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 | |
|---|---|---|---|---|---|---|
1226
Acadia Healthcare
ACHC
$2.82B
| $3.57M | ﹤0.01% |
194,524
-90,862
| -32% | -$2.6M |
|
1227
Simply Good Foods
SMPL
$989M
| $3.57M | ﹤0.01% |
185,232
-280,824
| -60% | -$6.14M |
|
1228
Plexus
PLXS
$7.04B
| $3.57M | ﹤0.01% |
65,381
-12,457
| -16% | -$840K |
|
1229
Under Armour
UAA
$2.3B
| $3.54M | ﹤0.01% |
384,900
-20,800
| -5% | -$334K |
|
|
ECHO
1230
EchoStar
ECHO
$26.6B
| $3.54M | ﹤0.01% |
110,851
-1,600
| -1% | -$59.9K |
|
1231
Moog Inc Class A
MOG.A
$13.5B
| $3.54M | ﹤0.01% |
70,114
-5,900
| -8% | -$459K |
|
1232
Fox Factory Holding Corp
FOXF
$886M
| $3.54M | ﹤0.01% |
84,329
-19,342
| -19% | -$1.22M |
|
1233
Targa Resources
TRGP
$57.2B
| $3.54M | ﹤0.01% |
512,571
+7,824
| +2% | +$233K |
|
|
AAN.A
1234
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $3.54M | ﹤0.01% |
155,335
-39,761
| -20% | -$906K |
|
|
EPAY
1235
DELISTED
Bottomline Technologies Inc
EPAY
| $3.54M | ﹤0.01% |
96,503
-3,900
| -4% | -$180K |
|
|
JOBS
1236
DELISTED
51job Inc
JOBS
| $3.54M | ﹤0.01% |
57,606
+709
| +1% | +$53.9K |
|
|
ICPT
1237
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $3.53M | ﹤0.01% |
56,029
-27,936
| -33% | -$2.51M |
|
1238
Spectrum Brands
SPB
$2.09B
| $3.53M | ﹤0.01% |
96,985
+3,872
| +4% | +$209K |
|
1239
APA Corp
APA
$14B
| $3.52M | ﹤0.01% |
841,878
+12,775
| +2% | +$285K |
|
1240
CONMED
CNMD
$1.49B
| $3.52M | ﹤0.01% |
61,431
-14,134
| -19% | -$1.3M |
|
1241
AutoNation
AN
$6.89B
| $3.51M | ﹤0.01% |
125,217
+2,011
| +2% | +$83K |
|
1242
Ironwood Pharmaceuticals
IRWD
$674M
| $3.5M | ﹤0.01% |
347,270
+27,470
| +9% | +$323K |
|
|
OPLN
1243
Openlane
OPLN
$4.33B
| $3.5M | ﹤0.01% |
291,465
-23,800
| -8% | -$465K |
|
1244
Cleveland-Cliffs
CLF
$6.93B
| $3.5M | ﹤0.01% |
885,274
-67,418
| -7% | -$424K |
|
1245
FS KKR Capital
FSK
$3.49B
| $3.49M | ﹤0.01% |
290,637
-23,150
| -7% | -$496K |
|
1246
Ambarella
AMBA
$3.6B
| $3.48M | ﹤0.01% |
71,633
-2,112
| -3% | -$121K |
|
1247
Badger Meter
BMI
$3.78B
| $3.46M | ﹤0.01% |
64,519
-3,055
| -5% | -$186K |
|
1248
WesBanco
WSBC
$4.1B
| $3.46M | ﹤0.01% |
145,793
-40,270
| -22% | -$1.26M |
|
1249
Capri Holdings
CPRI
$1.77B
| $3.44M | ﹤0.01% |
318,739
+15,539
| +5% | +$408K |
|
1250
International Bancshares
IBOC
$4.57B
| $3.43M | ﹤0.01% |
127,594
-40,532
| -24% | -$1.45M |
|
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.