |
248,038
-9,800
| -4% | -$123K |
|
1720
Capitol Federal Financial
CFFN
$1.09B
| $3.42M | ﹤0.01% |
273,100
-5,600
| -2% | -$70.2K |
|
1721
Canadian Solar
CSIQ
$1.08B
| $3.41M | ﹤0.01% |
167,700
-56,165
| -25% | -$1.53M |
|
1722
Central Pacific Financial
CPF
$1B
| $3.41M | ﹤0.01% |
170,445
+18,945
| +13% | +$360K |
|
1723
EPAM Systems
EPAM
$5.16B
| $3.41M | ﹤0.01% |
73,200
+4,900
| +7% | +$231K |
|
|
TBI
1724
Trueblue
TBI
$307M
| $3.41M | ﹤0.01% |
166,100
-21,299
| -11% | -$505K |
|
1725
Hilltop Holdings
HTH
$2.25B
| $3.39M | ﹤0.01% |
184,751
+14,751
| +9% | +$303K |
|
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.