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 | |
|---|---|---|---|---|---|---|
|
SFIX
1101
Stitch Fix
SFIX
$474M
| $8.85M | 0.01% |
150,773
+33,473
| +29% | +$1.43M |
|
1102
Ryder
R
$10.1B
| $8.83M | 0.01% |
142,965
+23,177
| +19% | +$1.29M |
|
1103
Warner Music
WMG
$13B
| $8.8M | 0.01% |
231,542
+29,212
| +14% | +$890K |
|
1104
Cardlytics
CDLX
$24.7M
| $8.73M | 0.01% |
6,117
+118
| +2% | +$126K |
|
1105
Dick's Sporting Goods
DKS
$18.1B
| $8.71M | 0.01% |
154,959
+6,635
| +4% | +$378K |
|
1106
FNB Corp
FNB
$6.86B
| $8.69M | 0.01% |
915,033
+137,953
| +18% | +$1.17M |
|
1107
Wintrust Financial
WTFC
$11B
| $8.67M | 0.01% |
141,909
+3,484
| +3% | +$187K |
|
1108
New Jersey Resources
NJR
$5.62B
| $8.66M | 0.01% |
243,750
+27,908
| +13% | +$908K |
|
1109
Watts Water Technologies
WTS
$12.9B
| $8.65M | 0.01% |
71,114
+8,174
| +13% | +$936K |
|
|
STL
1110
DELISTED
Sterling Bancorp
STL
| $8.64M | 0.01% |
480,659
+12,144
| +3% | +$183K |
|
1111
FormFactor
FORM
$10.1B
| $8.6M | 0.01% |
200,004
+23,543
| +13% | +$850K |
|
1112
Array Technologies
ARRY
$799M
| $8.6M | 0.01% |
+199,423
| New | +$8.04M |
|
1113
Community Bank
CBU
$3.43B
| $8.6M | 0.01% |
137,944
+15,902
| +13% | +$976K |
|
1114
Southwest Gas
SWX
$6.68B
| $8.59M | 0.01% |
141,340
+14,459
| +11% | +$953K |
|
1115
Carlyle Group
CG
$17.2B
| $8.56M | 0.01% |
272,241
+4,978
| +2% | +$140K |
|
1116
CNO Financial Group
CNO
$5.02B
| $8.55M | 0.01% |
384,757
+47,658
| +14% | +$971K |
|
1117
UFP Industries
UFPI
$5.06B
| $8.54M | 0.01% |
153,695
+15,586
| +11% | +$855K |
|
1118
Tenable Holdings
TENB
$4.08B
| $8.52M | 0.01% |
163,074
+18,374
| +13% | +$728K |
|
1119
Cerence
CRNC
$391M
| $8.51M | 0.01% |
84,722
+573
| +0.7% | +$42.7K |
|
|
ALLK
1120
DELISTED
Allakos
ALLK
| $8.47M | 0.01% |
60,516
+5,321
| +10% | +$554K |
|
|
BMCH
1121
DELISTED
BMC Stock Holdings, Inc
BMCH
| $8.46M | 0.01% |
157,689
+1,653
| +1% | +$76.5K |
|
1122
Ormat Technologies
ORA
$6.97B
| $8.44M | 0.01% |
93,493
+10,193
| +12% | +$772K |
|
|
SEM
1123
DELISTED
Select Medical
SEM
| $8.44M | 0.01% |
566,247
+77,208
| +16% | +$1.01M |
|
|
ALE
1124
DELISTED
Allete
ALE
| $8.44M | 0.01% |
136,212
+16,655
| +14% | +$944K |
|
1125
H&R Block
HRB
$6.87B
| $8.42M | 0.01% |
530,910
+81,168
| +18% | +$1.4M |
|
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.