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 | 22.03% |
| 2 | Healthcare | 14.41% |
| 3 | Financials | 12.11% |
| 4 | Consumer Discretionary | 12.02% |
| 5 | Communication Services | 9.08% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SAFE
1701
DELISTED
Safehold Inc.
SAFE
| $2.49M | ﹤0.01% |
40,135
+1,000
| +3% | +$54.2K |
|
1702
Independence Realty Trust
IRT
$4.02B
| $2.48M | ﹤0.01% |
214,147
+1,201
| +0.6% | +$13.8K |
|
|
KAMN
1703
DELISTED
Kaman Corp
KAMN
| $2.47M | ﹤0.01% |
63,472
+1,166
| +2% | +$50.1K |
|
1704
Simulations Plus
SLP
$371M
| $2.46M | ﹤0.01% |
32,628
+4,032
| +14% | +$259K |
|
|
FARO
1705
DELISTED
Faro Technologies
FARO
| $2.45M | ﹤0.01% |
40,238
+922
| +2% | +$52.8K |
|
1706
Northwest Bancshares
NWBI
$2.32B
| $2.45M | ﹤0.01% |
266,748
+7,600
| +3% | +$75.1K |
|
|
ICPT
1707
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $2.45M | ﹤0.01% |
59,093
+1,700
| +3% | +$78.1K |
|
1708
Suburban Propane Partners
SPH
$1.18B
| $2.45M | ﹤0.01% |
150,347
+7,374
| +5% | +$101K |
|
1709
Diamondrock Hospitality Co
DRH
$2.54B
| $2.44M | ﹤0.01% |
480,901
+18,289
| +4% | +$95.1K |
|
1710
Virtus Investment Partners
VRTS
$1.13B
| $2.42M | ﹤0.01% |
17,492
+708
| +4% | +$95.8K |
|
1711
Alamo Group
ALG
$2.03B
| $2.42M | ﹤0.01% |
22,413
+600
| +3% | +$63.8K |
|
1712
Plains GP Holdings
PAGP
$5.08B
| $2.42M | ﹤0.01% |
397,389
+11,200
| +3% | +$85.8K |
|
|
EPZM
1713
DELISTED
Epizyme, Inc
EPZM
| $2.41M | ﹤0.01% |
202,239
+4,900
| +2% | +$65.6K |
|
1714
Supernus Pharmaceuticals
SUPN
$2.77B
| $2.41M | ﹤0.01% |
115,641
+4,460
| +4% | +$101K |
|
|
SASR
1715
DELISTED
Sandy Spring Bancorp Inc
SASR
| $2.41M | ﹤0.01% |
104,299
+479
| +0.5% | +$11.3K |
|
1716
Coherus Oncology
CHRS
$182M
| $2.4M | ﹤0.01% |
131,130
+3,000
| +2% | +$55.8K |
|
1717
Macerich
MAC
$6.99B
| $2.4M | ﹤0.01% |
353,776
+30,292
| +9% | +$238K |
|
1718
Middlesex Water
MSEX
$1.1B
| $2.4M | ﹤0.01% |
38,617
+900
| +2% | +$58.4K |
|
1719
Stride
LRN
$3.44B
| $2.4M | ﹤0.01% |
91,062
+2,581
| +3% | +$99.8K |
|
|
ODP
1720
DELISTED
ODP
ODP
| $2.4M | ﹤0.01% |
123,248
+4,177
| +4% | +$89.3K |
|
1721
Materion
MTRN
$5.91B
| $2.39M | ﹤0.01% |
46,021
+653
| +1% | +$36.9K |
|
|
CSW
1722
CSW Industrials
CSW
$5.62B
| $2.39M | ﹤0.01% |
30,916
-234
| -0.8% | -$17K |
|
|
TLND
1723
DELISTED
Talend S.A. American Depositary Shares
TLND
| $2.38M | ﹤0.01% |
61,100
+1,600
| +3% | +$61.9K |
|
|
LGF.B
1724
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $2.38M | ﹤0.01% |
273,355
+9,179
| +3% | +$73.3K |
|
1725
Nelnet
NNI
$4.55B
| $2.38M | ﹤0.01% |
39,434
-669
| -2% | -$40.9K |
|
Similar funds
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.