Largest U.S. Pension Bought Bloom Energy, Sold Microsoft Stock in the Third Quarter

The California Public Employees’ Retirement System, best known as Calpers, is the largest pension system in the U.S. by assets. A recent securities filing shows the agency made key changes to its holdings from the second and third quarters. Calpers filed a Form 13F with the Securities and Exchange Commission on Nov. 14 showing it took a stake in Bloom Energy through the purchase of 361,883 shares, worth $30.6 million at the time.