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 |
Merck
MRK
|
+$261M |
| 2 |
Becton Dickinson
BDX
|
+$198M |
| 3 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$186M |
| 4 |
Apple
AAPL
|
+$171M |
| 5 |
Johnson & Johnson
JNJ
|
+$152M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Aflac
AFL
|
+$125M |
| 2 |
ONC
BeOne Medicines Ltd
ONC
|
+$68.8M |
| 3 |
UDR
UDR
|
+$61.6M |
| 4 |
IMMU
Immunomedics Inc
IMMU
|
+$40.1M |
| 5 |
NextEra Energy
NEE
|
+$38M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.46% |
| 2 | Healthcare | 14.48% |
| 3 | Financials | 12.59% |
| 4 | Consumer Discretionary | 12.05% |
| 5 | Communication Services | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ECOL
1851
DELISTED
US Ecology, Inc.
ECOL
| $2.55M | ﹤0.01% |
70,087
+4,587
| +7% | +$159K |
|
1852
GameStop
GME
$8.37B
| $2.54M | ﹤0.01% |
539,652
-5,776
| -1% | -$19.9K |
|
1853
nLIGHT
LASR
$3.03B
| $2.53M | ﹤0.01% |
77,513
+5,113
| +7% | +$145K |
|
1854
Cerus
CERS
$601M
| $2.52M | ﹤0.01% |
364,642
-7,000
| -2% | -$45.9K |
|
|
EVRI
1855
DELISTED
Everi Holdings
EVRI
| $2.51M | ﹤0.01% |
182,007
-4,263
| -2% | -$46.3K |
|
1856
Progyny
PGNY
$2.02B
| $2.51M | ﹤0.01% |
59,287
-1,100
| -2% | -$35.8K |
|
1857
ArcBest
ARCB
$3.19B
| $2.51M | ﹤0.01% |
58,758
-691
| -1% | -$26.2K |
|
|
HSKA
1858
DELISTED
Heska Corp
HSKA
| $2.5M | ﹤0.01% |
17,176
-400
| -2% | -$49.8K |
|
|
MTSC
1859
DELISTED
MTS Systems Corp
MTSC
| $2.5M | ﹤0.01% |
43,000
-596
| -1% | -$21.5K |
|
1860
CNA Financial
CNA
$13.8B
| $2.5M | ﹤0.01% |
64,032
-1,200
| -2% | -$40.8K |
|
|
CVAC
1861
DELISTED
CureVac
CVAC
| $2.49M | ﹤0.01% |
30,758
-600
| -2% | -$45.9K |
|
1862
Pitney Bowes
PBI
$2.25B
| $2.49M | ﹤0.01% |
404,572
-4,505
| -1% | -$27.1K |
|
1863
MP Materials
MP
$10.5B
| $2.49M | ﹤0.01% |
77,318
-1,500
| -2% | -$29K |
|
1864
American Well
AMWL
$212M
| $2.48M | ﹤0.01% |
+4,899
| New | +$2.84M |
|
1865
The RealReal
REAL
$1.39B
| $2.48M | ﹤0.01% |
126,800
-2,700
| -2% | -$41.6K |
|
|
IMGN
1866
DELISTED
Immunogen Inc
IMGN
| $2.48M | ﹤0.01% |
383,709
-5,012
| -1% | -$29.2K |
|
1867
Scholar Rock
SRRK
$6.4B
| $2.47M | ﹤0.01% |
50,906
-487
| -0.9% | -$17.7K |
|
1868
G-III Apparel Group
GIII
$1.43B
| $2.46M | ﹤0.01% |
103,623
-1,166
| -1% | -$21.6K |
|
|
EVOP
1869
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $2.46M | ﹤0.01% |
91,095
-1,700
| -2% | -$42.7K |
|
1870
AMERISAFE
AMSF
$513M
| $2.45M | ﹤0.01% |
42,646
-800
| -2% | -$46.3K |
|
1871
Triumph Financial Inc
TFIN
$1.87B
| $2.44M | ﹤0.01% |
50,332
-1,000
| -2% | -$45K |
|
1872
Newmark Group
NMRK
$2.76B
| $2.44M | ﹤0.01% |
335,110
-3,146
| -0.9% | -$19.4K |
|
1873
CTS Corp
CTS
$1.81B
| $2.44M | ﹤0.01% |
71,012
-1,400
| -2% | -$41.4K |
|
1874
Upland Software
UPLD
$15.7M
| $2.43M | ﹤0.01% |
5,300
-110
| -2% | -$48.4K |
|
|
VRE
1875
DELISTED
Veris Residential
VRE
| $2.43M | ﹤0.01% |
195,162
-3,700
| -2% | -$47.2K |
|
Similar funds
California Public Employees Retirement System's Q4 2020 Portfolio in Review
As of Q4 2020, California Public Employees Retirement System held 3,678 positions worth $130B, up 15% from $112B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
California Public Employees Retirement System's Q4 2020 filing shows 119 new, 1,416 increased, 1,670 reduced and 115 closed positions. Its largest new stake was Seagen Inc. Common Stock: 998,612 shares worth $175M. The largest sale was Aflac, an estimated $125M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 22% a quarter earlier, followed by Healthcare and Financials.
- California Public Employees Retirement System's largest Q4 2020 buy was Seagen Inc. Common Stock: 998,612 shares worth $175M.
- California Public Employees Retirement System added most to Merck in Q4 2020, an estimated $261M increase.
- California Public Employees Retirement System's biggest Q4 2020 reduction was Aflac, cutting an estimated $125M.
- California Public Employees Retirement System fully exited BeOne Medicines Ltd in Q4 2020, selling an estimated $68.8M.
- California Public Employees Retirement System's ten largest holdings make up 18% of its $130B portfolio in Q4 2020.
- California Public Employees Retirement System opened 119 new positions and closed 115 in Q4 2020.
- California Public Employees Retirement System's portfolio value rose 15% quarter-over-quarter to $130B.
Based on California Public Employees Retirement System's 13F filing for Q4 2020, filed 2 Feb 2021.