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 | |
|---|---|---|---|---|---|---|
|
HOLI
1976
DELISTED
Hollsys Automation Technologies INTERNATIONAL, LTD. COMMON (British Virgin Island)
HOLI
| $1.54M | ﹤0.01% |
139,807
+6,996
| +5% | +$82.9K |
|
1977
Amphastar Pharmaceuticals
AMPH
$892M
| $1.54M | ﹤0.01% |
82,336
+3,900
| +5% | +$78.5K |
|
1978
St. Joe Company
JOE
$3.9B
| $1.54M | ﹤0.01% |
74,756
+2,000
| +3% | +$41.9K |
|
1979
Theravance Biopharma
TBPH
$880M
| $1.54M | ﹤0.01% |
104,209
+1,146
| +1% | +$21.5K |
|
|
ECHO
1980
DELISTED
Echo Global Logistics, Inc.
ECHO
| $1.54M | ﹤0.01% |
59,768
+2,072
| +4% | +$53.2K |
|
1981
Core Laboratories
CLB
$575M
| $1.54M | ﹤0.01% |
100,872
+2,700
| +3% | +$56.6K |
|
|
EVRI
1982
DELISTED
Everi Holdings
EVRI
| $1.54M | ﹤0.01% |
186,270
+6,100
| +3% | +$42.3K |
|
1983
Oxford Industries
OXM
$544M
| $1.54M | ﹤0.01% |
38,054
+1,132
| +3% | +$51K |
|
|
DCH
1984
Dauch Corp
DCH
$1.61B
| $1.53M | ﹤0.01% |
265,312
+9,098
| +4% | +$65.1K |
|
1985
DLH Holdings
DLHC
$68.3M
| $1.53M | ﹤0.01% |
210,554
| – | – |
|
1986
Skillsoft
SKIL
$74.7M
| $1.53M | ﹤0.01% |
7,230
+1,440
| +25% | +$311K |
|
|
HIBB
1987
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $1.52M | ﹤0.01% |
38,882
+1,110
| +3% | +$32.2K |
|
1988
Dave & Buster's
PLAY
$355M
| $1.51M | ﹤0.01% |
99,843
-2,906
| -3% | -$42.9K |
|
1989
Rhythm Pharmaceuticals
RYTM
$7.97B
| $1.51M | ﹤0.01% |
69,800
+1,800
| +3% | +$41.3K |
|
|
SHYF
1990
DELISTED
The Shyft Group
SHYF
| $1.51M | ﹤0.01% |
80,096
+2,600
| +3% | +$48.5K |
|
1991
German American Bancorp
GABC
$1.93B
| $1.51M | ﹤0.01% |
55,683
+1,300
| +2% | +$37.4K |
|
1992
John B. Sanfilippo & Son
JBSS
$1.01B
| $1.5M | ﹤0.01% |
19,958
+500
| +3% | +$41.7K |
|
1993
Interparfums
IPAR
$3.7B
| $1.5M | ﹤0.01% |
40,234
+900
| +2% | +$38.7K |
|
1994
NRC Health Common Stock
NRC
$463M
| $1.5M | ﹤0.01% |
30,543
+11
| +0% | +$609 |
|
1995
Wabash National
WNC
$510M
| $1.5M | ﹤0.01% |
125,585
+5,055
| +4% | +$59.4K |
|
1996
Heritage Financial
HFWA
$1.22B
| $1.5M | ﹤0.01% |
81,579
+1,900
| +2% | +$37.2K |
|
1997
Unisys
UIS
$209M
| $1.5M | ﹤0.01% |
140,367
+3,500
| +3% | +$40.2K |
|
|
NP
1998
DELISTED
Neenah, Inc. Common Stock
NP
| $1.49M | ﹤0.01% |
39,855
+2,790
| +8% | +$125K |
|
1999
Clearwater Paper
CLW
$349M
| $1.49M | ﹤0.01% |
39,316
+1,837
| +5% | +$65.9K |
|
2000
Photronics
PLAB
$1.95B
| $1.49M | ﹤0.01% |
149,177
+2,997
| +2% | +$32.4K |
|
Similar funds
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.