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 | |
|---|---|---|---|---|---|---|
1901
BancFirst
BANF
$3.89B
| $1.73M | ﹤0.01% |
42,447
+1,000
| +2% | +$42.2K |
|
|
RAVN
1902
DELISTED
Raven Industries Inc
RAVN
| $1.73M | ﹤0.01% |
80,525
+1,800
| +2% | +$41.5K |
|
1903
Columbus McKinnon
CMCO
$554M
| $1.73M | ﹤0.01% |
52,323
+912
| +2% | +$31.6K |
|
1904
SiTime
SITM
$21.4B
| $1.73M | ﹤0.01% |
20,617
+9,466
| +85% | +$590K |
|
|
ATCO
1905
DELISTED
Atlas Corp.
ATCO
| $1.73M | ﹤0.01% |
193,619
+9,155
| +5% | +$74.3K |
|
1906
Vericel Corp
VCEL
$2.26B
| $1.73M | ﹤0.01% |
93,300
+2,300
| +3% | +$38.1K |
|
1907
Granite Construction
GVA
$5.56B
| $1.73M | ﹤0.01% |
98,000
+3,200
| +3% | +$58.5K |
|
1908
CorVel
CRVL
$3.32B
| $1.72M | ﹤0.01% |
60,288
+222
| +0.4% | +$5.96K |
|
1909
QuinStreet
QNST
$1.18B
| $1.72M | ﹤0.01% |
108,422
+3,700
| +4% | +$48.1K |
|
1910
Criteo S.A. Ordinary Shares
CRTO
$947M
| $1.72M | ﹤0.01% |
140,674
+4,496
| +3% | +$58K |
|
1911
Parsons
PSN
$5.11B
| $1.71M | ﹤0.01% |
51,055
+1,200
| +2% | +$41.5K |
|
|
LADR
1912
Ladder Capital
LADR
$1.27B
| $1.71M | ﹤0.01% |
239,875
+5,600
| +2% | +$42.1K |
|
1913
BGC Group
BGC
$5.3B
| $1.7M | ﹤0.01% |
708,929
+19,900
| +3% | +$52K |
|
1914
nLIGHT
LASR
$3.02B
| $1.7M | ﹤0.01% |
72,400
+2,600
| +4% | +$59.8K |
|
|
MIK
1915
DELISTED
Michaels Stores, Inc
MIK
| $1.7M | ﹤0.01% |
175,832
+6,479
| +4% | +$56.2K |
|
1916
Axcelis
ACLS
$4.32B
| $1.7M | ﹤0.01% |
77,061
+2,900
| +4% | +$73.9K |
|
1917
Standex International
SXI
$4.01B
| $1.69M | ﹤0.01% |
28,518
+770
| +3% | +$44.3K |
|
1918
Shift4
FOUR
$3.59B
| $1.68M | ﹤0.01% |
+34,758
| New | +$1.54M |
|
|
CATM
1919
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $1.68M | ﹤0.01% |
84,909
+2,902
| +4% | +$63.3K |
|
1920
Boot Barn
BOOT
$4.94B
| $1.68M | ﹤0.01% |
59,700
-5,086
| -8% | -$123K |
|
|
FSR
1921
DELISTED
Fisker Inc.
FSR
| $1.67M | ﹤0.01% |
115,700
+2,900
| +3% | +$39.6K |
|
|
WBT
1922
DELISTED
Welbilt, Inc.
WBT
| $1.67M | ﹤0.01% |
270,700
+6,800
| +3% | +$45.8K |
|
1923
Tronox
TROX
$957M
| $1.67M | ﹤0.01% |
211,813
+7,779
| +4% | +$64.9K |
|
|
UHT
1924
Universal Health Realty Income Trust
UHT
$574M
| $1.67M | ﹤0.01% |
29,255
+392
| +1% | +$26.5K |
|
|
SG
1925
DELISTED
Sirius International Insurance Group, Ltd. Common Share
SG
| $1.66M | ﹤0.01% |
143,957
+31,768
| +28% | +$315K |
|
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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.