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 |
Merck
MRK
|
+$261M |
| 2 |
Becton Dickinson
BDX
|
+$198M |
| 3 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$186M |
| 4 |
Apple
AAPL
|
+$171M |
| 5 |
Johnson & Johnson
JNJ
|
+$152M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Aflac
AFL
|
+$125M |
| 2 |
ONC
BeOne Medicines Ltd
ONC
|
+$68.8M |
| 3 |
UDR
UDR
|
+$61.6M |
| 4 |
IMMU
Immunomedics Inc
IMMU
|
+$40.1M |
| 5 |
NextEra Energy
NEE
|
+$38M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.46% |
| 2 | Healthcare | 14.48% |
| 3 | Financials | 12.59% |
| 4 | Consumer Discretionary | 12.05% |
| 5 | Communication Services | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2501
Revolve Group
RVLV
$1.71B
| $959K | ﹤0.01% |
30,781
+1,981
| +7% | +$44.1K |
|
|
SUMO
2502
DELISTED
Sumo Logic, Inc. Common Stock
SUMO
| $959K | ﹤0.01% |
+33,554
| New | +$790K |
|
2503
Fossil Group
FOSL
$321M
| $958K | ﹤0.01% |
110,492
+3,225
| +3% | +$27.1K |
|
|
KBAL
2504
DELISTED
Kimball International
KBAL
| $956K | ﹤0.01% |
79,965
-1,500
| -2% | -$17.1K |
|
2505
Mercantile Bank Corp
MBWM
$1.06B
| $954K | ﹤0.01% |
35,130
-700
| -2% | -$16.7K |
|
|
GOGL
2506
DELISTED
Golden Ocean Group
GOGL
| $953K | ﹤0.01% |
205,840
-3,900
| -2% | -$15.6K |
|
|
FLIC
2507
DELISTED
First of Long Island Corp
FLIC
| $949K | ﹤0.01% |
53,158
+1,432
| +3% | +$24.2K |
|
|
TTCF
2508
DELISTED
Tattooed Chef, Inc Class A Common Stock
TTCF
| $948K | ﹤0.01% |
41,400
-900
| -2% | -$17.8K |
|
2509
CleanSpark
CLSK
$2.98B
| $947K | ﹤0.01% |
+32,588
| New | +$415K |
|
2510
Nordic American Tanker
NAT
$1.43B
| $947K | ﹤0.01% |
320,889
-15,073
| -4% | -$49.2K |
|
|
AIFU
2511
AIFU Inc
AIFU
$218M
| $947K | ﹤0.01% |
197
-7
| -3% | -$41.2K |
|
2512
Waterstone Financial
WSBF
$386M
| $946K | ﹤0.01% |
50,246
-1,554
| -3% | -$27.2K |
|
2513
OneSpaWorld
OSW
$2.74B
| $945K | ﹤0.01% |
93,200
-1,900
| -2% | -$15K |
|
2514
Expro Ltd
XPRO
$2.11B
| $945K | ﹤0.01% |
57,490
-1,100
| -2% | -$14.4K |
|
2515
Dime Commercial Bancshares
DCOM
$1.83B
| $943K | ﹤0.01% |
38,995
+1,281
| +3% | +$27.7K |
|
2516
International Seaways
INSW
$4.78B
| $942K | ﹤0.01% |
57,663
-464
| -0.8% | -$7.45K |
|
|
LOVE
2517
LoveSac
LOVE
$259M
| $941K | ﹤0.01% |
21,829
+1,429
| +7% | +$47.1K |
|
2518
Standard BioTools
LAB
$290M
| $940K | ﹤0.01% |
156,607
-7,496
| -5% | -$49.2K |
|
2519
Omega Flex
OFLX
$289M
| $940K | ﹤0.01% |
6,435
-100
| -2% | -$15.8K |
|
|
SPNE
2520
DELISTED
SeaSpine Holdings Corporation Common Stock
SPNE
| $939K | ﹤0.01% |
53,800
-1,100
| -2% | -$16.8K |
|
2521
ImmunityBio
IBRX
$7.95B
| $938K | ﹤0.01% |
70,360
-490
| -0.7% | -$4.71K |
|
|
DRRX
2522
DELISTED
DURECT Corp
DRRX
| $937K | ﹤0.01% |
45,273
-360
| -0.8% | -$6.85K |
|
2523
Miller Industries
MLR
$643M
| $937K | ﹤0.01% |
24,645
-500
| -2% | -$16.6K |
|
2524
Nano X Imaging
NNOX
$72.5M
| $937K | ﹤0.01% |
20,522
-400
| -2% | -$16.3K |
|
2525
OptimizeRx
OPRX
$162M
| $932K | ﹤0.01% |
29,900
-600
| -2% | -$14.7K |
|
Similar funds
California Public Employees Retirement System's Q4 2020 Portfolio in Review
As of Q4 2020, California Public Employees Retirement System held 3,678 positions worth $130B, up 15% from $112B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
California Public Employees Retirement System's Q4 2020 filing shows 119 new, 1,416 increased, 1,670 reduced and 115 closed positions. Its largest new stake was Seagen Inc. Common Stock: 998,612 shares worth $175M. The largest sale was Aflac, an estimated $125M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 22% a quarter earlier, followed by Healthcare and Financials.
- California Public Employees Retirement System's largest Q4 2020 buy was Seagen Inc. Common Stock: 998,612 shares worth $175M.
- California Public Employees Retirement System added most to Merck in Q4 2020, an estimated $261M increase.
- California Public Employees Retirement System's biggest Q4 2020 reduction was Aflac, cutting an estimated $125M.
- California Public Employees Retirement System fully exited BeOne Medicines Ltd in Q4 2020, selling an estimated $68.8M.
- California Public Employees Retirement System's ten largest holdings make up 18% of its $130B portfolio in Q4 2020.
- California Public Employees Retirement System opened 119 new positions and closed 115 in Q4 2020.
- California Public Employees Retirement System's portfolio value rose 15% quarter-over-quarter to $130B.
Based on California Public Employees Retirement System's 13F filing for Q4 2020, filed 2 Feb 2021.