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 |
Apple
AAPL
|
+$191M |
| 2 |
ExxonMobil
XOM
|
+$166M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$143M |
| 4 |
Microsoft
MSFT
|
+$139M |
| 5 |
Wells Fargo
WFC
|
+$123M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DELL
DELL INC
DELL
|
+$68M |
| 2 |
Melco Resorts & Entertainment
MLCO
|
+$45.3M |
| 3 |
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$32.5M |
| 4 |
NYX
NYSE EURONEXT INC
NYX
|
+$31.4M |
| 5 |
Perrigo
PRGO
|
+$28.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.93% |
| 2 | Technology | 13.51% |
| 3 | Healthcare | 12.03% |
| 4 | Industrials | 11.52% |
| 5 | Energy | 9.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1776
Modine Manufacturing
MOD
$10.5B
| $3.12M | ﹤0.01% |
246,000
-40,427
| -14% | -$542K |
|
|
AAMC
1777
DELISTED
Altisource Asset Management Corp
AAMC
| $3.12M | ﹤0.01% |
5,727
| – | – |
|
1778
Mercer International
MERC
$33.5M
| $3.11M | ﹤0.01% |
313,800
+46,800
| +18% | +$418K |
|
|
TBHC
1779
DELISTED
The Brand House Collective
TBHC
| $3.11M | ﹤0.01% |
123,330
-14,970
| -11% | -$314K |
|
|
ARO
1780
DELISTED
Aeropostale Inc
ARO
| $3.11M | ﹤0.01% |
343,510
+32,361
| +10% | +$296K |
|
|
KEG
1781
DELISTED
KEY ENERGY SERVICES INC
KEG
| $3.11M | ﹤0.01% |
398,800
+34,130
| +9% | +$266K |
|
|
KEM
1782
DELISTED
KEMET Corporation
KEM
| $3.1M | ﹤0.01% |
534,366
-1,600
| -0.3% | -$8.86K |
|
|
TXI
1783
DELISTED
TEXAS INDUSTRIES INC
TXI
| $3.1M | ﹤0.01% |
45,000
+736
| +2% | +$43.3K |
|
|
BBOX
1784
DELISTED
Black Box Corp
BBOX
| $3.1M | ﹤0.01% |
104,827
+10,889
| +12% | +$303K |
|
1785
Northwest Natural Holdings
NWN
$2.12B
| $3.1M | ﹤0.01% |
72,100
+5,737
| +9% | +$244K |
|
|
ACO
1786
DELISTED
AMCOL International Corp
ACO
| $3.09M | ﹤0.01% |
91,700
-618
| -0.7% | -$19.8K |
|
|
USAP
1787
DELISTED
Universal Stainless & Alloy
USAP
| $3.09M | ﹤0.01% |
84,700
-324
| -0.4% | -$10.9K |
|
|
TGP
1788
DELISTED
Teekay LNG Partners L.P.
TGP
| $3.09M | ﹤0.01% |
72,800
+3,600
| +5% | +$148K |
|
1789
McGrath RentCorp
MGRC
$2.95B
| $3.09M | ﹤0.01% |
77,800
-102
| -0.1% | -$3.77K |
|
1790
Mercury Insurance
MCY
$5.86B
| $3.08M | ﹤0.01% |
61,958
+391
| +0.6% | +$18.9K |
|
|
TOO
1791
DELISTED
Teekay Offshore Partners L.P.
TOO
| $3.08M | ﹤0.01% |
95,700
+1,900
| +2% | +$62.1K |
|
|
MTL
1792
DELISTED
Mechel PAO American Depository Shares, each representing two ordinary shares (ADSs)
MTL
| $3.08M | ﹤0.01% |
+620,772
| New | +$3.41M |
|
|
DMC
1793
Del Monte Corp
DMC
$1.45B
| $3.08M | ﹤0.01% |
108,200
+1,404
| +1% | +$39.6K |
|
|
WIRE
1794
DELISTED
Encore Wire Corp
WIRE
| $3.07M | ﹤0.01% |
56,600
-4,789
| -8% | -$226K |
|
|
ATCO
1795
DELISTED
Atlas Corp.
ATCO
| $3.07M | ﹤0.01% |
134,300
+82,100
| +157% | +$1.83M |
|
1796
AMERISAFE
AMSF
$519M
| $3.05M | ﹤0.01% |
71,589
+3,613
| +5% | +$144K |
|
|
PACR
1797
DELISTED
PACER INTL INC TENN
PACR
| $3.05M | ﹤0.01% |
365,900
-102,095
| -22% | -$792K |
|
|
BPFH
1798
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $3.04M | ﹤0.01% |
245,000
+2,066
| +0.9% | +$24K |
|
1799
Matrix Service
MTRX
$330M
| $3.04M | ﹤0.01% |
125,610
+48,482
| +63% | +$1.03M |
|
1800
B&G Foods
BGS
$277M
| $3.04M | ﹤0.01% |
88,905
+880
| +1% | +$30.2K |
|
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California Public Employees Retirement System's Q4 2013 Portfolio in Review
As of Q4 2013, California Public Employees Retirement System held 4,184 positions worth $69B, up 28% from $54B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
California Public Employees Retirement System deployed $9.68B of net new capital in Q4 2013, opening 203 new positions and adding to 1,884 existing holdings. Its largest new stake was Vodafone: 1,609,157 shares worth $64.1M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 15% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Melco Resorts & Entertainment, an estimated $45.3M trimmed.
- California Public Employees Retirement System's largest Q4 2013 buy was Vodafone: 1,609,157 shares worth $64.1M.
- California Public Employees Retirement System added most to Apple in Q4 2013, an estimated $191M increase.
- California Public Employees Retirement System's biggest Q4 2013 reduction was Melco Resorts & Entertainment, cutting an estimated $45.3M.
- California Public Employees Retirement System fully exited DELL INC in Q4 2013, selling an estimated $68M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $69B portfolio in Q4 2013.
- California Public Employees Retirement System opened 203 new positions and closed 206 in Q4 2013.
- California Public Employees Retirement System's portfolio value rose 28% quarter-over-quarter to $69B.
Based on California Public Employees Retirement System's 13F filing for Q4 2013, filed 11 Feb 2014.