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 | |
|---|---|---|---|---|---|---|
1626
Acushnet Holdings
GOLF
$5.24B
| $2.64M | ﹤0.01% |
75,814
-2,400
| -3% | -$71.2K |
|
|
RCM
1627
DELISTED
R1 RCM Inc. Common Stock
RCM
| $2.64M | ﹤0.01% |
236,529
-298
| -0.1% | -$3.07K |
|
1628
Tennant Co
TNC
$1.17B
| $2.63M | ﹤0.01% |
40,451
+300
| +0.7% | +$18.2K |
|
|
BMY.RT
1629
DELISTED
Bristol-Myers Squibb Company Contingent Value Rights
BMY.RT
| $2.63M | ﹤0.01% |
733,900
-438,644
| -37% | -$1.58M |
|
1630
Veracyte
VCYT
$3.33B
| $2.62M | ﹤0.01% |
101,200
-5,263
| -5% | -$131K |
|
|
AVYA
1631
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $2.61M | ﹤0.01% |
211,306
-3,830
| -2% | -$44.1K |
|
1632
ICF International
ICFI
$1.58B
| $2.61M | ﹤0.01% |
40,274
-622
| -2% | -$40.8K |
|
|
ARCE
1633
DELISTED
Arco Platform Limited Class A Common Shares
ARCE
| $2.61M | ﹤0.01% |
60,021
+29,340
| +96% | +$1.39M |
|
|
KAMN
1634
DELISTED
Kaman Corp
KAMN
| $2.59M | ﹤0.01% |
62,306
-258
| -0.4% | -$9.99K |
|
1635
AMERISAFE
AMSF
$514M
| $2.59M | ﹤0.01% |
42,346
-200
| -0.5% | -$12.4K |
|
1636
Hercules Capital
HTGC
$3.13B
| $2.59M | ﹤0.01% |
247,400
+20,900
| +9% | +$212K |
|
|
MFA
1637
MFA Financial
MFA
$929M
| $2.58M | ﹤0.01% |
258,634
+2,076
| +0.8% | +$16.1K |
|
|
SASR
1638
DELISTED
Sandy Spring Bancorp Inc
SASR
| $2.57M | ﹤0.01% |
103,820
+23,979
| +30% | +$570K |
|
|
SNBR
1639
DELISTED
Sleep Number
SNBR
| $2.57M | ﹤0.01% |
61,731
-1,465
| -2% | -$46.6K |
|
1640
Sonos
SONO
$1.94B
| $2.57M | ﹤0.01% |
175,696
+16,397
| +10% | +$174K |
|
1641
Group 1 Automotive
GPI
$3.16B
| $2.57M | ﹤0.01% |
38,941
-2,226
| -5% | -$127K |
|
1642
Rush Enterprises Class A
RUSHA
$9.59B
| $2.56M | ﹤0.01% |
139,174
-281
| -0.2% | -$4.68K |
|
1643
Diamondrock Hospitality Co
DRH
$2.52B
| $2.56M | ﹤0.01% |
462,612
-2,147
| -0.5% | -$11.8K |
|
1644
Qfin Holdings
QFIN
$1.5B
| $2.56M | ﹤0.01% |
238,857
+151,011
| +172% | +$1.38M |
|
|
ARGO
1645
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $2.56M | ﹤0.01% |
73,421
-405
| -0.5% | -$13.5K |
|
|
SWAV
1646
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $2.55M | ﹤0.01% |
53,900
-2,848
| -5% | -$117K |
|
1647
Carpenter Technology
CRS
$27B
| $2.55M | ﹤0.01% |
105,025
+100
| +0.1% | +$2.22K |
|
1648
Kadant
KAI
$3.92B
| $2.54M | ﹤0.01% |
25,493
+1,059
| +4% | +$94.3K |
|
1649
Hope Bancorp
HOPE
$1.84B
| $2.54M | ﹤0.01% |
275,524
-3,404
| -1% | -$30.5K |
|
1650
Regenxbio
RGNX
$716M
| $2.54M | ﹤0.01% |
68,900
+900
| +1% | +$33.6K |
|
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.