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 | |
|---|---|---|---|---|---|---|
1901
Credit Acceptance
CACC
$5.94B
| $2.58M | ﹤0.01% |
19,997
-157
| -0.8% | -$19.1K |
|
|
OAK
1902
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
| $2.57M | ﹤0.01% |
45,100
| – | – |
|
1903
Pacific Biosciences
PACB
$354M
| $2.56M | ﹤0.01% |
503,600
-1,400
| -0.3% | -$6.43K |
|
1904
Coherent
COHR
$64.3B
| $2.56M | ﹤0.01% |
148,100
+3,756
| +3% | +$64.1K |
|
|
HITK
1905
DELISTED
HI-TECH PHARMACAL INC
HITK
| $2.55M | ﹤0.01% |
58,900
+4,500
| +8% | +$194K |
|
|
CVO
1906
DELISTED
Cenevo, Inc.
CVO
| $2.55M | ﹤0.01% |
92,138
+2,736
| +3% | +$69.7K |
|
|
PNK
1907
DELISTED
Pinnacle Entertainment Inc.
PNK
| $2.54M | ﹤0.01% |
97,956
-29,151
| -23% | -$711K |
|
|
GDP
1908
DELISTED
GOODRICH PETROLEUM CORP(NEW)
GDP
| $2.54M | ﹤0.01% |
154,913
+30,563
| +25% | +$656K |
|
|
FARO
1909
DELISTED
Faro Technologies
FARO
| $2.54M | ﹤0.01% |
42,100
-1
| -0% | -$50 |
|
|
EVER
1910
DELISTED
Everbank Financial Corp
EVER
| $2.54M | ﹤0.01% |
136,700
-3,500
| -2% | -$56.2K |
|
1911
Stepan Co
SCL
$1.48B
| $2.54M | ﹤0.01% |
38,100
+1,034
| +3% | +$63.1K |
|
1912
Simmons First National
SFNC
$3.42B
| $2.54M | ﹤0.01% |
137,480
+63,026
| +85% | +$1.06M |
|
1913
United Fire Group
UFCS
$1.39B
| $2.54M | ﹤0.01% |
85,606
-10,389
| -11% | -$310K |
|
|
ISCA
1914
DELISTED
International Speedway Corp
ISCA
| $2.53M | ﹤0.01% |
70,900
-457
| -0.6% | -$15.3K |
|
1915
Clear Channel Outdoor Holdings
CCO
$1.23B
| $2.53M | ﹤0.01% |
248,820
+70,700
| +40% | +$654K |
|
1916
Universal Insurance Holdings
UVE
$1.19B
| $2.52M | ﹤0.01% |
173,500
+7,100
| +4% | +$68.2K |
|
|
CYNO
1917
DELISTED
Cynosure, Inc. Class A
CYNO
| $2.52M | ﹤0.01% |
95,073
-7,524
| -7% | -$181K |
|
|
ESC
1918
DELISTED
EMERITUS CORP
ESC
| $2.51M | ﹤0.01% |
119,605
+42,268
| +55% | +$865K |
|
|
PSTB
1919
DELISTED
Park Sterling Corp.
PSTB
| $2.51M | ﹤0.01% |
356,104
+142,304
| +67% | +$935K |
|
1920
Daktronics
DAKT
$1.02B
| $2.51M | ﹤0.01% |
164,600
+964
| +0.6% | +$12.8K |
|
1921
Nektar Therapeutics
NKTR
$2.55B
| $2.51M | ﹤0.01% |
14,235
+3,190
| +29% | +$514K |
|
1922
State Street Materials Select Sector SPDR ETF
XLB
$8.72B
| $2.51M | ﹤0.01% |
+109,208
| New | +$2.4M |
|
|
AAWW
1923
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $2.5M | ﹤0.01% |
62,300
-1,201
| -2% | -$49K |
|
|
FRAN
1924
DELISTED
Francesca's Holdings Corporation
FRAN
| $2.5M | ﹤0.01% |
11,444
+4,436
| +63% | +$967K |
|
1925
Ironwood Pharmaceuticals
IRWD
$711M
| $2.49M | ﹤0.01% |
249,904
-4,418
| -2% | -$39.7K |
|
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.