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 | |
|---|---|---|---|---|---|---|
|
STBZ
2026
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
| $2.32M | ﹤0.01% |
120,134
+29,700
| +33% | +$545K |
|
|
VRTU
2027
DELISTED
Virtusa Corporation
VRTU
| $2.32M | ﹤0.01% |
59,800
| – | – |
|
|
DTSI
2028
DELISTED
DTS, Inc.
DTSI
| $2.32M | ﹤0.01% |
76,900
+14,700
| +24% | +$442K |
|
2029
Tennant Co
TNC
$1.13B
| $2.31M | ﹤0.01% |
34,800
-7,883
| -18% | -$549K |
|
|
WW
2030
DELISTED
WW International
WW
| $2.31M | ﹤0.01% |
130,571
+6,400
| +5% | +$172K |
|
2031
Aspen Aerogels
ASPN
$510M
| $2.31M | ﹤0.01% |
305,000
| – | – |
|
2032
Honda
HMC
$41.1B
| $2.31M | ﹤0.01% |
+74,882
| New | +$2.33M |
|
2033
Tempest Therapeutics
TPST
$18.9M
| $2.31M | ﹤0.01% |
16
+6
| +60% | +$439K |
|
|
AEGN
2034
DELISTED
Aegion Corp
AEGN
| $2.31M | ﹤0.01% |
143,200
| – | – |
|
|
KNL
2035
DELISTED
Knoll, Inc.
KNL
| $2.31M | ﹤0.01% |
118,350
-4,500
| -4% | -$85.9K |
|
|
MTSC
2036
DELISTED
MTS Systems Corp
MTSC
| $2.31M | ﹤0.01% |
31,500
| – | – |
|
|
GPT
2037
DELISTED
Gramercy Property Trust
GPT
| $2.3M | ﹤0.01% |
105,704
+54
| +0.1% | +$989 |
|
2038
Teekay Tankers
TNK
$2.69B
| $2.29M | ﹤0.01% |
49,925
+17,775
| +55% | +$609K |
|
|
FARO
2039
DELISTED
Faro Technologies
FARO
| $2.29M | ﹤0.01% |
41,400
| – | – |
|
|
GRP.U
2040
DELISTED
Granite Real Estate Investment Trust
GRP.U
| $2.29M | ﹤0.01% |
63,000
| – | – |
|
|
AJRD
2041
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $2.28M | ﹤0.01% |
131,300
| – | – |
|
2042
United Fire Group
UFCS
$1.39B
| $2.28M | ﹤0.01% |
78,100
+900
| +1% | +$26.5K |
|
|
SPTN
2043
DELISTED
SpartanNash
SPTN
| $2.27M | ﹤0.01% |
85,242
+400
| +0.5% | +$9.22K |
|
2044
Pacific Biosciences
PACB
$354M
| $2.27M | ﹤0.01% |
275,050
| – | – |
|
2045
Boyd Gaming
BYD
$5.98B
| $2.27M | ﹤0.01% |
165,000
+18,100
| +12% | +$204K |
|
2046
Kodak
KODK
$987M
| $2.26M | ﹤0.01% |
123,400
+74,800
| +154% | +$1.56M |
|
2047
Safe Bulkers
SB
$746M
| $2.26M | ﹤0.01% |
+606,700
| New | +$3.05M |
|
|
CGI
2048
DELISTED
Celadon Group Inc
CGI
| $2.25M | ﹤0.01% |
98,700
+24,600
| +33% | +$514K |
|
2049
Quanex
NX
$1.01B
| $2.25M | ﹤0.01% |
117,800
+35,200
| +43% | +$674K |
|
2050
Peoples Bancorp
PEBO
$1.47B
| $2.25M | ﹤0.01% |
92,900
+2,000
| +2% | +$49.8K |
|
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.