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 |
Verizon
VZ
|
+$175M |
| 2 |
Oracle
ORCL
|
+$148M |
| 3 |
CME Group
CME
|
+$115M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$110M |
| 5 |
Intercontinental Exchange
ICE
|
+$94.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$334M |
| 2 |
RTX Corp
RTX
|
+$289M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$224M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$201M |
| 5 |
Elevance Health
ELV
|
+$174M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.63% |
| 2 | Financials | 13.69% |
| 3 | Healthcare | 13.66% |
| 4 | Consumer Discretionary | 9.88% |
| 5 | Consumer Staples | 9.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
LORL
2476
DELISTED
Loral Space and Communications, Inc.
LORL
| $429K | ﹤0.01% |
26,376
+3,500
| +15% | +$102K |
|
2477
Genesco
GCO
$394M
| $428K | ﹤0.01% |
32,080
-41,715
| -57% | -$1.41M |
|
2478
Nathan's Famous
NATH
$397M
| $428K | ﹤0.01% |
7,012
-1,985
| -22% | -$128K |
|
2479
Oppenheimer Holdings
OPY
$1.23B
| $427K | ﹤0.01% |
21,614
-1,000
| -4% | -$24.4K |
|
|
WSR
2480
DELISTED
Whitestone REIT
WSR
| $427K | ﹤0.01% |
68,867
+7,200
| +12% | +$84.8K |
|
2481
Precision BioSciences
DTIL
$201M
| $426K | ﹤0.01% |
+2,353
| New | +$616K |
|
|
SHOE
2482
Shoe Station Group
SHOE
$415M
| $426K | ﹤0.01% |
41,060
-51,712
| -56% | -$813K |
|
|
FINV
2483
FinVolution Group
FINV
$1.07B
| $425K | ﹤0.01% |
238,568
+3,546
| +2% | +$7.03K |
|
|
AVID
2484
DELISTED
Avid Technology Inc
AVID
| $424K | ﹤0.01% |
62,956
-19,700
| -24% | -$156K |
|
|
AMAG
2485
DELISTED
AMAG Pharmaceuticals
AMAG
| $424K | ﹤0.01% |
68,600
-4,700
| -6% | -$41.4K |
|
2486
Teekay
TK
$1.06B
| $423K | ﹤0.01% |
133,714
+17,412
| +15% | +$62.7K |
|
|
HIBB
2487
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $422K | ﹤0.01% |
38,579
-48,500
| -56% | -$1.01M |
|
2488
China Yuchai International
CYD
$1.71B
| $421K | ﹤0.01% |
39,136
-20,100
| -34% | -$241K |
|
|
NGM
2489
DELISTED
NGM Biopharmaceuticals, Inc. Common Stock
NGM
| $421K | ﹤0.01% |
+34,150
| New | +$558K |
|
|
FLY
2490
DELISTED
Fly Leasing Limited
FLY
| $421K | ﹤0.01% |
59,816
+12,000
| +25% | +$184K |
|
|
ACRE
2491
Ares Commercial Real Estate
ACRE
$264M
| $420K | ﹤0.01% |
60,145
+19,100
| +47% | +$271K |
|
2492
Beazer Homes USA
BZH
$874M
| $420K | ﹤0.01% |
65,261
-65,266
| -50% | -$808K |
|
|
CLCT
2493
DELISTED
Collectors Universe
CLCT
| $420K | ﹤0.01% |
26,831
-54,869
| -67% | -$1.23M |
|
2494
Southern Missouri Bancorp
SMBC
$850M
| $419K | ﹤0.01% |
17,246
-2,500
| -13% | -$84.6K |
|
|
BFYT
2495
DELISTED
Benefytt Technologies, Inc. Class A Common Stock
BFYT
| $419K | ﹤0.01% |
18,700
| – | – |
|
2496
Select Water Solutions
WTTR
$2.63B
| $418K | ﹤0.01% |
129,490
+5,300
| +4% | +$33.7K |
|
|
CUTR
2497
DELISTED
Cutera, Inc.
CUTR
| $417K | ﹤0.01% |
31,910
-14,700
| -32% | -$371K |
|
2498
Southern First Bancshares
SFST
$612M
| $416K | ﹤0.01% |
14,676
| – | – |
|
2499
USA Compression Partners
USAC
$3.78B
| $416K | ﹤0.01% |
73,523
+28,600
| +64% | +$380K |
|
|
NEX
2500
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $416K | ﹤0.01% |
355,405
-71,158
| -17% | -$312K |
|
Similar funds
California Public Employees Retirement System's Q1 2020 Portfolio in Review
As of Q1 2020, California Public Employees Retirement System held 3,465 positions worth $82.6B, down 25% from $110B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
California Public Employees Retirement System withdrew a net $6.6B in Q1 2020, closing 83 positions and reducing 2,104 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $334M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.
Against the trend, California Public Employees Retirement System opened a new position in Diversified Healthcare Trust worth $1.94M.
- California Public Employees Retirement System's largest Q1 2020 buy was Diversified Healthcare Trust: 534,915 shares worth $1.94M.
- California Public Employees Retirement System added most to Verizon in Q1 2020, an estimated $175M increase.
- California Public Employees Retirement System's biggest Q1 2020 reduction was Alphabet (Google) Class A, cutting an estimated $224M.
- California Public Employees Retirement System fully exited State Street SPDR S&P 500 ETF Trust in Q1 2020, selling an estimated $334M.
- California Public Employees Retirement System's ten largest holdings make up 18% of its $82.6B portfolio in Q1 2020.
- California Public Employees Retirement System opened 29 new positions and closed 83 in Q1 2020.
- California Public Employees Retirement System's portfolio value fell 25% quarter-over-quarter to $82.6B.
Based on California Public Employees Retirement System's 13F filing for Q1 2020, filed 12 May 2020.