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 | |
|---|---|---|---|---|---|---|
2101
Diodes
DIOD
$4.49B
| $2.1M | ﹤0.01% |
78,200
-1,000
| -1% | -$25.3K |
|
|
BFX
2102
DELISTED
BowFlex Inc.
BFX
| $2.1M | ﹤0.01% |
145,400
+54,300
| +60% | +$724K |
|
|
GLDD
2103
DELISTED
Great Lakes Dredge & Dock
GLDD
| $2.1M | ﹤0.01% |
269,200
+98,400
| +58% | +$713K |
|
2104
America's Car Mart
CRMT
$26.1M
| $2.09M | ﹤0.01% |
39,400
+1,700
| +5% | +$80K |
|
|
PQUE
2105
DELISTED
PETROQUEST ENERGY INC (DE)
PQUE
| $2.08M | ﹤0.01% |
638,900
+276,400
| +76% | +$901K |
|
|
AVX
2106
DELISTED
AVX Corporation
AVX
| $2.08M | ﹤0.01% |
157,400
+1,000
| +0.6% | +$13.8K |
|
2107
Frontline
FRO
$9.04B
| $2.08M | ﹤0.01% |
133,400
+29,280
| +28% | +$238K |
|
|
GLUU
2108
DELISTED
Glu Mobile Inc.
GLUU
| $2.07M | ﹤0.01% |
568,300
+253,600
| +81% | +$1.03M |
|
2109
Azenta
AZTA
$1.48B
| $2.07M | ﹤0.01% |
157,500
-97,828
| -38% | -$1.14M |
|
2110
NVE Corp
NVEC
$564M
| $2.07M | ﹤0.01% |
30,200
| – | – |
|
2111
Daktronics
DAKT
$989M
| $2.06M | ﹤0.01% |
166,000
+4,100
| +3% | +$51.6K |
|
|
PRO
2112
DELISTED
PROS Holdings
PRO
| $2.06M | ﹤0.01% |
80,100
-10,752
| -12% | -$285K |
|
|
RESI
2113
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $2.06M | ﹤0.01% |
119,300
-45,130
| -27% | -$963K |
|
|
AMFW
2114
DELISTED
AMEC Foster Wheeler plc
AMFW
| $2.06M | ﹤0.01% |
+164,994
| New | +$2.26M |
|
2115
Materion
MTRN
$5.91B
| $2.05M | ﹤0.01% |
60,141
-12,650
| -17% | -$436K |
|
|
HW
2116
DELISTED
Headwaters Inc
HW
| $2.05M | ﹤0.01% |
146,135
+37,055
| +34% | +$484K |
|
2117
Alpha and Omega Semiconductor
AOSL
$891M
| $2.05M | ﹤0.01% |
228,300
| – | – |
|
2118
Independent Bank
INDB
$4.05B
| $2.05M | ﹤0.01% |
52,477
+2,200
| +4% | +$87K |
|
2119
Helios Technologies
HLIO
$2.65B
| $2.04M | ﹤0.01% |
54,300
+1,300
| +2% | +$50.7K |
|
2120
FRP Holdings
FRPH
$424M
| $2.04M | ﹤0.01% |
111,400
| – | – |
|
2121
EXL Service
EXLS
$5.36B
| $2.04M | ﹤0.01% |
332,000
| – | – |
|
|
USDP
2122
DELISTED
USD PARTNERS LP
USDP
| $2.04M | ﹤0.01% |
+150,000
| New | +$2.29M |
|
|
BDSI
2123
DELISTED
BioDelivery Sciences International, Inc.
BDSI
| $2.04M | ﹤0.01% |
146,630
+7,065
| +5% | +$107K |
|
2124
Arrowhead Research
ARWR
$12B
| $2.04M | ﹤0.01% |
300,647
+169,800
| +130% | +$1.16M |
|
|
I
2125
DELISTED
INTELSAT S. A.
I
| $2.03M | ﹤0.01% |
125,100
+45,100
| +56% | +$776K |
|
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.