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 | |
|---|---|---|---|---|---|---|
|
ALX
1851
Alexander's
ALX
$1.39B
| $1.3M | ﹤0.01% |
4,701
-600
| -11% | -$188K |
|
|
ARCE
1852
DELISTED
Arco Platform Limited Class A Common Shares
ARCE
| $1.3M | ﹤0.01% |
30,681
+9,200
| +43% | +$456K |
|
1853
Columbus McKinnon
CMCO
$547M
| $1.29M | ﹤0.01% |
51,510
-39,554
| -43% | -$1.32M |
|
|
BMTC
1854
DELISTED
Bryn Mawr Bank Corp
BMTC
| $1.29M | ﹤0.01% |
45,365
-1,000
| -2% | -$35.1K |
|
1855
CRISPR Therapeutics
CRSP
$5.15B
| $1.29M | ﹤0.01% |
30,325
+1,400
| +5% | +$72.3K |
|
1856
Brookdale Senior Living
BKD
$3.05B
| $1.28M | ﹤0.01% |
410,462
-7,900
| -2% | -$46K |
|
1857
OFG Bancorp
OFG
$2.26B
| $1.27M | ﹤0.01% |
114,048
-5,700
| -5% | -$102K |
|
|
ODT
1858
DELISTED
Odonate Therapeutics, Inc. Common Stock
ODT
| $1.27M | ﹤0.01% |
46,150
-16,006
| -26% | -$467K |
|
|
EIDX
1859
DELISTED
Eidos Therapeutics, Inc. Common Stock
EIDX
| $1.27M | ﹤0.01% |
25,938
+2,800
| +12% | +$143K |
|
1860
Abercrombie & Fitch
ANF
$4.83B
| $1.27M | ﹤0.01% |
139,624
-4,200
| -3% | -$60.9K |
|
1861
PennyMac Financial
PFSI
$4.08B
| $1.27M | ﹤0.01% |
57,415
-21,595
| -27% | -$695K |
|
|
NXGN
1862
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $1.27M | ﹤0.01% |
121,549
-199,495
| -62% | -$2.57M |
|
1863
SiriusPoint
SPNT
$2.73B
| $1.26M | ﹤0.01% |
170,715
-2,846
| -2% | -$27.3K |
|
|
COOP
1864
DELISTED
Mr. Cooper
COOP
| $1.26M | ﹤0.01% |
172,224
-26,981
| -14% | -$313K |
|
|
OSG
1865
Octave Specialty Group
OSG
$218M
| $1.26M | ﹤0.01% |
102,170
-723
| -0.7% | -$13.9K |
|
|
ACH
1866
Accendra Health
ACH
$79.2M
| $1.26M | ﹤0.01% |
137,822
| – | – |
|
|
RWT
1867
Redwood Trust
RWT
$604M
| $1.26M | ﹤0.01% |
249,189
+20,300
| +9% | +$302K |
|
1868
Cerence
CRNC
$404M
| $1.26M | ﹤0.01% |
81,614
+2,000
| +3% | +$42K |
|
1869
PetMed Express
PETS
$39.8M
| $1.25M | ﹤0.01% |
43,612
+1,400
| +3% | +$36.7K |
|
1870
Vertiv
VRT
$113B
| $1.25M | ﹤0.01% |
144,971
+6,296
| +5% | +$69.5K |
|
|
HNGR
1871
DELISTED
Hanger Inc.
HNGR
| $1.25M | ﹤0.01% |
80,495
+11,600
| +17% | +$262K |
|
|
BPYU
1872
DELISTED
Brookfield Property REIT Inc. Class A Common Stock
BPYU
| $1.25M | ﹤0.01% |
147,174
-39,800
| -21% | -$646K |
|
1873
DNOW Inc
DNOW
$2.98B
| $1.24M | ﹤0.01% |
240,754
-62,502
| -21% | -$563K |
|
1874
Warrior Met Coal
HCC
$5.19B
| $1.24M | ﹤0.01% |
116,899
-5,500
| -4% | -$99.4K |
|
1875
Apogee Enterprises
APOG
$882M
| $1.24M | ﹤0.01% |
59,577
-3,000
| -5% | -$87.7K |
|
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.