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 | |
|---|---|---|---|---|---|---|
2051
Star Bulk Carriers
SBLK
$3.11B
| $1.9M | ﹤0.01% |
161,000
-44,700
| -22% | -$483K |
|
2052
BlackRock TCP Capital
TCPC
$353M
| $1.9M | ﹤0.01% |
135,200
+17,500
| +15% | +$244K |
|
|
TCDA
2053
DELISTED
Tricida, Inc. Common Stock
TCDA
| $1.9M | ﹤0.01% |
50,341
+6,800
| +16% | +$253K |
|
|
USAP
2054
DELISTED
Universal Stainless & Alloy
USAP
| $1.9M | ﹤0.01% |
127,400
| – | – |
|
2055
RadNet
RDNT
$6.08B
| $1.89M | ﹤0.01% |
93,187
+23,000
| +33% | +$394K |
|
2056
Denali Therapeutics
DNLI
$3.97B
| $1.89M | ﹤0.01% |
108,573
+19,900
| +22% | +$331K |
|
|
CLCT
2057
DELISTED
Collectors Universe
CLCT
| $1.88M | ﹤0.01% |
81,700
-32,600
| -29% | -$873K |
|
2058
Ennis
EBF
$556M
| $1.88M | ﹤0.01% |
86,710
-22,717
| -21% | -$462K |
|
|
NFBK
2059
DELISTED
Northfield Bancorp
NFBK
| $1.88M | ﹤0.01% |
110,563
+7,200
| +7% | +$121K |
|
2060
Great Southern Bancorp
GSBC
$877M
| $1.87M | ﹤0.01% |
29,586
+4,165
| +16% | +$252K |
|
|
MCHB
2061
Mechanics Bancorp
MCHB
$3.8B
| $1.87M | ﹤0.01% |
55,044
-6,630
| -11% | -$205K |
|
2062
Shutterstock
SSTK
$217M
| $1.87M | ﹤0.01% |
43,533
+5,500
| +14% | +$221K |
|
|
AEGN
2063
DELISTED
Aegion Corp
AEGN
| $1.86M | ﹤0.01% |
83,315
+1,800
| +2% | +$38.9K |
|
2064
Northern Oil and Gas
NOG
$2.61B
| $1.86M | ﹤0.01% |
79,582
+357
| +0.5% | +$7.07K |
|
2065
Washington Trust Bancorp
WASH
$750M
| $1.86M | ﹤0.01% |
34,585
+4,300
| +14% | +$221K |
|
2066
Ducommun
DCO
$3.04B
| $1.85M | ﹤0.01% |
36,717
-3,100
| -8% | -$143K |
|
2067
Universal Electronics
UEIC
$66.6M
| $1.85M | ﹤0.01% |
35,455
+2,468
| +7% | +$132K |
|
|
ACHN
2068
DELISTED
Achillion Pharmaceuticals
ACHN
| $1.85M | ﹤0.01% |
307,099
+92,491
| +43% | +$535K |
|
2069
Pitney Bowes
PBI
$2.28B
| $1.85M | ﹤0.01% |
459,060
+21,109
| +5% | +$96.8K |
|
2070
International Seaways
INSW
$4.71B
| $1.85M | ﹤0.01% |
62,144
+49,167
| +379% | +$1.28M |
|
2071
StealthGas
GASS
$331M
| $1.85M | ﹤0.01% |
538,400
| – | – |
|
|
REVG
2072
DELISTED
REV Group
REVG
| $1.85M | ﹤0.01% |
151,050
+139,350
| +1,191% | +$1.76M |
|
|
SWAV
2073
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $1.85M | ﹤0.01% |
+42,048
| New | +$1.55M |
|
|
LK
2074
DELISTED
Luckin Coffee Inc. American Depositary Shares
LK
| $1.85M | ﹤0.01% |
+46,922
| New | +$1.19M |
|
2075
Beazer Homes USA
BZH
$874M
| $1.84M | ﹤0.01% |
130,527
+100,666
| +337% | +$1.53M |
|
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.