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 |
Apollo Global Management
APO
|
+$733M |
| 2 |
Verizon
VZ
|
+$194M |
| 3 |
EOG Resources
EOG
|
+$189M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$55.3M |
| 5 |
Perrigo
PRGO
|
+$48.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$52.7M |
| 2 |
LIFE
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
|
+$35.3M |
| 3 |
Vodafone
VOD
|
+$33.7M |
| 4 |
Voya Financial
VOYA
|
+$30.5M |
| 5 |
Walmart Inc
WMT
|
+$26.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.28% |
| 2 | Technology | 13.7% |
| 3 | Healthcare | 12.53% |
| 4 | Industrials | 11.17% |
| 5 | Energy | 9.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1851
Simpson Manufacturing
SSD
$8.19B
| $2.84M | ﹤0.01% |
85,200
-20,060
| -19% | -$688K |
|
|
PTRY
1852
DELISTED
PANTRY INC (THE)
PTRY
| $2.84M | ﹤0.01% |
176,500
-27,400
| -13% | -$414K |
|
1853
Cavco Industries
CVCO
$4.57B
| $2.84M | ﹤0.01% |
36,600
+6,100
| +20% | +$464K |
|
|
PBY
1854
DELISTED
PEP BOYS MANNY MOE& JACK
PBY
| $2.83M | ﹤0.01% |
228,400
-54,500
| -19% | -$675K |
|
|
KEM
1855
DELISTED
KEMET Corporation
KEM
| $2.83M | ﹤0.01% |
500,166
-34,200
| -6% | -$195K |
|
|
HT
1856
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $2.83M | ﹤0.01% |
123,102
+19,113
| +18% | +$426K |
|
|
PNX
1857
DELISTED
PHOENIX COMPANIES INC. NEW
PNX
| $2.82M | ﹤0.01% |
59,705
-4,300
| -7% | -$218K |
|
|
LTC
1858
LTC Properties
LTC
$2.05B
| $2.82M | ﹤0.01% |
73,699
-14,705
| -17% | -$545K |
|
|
ARIA
1859
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $2.82M | ﹤0.01% |
385,800
| – | – |
|
1860
Orthofix Medical
OFIX
$420M
| $2.81M | ﹤0.01% |
86,700
+4,300
| +5% | +$99.1K |
|
|
CKP
1861
DELISTED
CHECKPOINT SYSTEMS INC
CKP
| $2.8M | ﹤0.01% |
221,500
-29,400
| -12% | -$409K |
|
|
GLUU
1862
DELISTED
Glu Mobile Inc.
GLUU
| $2.8M | ﹤0.01% |
657,788
+387,187
| +143% | +$1.79M |
|
1863
First Merchants
FRME
$2.69B
| $2.8M | ﹤0.01% |
128,039
-28,400
| -18% | -$602K |
|
|
AVH
1864
DELISTED
AVIANCA HOLDINGS S.A.
AVH
| $2.79M | ﹤0.01% |
163,105
+63,105
| +63% | +$1.04M |
|
|
INVN
1865
DELISTED
Invensense Inc
INVN
| $2.79M | ﹤0.01% |
132,720
+4,573
| +4% | +$95.7K |
|
|
MDAS
1866
DELISTED
MEDASSETS INC COM STK (DE)
MDAS
| $2.79M | ﹤0.01% |
116,601
-13,157
| -10% | -$296K |
|
|
MNI
1867
DELISTED
The McClatchy Company Class A Common Stock
MNI
| $2.78M | ﹤0.01% |
43,904
-11,060
| -20% | -$564K |
|
1868
iShares US Real Estate ETF
IYR
$4.48B
| $2.77M | ﹤0.01% |
+40,399
| New | +$2.68M |
|
1869
Credit Acceptance
CACC
$5.94B
| $2.77M | ﹤0.01% |
20,197
+200
| +1% | +$27.2K |
|
|
NPKI
1870
NPK International
NPKI
$1.18B
| $2.77M | ﹤0.01% |
242,500
| – | – |
|
1871
Tennant Co
TNC
$1.13B
| $2.76M | ﹤0.01% |
43,225
-2,600
| -6% | -$167K |
|
|
HOS
1872
DELISTED
Hornbeck Offshore Services, Inc.
HOS
| $2.76M | ﹤0.01% |
70,400
-100
| -0.1% | -$4.27K |
|
|
NSH
1873
DELISTED
NuStar GP Holdings LLC
NSH
| $2.76M | ﹤0.01% |
80,900
+1,100
| +1% | +$33.5K |
|
1874
Innospec
IOSP
$2.31B
| $2.75M | ﹤0.01% |
61,202
-18,700
| -23% | -$824K |
|
1875
8x8 Inc
EGHT
$309M
| $2.74M | ﹤0.01% |
250,000
-2,200
| -0.9% | -$23.1K |
|
Similar funds
California Public Employees Retirement System's Q1 2014 Portfolio in Review
As of Q1 2014, California Public Employees Retirement System held 4,098 positions worth $70B, up 1.4% from $69B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
California Public Employees Retirement System's Q1 2014 filing shows 121 new, 1,404 increased, 1,294 reduced and 336 closed positions. Its largest new stake was Perrigo: 310,076 shares worth $46M. The largest sale was State Street SPDR S&P Emerging Markets Small Cap ETF, an estimated $52.7M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 16% a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System's largest Q1 2014 buy was Perrigo: 310,076 shares worth $46M.
- California Public Employees Retirement System added most to Apollo Global Management in Q1 2014, an estimated $733M increase.
- California Public Employees Retirement System's biggest Q1 2014 reduction was State Street SPDR S&P Emerging Markets Small Cap ETF, cutting an estimated $52.7M.
- California Public Employees Retirement System fully exited LIFE TECHNOLOGIES CORP COM STK (DE) in Q1 2014, selling an estimated $35.3M.
- California Public Employees Retirement System's ten largest holdings make up 13% of its $70B portfolio in Q1 2014.
- California Public Employees Retirement System opened 121 new positions and closed 336 in Q1 2014.
- California Public Employees Retirement System's portfolio value rose 1.4% quarter-over-quarter to $70B.
Based on California Public Employees Retirement System's 13F filing for Q1 2014, filed 18 Apr 2014.