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 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$133M |
| 2 |
ExxonMobil
XOM
|
+$42.8M |
| 3 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$39.3M |
| 4 |
Intel
INTC
|
+$17.4M |
| 5 |
News Corp Class A
NWSA
|
+$16.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FON
SPRINT CORP FON COM
FON
|
+$64.4M |
| 2 |
State Street SPDR S&P Emerging Markets Small Cap ETF
EWX
|
+$48.8M |
| 3 |
BMC
BMC SOFTWARE, INC
BMC
|
+$21.9M |
| 4 |
Leidos
LDOS
|
+$17.8M |
| 5 |
CLVS
Clovis Oncology, Inc.
CLVS
|
+$16.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.33% |
| 2 | Technology | 13.26% |
| 3 | Healthcare | 11.9% |
| 4 | Industrials | 11.23% |
| 5 | Energy | 10.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2001
Casella Waste Systems
CWST
$5.8B
| $1.81M | ﹤0.01% |
315,600
+134,160
| +74% | +$675K |
|
|
VG
2002
DELISTED
Vonage Holdings Corporation
VG
| $1.81M | ﹤0.01% |
578,000
+45,700
| +9% | +$144K |
|
|
ELRC
2003
DELISTED
ELECTRO RENT CORP
ELRC
| $1.81M | ﹤0.01% |
100,025
+6,500
| +7% | +$116K |
|
|
PMC
2004
DELISTED
PharMerica Corporation
PMC
| $1.81M | ﹤0.01% |
136,063
+10,800
| +9% | +$145K |
|
|
DWCH
2005
DELISTED
Datawatch Corp
DWCH
| $1.8M | ﹤0.01% |
64,643
| – | – |
|
|
SNTS
2006
DELISTED
SANTARUS INC
SNTS
| $1.8M | ﹤0.01% |
79,900
+14,700
| +23% | +$350K |
|
2007
WesBanco
WSBC
$4.1B
| $1.8M | ﹤0.01% |
60,607
+10,073
| +20% | +$294K |
|
2008
Koppers
KOP
$871M
| $1.8M | ﹤0.01% |
42,193
+7,800
| +23% | +$308K |
|
|
AAMC
2009
DELISTED
Altisource Asset Management Corp
AAMC
| $1.8M | ﹤0.01% |
+5,727
| New | +$1.39M |
|
|
AZUR
2010
DELISTED
AZURE MIDSTREAM PARTNERS LP COM UNT LTD PARTNER INT
AZUR
| $1.79M | ﹤0.01% |
+100,000
| New | +$1.93M |
|
2011
MGE Energy Inc
MGEE
$3.07B
| $1.79M | ﹤0.01% |
49,301
+13,050
| +36% | +$487K |
|
2012
SPS Commerce
SPSC
$2.86B
| $1.79M | ﹤0.01% |
53,600
+8,600
| +19% | +$274K |
|
2013
Ormat Technologies
ORA
$6.98B
| $1.79M | ﹤0.01% |
66,904
+28,800
| +76% | +$716K |
|
|
ACTV
2014
DELISTED
Active Network Inc
ACTV
| $1.79M | ﹤0.01% |
125,000
+66,600
| +114% | +$641K |
|
|
IPHS
2015
DELISTED
Innophos Holdings, Inc.
IPHS
| $1.79M | ﹤0.01% |
33,872
+8,300
| +32% | +$418K |
|
|
CCC
2016
DELISTED
Calgon Carbon Corp
CCC
| $1.79M | ﹤0.01% |
94,041
-12,200
| -11% | -$218K |
|
2017
Badger Meter
BMI
$3.78B
| $1.78M | ﹤0.01% |
76,602
+10,400
| +16% | +$244K |
|
|
ASRT
2018
DELISTED
Assertio
ASRT
| $1.78M | ﹤0.01% |
3,966
+1,473
| +59% | +$602K |
|
|
FARO
2019
DELISTED
Faro Technologies
FARO
| $1.77M | ﹤0.01% |
42,101
+4,300
| +11% | +$165K |
|
|
AMRI
2020
DELISTED
Albany Molecular Research Inc
AMRI
| $1.77M | ﹤0.01% |
137,700
+8,325
| +6% | +$102K |
|
|
REN
2021
DELISTED
Resolute Energy Corporaton
REN
| $1.77M | ﹤0.01% |
42,460
+5,960
| +16% | +$247K |
|
2022
First Bancorp
FBNC
$2.74B
| $1.77M | ﹤0.01% |
122,337
+43,800
| +56% | +$658K |
|
2023
Scorpio Tankers
STNG
$3.94B
| $1.77M | ﹤0.01% |
18,100
+8,990
| +99% | +$889K |
|
2024
EXL Service
EXLS
$5.36B
| $1.77M | ﹤0.01% |
310,075
+29,110
| +10% | +$167K |
|
2025
W&T Offshore
WTI
$548M
| $1.76M | ﹤0.01% |
99,431
+21,800
| +28% | +$352K |
|
Similar funds
California Public Employees Retirement System's Q3 2013 Portfolio in Review
As of Q3 2013, California Public Employees Retirement System held 4,090 positions worth $54B, up 8.3% from $49.8B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q3 2013: portfolio turnover was 4.9%. California Public Employees Retirement System opened 93 new positions and exited 108, leaving the 4,090-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 16% a quarter earlier, followed by Technology and Healthcare.
- California Public Employees Retirement System's largest Q3 2013 buy was Twenty-First Century Fox, Inc. Class A: 4,216,182 shares worth $141M.
- California Public Employees Retirement System added most to ExxonMobil in Q3 2013, an estimated $42.8M increase.
- California Public Employees Retirement System's biggest Q3 2013 reduction was State Street SPDR S&P Emerging Markets Small Cap ETF, cutting an estimated $48.8M.
- California Public Employees Retirement System fully exited SPRINT CORP FON COM in Q3 2013, selling an estimated $64.4M.
- California Public Employees Retirement System's ten largest holdings make up 14% of its $54B portfolio in Q3 2013.
- California Public Employees Retirement System opened 93 new positions and closed 108 in Q3 2013.
- California Public Employees Retirement System's portfolio value rose 8.3% quarter-over-quarter to $54B.
Based on California Public Employees Retirement System's 13F filing for Q3 2013, filed 12 Nov 2013.