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 | |
|---|---|---|---|---|---|---|
1976
Tilray
TLRY
$618M
| $1.46M | ﹤0.01% |
20,470
+16,050
| +363% | +$1.29M |
|
|
HA
1977
DELISTED
Hawaiian Holdings, Inc.
HA
| $1.46M | ﹤0.01% |
103,618
+700
| +0.7% | +$9.53K |
|
1978
Scorpio Tankers
STNG
$3.98B
| $1.45M | ﹤0.01% |
113,157
+13,866
| +14% | +$251K |
|
1979
Inogen
INGN
$153M
| $1.45M | ﹤0.01% |
40,806
+78
| +0.2% | +$3.29K |
|
1980
Patterson-UTI
PTEN
$4.33B
| $1.45M | ﹤0.01% |
417,446
-12,006
| -3% | -$41.4K |
|
1981
Veeco
VECO
$3.16B
| $1.45M | ﹤0.01% |
107,427
-72,507
| -40% | -$833K |
|
1982
ACM Research
ACMR
$5.49B
| $1.45M | ﹤0.01% |
69,657
+42,255
| +154% | +$693K |
|
1983
Abercrombie & Fitch
ANF
$4.82B
| $1.45M | ﹤0.01% |
136,124
-3,500
| -3% | -$38.2K |
|
1984
SLR Investment Corp
SLRC
$706M
| $1.45M | ﹤0.01% |
90,424
+416
| +0.5% | +$6.33K |
|
|
PFC
1985
DELISTED
Premier Financial Corp. Common Stock
PFC
| $1.45M | ﹤0.01% |
81,774
-313
| -0.4% | -$5.06K |
|
1986
Ingles Markets
IMKTA
$1.66B
| $1.44M | ﹤0.01% |
33,430
+900
| +3% | +$36.5K |
|
1987
Sportsman's Warehouse
SPWH
$46.8M
| $1.44M | ﹤0.01% |
100,908
+58,880
| +140% | +$554K |
|
|
OSG
1988
Octave Specialty Group
OSG
$214M
| $1.44M | ﹤0.01% |
100,375
-1,795
| -2% | -$26.2K |
|
|
TPIC
1989
DELISTED
TPI Composites
TPIC
| $1.44M | ﹤0.01% |
61,400
+2,500
| +4% | +$46.9K |
|
1990
Relmada Therapeutics
RLMD
$510M
| $1.43M | ﹤0.01% |
+31,904
| New | +$1.35M |
|
|
TVRD
1991
Tvardi Therapeutics
TVRD
$23.4M
| $1.42M | ﹤0.01% |
2,314
-149
| -6% | -$82.3K |
|
1992
CorVel
CRVL
$3.31B
| $1.42M | ﹤0.01% |
60,066
+978
| +2% | +$19.3K |
|
|
PAE
1993
DELISTED
PAE Incorporated Class A Common Stock
PAE
| $1.42M | ﹤0.01% |
148,469
+69,169
| +87% | +$616K |
|
1994
Alaunos Therapeutics
TCRT
$4.81M
| $1.42M | ﹤0.01% |
2,876
+451
| +19% | +$201K |
|
1995
St. Joe Company
JOE
$3.88B
| $1.41M | ﹤0.01% |
72,756
+19,400
| +36% | +$357K |
|
1996
CTS Corp
CTS
$1.79B
| $1.41M | ﹤0.01% |
70,412
-1,871
| -3% | -$40.1K |
|
1997
Antero Resources
AR
$11.5B
| $1.41M | ﹤0.01% |
553,391
-4,227
| -0.8% | -$11.1K |
|
1998
Pathward Financial
CASH
$1.79B
| $1.4M | ﹤0.01% |
77,251
+416
| +0.5% | +$7.29K |
|
1999
York Water
YORW
$536M
| $1.4M | ﹤0.01% |
29,252
+7,992
| +38% | +$347K |
|
|
ATCO
2000
DELISTED
Atlas Corp.
ATCO
| $1.4M | ﹤0.01% |
184,464
-68,407
| -27% | -$498K |
|
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.