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 | |
|---|---|---|---|---|---|---|
1801
Ubiquiti
UI
$34.7B
| $3.07M | ﹤0.01% |
110,900
+98,200
| +773% | +$3.13M |
|
|
LDL
1802
DELISTED
Lydall, Inc.
LDL
| $3.07M | ﹤0.01% |
106,300
+7,800
| +8% | +$225K |
|
|
INVN
1803
DELISTED
Invensense Inc
INVN
| $3.07M | ﹤0.01% |
205,400
+87,076
| +74% | +$1.46M |
|
1804
Biglari Holdings Class B
BH
$1.2B
| $3.06M | ﹤0.01% |
10,700
+393
| +4% | +$92.6K |
|
|
HNGR
1805
DELISTED
Hanger Inc.
HNGR
| $3.06M | ﹤0.01% |
140,289
+13,600
| +11% | +$295K |
|
|
ABCO
1806
DELISTED
Advisory Board Co
ABCO
| $3.06M | ﹤0.01% |
64,900
-27,813
| -30% | -$1.31M |
|
|
ARNA
1807
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $3.04M | ﹤0.01% |
63,630
| – | – |
|
|
CUB
1808
DELISTED
Cubic Corporation
CUB
| $3.04M | ﹤0.01% |
59,200
-10,800
| -15% | -$531K |
|
|
TCF
1809
DELISTED
TCF Financial Corporation Common Stock
TCF
| $3.02M | ﹤0.01% |
103,900
+5,100
| +5% | +$147K |
|
|
EGL
1810
DELISTED
Engility Holdings, Inc.
EGL
| $3.01M | ﹤0.01% |
72,410
+6,810
| +10% | +$271K |
|
|
PINC
1811
DELISTED
Premier
PINC
| $3.01M | ﹤0.01% |
92,600
+10,000
| +12% | +$326K |
|
|
HOS
1812
DELISTED
Hornbeck Offshore Services, Inc.
HOS
| $3.01M | ﹤0.01% |
132,600
+49,278
| +59% | +$1.36M |
|
|
NPBC
1813
DELISTED
NATL PENN BANCSHARES INC
NPBC
| $3.01M | ﹤0.01% |
299,969
+13,756
| +5% | +$139K |
|
|
SIR
1814
DELISTED
SELECT INCOME REIT
SIR
| $3M | ﹤0.01% |
265,069
+202,020
| +320% | +$2.14M |
|
|
ANK
1815
DELISTED
ATLANTIC TELE-NETWORK,INC
ANK
| $3M | ﹤0.01% |
44,570
+12,370
| +38% | +$832K |
|
|
RSTI
1816
DELISTED
Rofin-Sinar Technologies Inc
RSTI
| $2.99M | ﹤0.01% |
107,900
| – | – |
|
1817
SouthState Bank Corp
SSB
$10.7B
| $2.98M | ﹤0.01% |
49,069
+1,800
| +4% | +$110K |
|
|
SIGM
1818
DELISTED
Sigma Designs Inc
SIGM
| $2.98M | ﹤0.01% |
443,000
+5,000
| +1% | +$22.5K |
|
1819
HUB Group
HUBG
$2.32B
| $2.97M | ﹤0.01% |
170,800
| – | – |
|
1820
ePlus
PLUS
$2.32B
| $2.97M | ﹤0.01% |
172,400
+7,200
| +4% | +$119K |
|
|
CMRX
1821
DELISTED
Chimerix, Inc.
CMRX
| $2.97M | ﹤0.01% |
74,783
+61,355
| +457% | +$2.08M |
|
|
TGP
1822
DELISTED
Teekay LNG Partners L.P.
TGP
| $2.96M | ﹤0.01% |
76,800
| – | – |
|
1823
HealthStream
HSTM
$829M
| $2.96M | ﹤0.01% |
104,700
+22,300
| +27% | +$633K |
|
1824
Credit Acceptance
CACC
$5.94B
| $2.96M | ﹤0.01% |
21,397
+400
| +2% | +$56.5K |
|
1825
Citi Trends
CTRN
$635M
| $2.96M | ﹤0.01% |
123,469
-13,900
| -10% | -$318K |
|
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.