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% |
| 2 | Technology | 14.25% |
| 3 | Healthcare | 13.08% |
| 4 | Industrials | 10.72% |
| 5 | Energy | 9.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2626
RB Global
RBA
$16.8B
| $828K | ﹤0.01% |
36,984
| – | – |
|
|
APP
2627
DELISTED
AMERICAN APPAREL INC COM
APP
| $827K | ﹤0.01% |
1,008,991
+96,700
| +11% | +$91.2K |
|
2628
Air T
AIRT
$82.8M
| $826K | ﹤0.01% |
94,800
| – | – |
|
2629
Stewart Information Services
STC
$2.02B
| $826K | ﹤0.01% |
28,138
+1,887
| +7% | +$58.7K |
|
|
CNBKA
2630
DELISTED
Century Bancorp Inc/Mass
CNBKA
| $826K | ﹤0.01% |
23,852
| – | – |
|
|
BBRG
2631
DELISTED
Bravo Brio Restaurant Group Inc.
BBRG
| $826K | ﹤0.01% |
63,700
+7,700
| +14% | +$112K |
|
2632
TG Therapeutics
TGTX
$7.63B
| $825K | ﹤0.01% |
77,300
| – | – |
|
|
OKSB
2633
DELISTED
Southwest Bancorp Inc/OK
OKSB
| $825K | ﹤0.01% |
50,300
| – | – |
|
2634
Orion Group Holdings
ORN
$395M
| $823K | ﹤0.01% |
82,500
| – | – |
|
2635
First Financial Corp
THFF
$967M
| $823K | ﹤0.01% |
26,600
+600
| +2% | +$19.1K |
|
2636
Valhi
VHI
$457M
| $823K | ﹤0.01% |
10,500
+1,167
| +13% | +$99.4K |
|
|
RST
2637
DELISTED
ROSETTA STONE INC
RST
| $823K | ﹤0.01% |
102,200
+18,400
| +22% | +$167K |
|
2638
Broadwind
BWEN
$113M
| $822K | ﹤0.01% |
109,780
| – | – |
|
2639
Comfort Systems
FIX
$59.6B
| $822K | ﹤0.01% |
60,700
+500
| +0.8% | +$7.53K |
|
|
RPXC
2640
DELISTED
RPX Corporation
RPXC
| $822K | ﹤0.01% |
59,900
| – | – |
|
2641
Culp Inc
CULP
$43.1M
| $820K | ﹤0.01% |
45,200
| – | – |
|
|
TUMI
2642
DELISTED
TUMI HLDGS INC COM
TUMI
| $818K | ﹤0.01% |
40,200
| – | – |
|
2643
Arq
ARQ
$97.4M
| $817K | ﹤0.01% |
38,400
-7,035
| -15% | -$153K |
|
|
AUO
2644
DELISTED
AU Optronics Corp
AUO
| $814K | ﹤0.01% |
195,725
| – | – |
|
|
YGE
2645
DELISTED
Yingli Green Energy Holding Comp
YGE
| $808K | ﹤0.01% |
25,990
+10,050
| +63% | +$348K |
|
2646
BancFirst
BANF
$3.81B
| $807K | ﹤0.01% |
25,800
+1,400
| +6% | +$43.8K |
|
2647
Immersion
IMMR
$254M
| $806K | ﹤0.01% |
93,900
| – | – |
|
|
SUP
2648
DELISTED
Superior Industries International
SUP
| $806K | ﹤0.01% |
46,000
+2,600
| +6% | +$50.6K |
|
2649
Theravance Biopharma
TBPH
$877M
| $806K | ﹤0.01% |
34,969
-2
| -0% | -$58 |
|
2650
Johnson Outdoors
JOUT
$491M
| $805K | ﹤0.01% |
31,100
+800
| +3% | +$20.2K |
|
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.