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 | |
|---|---|---|---|---|---|---|
|
CCC
2051
DELISTED
Calgon Carbon Corp
CCC
| $2.25M | ﹤0.01% |
114,700
-23,371
| -17% | -$474K |
|
2052
Emergent Biosolutions
EBS
$228M
| $2.24M | ﹤0.01% |
77,700
+22,500
| +41% | +$536K |
|
|
FIG
2053
DELISTED
Fortress Investment Group Llc
FIG
| $2.23M | ﹤0.01% |
305,300
| – | – |
|
2054
Cemex
CX
$16.1B
| $2.23M | ﹤0.01% |
261,475
| – | – |
|
2055
Spok Holdings
SPOK
$239M
| $2.23M | ﹤0.01% |
120,253
-2,600
| -2% | -$40.5K |
|
2056
Quantum Corp
QMCO
$765M
| $2.22M | ﹤0.01% |
8,630
-834
| -9% | -$192K |
|
|
BSFT
2057
DELISTED
BroadSoft, Inc.
BSFT
| $2.22M | ﹤0.01% |
80,249
+12,249
| +18% | +$309K |
|
2058
Radware
RDWR
$1.2B
| $2.22M | ﹤0.01% |
99,200
+35,300
| +55% | +$690K |
|
2059
Altria Group
MO
$109B
| $2.21M | ﹤0.01% |
+40,586
| New | +$1.98M |
|
2060
OraSure Technologies
OSUR
$268M
| $2.21M | ﹤0.01% |
223,680
+56,480
| +34% | +$506K |
|
2061
Manitowoc
MTW
$702M
| $2.21M | ﹤0.01% |
128,170
+83,128
| +185% | +$1.51M |
|
|
AENZ
2062
DELISTED
Aenza S.A.A.
AENZ
| $2.21M | ﹤0.01% |
74,433
+29,100
| +64% | +$1.13M |
|
|
TOO
2063
DELISTED
Teekay Offshore Partners L.P.
TOO
| $2.21M | ﹤0.01% |
104,200
+2,200
| +2% | +$60.7K |
|
|
PHX
2064
DELISTED
PHX Minerals
PHX
| $2.2M | ﹤0.01% |
102,700
+60,700
| +145% | +$1.28M |
|
|
SBR
2065
Sabine Royalty Trust
SBR
$1.06B
| $2.2M | ﹤0.01% |
54,607
+3,100
| +6% | +$146K |
|
|
GST
2066
DELISTED
Gastar Exploration Inc.
GST
| $2.2M | ﹤0.01% |
832,000
+658,799
| +380% | +$2.4M |
|
2067
ANI Pharmaceuticals
ANIP
$1.71B
| $2.19M | ﹤0.01% |
40,889
+16,900
| +70% | +$745K |
|
|
EPAY
2068
DELISTED
Bottomline Technologies Inc
EPAY
| $2.19M | ﹤0.01% |
92,900
| – | – |
|
|
MRD
2069
DELISTED
MEMORIAL RESOURCE DEV CORP COM STK (DE)
MRD
| $2.19M | ﹤0.01% |
110,200
+64,800
| +143% | +$1.45M |
|
|
CHMI
2070
Cherry Hill Mortgage Investment Corp
CHMI
$108M
| $2.19M | ﹤0.01% |
128,800
| – | – |
|
2071
Ormat Technologies
ORA
$7.04B
| $2.19M | ﹤0.01% |
80,100
| – | – |
|
|
AFFX
2072
DELISTED
Affymetrix Inc
AFFX
| $2.19M | ﹤0.01% |
197,700
-68,389
| -26% | -$598K |
|
|
SASR
2073
DELISTED
Sandy Spring Bancorp Inc
SASR
| $2.19M | ﹤0.01% |
88,200
-5,449
| -6% | -$133K |
|
|
TRNX
2074
DELISTED
TORNIER N V SHARES (NLD)
TRNX
| $2.18M | ﹤0.01% |
89,100
-1,100
| -1% | -$28K |
|
2075
SCYNEXIS
SCYX
$48.1M
| $2.18M | ﹤0.01% |
2,500
| – | – |
|
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.