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 | |
|---|---|---|---|---|---|---|
1751
RPC Inc
RES
$1.4B
| $3.29M | ﹤0.01% |
267,800
+31,200
| +13% | +$480K |
|
|
COHR
1752
DELISTED
Coherent Inc
COHR
| $3.29M | ﹤0.01% |
58,900
| – | – |
|
|
OWW
1753
DELISTED
ORBITZ WORLDWIDE, INC
OWW
| $3.29M | ﹤0.01% |
333,600
+8,900
| +3% | +$71.2K |
|
1754
StealthGas
GASS
$322M
| $3.27M | ﹤0.01% |
579,100
+96,703
| +20% | +$711K |
|
1755
Insulet
PODD
$10B
| $3.27M | ﹤0.01% |
104,486
-28,929
| -22% | -$1.24M |
|
1756
Team
TISI
$104M
| $3.27M | ﹤0.01% |
8,440
-1,300
| -13% | -$521K |
|
|
MDR
1757
DELISTED
McDermott International
MDR
| $3.27M | ﹤0.01% |
473,833
+156,866
| +49% | +$1.76M |
|
|
TOWR
1758
DELISTED
Tower International, Inc.
TOWR
| $3.26M | ﹤0.01% |
141,700
+25,000
| +21% | +$602K |
|
|
HT
1759
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $3.25M | ﹤0.01% |
119,324
-725
| -0.6% | -$20.5K |
|
1760
National CineMedia
NCMI
$355M
| $3.25M | ﹤0.01% |
21,902
-6,029
| -22% | -$865K |
|
1761
Rithm Capital
RITM
$5.72B
| $3.25M | ﹤0.01% |
250,950
| – | – |
|
1762
LCI Industries
LCII
$2.61B
| $3.25M | ﹤0.01% |
64,100
| – | – |
|
1763
Evertec
EVTC
$1.76B
| $3.25M | ﹤0.01% |
160,500
| – | – |
|
|
NEWP
1764
DELISTED
NEWPORT CORP
NEWP
| $3.24M | ﹤0.01% |
169,700
-93,280
| -35% | -$1.68M |
|
|
ADAM
1765
Adamas Trust
ADAM
$919M
| $3.24M | ﹤0.01% |
102,325
+5,600
| +6% | +$175K |
|
|
LNCO
1766
DELISTED
LINNCO LLC COM SHS REPSTG LTD LIABILITY
LNCO
| $3.23M | ﹤0.01% |
312,248
+15,700
| +5% | +$301K |
|
|
CNSL
1767
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $3.23M | ﹤0.01% |
134,092
+48,927
| +57% | +$1.3M |
|
|
BLUE
1768
DELISTED
bluebird bio
BLUE
| $3.21M | ﹤0.01% |
2,545
-735
| -22% | -$491K |
|
|
EXAM
1769
DELISTED
EXAMWORKS GROUP INC COM STK (DE)
EXAM
| $3.21M | ﹤0.01% |
77,815
+12,415
| +19% | +$474K |
|
1770
UNIFI
UFI
$129M
| $3.21M | ﹤0.01% |
99,500
-20,600
| -17% | -$570K |
|
1771
TC Energy
TRP
$66.3B
| $3.2M | ﹤0.01% |
71,024
+13,100
| +23% | +$635K |
|
|
DRYS
1772
DELISTED
DryShips Inc. Common Stock
DRYS
| – | – |
0
| – | – |
|
|
QIWI
1773
DELISTED
QIWI PLC
QIWI
| $3.2M | ﹤0.01% |
155,391
+53,127
| +52% | +$1.44M |
|
|
ANDX
1774
DELISTED
Andeavor Logistics LP
ANDX
| $3.2M | ﹤0.01% |
58,000
-7,100
| -11% | -$413K |
|
|
LOCK
1775
DELISTED
LifeLock, Inc.
LOCK
| $3.2M | ﹤0.01% |
213,700
+2,200
| +1% | +$36.3K |
|
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.