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 | |
|---|---|---|---|---|---|---|
|
CEQP
1726
DELISTED
Crestwood Equity Partners LP
CEQP
| $3.34M | ﹤0.01% |
108,350
-4,751
| -4% | -$156K |
|
|
CIR
1727
DELISTED
CIRCOR International, Inc
CIR
| $3.33M | ﹤0.01% |
72,020
+33,010
| +85% | +$1.36M |
|
|
MNTV
1728
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $3.33M | ﹤0.01% |
186,320
+30,020
| +19% | +$528K |
|
|
AQUA
1729
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $3.32M | ﹤0.01% |
175,355
+34,355
| +24% | +$616K |
|
|
CORE
1730
DELISTED
Core Mark Holding Co., Inc.
CORE
| $3.32M | ﹤0.01% |
121,994
+8,767
| +8% | +$243K |
|
1731
TTM Technologies
TTMI
$14.6B
| $3.31M | ﹤0.01% |
220,263
+34,126
| +18% | +$449K |
|
1732
National Healthcare
NHC
$3.46B
| $3.31M | ﹤0.01% |
38,242
-252
| -0.7% | -$21.1K |
|
|
NVTA
1733
DELISTED
Invitae Corporation
NVTA
| $3.29M | ﹤0.01% |
204,221
-100
| -0% | -$1.77K |
|
1734
Enova International
ENVA
$6.46B
| $3.29M | ﹤0.01% |
136,583
+49,889
| +58% | +$1.12M |
|
1735
Kodiak Sciences
KOD
$2.7B
| $3.28M | ﹤0.01% |
45,627
+34,268
| +302% | +$1.25M |
|
1736
W&T Offshore
WTI
$557M
| $3.28M | ﹤0.01% |
590,119
-214,674
| -27% | -$955K |
|
1737
Tennant Co
TNC
$1.17B
| $3.27M | ﹤0.01% |
42,030
+2,799
| +7% | +$208K |
|
|
AVYA
1738
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $3.27M | ﹤0.01% |
242,624
+37,200
| +18% | +$457K |
|
1739
Sunrun
RUN
$2.36B
| $3.27M | ﹤0.01% |
237,089
-9,304
| -4% | -$139K |
|
1740
Gentherm
THRM
$1.26B
| $3.27M | ﹤0.01% |
73,732
-2,680
| -4% | -$114K |
|
|
BRSL
1741
Brightstar Lottery PLC
BRSL
$2.05B
| $3.27M | ﹤0.01% |
218,099
-19,696
| -8% | -$281K |
|
|
ODP
1742
DELISTED
ODP
ODP
| $3.26M | ﹤0.01% |
118,990
+18,240
| +18% | +$406K |
|
1743
Zai Lab
ZLAB
$2.86B
| $3.26M | ﹤0.01% |
78,394
+2,058
| +3% | +$76K |
|
|
USCR
1744
DELISTED
U S Concrete, Inc.
USCR
| $3.24M | ﹤0.01% |
77,763
+40,391
| +108% | +$1.85M |
|
1745
Oxford Industries
OXM
$539M
| $3.24M | ﹤0.01% |
42,916
-1,300
| -3% | -$93.9K |
|
|
UHT
1746
Universal Health Realty Income Trust
UHT
$577M
| $3.24M | ﹤0.01% |
27,581
-337
| -1% | -$38.4K |
|
|
RAVN
1747
DELISTED
Raven Industries Inc
RAVN
| $3.24M | ﹤0.01% |
93,925
-1,478
| -2% | -$50.4K |
|
1748
Dine Brands
DIN
$454M
| $3.23M | ﹤0.01% |
38,650
+1,938
| +5% | +$151K |
|
1749
Park National Corp
PRK
$3.69B
| $3.23M | ﹤0.01% |
31,507
+3,300
| +12% | +$330K |
|
1750
Clearway Energy Class C
CWEN
$7.08B
| $3.22M | ﹤0.01% |
161,219
+16,500
| +11% | +$319K |
|
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.