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 | |
|---|---|---|---|---|---|---|
1826
Orthofix Medical
OFIX
$420M
| $2.95M | ﹤0.01% |
93,800
-300
| -0.3% | -$8.79K |
|
|
RAS
1827
DELISTED
RAIT Financial Trust
RAS
| $2.95M | ﹤0.01% |
408,000
+20,300
| +5% | +$150K |
|
|
GTLS
1828
DELISTED
Chart Industries
GTLS
| $2.95M | ﹤0.01% |
99,700
+11,900
| +14% | +$497K |
|
|
BECN
1829
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $2.95M | ﹤0.01% |
122,800
-20,280
| -14% | -$551K |
|
|
ISLE
1830
DELISTED
Isle of Capri Casinos Inc
ISLE
| $2.94M | ﹤0.01% |
272,000
+27,200
| +11% | +$200K |
|
|
ENLC
1831
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $2.93M | ﹤0.01% |
86,700
-10,600
| -11% | -$381K |
|
|
MWW
1832
DELISTED
Monster Worldwide Inc
MWW
| $2.92M | ﹤0.01% |
693,596
+77,200
| +13% | +$340K |
|
1833
Universal Insurance Holdings
UVE
$1.19B
| $2.92M | ﹤0.01% |
123,600
+1,300
| +1% | +$22.7K |
|
|
VG
1834
DELISTED
Vonage Holdings Corporation
VG
| $2.91M | ﹤0.01% |
654,300
+47,800
| +8% | +$165K |
|
|
WEB
1835
DELISTED
Web.com Group, Inc.
WEB
| $2.9M | ﹤0.01% |
176,000
+4,800
| +3% | +$87.6K |
|
1836
St. Joe Company
JOE
$3.89B
| $2.9M | ﹤0.01% |
177,100
| – | – |
|
|
CZZ
1837
DELISTED
Cosan Limited
CZZ
| $2.9M | ﹤0.01% |
387,600
-4,100
| -1% | -$37.7K |
|
1838
Innospec
IOSP
$2.31B
| $2.9M | ﹤0.01% |
70,602
+4,100
| +6% | +$168K |
|
1839
Comtech Telecommunications
CMTL
$51.8M
| $2.9M | ﹤0.01% |
85,995
-10,700
| -11% | -$390K |
|
1840
Innoviva
INVA
$1.5B
| $2.89M | ﹤0.01% |
252,100
+79,300
| +46% | +$1.19M |
|
|
CZR
1841
DELISTED
Caesars Entertainment Corporation
CZR
| $2.89M | ﹤0.01% |
247,800
+20,300
| +9% | +$272K |
|
|
PAMT
1842
PAMT Corp
PAMT
$281M
| $2.89M | ﹤0.01% |
184,800
| – | – |
|
1843
First Commonwealth Financial
FCF
$2.18B
| $2.88M | ﹤0.01% |
338,176
+67,300
| +25% | +$605K |
|
1844
Globus Medical
GMED
$11.4B
| $2.88M | ﹤0.01% |
116,547
+4,097
| +4% | +$90.7K |
|
1845
Liberty Broadband Class A
LBRDA
$5.33B
| $2.87M | ﹤0.01% |
+60,880
| New | +$3.01M |
|
|
TBRG
1846
DELISTED
TruBridge
TBRG
| $2.86M | ﹤0.01% |
49,300
-6,030
| -11% | -$366K |
|
|
BPFH
1847
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $2.86M | ﹤0.01% |
258,489
+17,289
| +7% | +$222K |
|
|
NSH
1848
DELISTED
NuStar GP Holdings LLC
NSH
| $2.86M | ﹤0.01% |
82,100
-3,200
| -4% | -$118K |
|
|
BEL
1849
DELISTED
Belmond Ltd.
BEL
| $2.86M | ﹤0.01% |
264,800
| – | – |
|
1850
Federal Signal
FSS
$7.86B
| $2.86M | ﹤0.01% |
180,300
+3,300
| +2% | +$47.7K |
|
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.