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 | 19.63% |
| 2 | Financials | 13.69% |
| 3 | Healthcare | 13.66% |
| 4 | Consumer Discretionary | 9.88% |
| 5 | Consumer Staples | 9.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CAI
2401
DELISTED
CAI International, Inc.
CAI
| $514K | ﹤0.01% |
36,324
-24,800
| -41% | -$596K |
|
|
ZIXI
2402
DELISTED
Zix Corporation
ZIXI
| $512K | ﹤0.01% |
118,893
-44,800
| -27% | -$301K |
|
2403
Willis Lease Finance
WLFC
$1.21B
| $510K | ﹤0.01% |
57,549
-4,305
| -7% | -$71.2K |
|
|
LCI
2404
DELISTED
Lannett Company, Inc.
LCI
| $509K | ﹤0.01% |
18,300
-1,775
| -9% | -$59.6K |
|
2405
MeiraGTx Holdings
MGTX
$1.2B
| $508K | ﹤0.01% |
37,833
+6,340
| +20% | +$107K |
|
|
SCU
2406
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
| $507K | ﹤0.01% |
37,446
-10,500
| -22% | -$226K |
|
|
AXDX
2407
DELISTED
Accelerate Diagnostics
AXDX
| $506K | ﹤0.01% |
6,073
+230
| +4% | +$32.4K |
|
|
SRNE
2408
DELISTED
Sorrento Therapeutics, Inc.
SRNE
| $506K | ﹤0.01% |
274,744
+117,400
| +75% | +$338K |
|
|
CIR
2409
DELISTED
CIRCOR International, Inc
CIR
| $505K | ﹤0.01% |
43,410
-28,610
| -40% | -$1.01M |
|
2410
Precigen
PGEN
$2.45B
| $503K | ﹤0.01% |
148,000
+13,200
| +10% | +$57K |
|
2411
Orion Group Holdings
ORN
$402M
| $502K | ﹤0.01% |
192,944
-5,456
| -3% | -$21.8K |
|
|
BWIN
2412
Baldwin Insurance Group
BWIN
$3B
| $500K | ﹤0.01% |
47,410
+35,963
| +314% | +$547K |
|
2413
Barings BDC
BBDC
$966M
| $497K | ﹤0.01% |
66,400
+7,800
| +13% | +$74K |
|
2414
Seneca Foods Class A
SENEA
$1.28B
| $496K | ﹤0.01% |
12,481
| – | – |
|
|
STML
2415
DELISTED
Stemline Therapeutics, Inc.
STML
| $494K | ﹤0.01% |
102,132
+18,232
| +22% | +$118K |
|
|
OXFD
2416
DELISTED
Oxford Immunotec Global PLC Ordinary Shares
OXFD
| $493K | ﹤0.01% |
53,214
+3,600
| +7% | +$50.3K |
|
2417
MarineMax
HZO
$1.15B
| $491K | ﹤0.01% |
47,106
+3,900
| +9% | +$63.5K |
|
2418
Energy Recovery
ERII
$397M
| $489K | ﹤0.01% |
65,700
+1,973
| +3% | +$18.7K |
|
2419
Voyager Therapeutics
VYGR
$197M
| $489K | ﹤0.01% |
53,398
+9,480
| +22% | +$109K |
|
|
MCBC
2420
DELISTED
Macatawa Bank Corp
MCBC
| $489K | ﹤0.01% |
68,660
-29,106
| -30% | -$281K |
|
|
SNR
2421
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $489K | ﹤0.01% |
191,038
-9,303
| -5% | -$59.4K |
|
2422
Travelzoo
TZOO
$75.5M
| $485K | ﹤0.01% |
123,409
-86,491
| -41% | -$762K |
|
2423
Quanterix
QTRX
$139M
| $484K | ﹤0.01% |
26,363
| – | – |
|
|
OLP
2424
One Liberty Properties
OLP
$523M
| $481K | ﹤0.01% |
34,542
-10,900
| -24% | -$264K |
|
2425
Haverty Furniture Companies
HVT
$441M
| $479K | ﹤0.01% |
40,317
-5,300
| -12% | -$93.2K |
|
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 Financials and Healthcare.
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.