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 | |
|---|---|---|---|---|---|---|
801
Landstar System
LSTR
$6.4B
| $10.9M | 0.01% |
87,058
+1,923
| +2% | +$242K |
|
|
COR
802
DELISTED
Coresite Realty Corporation
COR
| $10.9M | 0.01% |
91,453
+1,582
| +2% | +$193K |
|
803
Axalta
AXTA
$7.93B
| $10.8M | 0.01% |
488,984
-2,494
| -0.5% | -$57.8K |
|
804
Saic
SAIC
$5.35B
| $10.8M | 0.01% |
138,055
+8,952
| +7% | +$705K |
|
805
Dropbox
DBX
$7.81B
| $10.8M | 0.01% |
560,044
+13,796
| +3% | +$287K |
|
806
DXC Technology
DXC
$1.79B
| $10.8M | 0.01% |
603,867
+22,453
| +4% | +$410K |
|
807
Brunswick
BC
$5.29B
| $10.8M | 0.01% |
182,542
+3,064
| +2% | +$195K |
|
808
Huntsman Corp
HUN
$1.81B
| $10.7M | 0.01% |
483,499
+16,770
| +4% | +$345K |
|
809
Euronet Worldwide
EEFT
$2.78B
| $10.7M | 0.01% |
117,083
+4,427
| +4% | +$432K |
|
|
BPMC
810
DELISTED
Blueprint Medicines
BPMC
| $10.7M | 0.01% |
114,900
+5,100
| +5% | +$393K |
|
811
AGCO
AGCO
$6.96B
| $10.6M | 0.01% |
143,089
+3,368
| +2% | +$230K |
|
812
Prosperity Bancshares
PB
$8.97B
| $10.6M | 0.01% |
204,779
+5,473
| +3% | +$300K |
|
813
Emergent Biosolutions
EBS
$230M
| $10.6M | 0.01% |
102,656
+2,309
| +2% | +$249K |
|
814
Alaska Air
ALK
$5.3B
| $10.6M | 0.01% |
289,549
+10,103
| +4% | +$378K |
|
|
PPD
815
DELISTED
PPD, Inc. Common Stock
PPD
| $10.6M | 0.01% |
286,455
+146,993
| +105% | +$4.66M |
|
816
East-West Bancorp
EWBC
$18.6B
| $10.6M | 0.01% |
323,479
+8,248
| +3% | +$291K |
|
817
Wyndham Hotels & Resorts
WH
$5.51B
| $10.6M | 0.01% |
209,096
+5,010
| +2% | +$245K |
|
|
NATI
818
DELISTED
National Instruments Corp
NATI
| $10.5M | 0.01% |
295,210
+5,711
| +2% | +$208K |
|
819
Plug Power
PLUG
$3.21B
| $10.5M | 0.01% |
784,495
+56,030
| +8% | +$618K |
|
820
XP
XP
$8.18B
| $10.5M | 0.01% |
251,634
+39,667
| +19% | +$1.81M |
|
821
United Therapeutics
UTHR
$21.5B
| $10.5M | 0.01% |
103,795
+2,926
| +3% | +$321K |
|
822
MDU Resources
MDU
$4.27B
| $10.5M | 0.01% |
1,223,756
+27,921
| +2% | +$240K |
|
823
Performance Food Group
PFGC
$16.4B
| $10.5M | 0.01% |
302,136
+10,016
| +3% | +$322K |
|
824
Tapestry
TPR
$25.9B
| $10.4M | 0.01% |
667,876
+43,687
| +7% | +$643K |
|
|
NVTA
825
DELISTED
Invitae Corporation
NVTA
| $10.4M | 0.01% |
240,200
+6,600
| +3% | +$225K |
|
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.