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 | |
|---|---|---|---|---|---|---|
1326
Main Street Capital
MAIN
$5.52B
| $6.03M | 0.01% |
139,945
-1,816
| -1% | -$77.7K |
|
1327
Innospec
IOSP
$2.31B
| $6.02M | 0.01% |
58,169
+1,371
| +2% | +$131K |
|
1328
Minerals Technologies
MTX
$2.3B
| $6.02M | 0.01% |
104,403
+13,952
| +15% | +$750K |
|
|
HMSY
1329
DELISTED
HMS Holdings Corp.
HMSY
| $6.02M | 0.01% |
203,260
+7,954
| +4% | +$244K |
|
|
CADE
1330
DELISTED
Cadence Bancorporation
CADE
| $6.02M | 0.01% |
331,843
+72,106
| +28% | +$1.21M |
|
1331
AutoNation
AN
$6.89B
| $5.99M | 0.01% |
123,206
-8,747
| -7% | -$443K |
|
1332
Plexus
PLXS
$7.2B
| $5.99M | 0.01% |
77,838
+9,113
| +13% | +$661K |
|
1333
Spectrum Brands
SPB
$2.02B
| $5.99M | 0.01% |
93,113
+13,829
| +17% | +$784K |
|
1334
Artisan Partners
APAM
$3.08B
| $5.99M | 0.01% |
185,171
+50,699
| +38% | +$1.46M |
|
1335
Wingstop
WING
$3.03B
| $5.98M | 0.01% |
69,356
-8,822
| -11% | -$732K |
|
|
ACIA
1336
DELISTED
Acacia Communications Inc
ACIA
| $5.98M | 0.01% |
88,179
+10,300
| +13% | +$682K |
|
|
ESGR
1337
DELISTED
Enstar Group
ESGR
| $5.98M | 0.01% |
28,900
+1,878
| +7% | +$376K |
|
1338
TriNet
TNET
$3.06B
| $5.97M | 0.01% |
105,401
-280
| -0.3% | -$15.6K |
|
1339
OneSpaWorld
OSW
$2.64B
| $5.96M | 0.01% |
354,186
+264,188
| +294% | +$4.16M |
|
1340
Terex
TEX
$7.74B
| $5.96M | 0.01% |
200,040
-57,712
| -22% | -$1.62M |
|
|
AVP
1341
DELISTED
Avon Products, Inc.
AVP
| $5.93M | 0.01% |
1,052,389
+38,760
| +4% | +$180K |
|
1342
MaxLinear
MXL
$6.26B
| $5.93M | 0.01% |
279,643
+158,962
| +132% | +$3.3M |
|
1343
ABM Industries
ABM
$2.83B
| $5.93M | 0.01% |
157,340
-5,998
| -4% | -$224K |
|
1344
Graham Holdings Company
GHC
$4.97B
| $5.92M | 0.01% |
9,271
-354
| -4% | -$226K |
|
1345
Korn Ferry
KFY
$4.25B
| $5.92M | 0.01% |
139,587
-13,028
| -9% | -$503K |
|
1346
Yelp
YELP
$1.28B
| $5.92M | 0.01% |
169,895
+4,200
| +3% | +$143K |
|
|
CLDR
1347
DELISTED
Cloudera, Inc.
CLDR
| $5.91M | 0.01% |
508,500
+62,400
| +14% | +$598K |
|
|
KW
1348
DELISTED
Kennedy-Wilson Holdings
KW
| $5.91M | 0.01% |
265,168
+27,762
| +12% | +$622K |
|
1349
SPS Commerce
SPSC
$2.7B
| $5.9M | 0.01% |
106,406
+29,335
| +38% | +$1.56M |
|
1350
Franklin Electric
FELE
$4.77B
| $5.89M | 0.01% |
102,756
+2,206
| +2% | +$117K |
|
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.