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 | |
|---|---|---|---|---|---|---|
|
CHCT
1901
Community Healthcare Trust
CHCT
$432M
| $2.31M | ﹤0.01% |
49,091
-688
| -1% | -$32.7K |
|
1902
SiTime
SITM
$21.4B
| $2.31M | ﹤0.01% |
20,649
+32
| +0.2% | +$3.03K |
|
1903
PAR Technology
PAR
$788M
| $2.31M | ﹤0.01% |
36,795
+3,395
| +10% | +$167K |
|
|
CELL
1904
DELISTED
PhenomeX Inc. Common Stock
CELL
| $2.3M | ﹤0.01% |
25,774
+6,936
| +37% | +$583K |
|
1905
Clean Energy Fuels
CLNE
$403M
| $2.3M | ﹤0.01% |
293,018
-5,500
| -2% | -$21.5K |
|
1906
Simulations Plus
SLP
$371M
| $2.3M | ﹤0.01% |
32,028
-600
| -2% | -$39.8K |
|
1907
Orion
OEC
$364M
| $2.3M | ﹤0.01% |
134,130
-8,385
| -6% | -$128K |
|
|
TLND
1908
DELISTED
Talend S.A. American Depositary Shares
TLND
| $2.29M | ﹤0.01% |
59,800
-1,300
| -2% | -$51.2K |
|
|
LADR
1909
Ladder Capital
LADR
$1.27B
| $2.29M | ﹤0.01% |
234,324
-5,551
| -2% | -$47.1K |
|
|
GNMK
1910
DELISTED
GenMark Diagnostics, Inc
GNMK
| $2.29M | ﹤0.01% |
156,789
-3,000
| -2% | -$39.8K |
|
|
ENLC
1911
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
| $2.29M | ﹤0.01% |
616,479
-6,964
| -1% | -$22.8K |
|
1912
QuinStreet
QNST
$1.18B
| $2.28M | ﹤0.01% |
106,422
-2,000
| -2% | -$36.5K |
|
|
GES
1913
DELISTED
Guess Inc
GES
| $2.28M | ﹤0.01% |
100,647
-1,800
| -2% | -$28.4K |
|
|
ZGNX
1914
DELISTED
Zogenix, Inc.
ZGNX
| $2.27M | ﹤0.01% |
113,500
-2,400
| -2% | -$49.1K |
|
1915
First Bancorp
FBNC
$2.74B
| $2.27M | ﹤0.01% |
66,992
-871
| -1% | -$25.3K |
|
1916
Marten Transport
MRTN
$1.24B
| $2.26M | ﹤0.01% |
131,384
-2,500
| -2% | -$42.9K |
|
|
CD
1917
DELISTED
Chindata Group Holdings Limited American Depositary Shares
CD
| $2.26M | ﹤0.01% |
+94,406
| New | +$1.55M |
|
|
MIK
1918
DELISTED
Michaels Stores, Inc
MIK
| $2.26M | ﹤0.01% |
173,904
-1,928
| -1% | -$19.6K |
|
1919
New Mountain Finance
NMFC
$730M
| $2.26M | ﹤0.01% |
199,000
-3,800
| -2% | -$40.8K |
|
1920
Tompkins Financial
TMP
$1.46B
| $2.26M | ﹤0.01% |
32,028
-600
| -2% | -$38K |
|
1921
Patterson-UTI
PTEN
$4.34B
| $2.26M | ﹤0.01% |
429,034
-4,759
| -1% | -$18.7K |
|
|
NXGN
1922
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $2.26M | ﹤0.01% |
123,727
-2,970
| -2% | -$47.1K |
|
1923
National Beverage
FIZZ
$2.93B
| $2.25M | ﹤0.01% |
52,996
-1,000
| -2% | -$43K |
|
1924
Coherus Oncology
CHRS
$185M
| $2.24M | ﹤0.01% |
128,630
-2,500
| -2% | -$44.5K |
|
1925
Benchmark Electronics
BHE
$2.94B
| $2.23M | ﹤0.01% |
82,754
+233
| +0.3% | +$5.5K |
|
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.