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 | |
|---|---|---|---|---|---|---|
2026
TC Energy
TRP
$67B
| $2.17M | ﹤0.01% |
+47,326
| New | +$2.11M |
|
2027
Sarepta Therapeutics
SRPT
$1.91B
| $2.17M | ﹤0.01% |
108,600
-1,400
| -1% | -$41.6K |
|
|
DGIT
2028
DELISTED
DIGITAL GENERATION INC COM STK (DE)
DGIT
| $2.17M | ﹤0.01% |
170,400
+8,433
| +5% | +$104K |
|
|
CHMI
2029
Cherry Hill Mortgage Investment Corp
CHMI
$106M
| $2.17M | ﹤0.01% |
+120,000
| New | +$2.13M |
|
|
SEM
2030
DELISTED
Select Medical
SEM
| $2.15M | ﹤0.01% |
350,413
-122,553
| -26% | -$598K |
|
|
VRTU
2031
DELISTED
Virtusa Corporation
VRTU
| $2.15M | ﹤0.01% |
56,800
-249
| -0.4% | -$8.29K |
|
|
PHLT
2032
DELISTED
Performant Healthcare Inc
PHLT
| $2.15M | ﹤0.01% |
204,960
+46,660
| +29% | +$470K |
|
|
EBIX
2033
DELISTED
Ebix Inc
EBIX
| $2.14M | ﹤0.01% |
145,969
+13,909
| +11% | +$179K |
|
|
AEC
2034
DELISTED
ASSOCIATED ESTATES REALTY CORP
AEC
| $2.13M | ﹤0.01% |
134,340
+39,788
| +42% | +$614K |
|
|
XCRA
2035
DELISTED
Xcerra Corporation
XCRA
| $2.13M | ﹤0.01% |
276,813
+40,680
| +17% | +$277K |
|
|
ROIC
2036
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $2.13M | ﹤0.01% |
142,000
+1,100
| +0.8% | +$16K |
|
2037
Koppers
KOP
$858M
| $2.13M | ﹤0.01% |
45,500
+3,307
| +8% | +$150K |
|
|
SODA
2038
DELISTED
SodaStream International Ltd
SODA
| $2.13M | ﹤0.01% |
42,086
+10,186
| +32% | +$579K |
|
2039
Federal Agricultural Mortgage
AGM
$2.56B
| $2.12M | ﹤0.01% |
61,200
+100
| +0.2% | +$3.46K |
|
2040
Cavco Industries
CVCO
$4.54B
| $2.12M | ﹤0.01% |
30,500
+470
| +2% | +$28.6K |
|
2041
Rambus
RMBS
$11B
| $2.12M | ﹤0.01% |
221,600
+9,159
| +4% | +$82.5K |
|
|
AMRI
2042
DELISTED
Albany Molecular Research Inc
AMRI
| $2.12M | ﹤0.01% |
205,440
+67,740
| +49% | +$819K |
|
|
FBRC
2043
DELISTED
FBR & Co. Common Stock
FBRC
| $2.12M | ﹤0.01% |
77,155
+23,710
| +44% | +$638K |
|
2044
Marten Transport
MRTN
$1.21B
| $2.11M | ﹤0.01% |
265,733
+48,515
| +22% | +$352K |
|
|
CIR
2045
DELISTED
CIRCOR International, Inc
CIR
| $2.11M | ﹤0.01% |
25,600
+357
| +1% | +$26K |
|
|
CKEC
2046
DELISTED
Carmike Cinemas Inc
CKEC
| $2.1M | ﹤0.01% |
75,600
+17,100
| +29% | +$406K |
|
2047
ePlus
PLUS
$2.28B
| $2.1M | ﹤0.01% |
146,800
-17,600
| -11% | -$236K |
|
|
EDMC
2048
DELISTED
EDUCATION MGMT CORP NEW COM STK (PA)
EDMC
| $2.1M | ﹤0.01% |
188,500
-1,200
| -0.6% | -$14.1K |
|
|
CLMS
2049
DELISTED
Calamos Asset Management, Inc.
CLMS
| $2.1M | ﹤0.01% |
178,000
+22,771
| +15% | +$237K |
|
|
OREX
2050
DELISTED
Orexigen Therapeutics, Inc.
OREX
| $2.09M | ﹤0.01% |
36,660
-407
| -1% | -$22.9K |
|
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.