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 | |
|---|---|---|---|---|---|---|
2351
First Mid Bancshares
FMBH
$1.37B
| $1.04M | ﹤0.01% |
29,489
+5,998
| +26% | +$210K |
|
2352
Rhythm Pharmaceuticals
RYTM
$7.77B
| $1.03M | ﹤0.01% |
45,027
+33,985
| +308% | +$755K |
|
|
I
2353
DELISTED
INTELSAT S. A.
I
| $1.03M | ﹤0.01% |
146,898
+14,800
| +11% | +$233K |
|
2354
Orion Group Holdings
ORN
$396M
| $1.03M | ﹤0.01% |
198,400
-69,400
| -26% | -$344K |
|
2355
Rigel Pharmaceuticals
RIGL
$785M
| $1.03M | ﹤0.01% |
47,966
-4,480
| -9% | -$92.2K |
|
|
HMHC
2356
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $1.03M | ﹤0.01% |
164,192
+67,400
| +70% | +$393K |
|
|
MTL
2357
DELISTED
Mechel PAO American Depository Shares, each representing two ordinary shares (ADSs)
MTL
| $1.02M | ﹤0.01% |
496,910
+31,841
| +7% | +$59.7K |
|
|
PETQ
2358
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| $1.02M | ﹤0.01% |
40,800
+6,700
| +20% | +$166K |
|
|
HAYN
2359
DELISTED
Haynes International, Inc.
HAYN
| $1.02M | ﹤0.01% |
28,501
+3,600
| +14% | +$130K |
|
|
BITA
2360
DELISTED
Bitauto Holdings Limited
BITA
| $1.02M | ﹤0.01% |
68,435
+4,290
| +7% | +$64.8K |
|
2361
Nordic American Tanker
NAT
$1.31B
| $1.01M | ﹤0.01% |
204,657
+95,465
| +87% | +$364K |
|
2362
UNIFI
UFI
$129M
| $1.01M | ﹤0.01% |
39,874
-3,300
| -8% | -$79.7K |
|
2363
Kura Oncology
KURA
$882M
| $1.01M | ﹤0.01% |
73,154
+27,200
| +59% | +$403K |
|
2364
Harmonic Inc
HLIT
$1.24B
| $999K | ﹤0.01% |
128,137
+61,351
| +92% | +$458K |
|
2365
Johnson Outdoors
JOUT
$494M
| $999K | ﹤0.01% |
13,022
+3,992
| +44% | +$261K |
|
|
PGNX
2366
DELISTED
Progenics Pharmaceuticals Inc
PGNX
| $997K | ﹤0.01% |
195,884
+56,384
| +40% | +$298K |
|
2367
Unity Bancorp
UNTY
$609M
| $996K | ﹤0.01% |
44,143
-13,700
| -24% | -$303K |
|
2368
Citi Trends
CTRN
$635M
| $994K | ﹤0.01% |
43,000
-9,400
| -18% | -$183K |
|
|
BSTC
2369
DELISTED
BioSpecifics Technologies Corp.
BSTC
| $994K | ﹤0.01% |
17,460
-1,906
| -10% | -$101K |
|
2370
IES Holdings
IESC
$15.5B
| $993K | ﹤0.01% |
38,715
-9,700
| -20% | -$210K |
|
2371
PetMed Express
PETS
$42.3M
| $993K | ﹤0.01% |
42,212
+1,600
| +4% | +$35.8K |
|
2372
Timberland Bancorp
TSBK
$355M
| $993K | ﹤0.01% |
33,400
-8,900
| -21% | -$249K |
|
|
LGF.A
2373
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $993K | ﹤0.01% |
93,141
-819
| -0.9% | -$7.54K |
|
|
CHS
2374
DELISTED
Chicos FAS, Inc.
CHS
| $991K | ﹤0.01% |
260,177
+36,700
| +16% | +$141K |
|
|
AXDX
2375
DELISTED
Accelerate Diagnostics
AXDX
| $988K | ﹤0.01% |
5,843
+2,593
| +80% | +$428K |
|
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.