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 | |
|---|---|---|---|---|---|---|
|
DSSI
2326
DELISTED
Diamond S Shipping Inc. Common Shares
DSSI
| $592K | ﹤0.01% |
50,087
+12,400
| +33% | +$145K |
|
2327
BJ's Restaurants
BJRI
$1.48B
| $591K | ﹤0.01% |
42,558
-49,555
| -54% | -$1.59M |
|
|
FLXN
2328
DELISTED
Flexion Therapeutics, Inc.
FLXN
| $591K | ﹤0.01% |
75,142
-1,100
| -1% | -$16.6K |
|
|
AGEN
2329
Agenus
AGEN
$315M
| $587K | ﹤0.01% |
12,200
+321
| +3% | +$20.2K |
|
2330
Bar Harbor Bankshares
BHB
$681M
| $586K | ﹤0.01% |
33,922
-7,500
| -18% | -$160K |
|
|
FSB
2331
DELISTED
Franklin Financial Network, Inc.
FSB
| $586K | ﹤0.01% |
28,726
-6,823
| -19% | -$217K |
|
2332
Rigel Pharmaceuticals
RIGL
$762M
| $585K | ﹤0.01% |
37,486
-10,480
| -22% | -$223K |
|
2333
Puma Biotechnology
PBYI
$450M
| $583K | ﹤0.01% |
69,042
+3,342
| +5% | +$32.5K |
|
|
GOGL
2334
DELISTED
Golden Ocean Group
GOGL
| $581K | ﹤0.01% |
185,714
-50,700
| -21% | -$214K |
|
2335
Oil-Dri
ODC
$1.27B
| $581K | ﹤0.01% |
34,742
-7,458
| -18% | -$128K |
|
2336
Par Pacific Holdings
PARR
$4.12B
| $581K | ﹤0.01% |
81,851
-8,300
| -9% | -$139K |
|
2337
Timberland Bancorp
TSBK
$361M
| $581K | ﹤0.01% |
31,768
-1,632
| -5% | -$40.7K |
|
2338
West Bancorporation
WTBA
$511M
| $581K | ﹤0.01% |
35,558
-7,400
| -17% | -$160K |
|
|
SPPI
2339
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $578K | ﹤0.01% |
247,920
-8,900
| -3% | -$24.4K |
|
2340
FuelCell Energy
FCEL
$1.63B
| $575K | ﹤0.01% |
+12,691
| New | +$716K |
|
2341
REX American Resources
REX
$1.44B
| $574K | ﹤0.01% |
74,010
-74,790
| -50% | -$849K |
|
|
KRA
2342
DELISTED
Kraton Corporation
KRA
| $574K | ﹤0.01% |
70,865
+2,700
| +4% | +$40.2K |
|
|
TRUE
2343
DELISTED
TrueCar
TRUE
| $570K | ﹤0.01% |
235,379
+40,807
| +21% | +$138K |
|
2344
Tidewater
TDW
$4.55B
| $569K | ﹤0.01% |
80,400
+700
| +0.9% | +$9.43K |
|
|
HAYN
2345
DELISTED
Haynes International, Inc.
HAYN
| $569K | ﹤0.01% |
27,601
-900
| -3% | -$23.7K |
|
2346
Matrix Service
MTRX
$330M
| $567K | ﹤0.01% |
59,828
-2,094
| -3% | -$32.3K |
|
2347
Bloom Energy
BE
$69.6B
| $565K | ﹤0.01% |
+108,100
| New | +$917K |
|
2348
Entravision Communication
EVC
$820M
| $565K | ﹤0.01% |
278,197
-67,086
| -19% | -$142K |
|
2349
Xenon Pharmaceuticals
XENE
$6.31B
| $565K | ﹤0.01% |
49,855
-8,700
| -15% | -$124K |
|
|
BRMK
2350
DELISTED
Broadmark Realty Capital Inc. Common Stock
BRMK
| $565K | ﹤0.01% |
75,081
+62,500
| +497% | +$689K |
|
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.