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 | |
|---|---|---|---|---|---|---|
|
SJT
2026
San Juan Basin Royalty Trust
SJT
$130M
| $2.18M | ﹤0.01% |
124,600
+1,300
| +1% | +$22.6K |
|
|
SPTN
2027
DELISTED
SpartanNash
SPTN
| $2.18M | ﹤0.01% |
95,315
-17,100
| -15% | -$389K |
|
|
REV
2028
DELISTED
Revlon, Inc.
REV
| $2.17M | ﹤0.01% |
84,700
-10,600
| -11% | -$261K |
|
2029
Wendy's
WEN
$1.64B
| $2.17M | ﹤0.01% |
252,245
-1,179,734
| -82% | -$10.8M |
|
|
MTSC
2030
DELISTED
MTS Systems Corp
MTSC
| $2.16M | ﹤0.01% |
32,000
+1,400
| +5% | +$99.5K |
|
2031
HealthStream
HSTM
$846M
| $2.16M | ﹤0.01% |
86,723
-43,167
| -33% | -$1.28M |
|
|
NTP
2032
DELISTED
Nam Tai Property Inc.
NTP
| $2.16M | ﹤0.01% |
317,700
+95,200
| +43% | +$598K |
|
2033
Seaboard Corp
SEB
$4.01B
| $2.16M | ﹤0.01% |
857
+31
| +4% | +$80.5K |
|
2034
Wabash National
WNC
$512M
| $2.16M | ﹤0.01% |
160,300
| – | – |
|
|
FARO
2035
DELISTED
Faro Technologies
FARO
| $2.14M | ﹤0.01% |
42,700
+600
| +1% | +$32.5K |
|
|
THR
2036
DELISTED
Thermon Group Holdings
THR
| $2.14M | ﹤0.01% |
88,500
| – | – |
|
|
VIVO
2037
DELISTED
Meridian Bioscience Inc
VIVO
| $2.14M | ﹤0.01% |
101,300
+1,000
| +1% | +$22.9K |
|
|
RNET
2038
DELISTED
RigNet, Inc.
RNET
| $2.14M | ﹤0.01% |
41,509
+24,909
| +150% | +$1.2M |
|
|
NWHM
2039
DELISTED
THE NEW HOME COMPANY INC.
NWHM
| $2.13M | ﹤0.01% |
+150,000
| New | +$2.07M |
|
|
PGI
2040
DELISTED
PREMIERE GLOBAL SERVICES, INC.
PGI
| $2.13M | ﹤0.01% |
177,700
-22,900
| -11% | -$260K |
|
2041
Entegris
ENTG
$25.2B
| $2.12M | ﹤0.01% |
178,600
+6,700
| +4% | +$78.1K |
|
|
ACCL
2042
DELISTED
Accelrys Inc
ACCL
| $2.11M | ﹤0.01% |
169,500
+11,000
| +7% | +$129K |
|
2043
Powell Industries
POWL
$7.58B
| $2.11M | ﹤0.01% |
101,100
+2,100
| +2% | +$45.3K |
|
|
TEN
2044
Tsakos Energy Navigation Ltd
TEN
$1.24B
| $2.11M | ﹤0.01% |
57,460
-3,160
| -5% | -$110K |
|
|
PNK
2045
DELISTED
Pinnacle Entertainment Inc.
PNK
| $2.11M | ﹤0.01% |
95,456
-2,500
| -3% | -$58.6K |
|
|
LDL
2046
DELISTED
Lydall, Inc.
LDL
| $2.11M | ﹤0.01% |
94,700
-4,500
| -5% | -$87.6K |
|
2047
CTS Corp
CTS
$1.79B
| $2.1M | ﹤0.01% |
103,752
-18,066
| -15% | -$360K |
|
2048
Southside Bancshares
SBSI
$979M
| $2.1M | ﹤0.01% |
81,665
+4,600
| +6% | +$111K |
|
|
SEAC
2049
DELISTED
Seachange International Inc
SEAC
| $2.1M | ﹤0.01% |
10,451
-1,180
| -10% | -$268K |
|
2050
Intrepid Potash
IPI
$485M
| $2.09M | ﹤0.01% |
14,290
+250
| +2% | +$38.2K |
|
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.