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 | |
|---|---|---|---|---|---|---|
2376
First Bancorp
FNLC
$400M
| $984K | ﹤0.01% |
32,558
-4,400
| -12% | -$125K |
|
|
FFWM
2377
DELISTED
First Foundation Inc
FFWM
| $980K | ﹤0.01% |
56,301
+20,218
| +56% | +$326K |
|
|
MFSF
2378
DELISTED
MutualFirst Financial Inc
MFSF
| $979K | ﹤0.01% |
24,666
-5,600
| -19% | -$207K |
|
2379
Alector
ALEC
$233M
| $977K | ﹤0.01% |
56,693
+45,800
| +420% | +$779K |
|
2380
Global Partners
GLP
$1.69B
| $977K | ﹤0.01% |
48,487
+11,409
| +31% | +$229K |
|
2381
National CineMedia
NCMI
$355M
| $977K | ﹤0.01% |
13,398
+720
| +6% | +$54.2K |
|
|
EGLE
2382
DELISTED
Eagle Bulk Shipping Inc.
EGLE
| $976K | ﹤0.01% |
30,303
-6,705
| -18% | -$206K |
|
2383
Intellia Therapeutics
NTLA
$1.68B
| $973K | ﹤0.01% |
66,300
+54,900
| +482% | +$764K |
|
2384
Tootsie Roll Industries
TR
$2.97B
| $968K | ﹤0.01% |
34,861
-4,149
| -11% | -$117K |
|
|
CBB
2385
DELISTED
Cincinnati Bell Inc.
CBB
| $968K | ﹤0.01% |
92,481
+11,600
| +14% | +$71.2K |
|
2386
First Financial Corp
THFF
$967M
| $966K | ﹤0.01% |
21,127
-1,855
| -8% | -$81.8K |
|
|
EIGI
2387
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $966K | ﹤0.01% |
205,626
-20,000
| -9% | -$82.2K |
|
2388
Modine Manufacturing
MOD
$10.5B
| $963K | ﹤0.01% |
125,098
+6,984
| +6% | +$62.6K |
|
2389
NVE Corp
NVEC
$565M
| $963K | ﹤0.01% |
13,481
-1,200
| -8% | -$78.2K |
|
|
TBRG
2390
DELISTED
TruBridge
TBRG
| $962K | ﹤0.01% |
36,445
-3,500
| -9% | -$87.3K |
|
2391
Sterling Infrastructure
STRL
$16.3B
| $961K | ﹤0.01% |
68,238
+3,400
| +5% | +$51.2K |
|
2392
Digital Turbine
APPS
$1.58B
| $960K | ﹤0.01% |
134,691
-34,796
| -21% | -$259K |
|
|
AIOT
2393
PowerFleet Inc
AIOT
$381M
| $956K | ﹤0.01% |
146,786
| – | – |
|
2394
CryoPort
CYRX
$757M
| $954K | ﹤0.01% |
57,961
+4,546
| +9% | +$67.6K |
|
|
PBFX
2395
DELISTED
PBF LOGISTICS LP
PBFX
| $954K | ﹤0.01% |
47,100
+25,900
| +122% | +$541K |
|
|
RPT
2396
Rithm Property Trust
RPT
$98.2M
| $952K | ﹤0.01% |
11,085
+114
| +1% | +$10.1K |
|
|
PDLI
2397
DELISTED
PDL BioPharma, Inc.
PDLI
| $951K | ﹤0.01% |
293,171
-16,100
| -5% | -$46.7K |
|
2398
Old Second Bancorp
OSBC
$1.29B
| $950K | ﹤0.01% |
70,551
-13,586
| -16% | -$170K |
|
|
AGEN
2399
Agenus
AGEN
$307M
| $949K | ﹤0.01% |
11,879
+2,472
| +26% | +$166K |
|
|
FONR
2400
DELISTED
Fonar
FONR
| $949K | ﹤0.01% |
48,175
| – | – |
|
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.