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 | |
|---|---|---|---|---|---|---|
|
UMPQ
851
DELISTED
Umpqua Holdings Corp
UMPQ
| $12.1M | 0.01% |
682,785
+88,155
| +15% | +$1.46M |
|
852
Saic
SAIC
$5.3B
| $12.1M | 0.01% |
138,662
+11,951
| +9% | +$1,000K |
|
853
Carter's
CRI
$1.48B
| $12.1M | 0.01% |
110,342
+4,091
| +4% | +$414K |
|
854
Steven Madden
SHOO
$3.58B
| $12M | 0.01% |
279,459
+97,891
| +54% | +$3.95M |
|
855
Acadia Pharmaceuticals
ACAD
$5.06B
| $12M | 0.01% |
279,727
+57,324
| +26% | +$2.49M |
|
856
Avantor
AVTR
$9.29B
| $11.9M | 0.01% |
655,042
+240,731
| +58% | +$3.83M |
|
857
STAG Industrial
STAG
$7.09B
| $11.9M | 0.01% |
376,517
+127,310
| +51% | +$3.9M |
|
858
Graphic Packaging
GPK
$3.53B
| $11.9M | 0.01% |
713,821
+156,679
| +28% | +$2.48M |
|
859
PagSeguro Digital
PAGS
$2.54B
| $11.8M | 0.01% |
346,554
+29,700
| +9% | +$1.07M |
|
|
XEC
860
DELISTED
CIMAREX ENERGY CO
XEC
| $11.8M | 0.01% |
225,396
-34,834
| -13% | -$1.62M |
|
861
Madison Square Garden
MSGS
$9.43B
| $11.8M | 0.01% |
56,372
-503
| -0.9% | -$98.7K |
|
|
COHR
862
DELISTED
Coherent Inc
COHR
| $11.8M | 0.01% |
70,997
+17,464
| +33% | +$2.7M |
|
863
KBR
KBR
$4.83B
| $11.8M | 0.01% |
386,571
-31,092
| -7% | -$875K |
|
|
LOGM
864
DELISTED
LogMein, Inc.
LOGM
| $11.8M | 0.01% |
137,127
+5,595
| +4% | +$415K |
|
865
Deckers Outdoor
DECK
$13.3B
| $11.7M | 0.01% |
416,538
-38,886
| -9% | -$1.03M |
|
866
AXIS Capital
AXS
$7.43B
| $11.7M | 0.01% |
196,563
-10,882
| -5% | -$658K |
|
867
ONE Gas
OGS
$4.96B
| $11.7M | 0.01% |
124,850
+14,956
| +14% | +$1.37M |
|
|
ZNGA
868
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $11.7M | 0.01% |
1,906,143
+211,561
| +12% | +$1.31M |
|
869
Silicon Laboratories
SLAB
$7.2B
| $11.7M | 0.01% |
100,450
+10,422
| +12% | +$1.14M |
|
|
WMGI
870
DELISTED
Wright Medical Group Inc
WMGI
| $11.6M | 0.01% |
381,617
+143,317
| +60% | +$3.75M |
|
871
Warner Bros
WBD
$67.4B
| $11.6M | 0.01% |
355,142
-31,692
| -8% | -$955K |
|
872
Atkore
ATKR
$3.17B
| $11.6M | 0.01% |
286,998
+184,767
| +181% | +$6.84M |
|
873
Terreno Realty
TRNO
$7.45B
| $11.6M | 0.01% |
214,440
+66,060
| +45% | +$3.61M |
|
874
Travel + Leisure Co
TNL
$4.5B
| $11.6M | 0.01% |
224,099
-31,490
| -12% | -$1.51M |
|
875
Macy's
M
$6.55B
| $11.6M | 0.01% |
681,370
+19,852
| +3% | +$311K |
|
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.