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 | |
|---|---|---|---|---|---|---|
1276
Prospect Capital
PSEC
$1.15B
| $3.33M | ﹤0.01% |
783,000
-35,000
| -4% | -$207K |
|
1277
Albany International
AIN
$1.81B
| $3.32M | ﹤0.01% |
70,081
-1,363
| -2% | -$89.2K |
|
1278
Ingevity
NGVT
$2.62B
| $3.31M | ﹤0.01% |
93,992
-64,333
| -41% | -$3.76M |
|
|
UCB
1279
United Community Banks
UCB
$4.43B
| $3.3M | ﹤0.01% |
180,469
-62,931
| -26% | -$1.62M |
|
|
SC
1280
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $3.3M | ﹤0.01% |
237,104
-75,521
| -24% | -$1.68M |
|
1281
Chemours
CC
$2.29B
| $3.28M | ﹤0.01% |
369,465
+5,400
| +1% | +$77.9K |
|
1282
H.B. Fuller
FUL
$3.24B
| $3.26M | ﹤0.01% |
116,858
-56,499
| -33% | -$2.37M |
|
1283
First Financial Bancorp
FFBC
$3.6B
| $3.26M | ﹤0.01% |
218,875
-10,800
| -5% | -$232K |
|
1284
Builders FirstSource
BLDR
$7.79B
| $3.25M | ﹤0.01% |
265,751
-12,183
| -4% | -$275K |
|
|
TMHC
1285
DELISTED
Taylor Morrison
TMHC
| $3.25M | ﹤0.01% |
295,450
-91,563
| -24% | -$1.97M |
|
1286
Graham Holdings Company
GHC
$5.03B
| $3.24M | ﹤0.01% |
9,488
+217
| +2% | +$110K |
|
1287
Cal-Maine
CALM
$3.86B
| $3.24M | ﹤0.01% |
73,576
-400
| -0.5% | -$15.1K |
|
1288
Ameris Bancorp
ABCB
$5.94B
| $3.23M | ﹤0.01% |
136,050
-46,401
| -25% | -$1.65M |
|
|
FG
1289
DELISTED
FGL Holdings Ordinary Shares
FG
| $3.23M | ﹤0.01% |
329,242
+5,100
| +2% | +$53.9K |
|
1290
Copa Holdings
CPA
$6.14B
| $3.22M | ﹤0.01% |
71,179
-3,500
| -5% | -$299K |
|
1291
Forward Air
FWRD
$658M
| $3.22M | ﹤0.01% |
63,542
-3,600
| -5% | -$219K |
|
|
HI
1292
DELISTED
Hillenbrand
HI
| $3.21M | ﹤0.01% |
168,141
-130,585
| -44% | -$3.39M |
|
1293
First Merchants
FRME
$2.72B
| $3.21M | ﹤0.01% |
121,197
-48,944
| -29% | -$1.79M |
|
|
CXP
1294
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $3.21M | ﹤0.01% |
256,863
+7,900
| +3% | +$148K |
|
|
FMBI
1295
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $3.21M | ﹤0.01% |
242,485
-84,808
| -26% | -$1.6M |
|
|
CSGS
1296
DELISTED
CSG Systems International
CSGS
| $3.21M | ﹤0.01% |
76,583
-30,123
| -28% | -$1.43M |
|
1297
Under Armour Class C
UA
$2.2B
| $3.2M | ﹤0.01% |
397,100
-10,900
| -3% | -$156K |
|
1298
SPX Corp
SPXC
$10.9B
| $3.19M | ﹤0.01% |
97,900
-103,644
| -51% | -$4.67M |
|
1299
Monro
MNRO
$359M
| $3.19M | ﹤0.01% |
72,735
-5,000
| -6% | -$303K |
|
1300
LivePerson
LPSN
$35.9M
| $3.19M | ﹤0.01% |
9,337
+280
| +3% | +$136K |
|
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.