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 | |
|---|---|---|---|---|---|---|
1876
Biglari Holdings Class B
BH
$1.2B
| $2.73M | ﹤0.01% |
9,607
-663
| -6% | -$191K |
|
|
RICE
1877
DELISTED
Rice Energy Inc.
RICE
| $2.72M | ﹤0.01% |
+97,200
| New | +$2.37M |
|
1878
TC Energy
TRP
$66.3B
| $2.72M | ﹤0.01% |
57,924
+10,598
| +22% | +$470K |
|
1879
Sarepta Therapeutics
SRPT
$1.92B
| $2.7M | ﹤0.01% |
108,600
| – | – |
|
|
SFR
1880
DELISTED
Starwood Waypoint Homes
SFR
| $2.7M | ﹤0.01% |
+96,360
| New | +$2.72M |
|
1881
Ethan Allen Interiors
ETD
$602M
| $2.69M | ﹤0.01% |
109,536
-9,905
| -8% | -$255K |
|
|
RSH
1882
DELISTED
RADIOSHACK CORP
RSH
| $2.69M | ﹤0.01% |
1,234,600
-542,500
| -31% | -$1.28M |
|
1883
Federal Signal
FSS
$7.86B
| $2.69M | ﹤0.01% |
177,500
-42,600
| -19% | -$579K |
|
|
EVRI
1884
DELISTED
Everi Holdings
EVRI
| $2.68M | ﹤0.01% |
382,957
+30,300
| +9% | +$258K |
|
|
EGL
1885
DELISTED
Engility Holdings, Inc.
EGL
| $2.67M | ﹤0.01% |
60,250
+14,600
| +32% | +$600K |
|
|
LTXB
1886
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $2.67M | ﹤0.01% |
95,034
+49,334
| +108% | +$1.28M |
|
1887
MKS Inc
MKSI
$19.9B
| $2.67M | ﹤0.01% |
92,700
+3,100
| +3% | +$93K |
|
|
SBR
1888
Sabine Royalty Trust
SBR
$1.06B
| $2.67M | ﹤0.01% |
52,107
+12,589
| +32% | +$633K |
|
1889
Boston Beer
SAM
$1.85B
| $2.67M | ﹤0.01% |
11,260
-11,540
| -51% | -$2.63M |
|
1890
Interface
TILE
$2.24B
| $2.67M | ﹤0.01% |
138,500
-1,300
| -0.9% | -$26.5K |
|
1891
XPO
XPO
$23.8B
| $2.67M | ﹤0.01% |
282,478
+87,598
| +45% | +$874K |
|
|
RUTH
1892
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $2.66M | ﹤0.01% |
226,477
-13,841
| -6% | -$175K |
|
1893
Saia
SAIA
$9.52B
| $2.66M | ﹤0.01% |
73,055
+100
| +0.1% | +$3.45K |
|
1894
ICU Medical
ICUI
$4.55B
| $2.66M | ﹤0.01% |
44,548
+1,990
| +5% | +$123K |
|
1895
Independent Bank
INDB
$4.02B
| $2.66M | ﹤0.01% |
67,151
+16,200
| +32% | +$606K |
|
|
PINC
1896
DELISTED
Premier
PINC
| $2.66M | ﹤0.01% |
83,900
| – | – |
|
|
SASR
1897
DELISTED
Sandy Spring Bancorp Inc
SASR
| $2.66M | ﹤0.01% |
109,100
+13,500
| +14% | +$340K |
|
1898
E.W. Scripps
SSP
$307M
| $2.65M | ﹤0.01% |
180,973
-27,949
| -13% | -$462K |
|
1899
NBT Bancorp
NBTB
$2.75B
| $2.65M | ﹤0.01% |
108,391
-14,600
| -12% | -$353K |
|
|
MASI
1900
DELISTED
Masimo
MASI
| $2.64M | ﹤0.01% |
99,692
+1,600
| +2% | +$45.6K |
|
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.