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 |
AGN
Allergan plc
AGN
|
+$53.1M |
| 2 |
WFT
Weatherford International plc
WFT
|
+$46.4M |
| 3 |
Liberty Media Series C
FWONK
|
+$27.6M |
| 4 |
Meta Platforms (Facebook)
META
|
+$23.4M |
| 5 |
Alibaba
BABA
|
+$22.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$103M |
| 2 |
FRX
FOREST LABORATORIES INC
FRX
|
+$73.6M |
| 3 |
ExxonMobil
XOM
|
+$45.5M |
| 4 |
HSH
HILLSHIRE BRANDS CO
HSH
|
+$38.7M |
| 5 |
Apple
AAPL
|
+$32.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.14% |
| 2 | Technology | 14.55% |
| 3 | Healthcare | 13.43% |
| 4 | Industrials | 10.85% |
| 5 | Energy | 10.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1976
Gerdau
GGB
$9.24B
| $2.31M | ﹤0.01% |
606,308
-603,157
| -50% | -$2.76M |
|
|
EOCC
1977
DELISTED
Enel Generacion Chile S.A.
EOCC
| $2.29M | ﹤0.01% |
75,273
| – | – |
|
|
PRO
1978
DELISTED
PROS Holdings
PRO
| $2.29M | ﹤0.01% |
90,852
+11,452
| +14% | +$294K |
|
1979
First Commonwealth Financial
FCF
$2.19B
| $2.27M | ﹤0.01% |
270,876
-10,700
| -4% | -$94.7K |
|
1980
Stepan Co
SCL
$1.48B
| $2.27M | ﹤0.01% |
51,190
+200
| +0.4% | +$9.79K |
|
|
XCO
1981
DELISTED
Exco Resources
XCO
| $2.27M | ﹤0.01% |
45,281
-32,345
| -42% | -$2.27M |
|
|
RSO
1982
DELISTED
Resource Capital Corp.
RSO
| $2.27M | ﹤0.01% |
116,450
+7,250
| +7% | +$157K |
|
1983
First Financial Bancorp
FFBC
$3.61B
| $2.26M | ﹤0.01% |
143,046
+600
| +0.4% | +$9.95K |
|
|
DCOM
1984
DELISTED
Dime Community Bancshares
DCOM
| $2.26M | ﹤0.01% |
157,119
-46,260
| -23% | -$705K |
|
|
FPO
1985
DELISTED
First Potomac Realty Trust
FPO
| $2.26M | ﹤0.01% |
192,372
+6,200
| +3% | +$80.4K |
|
1986
Rogers Corp
ROG
$2.52B
| $2.26M | ﹤0.01% |
41,200
-12,200
| -23% | -$738K |
|
|
ZLTQ
1987
DELISTED
ZELTIQ Aesthetics, Inc.
ZLTQ
| $2.26M | ﹤0.01% |
99,710
+53,340
| +115% | +$1.06M |
|
1988
Sarepta Therapeutics
SRPT
$1.88B
| $2.25M | ﹤0.01% |
106,800
| – | – |
|
|
PBY
1989
DELISTED
PEP BOYS MANNY MOE& JACK
PBY
| $2.25M | ﹤0.01% |
252,500
+8,400
| +3% | +$90.3K |
|
1990
Ribbon Communications
RBBN
$374M
| $2.24M | ﹤0.01% |
131,134
+50,674
| +63% | +$967K |
|
|
CIO
1991
DELISTED
City Office REIT
CIO
| $2.24M | ﹤0.01% |
165,000
| – | – |
|
1992
Materion
MTRN
$5.89B
| $2.23M | ﹤0.01% |
72,791
+21,550
| +42% | +$732K |
|
|
ISCA
1993
DELISTED
International Speedway Corp
ISCA
| $2.23M | ﹤0.01% |
70,500
| – | – |
|
|
AAMC
1994
DELISTED
Altisource Asset Management Corp
AAMC
| $2.23M | ﹤0.01% |
5,610
| – | – |
|
|
AXAS
1995
DELISTED
Abraxas Petroleum Corp
AXAS
| $2.22M | ﹤0.01% |
21,050
+1,675
| +9% | +$187K |
|
1996
Globus Medical
GMED
$11.5B
| $2.21M | ﹤0.01% |
112,450
+18,992
| +20% | +$391K |
|
1997
Hanmi Financial
HAFC
$964M
| $2.21M | ﹤0.01% |
109,486
+31,186
| +40% | +$652K |
|
|
HNH
1998
DELISTED
Handy & Harman Holdings Ltd.
HNH
| $2.21M | ﹤0.01% |
84,000
| – | – |
|
|
EGOV
1999
DELISTED
NIC Inc
EGOV
| $2.21M | ﹤0.01% |
128,042
+800
| +0.6% | +$14.1K |
|
|
EVRI
2000
DELISTED
Everi Holdings
EVRI
| $2.19M | ﹤0.01% |
325,157
+5,300
| +2% | +$42.5K |
|
Similar funds
California Public Employees Retirement System's Q3 2014 Portfolio in Review
As of Q3 2014, California Public Employees Retirement System held 3,865 positions worth $72.4B, down 1.6% from $73.5B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q3 2014: portfolio turnover was 4.3%. California Public Employees Retirement System opened 75 new positions and exited 91, leaving the 3,865-position portfolio largely intact.
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 Q3 2014 buy was Weatherford International plc: 2,064,346 shares worth $42.9M.
- California Public Employees Retirement System added most to Allergan plc in Q3 2014, an estimated $53.1M increase.
- California Public Employees Retirement System's biggest Q3 2014 reduction was State Street SPDR S&P Emerging Markets Small Cap ETF, cutting an estimated $103M.
- California Public Employees Retirement System fully exited FOREST LABORATORIES INC in Q3 2014, selling an estimated $73.6M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $72.4B portfolio in Q3 2014.
- California Public Employees Retirement System opened 75 new positions and closed 91 in Q3 2014.
- California Public Employees Retirement System's portfolio value fell 1.6% quarter-over-quarter to $72.4B.
Based on California Public Employees Retirement System's 13F filing for Q3 2014, filed 7 Nov 2014.