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 |
Kinder Morgan
KMI
|
+$106M |
| 2 |
Enterprise Products Partners
EPD
|
+$55.4M |
| 3 |
Teva Pharmaceuticals
TEVA
|
+$38.8M |
| 4 |
Alibaba
BABA
|
+$36.5M |
| 5 |
Annaly Capital Management
NLY
|
+$29.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$206M |
| 2 |
Medtronic
MDT
|
+$167M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$114M |
| 4 |
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$79.5M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$75.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.52% |
| 2 | Technology | 14.08% |
| 3 | Healthcare | 13.54% |
| 4 | Industrials | 11.04% |
| 5 | Consumer Discretionary | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1951
Enova International
ENVA
$6.4B
| $2.5M | ﹤0.01% |
+125,738
| New | +$2.86M |
|
|
SRCI
1952
DELISTED
SRC Energy Inc
SRCI
| $2.5M | ﹤0.01% |
209,402
+5,364
| +3% | +$60.7K |
|
|
ATCO
1953
DELISTED
Atlas Corp.
ATCO
| $2.5M | ﹤0.01% |
137,100
| – | – |
|
1954
ICU Medical
ICUI
$4.55B
| $2.5M | ﹤0.01% |
28,700
-8,449
| -23% | -$648K |
|
|
GHDX
1955
DELISTED
Genomic Health, Inc.
GHDX
| $2.5M | ﹤0.01% |
77,223
| – | – |
|
1956
Aegon
AEG
$13.9B
| $2.5M | ﹤0.01% |
509,583
+132,920
| +35% | +$717K |
|
1957
Lattice Semiconductor
LSCC
$17.9B
| $2.5M | ﹤0.01% |
342,300
-119,123
| -26% | -$782K |
|
1958
Green Dot
GDOT
$764M
| $2.49M | ﹤0.01% |
125,905
+63,205
| +101% | +$1.38M |
|
|
ATSG
1959
DELISTED
Air Transport Services Group
ATSG
| $2.49M | ﹤0.01% |
286,364
+6,100
| +2% | +$48.6K |
|
|
CAA
1960
DELISTED
CalAtlantic Group, Inc.
CAA
| $2.49M | ﹤0.01% |
71,420
| – | – |
|
|
ARIA
1961
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $2.49M | ﹤0.01% |
385,800
| – | – |
|
1962
Pegasystems
PEGA
$5.44B
| $2.49M | ﹤0.01% |
245,600
-45,524
| -16% | -$466K |
|
|
GTY
1963
Getty Realty Corp
GTY
$2B
| $2.49M | ﹤0.01% |
132,671
+3,140
| +2% | +$55.8K |
|
|
RLD
1964
DELISTED
REALD INC COM STK
RLD
| $2.49M | ﹤0.01% |
222,600
+85,000
| +62% | +$960K |
|
|
ARRY
1965
DELISTED
Array Biopharma Inc
ARRY
| $2.49M | ﹤0.01% |
325,500
| – | – |
|
|
IVC
1966
DELISTED
Invacare Corporation
IVC
| $2.48M | ﹤0.01% |
169,528
+31,400
| +23% | +$477K |
|
|
IQNT
1967
DELISTED
Inteliquent, Inc.
IQNT
| $2.48M | ﹤0.01% |
141,928
| – | – |
|
1968
Constellium
CSTM
$4.05B
| $2.48M | ﹤0.01% |
139,600
+51,400
| +58% | +$957K |
|
1969
Plug Power
PLUG
$3.1B
| $2.48M | ﹤0.01% |
778,800
+244,300
| +46% | +$973K |
|
|
NCI
1970
DELISTED
Navigant Consulting, Inc.
NCI
| $2.48M | ﹤0.01% |
168,810
-3,600
| -2% | -$52.2K |
|
|
CCEC
1971
Capital Clean Energy Carriers
CCEC
$1.35B
| $2.47M | ﹤0.01% |
40,434
+9,886
| +32% | +$579K |
|
|
CJES
1972
DELISTED
C&J ENERGY SVCS LTD
CJES
| $2.47M | ﹤0.01% |
214,800
+128,272
| +148% | +$2.29M |
|
|
TBHC
1973
DELISTED
The Brand House Collective
TBHC
| $2.47M | ﹤0.01% |
106,300
+28,500
| +37% | +$556K |
|
|
DCOM
1974
DELISTED
Dime Community Bancshares
DCOM
| $2.46M | ﹤0.01% |
161,119
+4,000
| +3% | +$61K |
|
|
CSH
1975
DELISTED
CASH AMERICA INTERNATIONAL INC
CSH
| $2.46M | ﹤0.01% |
116,237
-137,745
| -54% | -$3M |
|
Similar funds
California Public Employees Retirement System's Q4 2014 Portfolio in Review
As of Q4 2014, California Public Employees Retirement System held 3,925 positions worth $72.4B, up 0.09% from $72.4B the previous quarter. Its ten largest holdings account for 13% of the portfolio.
California Public Employees Retirement System's Q4 2014 filing shows 151 new, 1,429 increased, 1,034 reduced and 114 closed positions. Its largest new stake was Dorian LPG: 1,258,100 shares worth $14.9M. The largest sale was Apple, an estimated $206M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, down from 16% a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System's largest Q4 2014 buy was Dorian LPG: 1,258,100 shares worth $14.9M.
- California Public Employees Retirement System added most to Kinder Morgan in Q4 2014, an estimated $106M increase.
- California Public Employees Retirement System's biggest Q4 2014 reduction was Apple, cutting an estimated $206M.
- California Public Employees Retirement System fully exited Medtronic in Q4 2014, selling an estimated $167M.
- California Public Employees Retirement System's ten largest holdings make up 13% of its $72.4B portfolio in Q4 2014.
- California Public Employees Retirement System opened 151 new positions and closed 114 in Q4 2014.
- California Public Employees Retirement System's portfolio value rose 0.09% quarter-over-quarter to $72.4B.
Based on California Public Employees Retirement System's 13F filing for Q4 2014, filed 9 Feb 2015.