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 | |
|---|---|---|---|---|---|---|
1151
NorthWestern Energy
NWE
$4.4B
| $5.74M | 0.01% |
117,984
+3,804
| +3% | +$202K |
|
1152
Pacira BioSciences
PCRX
$924M
| $5.74M | 0.01% |
95,457
+4,008
| +4% | +$233K |
|
|
SINA
1153
DELISTED
Sina Corp
SINA
| $5.71M | 0.01% |
134,134
+2,951
| +2% | +$119K |
|
1154
Avient
AVNT
$4.23B
| $5.71M | 0.01% |
+215,931
| New | +$5.63M |
|
1155
Commercial Metals
CMC
$7.98B
| $5.69M | 0.01% |
284,672
+6,771
| +2% | +$141K |
|
1156
Teradata
TDC
$2.57B
| $5.68M | 0.01% |
250,228
-806
| -0.3% | -$17.9K |
|
1157
Twist Bioscience
TWST
$7.86B
| $5.67M | 0.01% |
74,695
+13,526
| +22% | +$842K |
|
1158
Crane NXT
CXT
$2.96B
| $5.67M | 0.01% |
325,747
+8,879
| +3% | +$175K |
|
1159
Boyd Gaming
BYD
$6.05B
| $5.67M | 0.01% |
184,685
-602
| -0.3% | -$15.1K |
|
|
NUVA
1160
DELISTED
NuVasive, Inc.
NUVA
| $5.66M | 0.01% |
116,567
+307
| +0.3% | +$16.5K |
|
|
DOOR
1161
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $5.65M | 0.01% |
57,412
+603
| +1% | +$53.5K |
|
1162
Aaon
AAON
$7.23B
| $5.64M | 0.01% |
140,504
+2,234
| +2% | +$85.6K |
|
|
PSB
1163
DELISTED
PS Business Parks, Inc.
PSB
| $5.64M | 0.01% |
46,110
+1,303
| +3% | +$168K |
|
1164
ABM Industries
ABM
$2.82B
| $5.63M | 0.01% |
153,600
+5,133
| +3% | +$188K |
|
|
TPH
1165
DELISTED
Tri Pointe Homes
TPH
| $5.63M | 0.01% |
310,327
+11,633
| +4% | +$197K |
|
1166
Sensient Technologies
SXT
$5.53B
| $5.63M | 0.01% |
97,421
+2,300
| +2% | +$127K |
|
1167
MasTec
MTZ
$23B
| $5.59M | 0.01% |
132,560
+1,189
| +0.9% | +$51.1K |
|
|
SRNE
1168
DELISTED
Sorrento Therapeutics, Inc.
SRNE
| $5.59M | 0.01% |
500,994
+112,986
| +29% | +$1.03M |
|
|
XEC
1169
DELISTED
CIMAREX ENERGY CO
XEC
| $5.58M | 0.01% |
229,330
+6,000
| +3% | +$158K |
|
1170
TriNet
TNET
$3.22B
| $5.55M | ﹤0.01% |
93,568
+2,400
| +3% | +$154K |
|
1171
Energizer
ENR
$1.55B
| $5.55M | ﹤0.01% |
141,766
+3,172
| +2% | +$145K |
|
1172
Wintrust Financial
WTFC
$11B
| $5.54M | ﹤0.01% |
138,425
+6,228
| +5% | +$266K |
|
|
MDC
1173
DELISTED
M.D.C. Holdings, Inc.
MDC
| $5.54M | ﹤0.01% |
126,943
+3,240
| +3% | +$129K |
|
1174
Itron
ITRI
$4.5B
| $5.53M | ﹤0.01% |
90,968
+2,200
| +2% | +$140K |
|
1175
Diodes
DIOD
$4.48B
| $5.51M | ﹤0.01% |
97,612
+2,027
| +2% | +$103K |
|
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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.