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 | |
|---|---|---|---|---|---|---|
2126
CVB Financial
CVBF
$4.08B
| $1.86M | ﹤0.01% |
122,000
-19,070
| -14% | -$301K |
|
2127
Azenta
AZTA
$1.49B
| $1.86M | ﹤0.01% |
171,678
+11,678
| +7% | +$123K |
|
2128
Cohen & Steers
CNS
$4.4B
| $1.86M | ﹤0.01% |
47,000
-1,000
| -2% | -$37.8K |
|
|
KZ
2129
DELISTED
KongZhong Corporation
KZ
| $1.85M | ﹤0.01% |
176,300
-8,600
| -5% | -$79.6K |
|
|
I
2130
DELISTED
INTELSAT S. A.
I
| $1.85M | ﹤0.01% |
105,200
+87,000
| +478% | +$1.77M |
|
|
CNSL
2131
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $1.85M | ﹤0.01% |
91,465
-20,500
| -18% | -$399K |
|
2132
Piper Sandler
PIPR
$5.54B
| $1.84M | ﹤0.01% |
170,400
-70,800
| -29% | -$720K |
|
2133
First Financial Bancorp
FFBC
$3.6B
| $1.84M | ﹤0.01% |
104,100
-46,550
| -31% | -$798K |
|
|
BSFT
2134
DELISTED
BroadSoft, Inc.
BSFT
| $1.84M | ﹤0.01% |
68,000
| – | – |
|
|
BONT
2135
DELISTED
Bon-Ton Stores Inc/The
BONT
| $1.83M | ﹤0.01% |
172,949
-37,000
| -18% | -$419K |
|
2136
Central Garden & Pet Co Class A
CENTA
$2.41B
| $1.83M | ﹤0.01% |
265,250
-49,000
| -16% | -$278K |
|
|
TRNX
2137
DELISTED
TORNIER N V SHARES (NLD)
TRNX
| $1.83M | ﹤0.01% |
91,600
| – | – |
|
2138
Quanex
NX
$981M
| $1.82M | ﹤0.01% |
90,800
+32,900
| +57% | +$648K |
|
2139
RadNet
RDNT
$6.08B
| $1.81M | ﹤0.01% |
438,636
+117,800
| +37% | +$249K |
|
|
JOYY
2140
JOYY Inc
JOYY
$3.64B
| $1.81M | ﹤0.01% |
26,200
| – | – |
|
2141
UFP Industries
UFPI
$5.03B
| $1.8M | ﹤0.01% |
98,100
+8,100
| +9% | +$144K |
|
2142
Stoneridge
SRI
$201M
| $1.8M | ﹤0.01% |
169,800
-4,200
| -2% | -$47.2K |
|
|
ONE
2143
DELISTED
HIGHER ONE HOLDINGS, INC COM STK
ONE
| $1.8M | ﹤0.01% |
286,500
+10,200
| +4% | +$82.2K |
|
2144
Quantum Corp
QMCO
$973M
| $1.8M | ﹤0.01% |
9,604
+4,106
| +75% | +$800K |
|
2145
American Public Education
APEI
$828M
| $1.8M | ﹤0.01% |
52,400
+600
| +1% | +$24.3K |
|
|
REN
2146
DELISTED
Resolute Energy Corporaton
REN
| $1.79M | ﹤0.01% |
50,288
-4,208
| -8% | -$176K |
|
2147
BJ's Restaurants
BJRI
$1.42B
| $1.79M | ﹤0.01% |
56,500
+13,200
| +30% | +$398K |
|
|
OMN
2148
DELISTED
OMNOVA Solutions Inc.
OMN
| $1.79M | ﹤0.01% |
189,400
+7,500
| +4% | +$71.6K |
|
2149
TTEC Holdings
TTEC
$77.4M
| $1.79M | ﹤0.01% |
74,277
-9,100
| -11% | -$210K |
|
2150
Shenandoah Telecom
SHEN
$744M
| $1.79M | ﹤0.01% |
115,200
-15,200
| -12% | -$204K |
|
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.