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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$320M |
| 2 |
Alibaba
BABA
|
+$242M |
| 3 |
Verizon
VZ
|
+$220M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$196M |
| 5 |
Amazon
AMZN
|
+$149M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$168M |
| 2 |
UnitedHealth
UNH
|
+$165M |
| 3 |
Procter & Gamble
PG
|
+$119M |
| 4 |
Honeywell
HON
|
+$106M |
| 5 |
Progressive
PGR
|
+$102M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.74% |
| 2 | Financials | 15.18% |
| 3 | Healthcare | 13.09% |
| 4 | Consumer Discretionary | 9.99% |
| 5 | Consumer Staples | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1976
Heritage Insurance Holdings
HRTG
$988M
| $2.19M | ﹤0.01% |
164,960
+151,994
| +1,172% | +$2.09M |
|
1977
Unisys
UIS
$208M
| $2.18M | ﹤0.01% |
183,964
-19,400
| -10% | -$195K |
|
1978
The Greenbrier Companies
GBX
$1.43B
| $2.18M | ﹤0.01% |
67,200
-8,252
| -11% | -$247K |
|
1979
DMC Global
BOOM
$157M
| $2.18M | ﹤0.01% |
48,473
-7,700
| -14% | -$342K |
|
|
NSTG
1980
DELISTED
NanoString Technologies, Inc.
NSTG
| $2.16M | ﹤0.01% |
77,762
-5,581
| -7% | -$135K |
|
|
DCOM
1981
DELISTED
Dime Community Bancshares
DCOM
| $2.16M | ﹤0.01% |
103,532
-5,422
| -5% | -$111K |
|
1982
Standex International
SXI
$4B
| $2.16M | ﹤0.01% |
27,188
-1,837
| -6% | -$140K |
|
|
PS
1983
DELISTED
Pluralsight, Inc. Class A Common Stock
PS
| $2.16M | ﹤0.01% |
125,349
+9,466
| +8% | +$161K |
|
1984
Virtus Investment Partners
VRTS
$1.14B
| $2.16M | ﹤0.01% |
17,711
+800
| +5% | +$89.2K |
|
1985
Conduent
CNDT
$241M
| $2.15M | ﹤0.01% |
346,600
+25,808
| +8% | +$161K |
|
|
LX
1986
LexinFintech Holdings
LX
$232M
| $2.14M | ﹤0.01% |
154,032
+9,886
| +7% | +$113K |
|
|
NPKI
1987
NPK International
NPKI
$1.2B
| $2.13M | ﹤0.01% |
340,439
+163,562
| +92% | +$1.07M |
|
1988
MYR Group
MYRG
$5.17B
| $2.13M | ﹤0.01% |
65,416
+42,736
| +188% | +$1.41M |
|
|
CISN
1989
DELISTED
Cision Ltd. Ordinary Share
CISN
| $2.13M | ﹤0.01% |
213,550
+24,100
| +13% | +$230K |
|
1990
Gaotu Techedu
GOTU
$401M
| $2.13M | ﹤0.01% |
+97,240
| New | +$1.65M |
|
|
AERI
1991
DELISTED
Aerie Pharmaceuticals
AERI
| $2.12M | ﹤0.01% |
87,800
+17,500
| +25% | +$362K |
|
1992
New Mountain Finance
NMFC
$733M
| $2.12M | ﹤0.01% |
154,200
+25,800
| +20% | +$349K |
|
1993
America's Car Mart
CRMT
$25.2M
| $2.11M | ﹤0.01% |
19,279
-6,360
| -25% | -$615K |
|
1994
Stewart Information Services
STC
$2.07B
| $2.11M | ﹤0.01% |
51,768
-3,383
| -6% | -$139K |
|
1995
Children's Place
PLCE
$53.1M
| $2.1M | ﹤0.01% |
33,643
+1,800
| +6% | +$131K |
|
1996
ProPetro Holding
PUMP
$1.46B
| $2.1M | ﹤0.01% |
186,613
+20,902
| +13% | +$187K |
|
1997
Par Pacific Holdings
PARR
$4.02B
| $2.1M | ﹤0.01% |
90,151
-353
| -0.4% | -$8.42K |
|
|
APTS
1998
DELISTED
Preferred Apartment Communities, Inc.
APTS
| $2.09M | ﹤0.01% |
157,103
+85,716
| +120% | +$1.18M |
|
|
CARO
1999
DELISTED
Carolina Financial Corp.
CARO
| $2.09M | ﹤0.01% |
48,404
+3,109
| +7% | +$122K |
|
2000
Stock Yards Bancorp
SYBT
$2.66B
| $2.09M | ﹤0.01% |
50,800
+5,805
| +13% | +$230K |
|
Similar funds
California Public Employees Retirement System's Q4 2019 Portfolio in Review
As of Q4 2019, California Public Employees Retirement System held 3,487 positions worth $110B, up 9.7% from $101B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
California Public Employees Retirement System's Q4 2019 filing shows 228 new, 1,918 increased, 914 reduced and 50 closed positions. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 1,037,752 shares worth $334M. The largest sale was Celgene Corp, an estimated $168M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 17% a quarter earlier, followed by Financials and Healthcare.
- California Public Employees Retirement System's largest Q4 2019 buy was State Street SPDR S&P 500 ETF Trust: 1,037,752 shares worth $334M.
- California Public Employees Retirement System added most to Alibaba in Q4 2019, an estimated $242M increase.
- California Public Employees Retirement System's biggest Q4 2019 reduction was UnitedHealth, cutting an estimated $165M.
- California Public Employees Retirement System fully exited Celgene Corp in Q4 2019, selling an estimated $168M.
- California Public Employees Retirement System's ten largest holdings make up 15% of its $110B portfolio in Q4 2019.
- California Public Employees Retirement System opened 228 new positions and closed 50 in Q4 2019.
- California Public Employees Retirement System's portfolio value rose 9.7% quarter-over-quarter to $110B.
Based on California Public Employees Retirement System's 13F filing for Q4 2019, filed 27 Jan 2020.