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 |
Verizon
VZ
|
+$175M |
| 2 |
Oracle
ORCL
|
+$148M |
| 3 |
CME Group
CME
|
+$115M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$110M |
| 5 |
Intercontinental Exchange
ICE
|
+$94.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$334M |
| 2 |
RTX Corp
RTX
|
+$289M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$224M |
| 4 |
iShares MSCI EAFE ETF
EFA
|
+$201M |
| 5 |
Elevance Health
ELV
|
+$174M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.63% |
| 2 | Financials | 13.69% |
| 3 | Healthcare | 13.66% |
| 4 | Consumer Discretionary | 9.88% |
| 5 | Consumer Staples | 9.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1026
NCR Voyix
VYX
$1.17B
| $5.21M | 0.01% |
479,308
+6,549
| +1% | +$112K |
|
|
MOMO
1027
Hello Group
MOMO
$850M
| $5.2M | 0.01% |
239,897
+2,903
| +1% | +$86.6K |
|
1028
Kohl's
KSS
$2.22B
| $5.19M | 0.01% |
355,758
-19,672
| -5% | -$737K |
|
|
BLUE
1029
DELISTED
bluebird bio
BLUE
| $5.19M | 0.01% |
8,716
-479
| -5% | -$467K |
|
|
SJI
1030
DELISTED
South Jersey Industries, Inc.
SJI
| $5.16M | 0.01% |
206,182
-97,881
| -32% | -$2.89M |
|
1031
Morningstar
MORN
$7.76B
| $5.15M | 0.01% |
44,337
-2,400
| -5% | -$348K |
|
1032
UFP Industries
UFPI
$5.03B
| $5.15M | 0.01% |
138,494
-10,018
| -7% | -$460K |
|
1033
Carvana
CVNA
$81B
| $5.13M | 0.01% |
465,855
-4,995
| -1% | -$77.3K |
|
1034
Silgan Holdings
SLGN
$4.46B
| $5.13M | 0.01% |
176,727
-60,760
| -26% | -$1.83M |
|
1035
MGIC Investment
MTG
$6.33B
| $5.12M | 0.01% |
806,260
-224,935
| -22% | -$2.72M |
|
1036
MGE Energy Inc
MGEE
$3.06B
| $5.12M | 0.01% |
78,130
+3,400
| +5% | +$254K |
|
1037
Valmont Industries
VMI
$9.5B
| $5.12M | 0.01% |
48,266
-2,535
| -5% | -$329K |
|
1038
Lattice Semiconductor
LSCC
$18.2B
| $5.09M | 0.01% |
285,769
-160,950
| -36% | -$3.05M |
|
1039
Alkermes
ALKS
$8.3B
| $5.08M | 0.01% |
352,127
-17,800
| -5% | -$318K |
|
1040
BlackLine
BL
$1.82B
| $5.07M | 0.01% |
96,291
-4,100
| -4% | -$240K |
|
1041
Old National Bancorp
ONB
$10.4B
| $5.05M | 0.01% |
382,750
-109,763
| -22% | -$1.83M |
|
1042
Houlihan Lokey
HLI
$9.24B
| $5.03M | 0.01% |
96,458
+5,728
| +6% | +$297K |
|
1043
United Bankshares
UBSI
$6.68B
| $5.02M | 0.01% |
217,353
-10,900
| -5% | -$342K |
|
1044
Ollie's Bargain Outlet
OLLI
$4.7B
| $5M | 0.01% |
107,900
-6,100
| -5% | -$313K |
|
1045
Thor Industries
THO
$4.11B
| $5M | 0.01% |
118,474
+1,700
| +1% | +$118K |
|
1046
Freshpet
FRPT
$3.5B
| $4.99M | 0.01% |
78,146
-52,624
| -40% | -$3.38M |
|
|
PDM
1047
Piedmont Realty Trust
PDM
$1.2B
| $4.99M | 0.01% |
282,358
-174,972
| -38% | -$3.77M |
|
1048
Ares Management
ARES
$33.7B
| $4.98M | 0.01% |
161,070
+4,800
| +3% | +$168K |
|
1049
Sprouts Farmers Market
SFM
$7.71B
| $4.97M | 0.01% |
267,140
-9,637
| -3% | -$162K |
|
1050
Timken Company
TKR
$9.1B
| $4.96M | 0.01% |
153,339
-23,000
| -13% | -$1.09M |
|
Similar funds
California Public Employees Retirement System's Q1 2020 Portfolio in Review
As of Q1 2020, California Public Employees Retirement System held 3,465 positions worth $82.6B, down 25% from $110B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
California Public Employees Retirement System withdrew a net $6.6B in Q1 2020, closing 83 positions and reducing 2,104 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $334M position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.
Against the trend, California Public Employees Retirement System opened a new position in Diversified Healthcare Trust worth $1.94M.
- California Public Employees Retirement System's largest Q1 2020 buy was Diversified Healthcare Trust: 534,915 shares worth $1.94M.
- California Public Employees Retirement System added most to Verizon in Q1 2020, an estimated $175M increase.
- California Public Employees Retirement System's biggest Q1 2020 reduction was Alphabet (Google) Class A, cutting an estimated $224M.
- California Public Employees Retirement System fully exited State Street SPDR S&P 500 ETF Trust in Q1 2020, selling an estimated $334M.
- California Public Employees Retirement System's ten largest holdings make up 18% of its $82.6B portfolio in Q1 2020.
- California Public Employees Retirement System opened 29 new positions and closed 83 in Q1 2020.
- California Public Employees Retirement System's portfolio value fell 25% quarter-over-quarter to $82.6B.
Based on California Public Employees Retirement System's 13F filing for Q1 2020, filed 12 May 2020.