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 | |
|---|---|---|---|---|---|---|
|
SHYF
1926
DELISTED
The Shyft Group
SHYF
| $2.23M | ﹤0.01% |
78,596
-1,500
| -2% | -$35.9K |
|
1927
Delek US
DK
$4.01B
| $2.23M | ﹤0.01% |
138,624
-2,700
| -2% | -$35.6K |
|
|
DCT
1928
DELISTED
Duck Creek Technologies, Inc. Common Stock
DCT
| $2.23M | ﹤0.01% |
51,444
+17,228
| +50% | +$730K |
|
1929
Rhythm Pharmaceuticals
RYTM
$7.95B
| $2.22M | ﹤0.01% |
74,721
+4,921
| +7% | +$125K |
|
1930
Kosmos Energy
KOS
$1.51B
| $2.22M | ﹤0.01% |
944,426
-10,594
| -1% | -$16.8K |
|
1931
Suburban Propane Partners
SPH
$1.18B
| $2.21M | ﹤0.01% |
148,799
-1,548
| -1% | -$24.9K |
|
1932
CEVA Inc
CEVA
$937M
| $2.21M | ﹤0.01% |
48,517
-1,609
| -3% | -$66K |
|
|
LMNX
1933
DELISTED
Luminex Corp
LMNX
| $2.21M | ﹤0.01% |
95,361
-3,036
| -3% | -$70.6K |
|
|
DHC
1934
Diversified Healthcare Trust
DHC
$2.03B
| $2.2M | ﹤0.01% |
534,704
-39,029
| -7% | -$154K |
|
1935
Stratasys
SSYS
$781M
| $2.2M | ﹤0.01% |
106,300
-2,200
| -2% | -$35.3K |
|
|
ECHO
1936
EchoStar
ECHO
$26.7B
| $2.19M | ﹤0.01% |
103,588
-6,182
| -6% | -$148K |
|
1937
Southside Bancshares
SBSI
$986M
| $2.19M | ﹤0.01% |
70,740
-1,300
| -2% | -$37.4K |
|
1938
MYR Group
MYRG
$5.21B
| $2.19M | ﹤0.01% |
36,480
-700
| -2% | -$34.8K |
|
|
DCH
1939
Dauch Corp
DCH
$1.6B
| $2.19M | ﹤0.01% |
262,504
-2,808
| -1% | -$21.1K |
|
|
NP
1940
DELISTED
Neenah, Inc. Common Stock
NP
| $2.18M | ﹤0.01% |
39,442
-413
| -1% | -$19K |
|
1941
Quanterix
QTRX
$122M
| $2.17M | ﹤0.01% |
46,755
+3,055
| +7% | +$133K |
|
|
PRA
1942
DELISTED
ProAssurance
PRA
| $2.17M | ﹤0.01% |
122,039
-2,300
| -2% | -$37.5K |
|
1943
BellRing Brands
BRBR
$1.25B
| $2.17M | ﹤0.01% |
89,246
-1,285
| -1% | -$28K |
|
1944
Employers Holdings
EIG
$875M
| $2.17M | ﹤0.01% |
67,301
+1,962
| +3% | +$63.3K |
|
1945
Wabash National
WNC
$512M
| $2.16M | ﹤0.01% |
125,457
-128
| -0.1% | -$2.07K |
|
|
POLY
1946
DELISTED
Plantronics, Inc.
POLY
| $2.16M | ﹤0.01% |
79,927
+2,386
| +3% | +$52.3K |
|
1947
StoneX
SNEX
$8.09B
| $2.16M | ﹤0.01% |
188,806
-1,159
| -0.6% | -$13.1K |
|
1948
Sonic Automotive
SAH
$2.56B
| $2.16M | ﹤0.01% |
55,928
-752
| -1% | -$30.6K |
|
|
CEQP
1949
DELISTED
Crestwood Equity Partners LP
CEQP
| $2.15M | ﹤0.01% |
113,511
-2,700
| -2% | -$44.2K |
|
1950
Standex International
SXI
$4.01B
| $2.15M | ﹤0.01% |
27,764
-754
| -3% | -$53.7K |
|
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.