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 | |
|---|---|---|---|---|---|---|
|
UCTT
1976
Ultra Clean Holdings
UCTT
$4.14B
| $2.36M | ﹤0.01% |
189,600
+60,300
| +47% | +$753K |
|
|
GRP.U
1977
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $2.35M | ﹤0.01% |
63,900
| – | – |
|
1978
Nexstar Media Group
NXST
$5.68B
| $2.35M | ﹤0.01% |
63,000
-21,021
| -25% | -$910K |
|
|
GTY
1979
Getty Realty Corp
GTY
$2.02B
| $2.34M | ﹤0.01% |
125,784
+24,002
| +24% | +$446K |
|
|
DLLR
1980
DELISTED
DFC GLOBAL CORP COM STK (DE)
DLLR
| $2.34M | ﹤0.01% |
246,946
+32,500
| +15% | +$289K |
|
1981
Aegon
AEG
$13.9B
| $2.34M | ﹤0.01% |
383,158
-119,014
| -24% | -$727K |
|
|
EOCC
1982
DELISTED
Enel Generacion Chile S.A.
EOCC
| $2.33M | ﹤0.01% |
75,273
-20,230
| -21% | -$575K |
|
|
CBR
1983
DELISTED
CIBER Inc.
CBR
| $2.33M | ﹤0.01% |
533,299
+343
| +0.1% | +$1.49K |
|
1984
Blackbaud
BLKB
$2.01B
| $2.32M | ﹤0.01% |
73,100
+1,100
| +2% | +$37K |
|
|
CSR
1985
Centerspace
CSR
$924M
| $2.32M | ﹤0.01% |
26,183
+6,950
| +36% | +$598K |
|
1986
Globus Medical
GMED
$11.3B
| $2.31M | ﹤0.01% |
93,458
+91,858
| +5,741% | +$2.18M |
|
|
NP
1987
DELISTED
Neenah, Inc. Common Stock
NP
| $2.31M | ﹤0.01% |
44,400
+1,300
| +3% | +$60.4K |
|
1988
Ormat Technologies
ORA
$7.1B
| $2.31M | ﹤0.01% |
79,600
+400
| +0.5% | +$10.8K |
|
|
RTI
1989
DELISTED
RTI INTL METALS INC(HLDG CO)
RTI
| $2.31M | ﹤0.01% |
82,900
+43,484
| +110% | +$1.29M |
|
1990
SPS Commerce
SPSC
$2.7B
| $2.3M | ﹤0.01% |
80,838
+3,000
| +4% | +$98.1K |
|
1991
The Greenbrier Companies
GBX
$1.42B
| $2.3M | ﹤0.01% |
52,400
| – | – |
|
|
IPHS
1992
DELISTED
Innophos Holdings, Inc.
IPHS
| $2.3M | ﹤0.01% |
43,000
+8,600
| +25% | +$442K |
|
|
RT
1993
DELISTED
Ruby Tuesday Georgia
RT
| $2.3M | ﹤0.01% |
393,300
-4,300
| -1% | -$24.7K |
|
|
BNCN
1994
DELISTED
BNC Bancorp
BNCN
| $2.29M | ﹤0.01% |
132,720
+78,200
| +143% | +$1.35M |
|
1995
ATI
ATI
$31.6B
| $2.28M | ﹤0.01% |
59,974
-19,300
| -24% | -$649K |
|
1996
Daktronics
DAKT
$1.01B
| $2.28M | ﹤0.01% |
166,100
+1,500
| +0.9% | +$21.5K |
|
|
GTIV
1997
DELISTED
GENTIVA HEALTH SERVICES INC
GTIV
| $2.28M | ﹤0.01% |
267,645
-42,400
| -14% | -$448K |
|
1998
Helen of Troy
HELE
$695M
| $2.27M | ﹤0.01% |
33,800
-23,100
| -41% | -$1.4M |
|
1999
Alamo Group
ALG
$2.01B
| $2.26M | ﹤0.01% |
41,200
+5,879
| +17% | +$317K |
|
2000
Coherent
COHR
$70.1B
| $2.26M | ﹤0.01% |
151,900
+3,800
| +3% | +$61.2K |
|
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.