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 | |
|---|---|---|---|---|---|---|
2401
1-800-Flowers.com
FLWS
$257M
| $1.31M | ﹤0.01% |
182,590
-15,100
| -8% | -$122K |
|
|
ZLTQ
2402
DELISTED
ZELTIQ Aesthetics, Inc.
ZLTQ
| $1.31M | ﹤0.01% |
39,830
-59,880
| -60% | -$1.56M |
|
2403
CEVA Inc
CEVA
$867M
| $1.31M | ﹤0.01% |
73,100
| – | – |
|
|
FUR
2404
DELISTED
WINTHROP REALTY TRUST SHS BENE INT (NEW)
FUR
| $1.31M | ﹤0.01% |
81,283
+5,400
| +7% | +$88.6K |
|
|
CDI
2405
DELISTED
CDI Corp.
CDI
| $1.3M | ﹤0.01% |
78,407
+800
| +1% | +$13.4K |
|
2406
LSB Industries
LXU
$711M
| $1.3M | ﹤0.01% |
52,000
-16,108
| -24% | -$412K |
|
|
ZEP
2407
DELISTED
ZEP INC COM STK (DE)
ZEP
| $1.3M | ﹤0.01% |
82,370
+7,800
| +10% | +$115K |
|
2408
Koppers
KOP
$845M
| $1.3M | ﹤0.01% |
64,879
+10,370
| +19% | +$320K |
|
2409
Turkcell
TKC
$4.75B
| $1.3M | ﹤0.01% |
85,293
| – | – |
|
2410
Orion Group Holdings
ORN
$399M
| $1.29M | ﹤0.01% |
139,900
+57,400
| +70% | +$600K |
|
|
GMLP
2411
DELISTED
Golar LNG Partners LP
GMLP
| $1.29M | ﹤0.01% |
47,922
| – | – |
|
|
ONE
2412
DELISTED
HIGHER ONE HOLDINGS, INC COM STK
ONE
| $1.29M | ﹤0.01% |
354,200
+77,900
| +28% | +$253K |
|
2413
Agree Realty
ADC
$9.25B
| $1.29M | ﹤0.01% |
36,600
+1,700
| +5% | +$51.2K |
|
2414
CTS Corp
CTS
$1.82B
| $1.29M | ﹤0.01% |
80,252
| – | – |
|
|
JPEP
2415
DELISTED
JP Energy Partners LP
JPEP
| $1.29M | ﹤0.01% |
+100,000
| New | +$1.56M |
|
2416
Astec Industries
ASTE
$983M
| $1.28M | ﹤0.01% |
35,400
| – | – |
|
|
CCRN
2417
DELISTED
Cross Country Healthcare
CCRN
| $1.28M | ﹤0.01% |
122,500
-2,100
| -2% | -$21.4K |
|
|
DTLK
2418
DELISTED
Datalink Corp
DTLK
| $1.28M | ﹤0.01% |
106,800
| – | – |
|
2419
GeoPark
GPRK
$603M
| $1.28M | ﹤0.01% |
288,750
+138,150
| +92% | +$1.01M |
|
|
KE
2420
Kimball Electronics
KE
$613M
| $1.28M | ﹤0.01% |
+115,925
| New | +$1.24M |
|
2421
Civeo
CVEO
$343M
| $1.27M | ﹤0.01% |
33,942
+13,359
| +65% | +$1.66M |
|
2422
Cooper-Standard Automotive
CPS
$495M
| $1.27M | ﹤0.01% |
24,200
+7,200
| +42% | +$400K |
|
|
MNTA
2423
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $1.27M | ﹤0.01% |
117,300
| – | – |
|
|
YELL
2424
DELISTED
Yellow Corporation Common Stock
YELL
| $1.27M | ﹤0.01% |
72,799
+43,800
| +151% | +$938K |
|
2425
Independence Realty Trust
IRT
$3.93B
| $1.27M | ﹤0.01% |
130,000
+20,000
| +18% | +$190K |
|
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.