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 | |
|---|---|---|---|---|---|---|
1326
PagerDuty
PD
$911M
| $3.99M | ﹤0.01% |
139,500
+52,000
| +59% | +$1.25M |
|
1327
Xencor
XNCR
$1.69B
| $3.97M | ﹤0.01% |
122,668
+17,231
| +16% | +$528K |
|
1328
Artisan Partners
APAM
$2.99B
| $3.96M | ﹤0.01% |
121,991
+8,489
| +7% | +$235K |
|
1329
Palomar
PLMR
$3.38B
| $3.96M | ﹤0.01% |
46,217
+19,042
| +70% | +$1.26M |
|
1330
BOK Financial
BOKF
$8.87B
| $3.96M | ﹤0.01% |
70,225
-1,306
| -2% | -$66.8K |
|
|
PMT
1331
PennyMac Mortgage Investment
PMT
$833M
| $3.96M | ﹤0.01% |
225,960
+18,028
| +9% | +$216K |
|
|
NSA
1332
DELISTED
National Storage Affiliates Trust
NSA
| $3.95M | ﹤0.01% |
137,876
+5,905
| +4% | +$169K |
|
|
AY
1333
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
| $3.95M | ﹤0.01% |
135,680
-1,096
| -0.8% | -$27.6K |
|
1334
Akebia Therapeutics
AKBA
$239M
| $3.94M | ﹤0.01% |
290,049
+26,569
| +10% | +$275K |
|
1335
Federal Signal
FSS
$7.62B
| $3.93M | ﹤0.01% |
132,299
-1,503
| -1% | -$42.5K |
|
1336
SPX Corp
SPXC
$10.9B
| $3.93M | ﹤0.01% |
95,579
-2,321
| -2% | -$87.4K |
|
|
OPLN
1337
Openlane
OPLN
$4.4B
| $3.93M | ﹤0.01% |
285,590
-5,875
| -2% | -$80.6K |
|
1338
AtriCure
ATRC
$2.21B
| $3.92M | ﹤0.01% |
87,264
+2,689
| +3% | +$117K |
|
|
PRNB
1339
DELISTED
Principia Biopharma Inc. Common Stock
PRNB
| $3.92M | ﹤0.01% |
65,476
+24,465
| +60% | +$1.51M |
|
|
SFBS
1340
ServisFirst Bancshares
SFBS
$5B
| $3.91M | ﹤0.01% |
109,407
+2,277
| +2% | +$75.1K |
|
1341
Ryman Hospitality Properties
RHP
$7.98B
| $3.91M | ﹤0.01% |
112,936
+7,359
| +7% | +$244K |
|
|
DEA
1342
Easterly Government Properties
DEA
$1.18B
| $3.91M | ﹤0.01% |
67,592
+422
| +0.6% | +$26.8K |
|
1343
InterDigital
IDCC
$8.91B
| $3.9M | ﹤0.01% |
68,932
-2,082
| -3% | -$111K |
|
|
WCC
1344
WESCO International
WCC
$17.5B
| $3.89M | ﹤0.01% |
110,880
+16,848
| +18% | +$504K |
|
1345
PRA Group
PRAA
$777M
| $3.89M | ﹤0.01% |
100,519
-1,171
| -1% | -$37.1K |
|
1346
Progress Software
PRGS
$1.8B
| $3.87M | ﹤0.01% |
99,983
-4,101
| -4% | -$156K |
|
|
ALLK
1347
DELISTED
Allakos
ALLK
| $3.87M | ﹤0.01% |
53,895
+10,517
| +24% | +$705K |
|
1348
Boyd Gaming
BYD
$6.1B
| $3.87M | ﹤0.01% |
185,287
+5,702
| +3% | +$104K |
|
1349
Edgewell Personal Care
EPC
$1.31B
| $3.87M | ﹤0.01% |
124,256
+2,020
| +2% | +$56.6K |
|
|
GTLS
1350
DELISTED
Chart Industries
GTLS
| $3.87M | ﹤0.01% |
79,825
-352
| -0.4% | -$12.9K |
|
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.