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 | |
|---|---|---|---|---|---|---|
2151
Gray Television
GTN
$520M
| $1.97M | ﹤0.01% |
191,500
+72,600
| +61% | +$695K |
|
2152
QuidelOrtho
QDEL
$1.03B
| $1.97M | ﹤0.01% |
78,800
| – | – |
|
|
AFOP
2153
DELISTED
Alliance Fiber Optic Prod Inc
AFOP
| $1.96M | ﹤0.01% |
130,360
+41,600
| +47% | +$542K |
|
|
RDC
2154
DELISTED
Rowan Companies Plc
RDC
| $1.96M | ﹤0.01% |
88,500
-87,100
| -50% | -$2.01M |
|
2155
Terreno Realty
TRNO
$7.5B
| $1.95M | ﹤0.01% |
82,200
+26,400
| +47% | +$542K |
|
2156
Ultrapar
UGP
$6.55B
| $1.95M | ﹤0.01% |
190,772
+93,772
| +97% | +$946K |
|
|
LORL
2157
DELISTED
Loral Space and Communications, Inc.
LORL
| $1.95M | ﹤0.01% |
26,500
+600
| +2% | +$45.2K |
|
|
CIVI
2158
DELISTED
Civitas Resources
CIVI
| $1.94M | ﹤0.01% |
676
+274
| +68% | +$1.06M |
|
2159
MarineMax
HZO
$1.15B
| $1.94M | ﹤0.01% |
91,600
+38,500
| +73% | +$705K |
|
2160
Gerdau
GGB
$9.42B
| $1.94M | ﹤0.01% |
708,226
+101,918
| +17% | +$338K |
|
|
AMWD
2161
DELISTED
American Woodmark
AMWD
| $1.93M | ﹤0.01% |
47,900
+2,000
| +4% | +$78.8K |
|
2162
Geospace Technologies
GEOS
$66.5M
| $1.93M | ﹤0.01% |
73,500
+34,600
| +89% | +$1M |
|
|
SGMO
2163
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $1.92M | ﹤0.01% |
139,500
| – | – |
|
2164
Intrepid Potash
IPI
$484M
| $1.92M | ﹤0.01% |
13,800
| – | – |
|
|
SAAS
2165
DELISTED
inContact, Inc.
SAAS
| $1.92M | ﹤0.01% |
211,600
+87,100
| +70% | +$731K |
|
|
WAIR
2166
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $1.9M | ﹤0.01% |
145,600
+4,300
| +3% | +$68.2K |
|
2167
Towne Bank
TOWN
$3.5B
| $1.9M | ﹤0.01% |
122,555
+71,219
| +139% | +$1.05M |
|
|
ACI
2168
DELISTED
ARCH COAL, INC.
ACI
| $1.9M | ﹤0.01% |
190,013
+67,660
| +55% | +$1.36M |
|
|
AVDL
2169
DELISTED
Avadel Pharmaceuticals
AVDL
| $1.9M | ﹤0.01% |
129,674
+17,600
| +16% | +$251K |
|
|
AUD
2170
DELISTED
Audacy, Inc.
AUD
| $1.89M | ﹤0.01% |
158,900
| – | – |
|
2171
McGrath RentCorp
MGRC
$2.94B
| $1.89M | ﹤0.01% |
59,500
| – | – |
|
2172
Gorman-Rupp
GRC
$2.11B
| $1.89M | ﹤0.01% |
64,518
-2,725
| -4% | -$84.6K |
|
|
NTRI
2173
DELISTED
NutriSystem, Inc.
NTRI
| $1.88M | ﹤0.01% |
99,700
+39,500
| +66% | +$702K |
|
|
AMTG
2174
DELISTED
APOLLO RESIDENTIAL MTG INC COM STK
AMTG
| $1.88M | ﹤0.01% |
118,400
+79,900
| +208% | +$1.29M |
|
2175
Marten Transport
MRTN
$1.24B
| $1.88M | ﹤0.01% |
220,500
+5,750
| +3% | +$46.4K |
|
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.