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 | |
|---|---|---|---|---|---|---|
|
PGNX
2451
DELISTED
Progenics Pharmaceuticals Inc
PGNX
| $1.13M | ﹤0.01% |
290,646
+19,584
| +7% | +$100K |
|
|
SLAI
2452
DELISTED
SOLAI Ltd ADS
SLAI
| $1.13M | ﹤0.01% |
429
| – | – |
|
|
BTH
2453
DELISTED
BLYTH,INC
BTH
| $1.13M | ﹤0.01% |
118,100
-31,600
| -21% | -$309K |
|
2454
Enterprise Financial Services Corp
EFSC
$2.4B
| $1.13M | ﹤0.01% |
57,100
-17,500
| -23% | -$335K |
|
2455
TTM Technologies
TTMI
$14.6B
| $1.13M | ﹤0.01% |
138,253
-50,900
| -27% | -$417K |
|
2456
American Vanguard Corp
AVD
$62.8M
| $1.13M | ﹤0.01% |
55,100
+1,400
| +3% | +$32.1K |
|
|
ENT
2457
DELISTED
Global Eagle Entertainment Inc.
ENT
| $1.13M | ﹤0.01% |
3,316
+2,288
| +223% | +$941K |
|
2458
GeoPark
GPRK
$608M
| $1.13M | ﹤0.01% |
+150,600
| New | +$1.12M |
|
|
ZU
2459
DELISTED
ZULILY INC CLASS A COMMON STOCK
ZU
| $1.12M | ﹤0.01% |
23,115
+18,115
| +362% | +$875K |
|
2460
NVE Corp
NVEC
$563M
| $1.12M | ﹤0.01% |
20,300
| – | – |
|
2461
Ducommun
DCO
$3.01B
| $1.11M | ﹤0.01% |
45,960
| – | – |
|
|
JKS
2462
JinkoSolar
JKS
$853M
| $1.11M | ﹤0.01% |
38,400
+20,800
| +118% | +$660K |
|
|
NATL
2463
DELISTED
National Interstate Corporation
NATL
| $1.11M | ﹤0.01% |
40,800
+30,900
| +312% | +$826K |
|
|
UHT
2464
Universal Health Realty Income Trust
UHT
$573M
| $1.11M | ﹤0.01% |
26,155
+500
| +2% | +$21K |
|
|
TPLM
2465
DELISTED
Triangle Petroleum Corporation
TPLM
| $1.11M | ﹤0.01% |
131,540
-28,160
| -18% | -$231K |
|
|
INWK
2466
DELISTED
InnerWorkings, Inc.
INWK
| $1.11M | ﹤0.01% |
151,980
+86,560
| +132% | +$668K |
|
|
SNMX
2467
DELISTED
Senomyx, Inc.
SNMX
| $1.11M | ﹤0.01% |
108,400
| – | – |
|
|
ASCMA
2468
DELISTED
Ascent Capital Group, Inc. Series A
ASCMA
| $1.1M | ﹤0.01% |
14,900
-6,700
| -31% | -$509K |
|
2469
Vanda Pharmaceuticals
VNDA
$304M
| $1.1M | ﹤0.01% |
73,700
| – | – |
|
|
VOCS
2470
DELISTED
VOCUS INC
VOCS
| $1.1M | ﹤0.01% |
61,600
+46,600
| +311% | +$596K |
|
2471
Forum Energy Technologies
FET
$927M
| $1.1M | ﹤0.01% |
1,800
| – | – |
|
|
HTBK
2472
DELISTED
Heritage Commerce
HTBK
| $1.1M | ﹤0.01% |
133,395
| – | – |
|
2473
Saga Communications
SGA
$61.8M
| $1.1M | ﹤0.01% |
22,900
+400
| +2% | +$19.7K |
|
|
TRLA
2474
DELISTED
TRULIA INC (DEL)
TRLA
| $1.1M | ﹤0.01% |
33,897
-12,661
| -27% | -$427K |
|
2475
Radware
RDWR
$1.25B
| $1.1M | ﹤0.01% |
63,900
-1,800
| -3% | -$31.5K |
|
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.