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 | |
|---|---|---|---|---|---|---|
|
HA
1426
DELISTED
Hawaiian Holdings, Inc.
HA
| $4.75M | 0.01% |
353,189
-33,000
| -9% | -$476K |
|
1427
United Bankshares
UBSI
$6.61B
| $4.75M | 0.01% |
153,396
+100
| +0.1% | +$3.22K |
|
|
TBI
1428
Trueblue
TBI
$310M
| $4.73M | 0.01% |
187,399
+23,299
| +14% | +$645K |
|
|
AUXL
1429
DELISTED
AUXILIUM PHARAMCEUTICALS INC
AUXL
| $4.73M | 0.01% |
158,600
| – | – |
|
1430
Dynagas LNG Partners
DLNG
$137M
| $4.72M | 0.01% |
200,000
| – | – |
|
|
VISN
1431
Vistance Networks Inc
VISN
$2.7B
| $4.71M | 0.01% |
197,200
-72,300
| -27% | -$1.77M |
|
|
BPT
1432
DELISTED
BP Prudhoe Bay Royalty Trust
BPT
| $4.71M | 0.01% |
50,000
-200
| -0.4% | -$18.7K |
|
|
PMCS
1433
DELISTED
P M C SIERRA INC
PMCS
| $4.7M | 0.01% |
630,191
+26,900
| +4% | +$197K |
|
|
ALE
1434
DELISTED
Allete
ALE
| $4.7M | 0.01% |
105,842
+900
| +0.9% | +$43.1K |
|
1435
Comstock Resources
CRK
$4.23B
| $4.69M | 0.01% |
50,413
-4,153
| -8% | -$493K |
|
|
GRT
1436
DELISTED
GLIMCHER REALTY TRUST
GRT
| $4.68M | 0.01% |
345,700
-300
| -0.1% | -$3.44K |
|
|
CHSP
1437
DELISTED
Chesapeake Lodging Trust
CHSP
| $4.67M | 0.01% |
160,347
-47,500
| -23% | -$1.43M |
|
|
BBEP
1438
DELISTED
BREITBURN ENERGY PARTNERS LP COM UNITS RPTNG LTD PRTNRSHIP
BBEP
| $4.67M | 0.01% |
229,900
-7,700
| -3% | -$169K |
|
1439
Encore Capital Group
ECPG
$1.98B
| $4.67M | 0.01% |
105,419
+3,858
| +4% | +$171K |
|
1440
PBF Energy
PBF
$8.22B
| $4.66M | 0.01% |
194,350
-32,733
| -14% | -$863K |
|
|
NEWP
1441
DELISTED
NEWPORT CORP
NEWP
| $4.66M | 0.01% |
262,980
+22,060
| +9% | +$400K |
|
1442
Groupon
GRPN
$889M
| $4.66M | 0.01% |
34,868
+31,954
| +1,097% | +$4.16M |
|
|
CTWS
1443
DELISTED
Connecticut Water Service Inc
CTWS
| $4.65M | 0.01% |
143,100
+800
| +0.6% | +$26.2K |
|
1444
Strategic Education
STRA
$1.81B
| $4.65M | 0.01% |
77,612
-1,300
| -2% | -$73.4K |
|
|
FMBI
1445
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $4.64M | 0.01% |
288,622
-8,700
| -3% | -$146K |
|
|
SEP
1446
DELISTED
Spectra Engy Parters Lp
SEP
| $4.64M | 0.01% |
87,600
+200
| +0.2% | +$10.8K |
|
|
ESND
1447
DELISTED
Essendant Inc.
ESND
| $4.64M | 0.01% |
123,500
+1,800
| +1% | +$72.4K |
|
|
HRG
1448
DELISTED
HRG Group, Inc.
HRG
| $4.63M | 0.01% |
353,000
+4,300
| +1% | +$54K |
|
|
EXPR
1449
DELISTED
Express, Inc.
EXPR
| $4.63M | 0.01% |
14,825
+1,255
| +9% | +$400K |
|
1450
Molina Healthcare
MOH
$10.2B
| $4.62M | 0.01% |
109,245
-17,370
| -14% | -$769K |
|
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.