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 |
Gilead Sciences
GILD
|
+$473M |
| 2 |
Vertex Pharmaceuticals
VRTX
|
+$433M |
| 3 |
Regeneron Pharmaceuticals
REGN
|
+$371M |
| 4 |
Adobe
ADBE
|
+$284M |
| 5 |
RTX Corp
RTX
|
+$200M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$316M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$139M |
| 3 |
Sysco
SYY
|
+$139M |
| 4 |
AGN
Allergan plc
AGN
|
+$134M |
| 5 |
Welltower
WELL
|
+$117M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.15% |
| 2 | Healthcare | 14.75% |
| 3 | Financials | 12.89% |
| 4 | Consumer Discretionary | 10.68% |
| 5 | Consumer Staples | 8.81% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1251
Sunrun
RUN
$2.48B
| $4.64M | ﹤0.01% |
235,200
+4,800
| +2% | +$73.5K |
|
1252
Outfront Media
OUT
$5.27B
| $4.63M | ﹤0.01% |
332,123
-5,735
| -2% | -$80.4K |
|
1253
Stepan Co
SCL
$1.48B
| $4.63M | ﹤0.01% |
47,686
+1,150
| +2% | +$108K |
|
1254
Telephone and Data Systems
TDS
$4.06B
| $4.62M | ﹤0.01% |
232,519
+7,015
| +3% | +$134K |
|
1255
Vishay Intertechnology
VSH
$5.25B
| $4.61M | ﹤0.01% |
301,577
-8,664
| -3% | -$135K |
|
1256
Murphy Oil
MUR
$5B
| $4.6M | ﹤0.01% |
333,307
+7,414
| +2% | +$85.2K |
|
1257
Steven Madden
SHOO
$3.46B
| $4.6M | ﹤0.01% |
186,246
-3,740
| -2% | -$87.5K |
|
1258
Nu Skin
NUS
$237M
| $4.55M | ﹤0.01% |
118,958
-4,011
| -3% | -$129K |
|
|
AIMC
1259
DELISTED
Altra Industrial Motion Corp
AIMC
| $4.55M | ﹤0.01% |
142,713
-700
| -0.5% | -$18.5K |
|
1260
WaFd
WAFD
$2.83B
| $4.54M | ﹤0.01% |
169,322
-6,487
| -4% | -$167K |
|
1261
Columbia Banking Systems
COLB
$9.26B
| $4.54M | ﹤0.01% |
160,070
-539
| -0.3% | -$13.7K |
|
1262
Western Midstream Partners
WES
$20.1B
| $4.52M | ﹤0.01% |
449,844
-48,048
| -10% | -$398K |
|
1263
Plexus
PLXS
$7.15B
| $4.51M | ﹤0.01% |
63,944
-1,437
| -2% | -$89.2K |
|
1264
Howard Hughes
HHH
$4B
| $4.51M | ﹤0.01% |
91,048
-4,658
| -5% | -$235K |
|
1265
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.49B
| $4.49M | ﹤0.01% |
157,736
+15,470
| +11% | +$423K |
|
|
HI
1266
DELISTED
Hillenbrand
HI
| $4.49M | ﹤0.01% |
165,711
-2,430
| -1% | -$55.2K |
|
1267
Weibo
WB
$1.88B
| $4.49M | ﹤0.01% |
133,484
+11,418
| +9% | +$392K |
|
1268
Cathay General Bancorp
CATY
$4.34B
| $4.47M | ﹤0.01% |
170,064
-4,542
| -3% | -$116K |
|
1269
Spectrum Brands
SPB
$2.1B
| $4.46M | ﹤0.01% |
97,217
+232
| +0.2% | +$9.85K |
|
|
STAY
1270
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $4.46M | ﹤0.01% |
398,709
-14,634
| -4% | -$153K |
|
1271
CarGurus
CARG
$3.39B
| $4.43M | ﹤0.01% |
174,800
+7,883
| +5% | +$184K |
|
1272
CONMED
CNMD
$1.47B
| $4.43M | ﹤0.01% |
61,528
+97
| +0.2% | +$6.75K |
|
1273
Ryder
R
$10.1B
| $4.42M | ﹤0.01% |
117,887
+1,399
| +1% | +$46.4K |
|
|
DOOR
1274
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $4.42M | ﹤0.01% |
56,809
+1,368
| +2% | +$83K |
|
|
ISBC
1275
DELISTED
Investors Bancorp, Inc.
ISBC
| $4.39M | ﹤0.01% |
516,627
+4,568
| +0.9% | +$38.4K |
|
Similar funds
California Public Employees Retirement System's Q2 2020 Portfolio in Review
As of Q2 2020, California Public Employees Retirement System held 3,550 positions worth $101B, up 23% from $82.6B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
California Public Employees Retirement System deployed $3.3B of net new capital in Q2 2020, opening 169 new positions and adding to 1,761 existing holdings. Its largest new stake was RTX Corp: 3,200,810 shares worth $197M.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was Apple, an estimated $316M trimmed.
- California Public Employees Retirement System's largest Q2 2020 buy was RTX Corp: 3,200,810 shares worth $197M.
- California Public Employees Retirement System added most to Gilead Sciences in Q2 2020, an estimated $473M increase.
- California Public Employees Retirement System's biggest Q2 2020 reduction was Apple, cutting an estimated $316M.
- California Public Employees Retirement System fully exited Allergan plc in Q2 2020, selling an estimated $134M.
- California Public Employees Retirement System's ten largest holdings make up 18% of its $101B portfolio in Q2 2020.
- California Public Employees Retirement System opened 169 new positions and closed 43 in Q2 2020.
- California Public Employees Retirement System's portfolio value rose 23% quarter-over-quarter to $101B.
Based on California Public Employees Retirement System's 13F filing for Q2 2020, filed 12 Aug 2020.