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 | |
|---|---|---|---|---|---|---|
1951
Diodes
DIOD
$4.9B
| $2.44M | ﹤0.01% |
89,700
+13,700
| +18% | +$329K |
|
1952
First Commonwealth Financial
FCF
$2.19B
| $2.44M | ﹤0.01% |
274,676
-33,900
| -11% | -$289K |
|
1953
Churchill Downs
CHDN
$6.09B
| $2.44M | ﹤0.01% |
168,426
+8,400
| +5% | +$129K |
|
|
EBIX
1954
DELISTED
Ebix Inc
EBIX
| $2.44M | ﹤0.01% |
145,969
| – | – |
|
|
RTEC
1955
DELISTED
Rudolph Technologies Inc
RTEC
| $2.43M | ﹤0.01% |
224,300
| – | – |
|
1956
NETGEAR
NTGR
$650M
| $2.43M | ﹤0.01% |
72,700
+2,700
| +4% | +$90.4K |
|
|
DVR
1957
DELISTED
CAL DIVE INTERNATIONAL INC COM
DVR
| $2.42M | ﹤0.01% |
1,418,150
-5,100
| -0.4% | -$9.04K |
|
|
RSO
1958
DELISTED
Resource Capital Corp.
RSO
| $2.42M | ﹤0.01% |
109,200
+29,550
| +37% | +$695K |
|
|
WIBC
1959
DELISTED
WILSHIRE BANCORP INC
WIBC
| $2.42M | ﹤0.01% |
222,784
| – | – |
|
|
CCC
1960
DELISTED
Calgon Carbon Corp
CCC
| $2.42M | ﹤0.01% |
113,000
+2,300
| +2% | +$47K |
|
|
ENV
1961
DELISTED
ENVESTNET, INC.
ENV
| $2.42M | ﹤0.01% |
64,920
+19,870
| +44% | +$852K |
|
|
HITK
1962
DELISTED
HI-TECH PHARMACAL INC
HITK
| $2.41M | ﹤0.01% |
55,700
-3,200
| -5% | -$139K |
|
1963
TFS Financial
TFSL
$4.89B
| $2.41M | ﹤0.01% |
186,100
+5,900
| +3% | +$70.1K |
|
|
IQNT
1964
DELISTED
Inteliquent, Inc.
IQNT
| $2.41M | ﹤0.01% |
173,828
-99,600
| -36% | -$1.24M |
|
|
FPO
1965
DELISTED
First Potomac Realty Trust
FPO
| $2.41M | ﹤0.01% |
186,862
+57,130
| +44% | +$722K |
|
|
ESC
1966
DELISTED
EMERITUS CORP
ESC
| $2.4M | ﹤0.01% |
78,700
-40,905
| -34% | -$1.06M |
|
|
JASO
1967
DELISTED
JA Solar Holdings, Co., Ltd
JASO
| $2.4M | ﹤0.01% |
236,759
-114,800
| -33% | -$1.16M |
|
|
SGMO
1968
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $2.39M | ﹤0.01% |
153,793
+14,293
| +10% | +$275K |
|
|
ISCA
1969
DELISTED
International Speedway Corp
ISCA
| $2.38M | ﹤0.01% |
73,500
+2,600
| +4% | +$87.8K |
|
|
CJES
1970
DELISTED
C&J ENERGY SVCS LTD
CJES
| $2.38M | ﹤0.01% |
83,303
+28,203
| +51% | +$696K |
|
|
OREX
1971
DELISTED
Orexigen Therapeutics, Inc.
OREX
| $2.38M | ﹤0.01% |
41,565
+4,905
| +13% | +$332K |
|
1972
Simmons First National
SFNC
$3.45B
| $2.37M | ﹤0.01% |
126,280
-11,200
| -8% | -$202K |
|
|
ECHO
1973
DELISTED
Echo Global Logistics, Inc.
ECHO
| $2.37M | ﹤0.01% |
137,187
+14,060
| +11% | +$258K |
|
|
UAM
1974
DELISTED
Universal American Corp
UAM
| $2.37M | ﹤0.01% |
326,400
-28,300
| -8% | -$201K |
|
|
MHR
1975
DELISTED
MAGNUM HUNTER RESOURCES CORP (DEL)
MHR
| $2.36M | ﹤0.01% |
268,500
| – | – |
|
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.