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 | |
|---|---|---|---|---|---|---|
|
QUOT
2026
DELISTED
Quotient Technology Inc
QUOT
| $1.44M | ﹤0.01% |
194,933
+4,900
| +3% | +$39.7K |
|
|
CELL
2027
DELISTED
PhenomeX Inc. Common Stock
CELL
| $1.44M | ﹤0.01% |
+18,838
| New | +$1.2M |
|
2028
Sportsman's Warehouse
SPWH
$46.8M
| $1.44M | ﹤0.01% |
100,436
-472
| -0.5% | -$7.26K |
|
|
CNST
2029
DELISTED
Constellation Pharmaceuticals, Inc.
CNST
| $1.44M | ﹤0.01% |
70,911
+10,250
| +17% | +$250K |
|
|
HEES
2030
DELISTED
H&E Equipment Services
HEES
| $1.43M | ﹤0.01% |
72,887
-109
| -0.1% | -$2.13K |
|
2031
MakeMyTrip
MMYT
$5.68B
| $1.42M | ﹤0.01% |
92,700
+2,300
| +3% | +$36.6K |
|
2032
First Bancorp
FBNC
$2.73B
| $1.42M | ﹤0.01% |
67,863
+4,339
| +7% | +$93K |
|
|
ARR
2033
Armour Residential REIT
ARR
$2.38B
| $1.42M | ﹤0.01% |
29,799
+1,480
| +5% | +$70.6K |
|
2034
Artivion
AORT
$1.42B
| $1.41M | ﹤0.01% |
76,500
-4,798
| -6% | -$91.7K |
|
2035
Codexis
CDXS
$172M
| $1.41M | ﹤0.01% |
120,200
+3,100
| +3% | +$38.6K |
|
2036
Federal Agricultural Mortgage
AGM
$2.51B
| $1.41M | ﹤0.01% |
22,097
+999
| +5% | +$64.6K |
|
|
KNL
2037
DELISTED
Knoll, Inc.
KNL
| $1.41M | ﹤0.01% |
116,632
+3,200
| +3% | +$39.5K |
|
|
DENN
2038
DELISTED
Denny's
DENN
| $1.41M | ﹤0.01% |
140,614
+20,601
| +17% | +$206K |
|
|
SOHU
2039
Sohu.com
SOHU
$378M
| $1.41M | ﹤0.01% |
70,760
+2,800
| +4% | +$48.6K |
|
2040
PetMed Express
PETS
$40M
| $1.4M | ﹤0.01% |
44,312
+286
| +0.6% | +$9.47K |
|
2041
Argan
AGX
$8.09B
| $1.4M | ﹤0.01% |
33,371
+800
| +2% | +$35.2K |
|
|
SPTN
2042
DELISTED
SpartanNash
SPTN
| $1.4M | ﹤0.01% |
85,547
+3,382
| +4% | +$67.5K |
|
|
IMGN
2043
DELISTED
Immunogen Inc
IMGN
| $1.4M | ﹤0.01% |
388,721
+3,089
| +0.8% | +$12.5K |
|
2044
Tactile Systems Technology
TCMD
$546M
| $1.4M | ﹤0.01% |
38,200
+1,000
| +3% | +$36.6K |
|
2045
Castle Biosciences
CSTL
$916M
| $1.4M | ﹤0.01% |
27,151
+4,513
| +20% | +$201K |
|
|
MCHB
2046
Mechanics Bancorp
MCHB
$3.78B
| $1.4M | ﹤0.01% |
54,228
+1,963
| +4% | +$51.6K |
|
2047
Scholastic
SCHL
$785M
| $1.39M | ﹤0.01% |
66,336
+2,000
| +3% | +$49K |
|
2048
GameStop
GME
$8.39B
| $1.39M | ﹤0.01% |
545,428
+38,856
| +8% | +$56.2K |
|
2049
RE/MAX Holdings
RMAX
$275M
| $1.39M | ﹤0.01% |
42,356
+1,804
| +4% | +$60.6K |
|
2050
Zumiez
ZUMZ
$318M
| $1.38M | ﹤0.01% |
49,740
+2,085
| +4% | +$54.5K |
|
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.