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 |
EA
Electronic Arts
EA
|
+$217M |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$217M |
| 3 |
Amazon
AMZN
|
+$205M |
| 4 |
T-Mobile US
TMUS
|
+$202M |
| 5 |
Microsoft
MSFT
|
+$192M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Realty Income
O
|
+$111M |
| 2 |
Healthpeak Properties
DOC
|
+$87.1M |
| 3 |
Hartford Financial Services
HIG
|
+$68.7M |
| 4 |
Annaly Capital Management
NLY
|
+$63.7M |
| 5 |
W.P. Carey
WPC
|
+$54.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.85% |
| 2 | Healthcare | 14.17% |
| 3 | Financials | 12.05% |
| 4 | Consumer Discretionary | 11.92% |
| 5 | Communication Services | 8.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PBFX
2651
DELISTED
PBF LOGISTICS LP
PBFX
| $597K | ﹤0.01% |
73,300
+2,100
| +3% | +$19.8K |
|
|
ARD
2652
DELISTED
Ardagh Group S.A. Class A Common Shares
ARD
| $596K | ﹤0.01% |
42,432
+63
| +0.1% | +$910 |
|
2653
Hanmi Financial
HAFC
$956M
| $595K | ﹤0.01% |
72,469
+5,072
| +8% | +$46.9K |
|
|
RTLR
2654
DELISTED
Rattler Midstream LP Common Units
RTLR
| $592K | ﹤0.01% |
99,573
+2,400
| +2% | +$18.9K |
|
|
RFP
2655
DELISTED
Resolute Forest Products Inc.
RFP
| $588K | ﹤0.01% |
131,189
-2,051
| -2% | -$7.68K |
|
2656
AMC Entertainment Holdings
AMC
$2.26B
| $587K | ﹤0.01% |
12,471
+603
| +5% | +$30.2K |
|
|
VRS
2657
DELISTED
Verso Corporation
VRS
| $584K | ﹤0.01% |
74,033
-6,100
| -8% | -$74.2K |
|
|
SRTA
2658
Strata Critical Medical Inc
SRTA
$533M
| $583K | ﹤0.01% |
58,000
+1,800
| +3% | +$18.2K |
|
2659
Financial Institutions
FISI
$825M
| $583K | ﹤0.01% |
37,881
+1,689
| +5% | +$27.7K |
|
2660
NWPX Infrastructure Inc
NWPX
$1.1B
| $583K | ﹤0.01% |
22,033
+700
| +3% | +$18.5K |
|
|
IVC
2661
DELISTED
Invacare Corporation
IVC
| $583K | ﹤0.01% |
77,583
+3,000
| +4% | +$20.8K |
|
2662
Ranpak Holdings
PACK
$464M
| $581K | ﹤0.01% |
61,000
+2,400
| +4% | +$21.4K |
|
2663
SoundThinking
SSTI
$107M
| $578K | ﹤0.01% |
18,631
+800
| +4% | +$22K |
|
2664
Microvision
MVIS
$89.7M
| $577K | ﹤0.01% |
19,740
+17,900
| +973% | +$470K |
|
2665
Titan Machinery
TITN
$431M
| $577K | ﹤0.01% |
43,623
+1,700
| +4% | +$20.7K |
|
2666
West Bancorporation
WTBA
$503M
| $577K | ﹤0.01% |
36,458
+1,100
| +3% | +$18.6K |
|
|
QTT
2667
DELISTED
Qutoutiao Inc. American Depositary Shares
QTT
| $577K | ﹤0.01% |
26,329
+975
| +4% | +$28K |
|
|
DSKE
2668
DELISTED
Daseke, Inc. Common Stock
DSKE
| $574K | ﹤0.01% |
106,931
+61,900
| +137% | +$318K |
|
2669
Capital City Bank Group
CCBG
$896M
| $573K | ﹤0.01% |
30,503
+1,000
| +3% | +$19.6K |
|
2670
Delek Logistics
DKL
$3.19B
| $573K | ﹤0.01% |
20,220
+800
| +4% | +$23.6K |
|
2671
Tidewater
TDW
$4.56B
| $573K | ﹤0.01% |
85,400
+3,600
| +4% | +$23.6K |
|
|
ORBC
2672
DELISTED
ORBCOMM, Inc.
ORBC
| $573K | ﹤0.01% |
168,618
+5,100
| +3% | +$19.8K |
|
|
WSR
2673
DELISTED
Whitestone REIT
WSR
| $572K | ﹤0.01% |
95,362
+4,496
| +5% | +$29.3K |
|
2674
MeiraGTx Holdings
MGTX
$1.2B
| $571K | ﹤0.01% |
43,100
-2,551
| -6% | -$33.6K |
|
|
SIRE
2675
DELISTED
Sisecam Resources LP
SIRE
| $570K | ﹤0.01% |
45,578
+1,600
| +4% | +$17.7K |
|
Similar funds
California Public Employees Retirement System's Q3 2020 Portfolio in Review
As of Q3 2020, California Public Employees Retirement System held 3,611 positions worth $112B, up 11% from $101B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Trading was light in Q3 2020: portfolio turnover was 4.3%. California Public Employees Retirement System opened 104 new positions and exited 52, leaving the 3,611-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 21% a quarter earlier, followed by Healthcare and Financials.
- California Public Employees Retirement System's largest Q3 2020 buy was KE Holdings: 253,194 shares worth $15.5M.
- California Public Employees Retirement System added most to Electronic Arts in Q3 2020, an estimated $217M increase.
- California Public Employees Retirement System's biggest Q3 2020 reduction was Realty Income, cutting an estimated $111M.
- California Public Employees Retirement System fully exited Seagen Inc. Common Stock in Q3 2020, selling an estimated $46.2M.
- California Public Employees Retirement System's ten largest holdings make up 19% of its $112B portfolio in Q3 2020.
- California Public Employees Retirement System opened 104 new positions and closed 52 in Q3 2020.
- California Public Employees Retirement System's portfolio value rose 11% quarter-over-quarter to $112B.
Based on California Public Employees Retirement System's 13F filing for Q3 2020, filed 5 Nov 2020.