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 | |
|---|---|---|---|---|---|---|
|
VNET
1301
VNET Group
VNET
$2.2B
| $4.17M | ﹤0.01% |
174,626
-22,804
| -12% | -$368K |
|
1302
Workiva
WK
$3.89B
| $4.16M | ﹤0.01% |
77,700
-4,223
| -5% | -$173K |
|
|
KW
1303
DELISTED
Kennedy-Wilson Holdings
KW
| $4.14M | ﹤0.01% |
272,206
+1,679
| +0.6% | +$24.2K |
|
|
PDCO
1304
DELISTED
Patterson Companies, Inc.
PDCO
| $4.13M | ﹤0.01% |
187,602
+1,300
| +0.7% | +$22.8K |
|
|
WWE
1305
DELISTED
World Wrestling Entertainment
WWE
| $4.12M | ﹤0.01% |
94,897
+6,779
| +8% | +$291K |
|
|
UNIT
1306
Uniti Group
UNIT
$2.42B
| $4.12M | ﹤0.01% |
440,536
+22,319
| +5% | +$167K |
|
1307
Sunstone Hotel Investors
SHO
$2.05B
| $4.12M | ﹤0.01% |
504,902
-19,874
| -4% | -$173K |
|
1308
Badger Meter
BMI
$3.73B
| $4.11M | ﹤0.01% |
65,382
+863
| +1% | +$51.2K |
|
1309
Westlake Corp
WLK
$10.3B
| $4.11M | ﹤0.01% |
76,616
-3,925
| -5% | -$181K |
|
1310
Pebblebrook Hotel Trust
PEB
$2.08B
| $4.09M | ﹤0.01% |
299,673
+10,016
| +3% | +$124K |
|
|
MDC
1311
DELISTED
M.D.C. Holdings, Inc.
MDC
| $4.09M | ﹤0.01% |
123,703
+1,584
| +1% | +$43.8K |
|
1312
Cardlytics
CDLX
$24.4M
| $4.06M | ﹤0.01% |
5,799
+2,525
| +77% | +$1.46M |
|
|
ELME
1313
Elme Communities
ELME
$144M
| $4.05M | ﹤0.01% |
182,622
+334
| +0.2% | +$7.43K |
|
1314
Hancock Whitney
HWC
$6.42B
| $4.04M | ﹤0.01% |
190,789
-5,800
| -3% | -$120K |
|
1315
Albany International
AIN
$1.82B
| $4.04M | ﹤0.01% |
68,838
-1,243
| -2% | -$67.2K |
|
1316
FS KKR Capital
FSK
$3.45B
| $4.04M | ﹤0.01% |
288,434
-2,203
| -0.8% | -$31K |
|
1317
Healthcare Services Group
HCSG
$1.48B
| $4.04M | ﹤0.01% |
165,058
-546
| -0.3% | -$12.9K |
|
1318
Dana Inc
DAN
$3.32B
| $4.02M | ﹤0.01% |
329,793
+7,958
| +2% | +$86.5K |
|
|
CHX
1319
DELISTED
ChampionX
CHX
| $4.01M | ﹤0.01% |
410,967
+238,233
| +138% | +$2.18M |
|
1320
NETSCOUT
NTCT
$2.89B
| $4.01M | ﹤0.01% |
156,847
-1,069
| -0.7% | -$27.6K |
|
1321
Monro
MNRO
$353M
| $4M | ﹤0.01% |
72,871
+136
| +0.2% | +$7.24K |
|
|
TPTX
1322
DELISTED
Turning Point Therapeutics, Inc. Common Stock
TPTX
| $4M | ﹤0.01% |
61,941
+198
| +0.3% | +$11.4K |
|
1323
Hyatt Hotels
H
$17.2B
| $4M | ﹤0.01% |
79,534
-3,181
| -4% | -$169K |
|
1324
Dorman Products
DORM
$3.97B
| $4M | ﹤0.01% |
59,602
-1,147
| -2% | -$73.8K |
|
1325
Atlantic Union Bankshares
AUB
$6.13B
| $3.99M | ﹤0.01% |
172,409
-5,371
| -3% | -$121K |
|
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.