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 | |
|---|---|---|---|---|---|---|
|
EDE
1476
DELISTED
Empire District Electric
EDE
| $4.46M | 0.01% |
184,607
+1,600
| +0.9% | +$40.2K |
|
|
KW
1477
DELISTED
Kennedy-Wilson Holdings
KW
| $4.45M | 0.01% |
185,700
+171,300
| +1,190% | +$4.32M |
|
|
AKS
1478
DELISTED
AK Steel Holding Corp
AKS
| $4.44M | 0.01% |
554,801
-19,307
| -3% | -$180K |
|
|
RDC
1479
DELISTED
Rowan Companies Plc
RDC
| $4.44M | 0.01% |
175,600
-4,000
| -2% | -$118K |
|
1480
Trustmark
TRMK
$2.78B
| $4.44M | 0.01% |
192,855
+5,671
| +3% | +$134K |
|
|
BRS
1481
DELISTED
Bristow Group, Inc.
BRS
| $4.43M | 0.01% |
65,932
+300
| +0.5% | +$21.7K |
|
1482
Cato Corp
CATO
$65.3M
| $4.43M | 0.01% |
128,500
-300
| -0.2% | -$10K |
|
|
HMSY
1483
DELISTED
HMS Holdings Corp.
HMSY
| $4.42M | 0.01% |
234,500
| – | – |
|
|
CCMP
1484
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $4.41M | 0.01% |
106,408
+12,100
| +13% | +$516K |
|
|
SWC
1485
DELISTED
Stillwater Mining Co
SWC
| $4.41M | 0.01% |
293,200
| – | – |
|
1486
StealthGas
GASS
$322M
| $4.39M | 0.01% |
482,397
+437,497
| +974% | +$4.44M |
|
1487
Cousins Properties
CUZ
$4.83B
| $4.37M | 0.01% |
129,645
+21,751
| +20% | +$774K |
|
1488
Allegiant Air
ALGT
$2.37B
| $4.37M | 0.01% |
35,347
-7,200
| -17% | -$882K |
|
|
WRES
1489
DELISTED
WARREN RESOURCES INC
WRES
| $4.36M | 0.01% |
822,985
+103,285
| +14% | +$632K |
|
1490
Papa John's
PZZA
$801M
| $4.36M | 0.01% |
109,000
+600
| +0.6% | +$24.6K |
|
|
MNDT
1491
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $4.35M | 0.01% |
142,325
+82,610
| +138% | +$2.74M |
|
|
OAK
1492
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
| $4.35M | 0.01% |
85,100
| – | – |
|
1493
Star Bulk Carriers
SBLK
$3.09B
| $4.35M | 0.01% |
78,894
+60,000
| +318% | +$3.73M |
|
1494
Cirrus Logic
CRUS
$6.11B
| $4.34M | 0.01% |
208,400
+2,800
| +1% | +$64.9K |
|
1495
Acadia Pharmaceuticals
ACAD
$5.07B
| $4.34M | 0.01% |
175,148
-6,217
| -3% | -$145K |
|
1496
Texas Pacific Land
TPL
$25.2B
| $4.33M | 0.01% |
202,500
+149,400
| +281% | +$3.06M |
|
|
SAPE
1497
DELISTED
SAPIENT CORP
SAPE
| $4.33M | 0.01% |
309,000
| – | – |
|
1498
Universal Electronics
UEIC
$74.6M
| $4.32M | 0.01% |
87,532
+900
| +1% | +$46.3K |
|
|
AVNR
1499
DELISTED
AVANIR PHARMACEUTICALS, INC CL A
AVNR
| $4.32M | 0.01% |
362,465
-6,301
| -2% | -$43K |
|
|
ABCO
1500
DELISTED
Advisory Board Co
ABCO
| $4.32M | 0.01% |
92,713
+11,813
| +15% | +$582K |
|
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.