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 | |
|---|---|---|---|---|---|---|
|
BNCL
2301
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $1.38M | ﹤0.01% |
118,934
+28,192
| +31% | +$343K |
|
2302
Jakks Pacific
JAKK
$291M
| $1.38M | ﹤0.01% |
19,427
-2,170
| -10% | -$153K |
|
|
CALD
2303
DELISTED
Callidus Software, Inc.
CALD
| $1.38M | ﹤0.01% |
114,761
-16,173
| -12% | -$185K |
|
2304
Greenlight Captial
GLRE
$503M
| $1.38M | ﹤0.01% |
42,500
+300
| +0.7% | +$10.1K |
|
|
EOX
2305
DELISTED
EMERALD OIL INC (MT)
EOX
| $1.38M | ﹤0.01% |
11,194
+1,490
| +15% | +$227K |
|
2306
Ceco Environmental
CECO
$4.32B
| $1.38M | ﹤0.01% |
102,611
+1,100
| +1% | +$15.6K |
|
|
PGN
2307
DELISTED
PARAGON OFFSHORE PLC (GBR)
PGN
| $1.37M | ﹤0.01% |
+223,139
| New | +$1.86M |
|
|
I
2308
DELISTED
INTELSAT S. A.
I
| $1.37M | ﹤0.01% |
80,000
-79,100
| -50% | -$1.43M |
|
|
SMA
2309
DELISTED
SYMMETRY MEDICAL INC
SMA
| $1.37M | ﹤0.01% |
135,753
| – | – |
|
|
FBRC
2310
DELISTED
FBR & Co. Common Stock
FBRC
| $1.37M | ﹤0.01% |
49,780
| – | – |
|
|
HW
2311
DELISTED
Headwaters Inc
HW
| $1.37M | ﹤0.01% |
109,080
-18,488
| -14% | -$233K |
|
2312
Geospace Technologies
GEOS
$69.2M
| $1.37M | ﹤0.01% |
38,900
| – | – |
|
|
WG
2313
DELISTED
Willbros Group
WG
| $1.37M | ﹤0.01% |
164,029
-200
| -0.1% | -$2.19K |
|
|
LKM
2314
DELISTED
Link Motion Inc.
LKM
| $1.36M | ﹤0.01% |
195,900
| – | – |
|
|
PSEM
2315
DELISTED
PERICOM SEMICONDUCTOR CP
PSEM
| $1.36M | ﹤0.01% |
139,900
+25,500
| +22% | +$239K |
|
2316
Icahn Enterprises
IEP
$5.39B
| $1.35M | ﹤0.01% |
12,800
| – | – |
|
2317
Calix
CALX
$2.49B
| $1.35M | ﹤0.01% |
141,500
+54,000
| +62% | +$502K |
|
2318
Pacific Biosciences
PACB
$354M
| $1.35M | ﹤0.01% |
275,050
| – | – |
|
2319
National Presto Industries
NPK
$991M
| $1.35M | ﹤0.01% |
22,200
+1,500
| +7% | +$99.6K |
|
|
MITT
2320
TPG Mortgage Investment Trust
MITT
$214M
| $1.35M | ﹤0.01% |
25,233
+2,066
| +9% | +$118K |
|
|
TESS
2321
DELISTED
Tessco Technologies Inc
TESS
| $1.35M | ﹤0.01% |
46,475
+2,200
| +5% | +$68.1K |
|
2322
National Healthcare
NHC
$3.39B
| $1.34M | ﹤0.01% |
24,200
+5,800
| +32% | +$328K |
|
2323
Marcus Corp
MCS
$884M
| $1.34M | ﹤0.01% |
84,900
+1,200
| +1% | +$21.7K |
|
2324
Arrow Financial
AROW
$644M
| $1.33M | ﹤0.01% |
68,620
+2,466
| +4% | +$48.8K |
|
|
MNTA
2325
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $1.33M | ﹤0.01% |
117,300
| – | – |
|
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.