DFX Intelligence
Allocator Intelligence
The capital-owner graph behind private markets. Who owns the capital, who decides, how much, under what policy, on whose advice, to which managers, and what changed, with a source and a date behind every row. A target is never an actual, a disclosed holding is never an approval, and an estimate says so.
Corporate pension
Blue Shield of California Employees Retirement Plan
Corporate pensionOakland, CA
Assets
$562M
Total assets, Dec 31, 2024 reported
Funded
111.5%
Jan 1, 2024
Private markets target
n/a
policy Dec 31, 2024
Commitments
0
none on the tape
Plan sponsor: California Physicians Service DBA Blue Shield of California
Allocation policy
Form 5500, as of Dec 31, 2024
Actual allocation lines without a target (as filed)
- Interest-bearing cash 0.6%
- Corporate debt instruments (other) 28.6%
- U.S. Government securities 28.1%
- Common stock 38.8%
Consultants and advisers
3 firms
- Northern Trust Co. Directed trusteethrough Dec 31, 2022 Form 5500
- Income Research & Mgmt. Inc. Trusteethrough Dec 31, 2022 Form 5500
- AON Consulting, Inc. Actuarythrough Dec 31, 2022 Form 5500
People
No investment staff or executives have been read for this allocator yet.
Manager roster
5 managers on Schedule C
From Schedule C (investment management, code 28)
- Victory Capital Managementplan years 2023
- Wedge Capitalplan years 2022
- Acadian Asset Managementplan years 2022
- Blackrock Financial Management, Incplan years 2022
- Baille Giffordplan years 2022
Commitments
No fund commitments are on the tape for this allocator. The tape holds the plans that publish their own private-markets reports; a plan that publishes one and is not here is a gap we can close.
Size and funding
33 readings
Form 5500 filings
3 plan years
| Plan year | Participants | Assets (SB market) | Funding target | FTAP | Total assets (H) | Partnerships / JV | Master trust | Real estate |
|---|---|---|---|---|---|---|---|---|
| 2024 to Dec 31, 2024 | 7,010 | $563M | $500M | 111.5% | $562M | n/a | n/a | n/a |
| 2023 to Dec 31, 2023 | 7,238 | $527M | $489M | 109.3% | $566M | n/a | n/a | n/a |
| 2022 to Dec 31, 2022 | 7,469 | $716M | $479M | 126.1% | $528M | n/a | n/a | n/a |
Service providers and investment entities as filed (Schedule C and D, latest year first)
- Blue Cross and Blue Shield Assoc. codes 14 $1.1M PY2024
- Acadian Asset Management codes 28 $224,164 PY2024
- The Northern Trust Company codes 25 $207,437 PY2024
- Income Research and Management Inc. codes 21 51 $155,409 PY2024
- Baillie Gifford codes 28 $147,900 PY2024
- Blackrock Financial Management, Inc codes 28 $137,588 PY2024
- Victory Capital Management Inc codes 28 $45,060 PY2024
- Armanino LLP codes 10 $42,179 PY2024
- Blue Shield of California codes 13 $31,407 PY2024
- AON Consulting, Inc. codes 11 PY2024
- Blue Cross and Blue Shield Assoc. codes 14 $976,075 PY2023
- Acadian Asset Management codes 28 $257,228 PY2023
- Baillie Gifford codes 28 $225,468 PY2023
- The Northern Trust Company codes 25 $222,433 PY2023
- Blackrock Financial Management, Inc codes 28 $136,622 PY2023
- Income Research and Management Inc. codes 21 51 $118,173 PY2023
- Victory Capital Management Inc codes 28 $49,104 PY2023
- Armanino LLP codes 10 $40,943 PY2023
- Blue Shield of California codes 13 $31,330 PY2023
- AON Consulting, Inc. codes 11 PY2023
- Blue Cross and Blue Shield Assoc. codes 14 $785,583 PY2022
- Acadian Asset Management codes 28 $302,385 PY2022
- Baillie Gifford codes 28 $248,965 PY2022
- The Northern Trust Company codes 25 $242,775 PY2022
- Wedge Capital codes 28 $163,304 PY2022
- Blackrock Financial Management, Inc codes 28 $138,012 PY2022
- Income Research and Management Inc. codes 21 51 $114,268 PY2022
- Blue Shield of California codes 13 $78,408 PY2022
- Armanino LLP codes 10 $39,060 PY2022
- AON Consulting, Inc. codes 11 PY2022
What changed
5 events
- Jan 1, 2024Funded status changedBlue Shield of California Employees Retirement Plan funded ratio 109.3% -> 111.5% (2023-01-01 to 2024-01-01)
- Dec 31, 2023Manager relationship endedinferenceWedge Capital no longer appears on Blue Shield of California Employees Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)with Wedge Capitalaskebsa.dol.gov
- Dec 31, 2023Manager relationship startedVictory Capital Management Inc appears on Blue Shield of California Employees Retirement Plan's Schedule C as investment manager (plan year 2023 vs 2022)with Victory Capital Managementaskebsa.dol.gov
- Jan 1, 2023Funded status changedBlue Shield of California Employees Retirement Plan funded ratio 126.1% -> 109.3% (2022-01-01 to 2023-01-01)
- Jan 1, 2023Assets changedBlue Shield of California Employees Retirement Plan plan assets $716M -> $527M (-26.4%, 2022-01-01 to 2023-01-01)
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Provenance
Identifiers: EIN-PN 940360524-001
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 15, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.