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 | |
|---|---|---|---|---|---|---|
1876
MannKind Corp
MNKD
$1.23B
| $2.69M | ﹤0.01% |
101,700
-1,214
| -1% | -$30.9K |
|
1877
Gentherm
THRM
$1.27B
| $2.69M | ﹤0.01% |
105,700
+137
| +0.1% | +$3.14K |
|
|
AMCC
1878
DELISTED
Applied Micro Circuits Corporation New
AMCC
| $2.69M | ﹤0.01% |
209,910
+63,773
| +44% | +$788K |
|
1879
SPS Commerce
SPSC
$2.7B
| $2.69M | ﹤0.01% |
77,838
+24,238
| +45% | +$824K |
|
|
ARTC
1880
DELISTED
ARTHROCARE CORP
ARTC
| $2.67M | ﹤0.01% |
66,800
-500
| -0.7% | -$18.5K |
|
1881
Opko Health
OPK
$1.04B
| $2.67M | ﹤0.01% |
303,461
-4,978
| -2% | -$50.3K |
|
|
UAM
1882
DELISTED
Universal American Corp
UAM
| $2.67M | ﹤0.01% |
354,700
+3,962
| +1% | +$29.6K |
|
1883
MKS Inc
MKSI
$19.9B
| $2.66M | ﹤0.01% |
89,600
+2,146
| +2% | +$62.4K |
|
|
IRC
1884
DELISTED
INLAND REAL ESTATE CORP
IRC
| $2.66M | ﹤0.01% |
247,494
+1,274
| +0.5% | +$13.4K |
|
|
KERX
1885
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $2.66M | ﹤0.01% |
202,600
-3,600
| -2% | -$43K |
|
1886
First Financial Bancorp
FFBC
$3.57B
| $2.65M | ﹤0.01% |
150,650
+48,737
| +48% | +$780K |
|
|
RTEC
1887
DELISTED
Rudolph Technologies Inc
RTEC
| $2.64M | ﹤0.01% |
224,300
-1,415
| -0.6% | -$15.4K |
|
1888
8x8 Inc
EGHT
$309M
| $2.64M | ﹤0.01% |
252,200
-6,400
| -2% | -$65.4K |
|
1889
Sabesp
SBS
$17.7B
| $2.63M | ﹤0.01% |
+1,213,098
| New | +$2.5M |
|
|
WPP
1890
DELISTED
WAUSAU PAPER CORP.
WPP
| $2.63M | ﹤0.01% |
205,000
-8,025
| -4% | -$98.7K |
|
|
VIVO
1891
DELISTED
Meridian Bioscience Inc
VIVO
| $2.63M | ﹤0.01% |
100,300
-714
| -0.7% | -$17.5K |
|
|
CTCM
1892
DELISTED
CTC MEDIA INC COM STK
CTCM
| $2.62M | ﹤0.01% |
196,700
+59,500
| +43% | +$736K |
|
|
CIVI
1893
DELISTED
Civitas Resources
CIVI
| $2.62M | ﹤0.01% |
528
+78
| +17% | +$418K |
|
|
ECHO
1894
DELISTED
Echo Global Logistics, Inc.
ECHO
| $2.62M | ﹤0.01% |
123,127
+46,935
| +62% | +$943K |
|
|
ISSI
1895
DELISTED
INTEGRATED SILICON SOLUTN INC
ISSI
| $2.61M | ﹤0.01% |
216,090
+4,690
| +2% | +$53.9K |
|
1896
Repligen
RGEN
$9.3B
| $2.61M | ﹤0.01% |
202,343
+49,743
| +33% | +$594K |
|
|
ORBK
1897
DELISTED
Orbotech Ltd
ORBK
| $2.6M | ﹤0.01% |
193,000
-200
| -0.1% | -$2.55K |
|
1898
Ligand Pharmaceuticals
LGND
$5.76B
| $2.6M | ﹤0.01% |
76,463
+75,174
| +5,832% | +$2.45M |
|
|
MDAS
1899
DELISTED
MEDASSETS INC COM STK (DE)
MDAS
| $2.59M | ﹤0.01% |
129,758
+49,778
| +62% | +$1.12M |
|
|
IPCC
1900
DELISTED
Infinity Property & Casualty C
IPCC
| $2.58M | ﹤0.01% |
37,800
+630
| +2% | +$43.1K |
|
Similar funds
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.