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 | |
|---|---|---|---|---|---|---|
1101
BridgeBio Pharma
BBIO
$15.9B
| $6.2M | 0.01% |
165,337
+4,200
| +3% | +$132K |
|
1102
Viavi Solutions
VIAV
$10.6B
| $6.2M | 0.01% |
528,746
+11,116
| +2% | +$144K |
|
|
CCXI
1103
DELISTED
ChemoCentryx, Inc.
CCXI
| $6.2M | 0.01% |
113,122
+13,904
| +14% | +$749K |
|
1104
Bank OZK
OZK
$5.7B
| $6.2M | 0.01% |
290,634
+9,822
| +3% | +$229K |
|
|
ALE
1105
DELISTED
Allete
ALE
| $6.19M | 0.01% |
119,557
+2,754
| +2% | +$153K |
|
|
GWPH
1106
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $6.16M | 0.01% |
63,300
+1,800
| +3% | +$207K |
|
1107
AllianceBernstein
AB
$3.41B
| $6.14M | 0.01% |
226,957
+11,088
| +5% | +$310K |
|
1108
Kornit Digital
KRNT
$827M
| $6.12M | 0.01% |
94,362
+2,400
| +3% | +$138K |
|
|
COHR
1109
DELISTED
Coherent Inc
COHR
| $6.12M | 0.01% |
55,149
+1,168
| +2% | +$141K |
|
1110
COPT Defense Properties
CDP
$4.23B
| $6.11M | 0.01% |
257,756
+6,070
| +2% | +$151K |
|
1111
Nu Skin
NUS
$236M
| $6.11M | 0.01% |
121,945
+2,987
| +3% | +$142K |
|
1112
Avnet
AVT
$7.87B
| $6.1M | 0.01% |
236,119
+9,952
| +4% | +$270K |
|
1113
Spire
SR
$4.9B
| $6.1M | 0.01% |
114,659
+2,613
| +2% | +$156K |
|
1114
Evercore
EVR
$12B
| $6.08M | 0.01% |
92,830
+2,982
| +3% | +$181K |
|
1115
Hecla Mining
HL
$11.9B
| $6.08M | 0.01% |
1,196,015
+28,400
| +2% | +$150K |
|
1116
WillScot Mobile Mini Holdings
WSC
$4.17B
| $6.07M | 0.01% |
363,667
+243,470
| +203% | +$3.89M |
|
|
MIME
1117
DELISTED
Mimecast Limited
MIME
| $6.06M | 0.01% |
129,245
+4,400
| +4% | +$200K |
|
|
MNTV
1118
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $6.06M | 0.01% |
274,082
+10,300
| +4% | +$239K |
|
1119
Tenet Healthcare
THC
$21.5B
| $6.05M | 0.01% |
247,015
+8,779
| +4% | +$224K |
|
1120
Alkermes
ALKS
$8.3B
| $6.05M | 0.01% |
364,878
+13,588
| +4% | +$247K |
|
1121
Alarm.com
ALRM
$2.74B
| $6.03M | 0.01% |
109,154
+8,355
| +8% | +$517K |
|
|
NEWR
1122
DELISTED
New Relic, Inc.
NEWR
| $6.03M | 0.01% |
107,000
+4,500
| +4% | +$275K |
|
1123
United Bankshares
UBSI
$6.68B
| $6.03M | 0.01% |
280,849
+6,900
| +3% | +$180K |
|
1124
Nektar Therapeutics
NKTR
$2.57B
| $6.02M | 0.01% |
24,193
+680
| +3% | +$214K |
|
1125
Casella Waste Systems
CWST
$5.79B
| $5.99M | 0.01% |
107,205
+2,683
| +3% | +$147K |
|
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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.