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 | 19.81% |
| 2 | Healthcare | 13.89% |
| 3 | Financials | 13.77% |
| 4 | Consumer Discretionary | 9.93% |
| 5 | Consumer Staples | 9.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CBB
1726
DELISTED
Cincinnati Bell Inc.
CBB
| $1.65M | ﹤0.01% |
112,467
+19,986
| +22% | +$260K |
|
1727
Stride
LRN
$3.45B
| $1.65M | ﹤0.01% |
87,284
-187,306
| -68% | -$3.46M |
|
1728
Tactile Systems Technology
TCMD
$546M
| $1.64M | ﹤0.01% |
40,906
-1,600
| -4% | -$85.7K |
|
1729
Encore Capital Group
ECPG
$2.17B
| $1.63M | ﹤0.01% |
69,844
-3,400
| -5% | -$114K |
|
|
ECOL
1730
DELISTED
US Ecology, Inc.
ECOL
| $1.63M | ﹤0.01% |
53,656
-8,500
| -14% | -$393K |
|
1731
Heritage Financial
HFWA
$1.23B
| $1.63M | ﹤0.01% |
81,479
-4,000
| -5% | -$98.8K |
|
|
NP
1732
DELISTED
Neenah, Inc. Common Stock
NP
| $1.63M | ﹤0.01% |
37,801
+1,103
| +3% | +$65.3K |
|
|
TSE
1733
DELISTED
Trinseo
TSE
| $1.63M | ﹤0.01% |
89,950
-9,118
| -9% | -$242K |
|
1734
Cheesecake Factory
CAKE
$5.55B
| $1.62M | ﹤0.01% |
94,667
-62,763
| -40% | -$2.11M |
|
1735
Usana Health Sciences
USNA
$252M
| $1.61M | ﹤0.01% |
27,962
-29,255
| -51% | -$2.03M |
|
1736
Western Midstream Partners
WES
$20B
| $1.61M | ﹤0.01% |
497,892
+45,500
| +10% | +$626K |
|
1737
10x Genomics
TXG
$7.38B
| $1.61M | ﹤0.01% |
25,815
+7,790
| +43% | +$608K |
|
1738
Primoris Services
PRIM
$4.45B
| $1.6M | ﹤0.01% |
100,792
+1,600
| +2% | +$31.2K |
|
1739
Upbound Group
UPBD
$1.14B
| $1.6M | ﹤0.01% |
112,936
-4,100
| -4% | -$98.7K |
|
1740
Virgin Galactic
SPCE
$501M
| $1.6M | ﹤0.01% |
5,400
+2,332
| +76% | +$886K |
|
|
GLUU
1741
DELISTED
Glu Mobile Inc.
GLUU
| $1.59M | ﹤0.01% |
253,612
-232,600
| -48% | -$1.5M |
|
|
MFA
1742
MFA Financial
MFA
$931M
| $1.59M | ﹤0.01% |
256,558
-10,167
| -4% | -$271K |
|
|
FBC
1743
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $1.58M | ﹤0.01% |
79,888
-23,838
| -23% | -$771K |
|
1744
DHT Holdings
DHT
$3.14B
| $1.58M | ﹤0.01% |
206,307
-450,321
| -69% | -$2.85M |
|
1745
Materion
MTRN
$5.92B
| $1.58M | ﹤0.01% |
45,136
-38,638
| -46% | -$1.92M |
|
1746
Palomar
PLMR
$3.41B
| $1.58M | ﹤0.01% |
27,175
+20,600
| +313% | +$1.08M |
|
|
SWI
1747
DELISTED
SolarWinds Corporation Common Stock
SWI
| $1.57M | ﹤0.01% |
95,137
-2,276
| -2% | -$42.1K |
|
|
LTHM
1748
DELISTED
Livent Corporation
LTHM
| $1.57M | ﹤0.01% |
298,997
+5,300
| +2% | +$44.6K |
|
|
FOCS
1749
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $1.57M | ﹤0.01% |
68,239
-20,666
| -23% | -$549K |
|
1750
Photronics
PLAB
$1.94B
| $1.57M | ﹤0.01% |
152,963
-324,896
| -68% | -$4.25M |
|
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 Healthcare and Financials.
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.