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 | 17.54% |
| 2 | Financials | 15.01% |
| 3 | Healthcare | 12.82% |
| 4 | Consumer Discretionary | 9.95% |
| 5 | Consumer Staples | 8.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2626
Fuel Tech
FTEK
$43.7M
| $623K | ﹤0.01% |
668,420
| – | – |
|
2627
Quanterix
QTRX
$124M
| $623K | ﹤0.01% |
26,363
+10,400
| +65% | +$237K |
|
2628
Luxfer Holdings
LXFR
$457M
| $621K | ﹤0.01% |
33,524
+20,700
| +161% | +$356K |
|
2629
Oppenheimer Holdings
OPY
$1.21B
| $621K | ﹤0.01% |
22,614
-100
| -0.4% | -$2.79K |
|
2630
XBiotech
XBIT
$71M
| $620K | ﹤0.01% |
+33,222
| New | +$428K |
|
|
ACBI
2631
DELISTED
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
| $620K | ﹤0.01% |
33,792
+8,371
| +33% | +$154K |
|
2632
Teekay
TK
$983M
| $619K | ﹤0.01% |
116,302
+22,800
| +24% | +$113K |
|
2633
Live Oak Bancshares
LOB
$1.98B
| $618K | ﹤0.01% |
32,506
+20,200
| +164% | +$374K |
|
|
ENBL
2634
DELISTED
ENABLE MIDSTREAM PARTNERS, LP
ENBL
| $618K | ﹤0.01% |
61,600
+5,413
| +10% | +$55.1K |
|
|
GDEN
2635
DELISTED
Golden Entertainment
GDEN
| $617K | ﹤0.01% |
32,107
+3,800
| +13% | +$62.2K |
|
2636
RCI Hospitality Holdings
RICK
$210M
| $617K | ﹤0.01% |
30,100
-5,400
| -15% | -$104K |
|
2637
Universal Technical Institute
UTI
$1.4B
| $617K | ﹤0.01% |
80,000
| – | – |
|
|
ANH
2638
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $615K | ﹤0.01% |
174,852
| – | – |
|
2639
Ascent Industries
ACNT
$138M
| $613K | ﹤0.01% |
47,457
| – | – |
|
2640
Covenant Logistics
CVLG
$847M
| $613K | ﹤0.01% |
94,886
+60,640
| +177% | +$440K |
|
2641
Voyager Therapeutics
VYGR
$197M
| $613K | ﹤0.01% |
43,918
+32,190
| +274% | +$468K |
|
|
BHR
2642
Braemar Hotels & Resorts
BHR
$138M
| $608K | ﹤0.01% |
68,062
-681
| -1% | -$6.37K |
|
|
SCWX
2643
DELISTED
SecureWorks Corp Class A Common Stock
SCWX
| $608K | ﹤0.01% |
36,500
| – | – |
|
|
ALTA
2644
DELISTED
Altabancorp
ALTA
| $604K | ﹤0.01% |
20,049
+8,800
| +78% | +$258K |
|
2645
Barings BDC
BBDC
$975M
| $602K | ﹤0.01% |
58,600
+36,100
| +160% | +$370K |
|
2646
Willdan Group
WLDN
$1.28B
| $602K | ﹤0.01% |
18,937
+2,200
| +13% | +$69.7K |
|
|
THOR
2647
DELISTED
Synthorx, Inc. Common Stock
THOR
| $602K | ﹤0.01% |
+8,620
| New | +$246K |
|
2648
Clearwater Paper
CLW
$366M
| $601K | ﹤0.01% |
28,155
+4,500
| +19% | +$90.4K |
|
2649
Qfin Holdings
QFIN
$1.56B
| $601K | ﹤0.01% |
61,547
+43,200
| +235% | +$391K |
|
|
FSR
2650
DELISTED
Fisker Inc.
FSR
| $601K | ﹤0.01% |
59,072
+39,252
| +198% | +$396K |
|
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.