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 | |
|---|---|---|---|---|---|---|
|
ATRI
1576
DELISTED
Atrion Corp
ATRI
| $2.06M | ﹤0.01% |
3,165
-300
| -9% | -$205K |
|
1577
Seacoast Banking Corp of Florida
SBCF
$3.5B
| $2.06M | ﹤0.01% |
112,277
-5,400
| -5% | -$137K |
|
1578
Installed Building Products
IBP
$6.49B
| $2.05M | ﹤0.01% |
51,465
-24,828
| -33% | -$1.61M |
|
1579
Carpenter Technology
CRS
$26.7B
| $2.05M | ﹤0.01% |
104,925
-64,610
| -38% | -$2.41M |
|
1580
Enerpac Tool Group
EPAC
$1.88B
| $2.04M | ﹤0.01% |
123,388
-87,205
| -41% | -$1.94M |
|
1581
Verra Mobility
VRRM
$722M
| $2.04M | ﹤0.01% |
285,838
-60,448
| -17% | -$805K |
|
1582
Mesa Laboratories
MLAB
$625M
| $2.04M | ﹤0.01% |
9,010
| – | – |
|
|
SVC
1583
Service Properties Trust
SVC
$1.07B
| $2.03M | ﹤0.01% |
75,311
+3,357
| +5% | +$301K |
|
1584
Hecla Mining
HL
$12.6B
| $2.03M | ﹤0.01% |
1,115,855
+57,500
| +5% | +$159K |
|
|
FTCH
1585
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $2.03M | ﹤0.01% |
256,700
+4,400
| +2% | +$47.5K |
|
1586
First Commonwealth Financial
FCF
$2.19B
| $2.02M | ﹤0.01% |
221,335
-10,700
| -5% | -$132K |
|
1587
Lindsay Corp
LNN
$1.17B
| $2.02M | ﹤0.01% |
22,000
-1,100
| -5% | -$108K |
|
|
ODP
1588
DELISTED
ODP
ODP
| $2.02M | ﹤0.01% |
122,846
+3,856
| +3% | +$86.2K |
|
1589
Lakeland Financial Corp
LKFN
$1.56B
| $2.01M | ﹤0.01% |
54,783
-9,333
| -15% | -$406K |
|
1590
Bank of N.T. Butterfield & Son
NTB
$2.51B
| $2.01M | ﹤0.01% |
118,178
-1,900
| -2% | -$55.8K |
|
1591
Acushnet Holdings
GOLF
$5.28B
| $2.01M | ﹤0.01% |
78,214
-1,900
| -2% | -$54.6K |
|
1592
Heron Therapeutics
HRTX
$63.3M
| $2.01M | ﹤0.01% |
171,300
-107,436
| -39% | -$2.02M |
|
1593
LGI Homes
LGIH
$1.38B
| $2.01M | ﹤0.01% |
44,547
+800
| +2% | +$59.4K |
|
1594
Plug Power
PLUG
$3.3B
| $2.01M | ﹤0.01% |
567,537
+2,500
| +0.4% | +$10.2K |
|
|
SCS
1595
DELISTED
Steelcase
SCS
| $2M | ﹤0.01% |
202,992
-117,390
| -37% | -$1.94M |
|
1596
Supernus Pharmaceuticals
SUPN
$2.74B
| $2M | ﹤0.01% |
111,423
-41,958
| -27% | -$882K |
|
1597
Innovative Industrial Properties
IIPR
$1.65B
| $2M | ﹤0.01% |
26,363
-9,849
| -27% | -$832K |
|
|
BRKL
1598
DELISTED
Brookline Bancorp
BRKL
| $2M | ﹤0.01% |
177,366
-44,700
| -20% | -$638K |
|
1599
Yext
YEXT
$596M
| $2M | ﹤0.01% |
196,300
-3,800
| -2% | -$54.5K |
|
1600
First Busey Corp
BUSE
$2.58B
| $2M | ﹤0.01% |
116,829
-6,900
| -6% | -$159K |
|
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.