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 | |
|---|---|---|---|---|---|---|
2726
Impinj
PI
$5.38B
| $503K | ﹤0.01% |
19,465
+12,332
| +173% | +$383K |
|
|
KIN
2727
DELISTED
Kindred Biosciences, Inc.
KIN
| $503K | ﹤0.01% |
+59,300
| New | +$463K |
|
|
BELFB
2728
Bel Fuse Inc Class B
BELFB
$4.16B
| $502K | ﹤0.01% |
24,506
-9
| -0% | -$148 |
|
|
CWBC
2729
Community West Bancshares
CWBC
$690M
| $502K | ﹤0.01% |
23,151
+1,800
| +8% | +$37.6K |
|
2730
Distribution Solutions Group
DSGR
$1.62B
| $500K | ﹤0.01% |
19,206
| – | – |
|
2731
Bridgford Foods
BRID
$57.7M
| $499K | ﹤0.01% |
20,127
| – | – |
|
2732
Titan International
TWI
$459M
| $499K | ﹤0.01% |
137,900
-15,600
| -10% | -$46.5K |
|
|
LL
2733
DELISTED
LL Flooring Holdings, Inc.
LL
| $499K | ﹤0.01% |
51,100
+4,900
| +11% | +$45.8K |
|
2734
Limoneira
LMNR
$253M
| $498K | ﹤0.01% |
25,900
+3,700
| +17% | +$70.7K |
|
|
CNR
2735
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $498K | ﹤0.01% |
58,487
+24,400
| +72% | +$172K |
|
2736
American Coastal Insurance
ACIC
$465M
| $495K | ﹤0.01% |
39,257
+4,300
| +12% | +$54.6K |
|
2737
Alphatec Holdings
ATEC
$1.47B
| $495K | ﹤0.01% |
+69,747
| New | +$448K |
|
|
DX
2738
Dynex Capital
DX
$3.21B
| $495K | ﹤0.01% |
29,250
-587
| -2% | -$9.48K |
|
|
HMTV
2739
DELISTED
Hemisphere Media Group, Inc.
HMTV
| $495K | ﹤0.01% |
33,319
+3,000
| +10% | +$39.1K |
|
2740
Lesaka Technologies
LSAK
$412M
| $494K | ﹤0.01% |
132,720
-12,500
| -9% | -$41.4K |
|
2741
ProQR Therapeutics
PRQR
$272M
| $494K | ﹤0.01% |
+49,800
| New | +$388K |
|
2742
Gladstone Capital
GLAD
$446M
| $492K | ﹤0.01% |
24,750
+3,300
| +15% | +$66.4K |
|
|
PRTK
2743
DELISTED
Paratek Pharmaceuticals, Inc.
PRTK
| $492K | ﹤0.01% |
122,000
| – | – |
|
|
BGG
2744
DELISTED
Briggs & Stratton Corp.
BGG
| $492K | ﹤0.01% |
73,835
+10,400
| +16% | +$63.8K |
|
|
RFP
2745
DELISTED
Resolute Forest Products Inc.
RFP
| $490K | ﹤0.01% |
116,640
+11,200
| +11% | +$46.5K |
|
2746
Dynagas LNG Partners
DLNG
$137M
| $489K | ﹤0.01% |
231,700
| – | – |
|
|
SEI
2747
Solaris Energy Infrastructure
SEI
$3.88B
| $489K | ﹤0.01% |
34,898
+19,100
| +121% | +$230K |
|
|
HOME
2748
DELISTED
At Home Group Inc.
HOME
| $489K | ﹤0.01% |
88,900
+19,300
| +28% | +$157K |
|
2749
SIGA Technologies
SIGA
$208M
| $488K | ﹤0.01% |
102,280
+74,200
| +264% | +$378K |
|
2750
Forrester Research
FORR
$224M
| $487K | ﹤0.01% |
+11,667
| New | +$435K |
|
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.