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 | |
|---|---|---|---|---|---|---|
1051
Choice Hotels
CHH
$4.71B
| $6.88M | 0.01% |
80,043
+2,366
| +3% | +$213K |
|
1052
Sabra Healthcare REIT
SBRA
$5.15B
| $6.85M | 0.01% |
497,085
+35,848
| +8% | +$526K |
|
1053
NCR Voyix
VYX
$1.17B
| $6.85M | 0.01% |
504,203
+22,188
| +5% | +$264K |
|
1054
ACI Worldwide
ACIW
$5.42B
| $6.84M | 0.01% |
261,976
+3,824
| +1% | +$106K |
|
1055
TG Therapeutics
TGTX
$7.34B
| $6.78M | 0.01% |
253,453
+37,673
| +17% | +$867K |
|
1056
RBC Bearings
RBC
$17.5B
| $6.78M | 0.01% |
55,941
+1,400
| +3% | +$179K |
|
1057
Radian Group
RDN
$4.92B
| $6.76M | 0.01% |
463,066
+18,035
| +4% | +$269K |
|
1058
The Ensign Group
ENSG
$10.6B
| $6.73M | 0.01% |
117,930
+2,688
| +2% | +$139K |
|
|
BMCH
1059
DELISTED
BMC Stock Holdings, Inc
BMCH
| $6.68M | 0.01% |
156,036
+2,921
| +2% | +$96.2K |
|
|
AJRD
1060
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $6.66M | 0.01% |
166,884
+3,603
| +2% | +$146K |
|
1061
Community Bank
CBU
$3.46B
| $6.65M | 0.01% |
122,042
+6,490
| +6% | +$374K |
|
1062
Clean Harbors
CLH
$16.9B
| $6.63M | 0.01% |
118,367
+1,894
| +2% | +$112K |
|
1063
PTC Therapeutics
PTCT
$6.01B
| $6.61M | 0.01% |
141,429
+4,180
| +3% | +$206K |
|
|
JBTM
1064
JBT Marel
JBTM
$6.1B
| $6.61M | 0.01% |
71,926
+1,700
| +2% | +$163K |
|
1065
Crocs
CROX
$6.36B
| $6.6M | 0.01% |
154,549
+3,800
| +3% | +$147K |
|
1066
Silgan Holdings
SLGN
$4.46B
| $6.6M | 0.01% |
179,418
+4,400
| +3% | +$161K |
|
1067
Hexcel
HXL
$7.74B
| $6.59M | 0.01% |
196,553
+7,988
| +4% | +$322K |
|
1068
Carlyle Group
CG
$18.3B
| $6.59M | 0.01% |
267,263
+3,049
| +1% | +$82.2K |
|
|
AGR
1069
DELISTED
Avangrid, Inc.
AGR
| $6.58M | 0.01% |
130,312
+2,903
| +2% | +$140K |
|
|
QVCGA
1070
DELISTED
QVC Group Inc Series A
QVCGA
| $6.56M | 0.01% |
18,283
+4
| +0% | +$1.89K |
|
|
SAGE
1071
DELISTED
Sage Therapeutics
SAGE
| $6.56M | 0.01% |
107,300
+3,100
| +3% | +$157K |
|
1072
Synaptics
SYNA
$4.2B
| $6.56M | 0.01% |
81,516
+2,494
| +3% | +$197K |
|
1073
Valley National Bancorp
VLY
$8.3B
| $6.55M | 0.01% |
956,624
+60,982
| +7% | +$453K |
|
1074
EnerSys
ENS
$7.2B
| $6.55M | 0.01% |
97,584
+2,346
| +2% | +$161K |
|
1075
LXP Industrial Trust
LXP
$3.58B
| $6.54M | 0.01% |
125,096
+10,497
| +9% | +$583K |
|
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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.