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 | |
|---|---|---|---|---|---|---|
|
USAP
2026
DELISTED
Universal Stainless & Alloy
USAP
| $978K | ﹤0.01% |
126,877
-523
| -0.4% | -$6.15K |
|
2027
MidCap Financial Investment
MFIC
$801M
| $976K | ﹤0.01% |
144,647
-16,400
| -10% | -$245K |
|
2028
Atara Biotherapeutics
ATRA
$74.5M
| $975K | ﹤0.01% |
4,581
+316
| +7% | +$100K |
|
|
SRDX
2029
DELISTED
Surmodics
SRDX
| $970K | ﹤0.01% |
29,122
+800
| +3% | +$28.9K |
|
2030
Gossamer Bio
GOSS
$78.8M
| $969K | ﹤0.01% |
95,423
+13,400
| +16% | +$175K |
|
2031
Pacific Biosciences
PACB
$364M
| $968K | ﹤0.01% |
316,424
-3,300
| -1% | -$13.5K |
|
2032
Griffon
GFF
$4.75B
| $965K | ﹤0.01% |
76,269
+7,160
| +10% | +$129K |
|
2033
Arbor Realty Trust
ABR
$965M
| $964K | ﹤0.01% |
196,756
-77,840
| -28% | -$952K |
|
2034
Endava
DAVA
$164M
| $964K | ﹤0.01% |
27,427
+13,029
| +90% | +$592K |
|
|
HSII
2035
DELISTED
Heidrick & Struggles
HSII
| $964K | ﹤0.01% |
42,825
-523
| -1% | -$13.9K |
|
2036
Intellia Therapeutics
NTLA
$1.64B
| $964K | ﹤0.01% |
78,800
+12,500
| +19% | +$168K |
|
2037
Cohu
COHU
$2.73B
| $963K | ﹤0.01% |
77,775
+9,360
| +14% | +$191K |
|
|
KBAL
2038
DELISTED
Kimball International
KBAL
| $961K | ﹤0.01% |
80,674
-43,698
| -35% | -$727K |
|
2039
Kelly Services Class A
KELYA
$553M
| $959K | ﹤0.01% |
75,544
-3,600
| -5% | -$62.7K |
|
|
PRSU
2040
Pursuit Attractions and Hospitality Inc
PRSU
$1.31B
| $957K | ﹤0.01% |
45,083
+800
| +2% | +$41.2K |
|
|
ADAM
2041
Adamas Trust
ADAM
$912M
| $956K | ﹤0.01% |
154,151
+26,421
| +21% | +$556K |
|
2042
Prothena Corp
PRTA
$458M
| $956K | ﹤0.01% |
89,340
+4,400
| +5% | +$53.3K |
|
|
SG
2043
DELISTED
Sirius International Insurance Group, Ltd. Common Share
SG
| $954K | ﹤0.01% |
112,189
+39,900
| +55% | +$321K |
|
|
AAMI
2044
Acadian Asset Management
AAMI
$3.3B
| $951K | ﹤0.01% |
148,886
-2,100
| -1% | -$18.1K |
|
|
NVEE
2045
DELISTED
NV5 Global
NVEE
| $949K | ﹤0.01% |
91,936
-23,600
| -20% | -$315K |
|
2046
Viper Energy
VNOM
$15.2B
| $947K | ﹤0.01% |
142,842
-2,700
| -2% | -$49K |
|
|
EGRX
2047
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $947K | ﹤0.01% |
20,579
-35,695
| -63% | -$1.79M |
|
2048
Ichor Holdings
ICHR
$2.61B
| $945K | ﹤0.01% |
49,324
+21,300
| +76% | +$644K |
|
2049
Rocket Pharmaceuticals
RCKT
$361M
| $945K | ﹤0.01% |
67,742
+18,842
| +39% | +$373K |
|
|
DCOM
2050
DELISTED
Dime Community Bancshares
DCOM
| $944K | ﹤0.01% |
68,878
-34,654
| -33% | -$615K |
|
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.