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 | |
|---|---|---|---|---|---|---|
|
RVBD
2051
DELISTED
RIVERBED TECHNOLOGY, INC COM
RVBD
| $2.09M | ﹤0.01% |
119,900
-266,708
| -69% | -$4.32M |
|
|
TESS
2052
DELISTED
Tessco Technologies Inc
TESS
| $2.09M | ﹤0.01% |
49,975
-2,000
| -4% | -$74.9K |
|
|
RESI
2053
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $2.09M | ﹤0.01% |
69,531
-1,100
| -2% | -$29.8K |
|
|
VOLC
2054
DELISTED
VOLCANO CORPORATION COM STK
VOLC
| $2.09M | ﹤0.01% |
95,500
+1,425
| +2% | +$31.6K |
|
|
LMNX
2055
DELISTED
Luminex Corp
LMNX
| $2.08M | ﹤0.01% |
107,800
+836
| +0.8% | +$15.8K |
|
|
LTS
2056
DELISTED
Ladenburg Thalmann Financial Services Inc
LTS
| $2.08M | ﹤0.01% |
634,200
+152,000
| +32% | +$383K |
|
|
FRM
2057
DELISTED
FURMANITE CORPORATION COM
FRM
| $2.08M | ﹤0.01% |
193,773
+96,233
| +99% | +$1.02M |
|
|
IMGN
2058
DELISTED
Immunogen Inc
IMGN
| $2.07M | ﹤0.01% |
136,000
-3,600
| -3% | -$55.3K |
|
|
MNTA
2059
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $2.07M | ﹤0.01% |
117,300
-1,992
| -2% | -$33.5K |
|
|
COCO
2060
DELISTED
CORINTHIAN COLLEGES INC
COCO
| $2.07M | ﹤0.01% |
1,168,277
+98,423
| +9% | +$191K |
|
|
FLTX
2061
DELISTED
Fleetmatics Group PLC
FLTX
| $2.07M | ﹤0.01% |
48,203
+14,703
| +44% | +$538K |
|
2062
Gorman-Rupp
GRC
$2.18B
| $2.06M | ﹤0.01% |
62,468
-15,021
| -19% | -$475K |
|
2063
QuidelOrtho
QDEL
$985M
| $2.06M | ﹤0.01% |
76,800
+989
| +1% | +$25.4K |
|
2064
ESCO Technologies
ESE
$7.78B
| $2.06M | ﹤0.01% |
59,750
+26,863
| +82% | +$925K |
|
2065
Harte-Hanks
HHS
$19.1M
| $2.05M | ﹤0.01% |
26,060
-218
| -0.8% | -$17.8K |
|
|
SJT
2066
San Juan Basin Royalty Trust
SJT
$129M
| $2.05M | ﹤0.01% |
123,300
+1,300
| +1% | +$21.4K |
|
|
BFS
2067
Saul Centers
BFS
$853M
| $2.05M | ﹤0.01% |
42,219
-152
| -0.4% | -$7.28K |
|
|
CCRN
2068
DELISTED
Cross Country Healthcare
CCRN
| $2.05M | ﹤0.01% |
205,000
+60,986
| +42% | +$423K |
|
|
AFAM
2069
DELISTED
Almost Family Inc
AFAM
| $2.04M | ﹤0.01% |
60,900
+2,110
| +4% | +$51.9K |
|
2070
Gray Television
GTN
$489M
| $2.04M | ﹤0.01% |
140,300
-47,100
| -25% | -$498K |
|
2071
Alamo Group
ALG
$2.01B
| $2.04M | ﹤0.01% |
35,321
+12,521
| +55% | +$649K |
|
|
AHT
2072
Ashford Hospitality Trust
AHT
$20.3M
| $2.04M | ﹤0.01% |
262
-107
| -29% | -$842K |
|
2073
Hanmi Financial
HAFC
$954M
| $2.04M | ﹤0.01% |
91,300
+48,437
| +113% | +$920K |
|
|
HSII
2074
DELISTED
Heidrick & Struggles
HSII
| $2.04M | ﹤0.01% |
101,300
+20,641
| +26% | +$381K |
|
|
CMO
2075
DELISTED
Capstead Mortgage Corp.
CMO
| $2.04M | ﹤0.01% |
164,300
-670
| -0.4% | -$8K |
|
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.