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 | 19.81% |
| 2 | Healthcare | 13.89% |
| 3 | Financials | 13.77% |
| 4 | Consumer Discretionary | 9.93% |
| 5 | Consumer Staples | 9.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PRA
1351
DELISTED
ProAssurance
PRA
| $2.99M | ﹤0.01% |
119,534
+1,800
| +2% | +$54.3K |
|
1352
Visteon
VC
$2.84B
| $2.98M | ﹤0.01% |
62,109
-30,789
| -33% | -$2.23M |
|
1353
Advanced Drainage Systems
WMS
$11.3B
| $2.98M | ﹤0.01% |
101,095
-34,549
| -25% | -$1.39M |
|
1354
Tradeweb Markets
TW
$21.9B
| $2.95M | ﹤0.01% |
70,076
-28,817
| -29% | -$1.32M |
|
1355
Cushman & Wakefield Ltd
CWK
$3.24B
| $2.94M | ﹤0.01% |
250,817
+8,700
| +4% | +$150K |
|
1356
Edgewell Personal Care
EPC
$1.32B
| $2.94M | ﹤0.01% |
122,236
-24,554
| -17% | -$734K |
|
|
OPI
1357
DELISTED
Office Properties Income Trust
OPI
| $2.94M | ﹤0.01% |
107,840
-28,500
| -21% | -$881K |
|
1358
Matsons
MATX
$6.41B
| $2.94M | ﹤0.01% |
95,875
+1,665
| +2% | +$58.9K |
|
1359
LendingTree
TREE
$461M
| $2.94M | ﹤0.01% |
16,005
-1,136
| -7% | -$321K |
|
1360
Compass Minerals
CMP
$1.12B
| $2.92M | ﹤0.01% |
75,982
+1,165
| +2% | +$63.5K |
|
1361
STAAR Surgical
STAA
$1.26B
| $2.92M | ﹤0.01% |
90,600
-5,000
| -5% | -$169K |
|
|
UHT
1362
Universal Health Realty Income Trust
UHT
$573M
| $2.92M | ﹤0.01% |
28,963
+1,382
| +5% | +$152K |
|
1363
Insmed
INSM
$28.9B
| $2.91M | ﹤0.01% |
181,500
-90,603
| -33% | -$2.15M |
|
1364
Four Corners Property Trust
FCPT
$2.74B
| $2.91M | ﹤0.01% |
155,344
-5,400
| -3% | -$146K |
|
1365
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.44B
| $2.9M | ﹤0.01% |
142,266
-56,500
| -28% | -$1.79M |
|
1366
Employers Holdings
EIG
$864M
| $2.89M | ﹤0.01% |
71,423
-3,400
| -5% | -$139K |
|
1367
AeroVironment
AVAV
$9.59B
| $2.89M | ﹤0.01% |
47,421
-23,532
| -33% | -$1.47M |
|
|
WPX
1368
DELISTED
WPX Energy, Inc.
WPX
| $2.89M | ﹤0.01% |
947,612
-270,228
| -22% | -$2.55M |
|
|
SHLX
1369
DELISTED
Shell Midstream Partners, L.P.
SHLX
| $2.89M | ﹤0.01% |
289,488
+9,600
| +3% | +$164K |
|
|
CORE
1370
DELISTED
Core Mark Holding Co., Inc.
CORE
| $2.89M | ﹤0.01% |
101,105
-20,889
| -17% | -$518K |
|
1371
Minerals Technologies
MTX
$2.25B
| $2.88M | ﹤0.01% |
79,542
-24,861
| -24% | -$1.2M |
|
1372
Bilibili
BILI
$7.14B
| $2.88M | ﹤0.01% |
122,875
+1,523
| +1% | +$36.8K |
|
|
TERP
1373
DELISTED
TerraForm Power, Inc
TERP
| $2.86M | ﹤0.01% |
181,518
-47,302
| -21% | -$823K |
|
|
GCP
1374
DELISTED
GCP Applied Technologies Inc.
GCP
| $2.86M | ﹤0.01% |
160,647
+2,842
| +2% | +$60.2K |
|
|
BEAT
1375
DELISTED
BioTelemetry, Inc.
BEAT
| $2.85M | ﹤0.01% |
74,027
-5,813
| -7% | -$268K |
|
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 Healthcare and Financials.
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.