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 | 22.29% |
| 2 | Healthcare | 14.28% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 11.95% |
| 5 | Communication Services | 9.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1051
Cannae Holdings
CNNE
$675M
| $9.68M | 0.01% |
218,633
+20,736
| +10% | +$842K |
|
1052
Enovis
ENOV
$1.48B
| $9.64M | 0.01% |
146,406
+13,572
| +10% | +$793K |
|
1053
Melco Resorts & Entertainment
MLCO
$2.14B
| $9.62M | 0.01% |
518,790
+50,786
| +11% | +$883K |
|
1054
Murphy USA
MUSA
$10.4B
| $9.62M | 0.01% |
73,504
+7,770
| +12% | +$998K |
|
1055
Choice Hotels
CHH
$4.71B
| $9.61M | 0.01% |
90,065
+10,022
| +13% | +$974K |
|
1056
Sabra Healthcare REIT
SBRA
$5.15B
| $9.57M | 0.01% |
550,818
+53,733
| +11% | +$857K |
|
1057
Hawaiian Electric Industries
HE
$2.04B
| $9.56M | 0.01% |
270,285
+23,803
| +10% | +$842K |
|
1058
The Ensign Group
ENSG
$10.6B
| $9.55M | 0.01% |
130,947
+13,017
| +11% | +$863K |
|
|
XEC
1059
DELISTED
CIMAREX ENERGY CO
XEC
| $9.52M | 0.01% |
253,814
+24,484
| +11% | +$784K |
|
1060
Radian Group
RDN
$4.92B
| $9.52M | 0.01% |
469,938
+6,872
| +1% | +$129K |
|
|
BHVN
1061
DELISTED
Biohaven Pharmaceutical Holding Company Ltd.
BHVN
| $9.49M | 0.01% |
110,702
+1,810
| +2% | +$153K |
|
1062
Ovintiv
OVV
$17.2B
| $9.46M | 0.01% |
659,086
+39,384
| +6% | +$461K |
|
|
BCPC
1063
Balchem Corp
BCPC
$5.65B
| $9.46M | 0.01% |
82,070
+8,369
| +11% | +$883K |
|
1064
Valmont Industries
VMI
$9.5B
| $9.45M | 0.01% |
54,041
+5,868
| +12% | +$914K |
|
1065
Kornit Digital
KRNT
$827M
| $9.45M | 0.01% |
105,967
+11,605
| +12% | +$891K |
|
1066
WillScot Mobile Mini Holdings
WSC
$4.17B
| $9.44M | 0.01% |
407,370
+43,703
| +12% | +$881K |
|
1067
Bank OZK
OZK
$5.7B
| $9.37M | 0.01% |
299,783
+9,149
| +3% | +$247K |
|
|
DOC
1068
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $9.37M | 0.01% |
526,418
+50,854
| +11% | +$910K |
|
|
MBT
1069
DELISTED
Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares
MBT
| $9.37M | 0.01% |
1,046,608
-8,070
| -0.8% | -$68.4K |
|
1070
Avnet
AVT
$7.87B
| $9.37M | 0.01% |
266,754
+30,635
| +13% | +$909K |
|
|
GAP
1071
The Gap Inc
GAP
$7.34B
| $9.34M | 0.01% |
462,384
+46,452
| +11% | +$975K |
|
|
WNS
1072
DELISTED
WNS Holdings
WNS
| $9.33M | 0.01% |
129,526
+12,666
| +11% | +$849K |
|
1073
First Citizens BancShares
FCNCA
$25.6B
| $9.33M | 0.01% |
16,249
+1,573
| +11% | +$793K |
|
|
COHR
1074
DELISTED
Coherent Inc
COHR
| $9.33M | 0.01% |
62,179
+7,030
| +13% | +$900K |
|
1075
Avient
AVNT
$4.23B
| $9.32M | 0.01% |
231,295
+15,364
| +7% | +$542K |
|
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.