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 | |
|---|---|---|---|---|---|---|
|
LTS
2251
DELISTED
Ladenburg Thalmann Financial Services Inc
LTS
| $1.26M | ﹤0.01% |
360,957
-35,892
| -9% | -$104K |
|
2252
Team
TISI
$100M
| $1.25M | ﹤0.01% |
7,850
+327
| +4% | +$55.4K |
|
2253
Ceco Environmental
CECO
$4.5B
| $1.25M | ﹤0.01% |
163,269
-46,300
| -22% | -$346K |
|
|
NWLI
2254
DELISTED
National Western Life Group, Inc. Class A
NWLI
| $1.24M | ﹤0.01% |
4,272
-314
| -7% | -$84.1K |
|
2255
Capital City Bank Group
CCBG
$890M
| $1.24M | ﹤0.01% |
40,733
-9,240
| -18% | -$266K |
|
2256
Provident Financial
PROV
$113M
| $1.24M | ﹤0.01% |
56,615
| – | – |
|
|
OLP
2257
One Liberty Properties
OLP
$517M
| $1.24M | ﹤0.01% |
45,442
+4,200
| +10% | +$115K |
|
2258
CNB Financial Corp
CCNE
$1.02B
| $1.24M | ﹤0.01% |
37,789
-5,367
| -12% | -$168K |
|
|
YMAB
2259
DELISTED
Y-mAbs Therapeutics
YMAB
| $1.23M | ﹤0.01% |
39,433
+29,670
| +304% | +$878K |
|
|
EGIO
2260
DELISTED
Edgio, Inc. Common Stock
EGIO
| $1.23M | ﹤0.01% |
7,545
-497
| -6% | -$78.7K |
|
|
LTRPA
2261
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $1.23M | ﹤0.01% |
167,008
+21,200
| +15% | +$171K |
|
2262
Lennar Class B
LEN.B
$20.1B
| $1.23M | ﹤0.01% |
28,866
+2,942
| +11% | +$131K |
|
2263
Miller Industries
MLR
$615M
| $1.23M | ﹤0.01% |
33,045
-8,796
| -21% | -$309K |
|
|
FSB
2264
DELISTED
Franklin Financial Network, Inc.
FSB
| $1.22M | ﹤0.01% |
35,549
+21,671
| +156% | +$714K |
|
2265
Cooper-Standard Automotive
CPS
$489M
| $1.22M | ﹤0.01% |
36,741
+6,031
| +20% | +$195K |
|
2266
GameStop
GME
$8.3B
| $1.22M | ﹤0.01% |
801,268
-83,692
| -9% | -$123K |
|
|
TA
2267
DELISTED
TravelCenters of America LLC
TA
| $1.22M | ﹤0.01% |
70,880
| – | – |
|
2268
Willis Lease Finance
WLFC
$1.2B
| $1.22M | ﹤0.01% |
61,854
-21,000
| -25% | -$409K |
|
2269
Northrim BanCorp
NRIM
$597M
| $1.21M | ﹤0.01% |
126,800
-27,872
| -18% | -$267K |
|
2270
Collegium Pharmaceutical
COLL
$851M
| $1.21M | ﹤0.01% |
58,842
+43,300
| +279% | +$722K |
|
2271
Opko Health
OPK
$1.04B
| $1.21M | ﹤0.01% |
821,772
+140,145
| +21% | +$235K |
|
|
LGTY
2272
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
| $1.21M | ﹤0.01% |
81,035
-22,579
| -22% | -$355K |
|
2273
AdvanSix
ASIX
$432M
| $1.21M | ﹤0.01% |
60,374
+9,800
| +19% | +$214K |
|
2274
Dorchester Minerals
DMLP
$1.35B
| $1.21M | ﹤0.01% |
61,740
-5,254
| -8% | -$94.2K |
|
2275
UroGen Pharma
URGN
$2.34B
| $1.2M | ﹤0.01% |
35,900
+16,500
| +85% | +$450K |
|
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.