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 | |
|---|---|---|---|---|---|---|
|
PWOD
2526
DELISTED
Penns Woods Bancorp
PWOD
| $394K | ﹤0.01% |
16,204
-3,758
| -19% | -$111K |
|
|
ITIC
2527
Investors Title Co
ITIC
$534M
| $391K | ﹤0.01% |
3,057
-1,600
| -34% | -$246K |
|
2528
Utz Brands
UTZ
$1.25B
| $390K | ﹤0.01% |
38,099
-8,109
| -18% | -$85.7K |
|
2529
Bank First Corp
BFC
$1.76B
| $389K | ﹤0.01% |
6,944
+200
| +3% | +$12.3K |
|
|
SOGO
2530
DELISTED
Sogou Inc. American Depositary Shares, each representing one Class A Ordinary Share
SOGO
| $387K | ﹤0.01% |
115,068
+2,119
| +2% | +$9.02K |
|
2531
Central Garden & Pet Co
CENT
$2.78B
| $386K | ﹤0.01% |
17,528
+2,625
| +18% | +$62K |
|
2532
Geospace Technologies
GEOS
$66.5M
| $386K | ﹤0.01% |
60,238
-23,662
| -28% | -$281K |
|
|
BREW
2533
DELISTED
Craft Brew Alliance, Inc.
BREW
| $384K | ﹤0.01% |
25,797
-10,093
| -28% | -$158K |
|
2534
Hess Midstream
HESM
$5.11B
| $383K | ﹤0.01% |
37,722
-20,686
| -35% | -$389K |
|
2535
Cooper-Standard Automotive
CPS
$484M
| $382K | ﹤0.01% |
37,174
+433
| +1% | +$9.3K |
|
2536
Village Super Market
VLGEA
$638M
| $382K | ﹤0.01% |
15,546
-5,343
| -26% | -$118K |
|
|
FBM
2537
DELISTED
Foundation Building Materials, Inc. Common Stock
FBM
| $382K | ﹤0.01% |
37,078
+14,414
| +64% | +$234K |
|
|
CNBKA
2538
DELISTED
Century Bancorp Inc/Mass
CNBKA
| $380K | ﹤0.01% |
6,099
-12,513
| -67% | -$988K |
|
|
CBMG
2539
DELISTED
Cellular Biomedicine Group, Inc.
CBMG
| $380K | ﹤0.01% |
24,000
| – | – |
|
2540
Bally's
BALY
$660M
| $378K | ﹤0.01% |
29,061
+3,263
| +13% | +$75.2K |
|
2541
Neurogene
NGNE
$713M
| $377K | ﹤0.01% |
1,655
-1,185
| -42% | -$244K |
|
2542
Tejon Ranch
TRC
$443M
| $376K | ﹤0.01% |
+26,778
| New | +$411K |
|
2543
Transcat
TRNS
$888M
| $376K | ﹤0.01% |
14,204
-3,700
| -21% | -$111K |
|
|
BCOV
2544
DELISTED
Brightcove, Inc.
BCOV
| $375K | ﹤0.01% |
53,812
+4,900
| +10% | +$39.5K |
|
2545
RGC Resources
RGCO
$226M
| $373K | ﹤0.01% |
12,900
| – | – |
|
2546
Allient
ALNT
$1.86B
| $372K | ﹤0.01% |
23,561
-10,200
| -30% | -$274K |
|
2547
Arlo Technologies
ARLO
$1.54B
| $372K | ﹤0.01% |
153,117
-65,900
| -30% | -$229K |
|
2548
Century Aluminum
CENX
$4.59B
| $371K | ﹤0.01% |
102,400
+12,200
| +14% | +$68.3K |
|
2549
Daily Journal
DJCO
$828M
| $371K | ﹤0.01% |
1,626
+100
| +7% | +$26.3K |
|
2550
Peoples Financial Services
PFIS
$717M
| $371K | ﹤0.01% |
9,328
+100
| +1% | +$4.55K |
|
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.