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 | |
|---|---|---|---|---|---|---|
2951
Bridgewater Bancshares
BWB
$598M
| $308K | ﹤0.01% |
+22,316
| New | +$283K |
|
|
HIL
2952
DELISTED
Hill International, Inc. Common Stock
HIL
| $305K | ﹤0.01% |
96,600
-3,100
| -3% | -$9.27K |
|
2953
eGain
EGAN
$203M
| $304K | ﹤0.01% |
38,400
+2,600
| +7% | +$20.1K |
|
2954
Bankwell Financial Group
BWFG
$533M
| $303K | ﹤0.01% |
10,500
+1,800
| +21% | +$51.4K |
|
2955
Farmers & Merchants Bancorp
FMAO
$473M
| $303K | ﹤0.01% |
+10,052
| New | +$266K |
|
|
VWTR
2956
DELISTED
Vidler Water Resouces, Inc. Common Stock
VWTR
| $303K | ﹤0.01% |
27,272
+7,600
| +39% | +$81K |
|
2957
Star Group
SGU
$416M
| $302K | ﹤0.01% |
31,973
-11,821
| -27% | -$111K |
|
|
FARM
2958
DELISTED
Farmer Brothers
FARM
| $301K | ﹤0.01% |
19,994
+4,594
| +30% | +$67K |
|
2959
Northern Technologies International Corp
NTIC
$77M
| $301K | ﹤0.01% |
21,400
| – | – |
|
2960
Xeris Biopharma Holdings
XERS
$1.46B
| $301K | ﹤0.01% |
+42,700
| New | +$353K |
|
2961
Peoples Bancorp of North Carolina
PEBK
$228M
| $300K | ﹤0.01% |
9,147
+400
| +5% | +$12.2K |
|
2962
SmartFinancial
SMBK
$877M
| $297K | ﹤0.01% |
+12,551
| New | +$276K |
|
2963
Uranium Energy
UEC
$5.63B
| $297K | ﹤0.01% |
323,600
+28,600
| +10% | +$27.7K |
|
2964
Alico
ALCO
$290M
| $296K | ﹤0.01% |
8,253
+600
| +8% | +$20.2K |
|
|
ALSK
2965
DELISTED
Alaska Communications Systems
ALSK
| $296K | ﹤0.01% |
167,200
| – | – |
|
2966
Navios Maritime Partners
NMM
$2.24B
| $295K | ﹤0.01% |
15,833
+1,800
| +13% | +$33.6K |
|
|
NFH
2967
DELISTED
New Frontier Health Corporation Ordinary Shares
NFH
| $295K | ﹤0.01% |
29,452
+19,100
| +185% | +$195K |
|
|
AKRX
2968
DELISTED
Akorn Inc
AKRX
| $293K | ﹤0.01% |
195,509
+59,000
| +43% | +$223K |
|
2969
Chemung Financial Corp
CHMG
$392M
| $291K | ﹤0.01% |
6,855
+700
| +11% | +$30.6K |
|
2970
DHI Group
DHX
$158M
| $289K | ﹤0.01% |
96,100
+6,600
| +7% | +$22.4K |
|
|
QADB
2971
DELISTED
QAD Inc. Class B
QADB
| $289K | ﹤0.01% |
7,821
| – | – |
|
2972
Genco Shipping & Trading
GNK
$1.09B
| $288K | ﹤0.01% |
27,142
+7,504
| +38% | +$77.3K |
|
2973
El Pollo Loco
LOCO
$463M
| $287K | ﹤0.01% |
+18,978
| New | +$265K |
|
2974
Richardson Electronics
RELL
$292M
| $287K | ﹤0.01% |
51,000
| – | – |
|
2975
TETRA Technologies
TTI
$1.28B
| $285K | ﹤0.01% |
145,300
+34,585
| +31% | +$55.6K |
|
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.