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 | |
|---|---|---|---|---|---|---|
1801
AZZ Inc
AZZ
$4.52B
| $1.99M | ﹤0.01% |
58,090
-684
| -1% | -$20.9K |
|
1802
Employers Holdings
EIG
$873M
| $1.99M | ﹤0.01% |
65,939
-5,484
| -8% | -$169K |
|
1803
Pilgrim's Pride
PPC
$6.61B
| $1.99M | ﹤0.01% |
117,530
-4,196
| -3% | -$81.8K |
|
1804
Century Communities
CCS
$2.02B
| $1.98M | ﹤0.01% |
64,716
+3,034
| +5% | +$72.5K |
|
|
MYOV
1805
DELISTED
Myovant Sciences Ltd.
MYOV
| $1.98M | ﹤0.01% |
95,897
+8,957
| +10% | +$122K |
|
1806
Mesa Laboratories
MLAB
$603M
| $1.98M | ﹤0.01% |
9,110
+100
| +1% | +$23.1K |
|
|
RTL
1807
DELISTED
The Necessity Retail REIT, Inc. Class A Common Stock
RTL
| $1.98M | ﹤0.01% |
248,918
+11,126
| +5% | +$81.7K |
|
|
SWTX
1808
DELISTED
SpringWorks Therapeutics
SWTX
| $1.97M | ﹤0.01% |
46,905
+26,910
| +135% | +$958K |
|
|
CATM
1809
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $1.97M | ﹤0.01% |
82,007
-1,118
| -1% | -$25K |
|
|
ALEX
1810
DELISTED
Alexander & Baldwin
ALEX
| $1.96M | ﹤0.01% |
161,092
+8,492
| +6% | +$100K |
|
|
TSE
1811
DELISTED
Trinseo
TSE
| $1.96M | ﹤0.01% |
88,545
-1,405
| -2% | -$28.8K |
|
1812
Virtus Investment Partners
VRTS
$1.13B
| $1.95M | ﹤0.01% |
16,784
+2,081
| +14% | +$195K |
|
|
DCH
1813
Dauch Corp
DCH
$1.6B
| $1.95M | ﹤0.01% |
256,214
+6,851
| +3% | +$39.6K |
|
|
CHCT
1814
Community Healthcare Trust
CHCT
$433M
| $1.95M | ﹤0.01% |
47,579
+4,396
| +10% | +$164K |
|
|
NOAH
1815
Noah Holdings
NOAH
$590M
| $1.94M | ﹤0.01% |
76,288
+50,146
| +192% | +$1.29M |
|
1816
Standard Motor Products
SMP
$863M
| $1.94M | ﹤0.01% |
47,091
-815
| -2% | -$33K |
|
1817
Southside Bancshares
SBSI
$982M
| $1.94M | ﹤0.01% |
69,940
-1,363
| -2% | -$38.7K |
|
|
CSR
1818
Centerspace
CSR
$941M
| $1.94M | ﹤0.01% |
27,499
+1,040
| +4% | +$66.5K |
|
|
HOUS
1819
DELISTED
Anywhere Real Estate
HOUS
| $1.94M | ﹤0.01% |
261,313
+4,118
| +2% | +$21.3K |
|
|
EGIO
1820
DELISTED
Edgio, Inc. Common Stock
EGIO
| $1.94M | ﹤0.01% |
6,573
+201
| +3% | +$44.6K |
|
1821
Scholastic
SCHL
$784M
| $1.93M | ﹤0.01% |
64,336
-2,921
| -4% | -$84.1K |
|
1822
Archrock
AROC
$6.02B
| $1.92M | ﹤0.01% |
295,791
+9,236
| +3% | +$48.3K |
|
|
VIE
1823
DELISTED
Viela Bio, Inc. Common Stock
VIE
| $1.92M | ﹤0.01% |
+44,279
| New | +$2M |
|
1824
SFL Corp
SFL
$1.65B
| $1.92M | ﹤0.01% |
206,300
+25,385
| +14% | +$254K |
|
1825
Nelnet
NNI
$4.55B
| $1.92M | ﹤0.01% |
40,103
-700
| -2% | -$32.8K |
|
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.