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 | |
|---|---|---|---|---|---|---|
|
NSH
2001
DELISTED
NuStar GP Holdings LLC
NSH
| $2.25M | ﹤0.01% |
79,800
+14,400
| +22% | +$380K |
|
|
NXGN
2002
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $2.24M | ﹤0.01% |
105,740
-22,492
| -18% | -$507K |
|
2003
Hecla Mining
HL
$11.9B
| $2.24M | ﹤0.01% |
778,600
-15,378
| -2% | -$46.4K |
|
2004
Badger Meter
BMI
$3.93B
| $2.24M | ﹤0.01% |
81,200
+4,598
| +6% | +$119K |
|
|
BALT
2005
DELISTED
BALTIC TRADING LIMITED COMMON STOCK
BALT
| $2.23M | ﹤0.01% |
339,300
+5,000
| +1% | +$25.8K |
|
|
STSA
2006
DELISTED
STERLING FINL CORP (WA) COM NEW
STSA
| $2.23M | ﹤0.01% |
64,800
-600
| -0.9% | -$18.6K |
|
|
RPT
2007
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $2.23M | ﹤0.01% |
141,154
+50,842
| +56% | +$800K |
|
|
DWCH
2008
DELISTED
Datawatch Corp
DWCH
| $2.22M | ﹤0.01% |
64,643
| – | – |
|
2009
Powell Industries
POWL
$7.59B
| $2.21M | ﹤0.01% |
99,000
+8,934
| +10% | +$193K |
|
|
ZEP
2010
DELISTED
ZEP INC COM STK (DE)
ZEP
| $2.2M | ﹤0.01% |
113,314
+27,313
| +32% | +$514K |
|
2011
Ormat Technologies
ORA
$7.04B
| $2.2M | ﹤0.01% |
79,200
+12,296
| +18% | +$325K |
|
|
CNSL
2012
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $2.2M | ﹤0.01% |
111,965
-9,919
| -8% | -$186K |
|
|
SCU
2013
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
| $2.2M | ﹤0.01% |
14,790
+2,710
| +22% | +$357K |
|
|
MTSC
2014
DELISTED
MTS Systems Corp
MTSC
| $2.2M | ﹤0.01% |
30,600
-350
| -1% | -$23.1K |
|
2015
Helios Technologies
HLIO
$2.68B
| $2.2M | ﹤0.01% |
53,000
-889
| -2% | -$35.1K |
|
2016
Spok Holdings
SPOK
$239M
| $2.19M | ﹤0.01% |
149,353
+28,531
| +24% | +$413K |
|
2017
Boyd Gaming
BYD
$5.98B
| $2.19M | ﹤0.01% |
188,800
-31,133
| -14% | -$368K |
|
2018
Coty
COTY
$2.48B
| $2.18M | ﹤0.01% |
145,662
+19,362
| +15% | +$304K |
|
2019
PDF Solutions
PDFS
$2.08B
| $2.18M | ﹤0.01% |
86,400
+400
| +0.5% | +$9.2K |
|
2020
TFS Financial
TFSL
$4.83B
| $2.18M | ﹤0.01% |
180,200
+3,102
| +2% | +$37.1K |
|
2021
Adeia
ADEA
$3.06B
| $2.18M | ﹤0.01% |
414,666
-4,279
| -1% | -$21.8K |
|
|
ACAT
2022
DELISTED
Arctic Cat Inc
ACAT
| $2.18M | ﹤0.01% |
38,600
+1,500
| +4% | +$82.9K |
|
|
XRTX
2023
DELISTED
XYRATEX LTD (BERMUDA)
XRTX
| $2.18M | ﹤0.01% |
163,500
| – | – |
|
|
BAS
2024
DELISTED
Basis Energy Services, Inc.
BAS
| $2.18M | ﹤0.01% |
246
+31
| +14% | +$257K |
|
2025
Intrepid Potash
IPI
$496M
| $2.17M | ﹤0.01% |
14,040
-230
| -2% | -$35.7K |
|
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.