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 | |
|---|---|---|---|---|---|---|
1551
Gray Television
GTN
$531M
| $2.18M | ﹤0.01% |
202,902
-47,463
| -19% | -$859K |
|
1552
Virtu Financial
VIRT
$5.05B
| $2.17M | ﹤0.01% |
104,303
-3,734
| -3% | -$69K |
|
|
CSW
1553
CSW Industrials
CSW
$5.63B
| $2.17M | ﹤0.01% |
33,429
-1,700
| -5% | -$123K |
|
1554
Southside Bancshares
SBSI
$987M
| $2.17M | ﹤0.01% |
71,303
-3,500
| -5% | -$118K |
|
1555
Fluor
FLR
$7.12B
| $2.16M | ﹤0.01% |
313,110
+4,600
| +1% | +$64.2K |
|
|
ALTR
1556
DELISTED
Altair Engineering Inc
ALTR
| $2.16M | ﹤0.01% |
81,500
-2,100
| -3% | -$72K |
|
1557
Penske Automotive Group
PAG
$14.4B
| $2.16M | ﹤0.01% |
77,046
-309
| -0.4% | -$13.4K |
|
|
DRNA
1558
DELISTED
Dicerna Pharmaceuticals, Inc.
DRNA
| $2.16M | ﹤0.01% |
117,375
-1,800
| -2% | -$35K |
|
|
RCM
1559
DELISTED
R1 RCM Inc. Common Stock
RCM
| $2.15M | ﹤0.01% |
236,827
-9,609
| -4% | -$116K |
|
|
WCC
1560
WESCO International
WCC
$17.5B
| $2.15M | ﹤0.01% |
94,032
-33,805
| -26% | -$1.44M |
|
1561
Middlesex Water
MSEX
$1.11B
| $2.15M | ﹤0.01% |
35,694
-60,700
| -63% | -$3.84M |
|
1562
Plains GP Holdings
PAGP
$5.07B
| $2.13M | ﹤0.01% |
380,529
+29,000
| +8% | +$408K |
|
1563
Sally Beauty Holdings
SBH
$1.54B
| $2.13M | ﹤0.01% |
263,867
-3,720
| -1% | -$49.4K |
|
1564
Boise Cascade
BCC
$2.92B
| $2.13M | ﹤0.01% |
89,369
-24,458
| -21% | -$831K |
|
|
CALY
1565
Callaway Golf Company
CALY
$2.97B
| $2.13M | ﹤0.01% |
207,966
-282,442
| -58% | -$4.87M |
|
|
MTOR
1566
DELISTED
MERITOR, Inc.
MTOR
| $2.12M | ﹤0.01% |
159,828
-177,111
| -53% | -$3.82M |
|
|
ROIC
1567
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $2.11M | ﹤0.01% |
254,586
+14,400
| +6% | +$214K |
|
|
INFN
1568
DELISTED
Infinera Corporation Common Stock
INFN
| $2.11M | ﹤0.01% |
397,824
-617,888
| -61% | -$4.24M |
|
1569
Inogen
INGN
$154M
| $2.1M | ﹤0.01% |
40,728
+2,006
| +5% | +$96.4K |
|
1570
Terex
TEX
$7.78B
| $2.1M | ﹤0.01% |
146,154
-53,886
| -27% | -$1.22M |
|
1571
La-Z-Boy
LZB
$1.67B
| $2.09M | ﹤0.01% |
101,772
-11,100
| -10% | -$315K |
|
|
TRHC
1572
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
| $2.08M | ﹤0.01% |
39,800
+700
| +2% | +$37.9K |
|
|
CVGW
1573
DELISTED
Calavo Growers
CVGW
| $2.08M | ﹤0.01% |
35,999
-1,900
| -5% | -$134K |
|
|
SWN
1574
DELISTED
Southwestern Energy Company
SWN
| $2.08M | ﹤0.01% |
1,229,215
-530,174
| -30% | -$920K |
|
|
BECN
1575
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $2.06M | ﹤0.01% |
124,522
-25,788
| -17% | -$750K |
|
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.