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 | |
|---|---|---|---|---|---|---|
876
EPR Properties
EPR
$4.63B
| $11.6M | 0.01% |
163,781
-13,606
| -8% | -$1M |
|
877
Capri Holdings
CPRI
$1.75B
| $11.6M | 0.01% |
303,200
+13,808
| +5% | +$477K |
|
|
PSB
878
DELISTED
PS Business Parks, Inc.
PSB
| $11.6M | 0.01% |
70,103
+11,972
| +21% | +$2.11M |
|
879
Murphy USA
MUSA
$10.2B
| $11.5M | 0.01% |
98,634
+32,764
| +50% | +$3.53M |
|
880
H&R Block
HRB
$5.82B
| $11.5M | 0.01% |
490,199
-1,347,444
| -73% | -$32.4M |
|
|
CIM
881
Chimera Investment
CIM
$980M
| $11.5M | 0.01% |
186,472
+35,067
| +23% | +$2.14M |
|
|
AYX
882
DELISTED
Alteryx Inc
AYX
| $11.5M | 0.01% |
114,569
+19,739
| +21% | +$2.01M |
|
883
Wolfspeed
WOLF
$1.52B
| $11.4M | 0.01% |
247,439
+18,326
| +8% | +$855K |
|
884
Wendy's
WEN
$1.39B
| $11.4M | 0.01% |
513,560
+4,623
| +0.9% | +$98K |
|
885
Amcor
AMCR
$21.8B
| $11.4M | 0.01% |
210,341
-6,150
| -3% | -$308K |
|
886
Semtech
SMTC
$12.2B
| $11.4M | 0.01% |
215,461
+62,801
| +41% | +$3.15M |
|
|
QTS
887
DELISTED
QTS REALTY TRUST, INC.
QTS
| $11.4M | 0.01% |
209,748
+105,089
| +100% | +$5.51M |
|
888
Wayfair
W
$14.1B
| $11.3M | 0.01% |
124,900
+21,600
| +21% | +$2.02M |
|
|
JHG
889
DELISTED
Janus Henderson
JHG
| $11.3M | 0.01% |
460,932
+5,420
| +1% | +$129K |
|
890
Ryman Hospitality Properties
RHP
$7.57B
| $11.3M | 0.01% |
130,041
-10,514
| -7% | -$904K |
|
891
RH
RH
$3.47B
| $11.3M | 0.01% |
52,731
+7,774
| +17% | +$1.52M |
|
892
Independent Bank
INDB
$3.97B
| $11.2M | 0.01% |
134,978
+58,271
| +76% | +$4.76M |
|
893
Blackstone Mortgage Trust
BXMT
$2.39B
| $11.2M | 0.01% |
301,334
-43,782
| -13% | -$1.59M |
|
|
BLD
894
DELISTED
TopBuild
BLD
| $11.2M | 0.01% |
108,395
+31,043
| +40% | +$3.23M |
|
|
MBT
895
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $11.2M | 0.01% |
1,099,986
+166,750
| +18% | +$1.53M |
|
|
AAN.A
896
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $11.1M | 0.01% |
195,096
+35,099
| +22% | +$2M |
|
897
Penumbra
PEN
$12.8B
| $11.1M | 0.01% |
67,800
+7,760
| +13% | +$1.23M |
|
898
Tetra Tech
TTEK
$8.97B
| $11.1M | 0.01% |
645,695
-25,500
| -4% | -$442K |
|
|
NUVA
899
DELISTED
NuVasive, Inc.
NUVA
| $11.1M | 0.01% |
143,822
+24,772
| +21% | +$1.75M |
|
900
New York Times
NYT
$10.5B
| $11.1M | 0.01% |
345,408
-6,599
| -2% | -$205K |
|
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.