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 | |
|---|---|---|---|---|---|---|
2126
MidCap Financial Investment
MFIC
$801M
| $1.24M | ﹤0.01% |
149,799
+8,207
| +6% | +$75.9K |
|
2127
Columbia Financial
CLBK
$1.22B
| $1.24M | ﹤0.01% |
111,364
+2,800
| +3% | +$33.1K |
|
2128
Patterson-UTI
PTEN
$4.33B
| $1.24M | ﹤0.01% |
433,793
+16,347
| +4% | +$60.1K |
|
|
AHRT
2129
AH Realty Trust
AHRT
$506M
| $1.23M | ﹤0.01% |
132,775
+8,754
| +7% | +$86.3K |
|
2130
Relmada Therapeutics
RLMD
$510M
| $1.23M | ﹤0.01% |
32,654
+750
| +2% | +$29K |
|
|
IGMS
2131
DELISTED
IGM Biosciences
IGMS
| $1.23M | ﹤0.01% |
16,590
+845
| +5% | +$50K |
|
|
SPPI
2132
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $1.22M | ﹤0.01% |
299,500
+45,580
| +18% | +$173K |
|
2133
Standard BioTools
LAB
$286M
| $1.22M | ﹤0.01% |
164,103
+7,896
| +5% | +$54.5K |
|
2134
LeMaitre Vascular
LMAT
$1.87B
| $1.22M | ﹤0.01% |
37,487
+900
| +2% | +$27K |
|
2135
Center Bancorp
CNOB
$1.79B
| $1.22M | ﹤0.01% |
86,490
+2,600
| +3% | +$37.8K |
|
|
QIWI
2136
DELISTED
QIWI PLC
QIWI
| $1.22M | ﹤0.01% |
70,172
+2,828
| +4% | +$51K |
|
|
ANAT
2137
DELISTED
American National Group, Inc. Common Stock
ANAT
| $1.21M | ﹤0.01% |
17,969
+784
| +5% | +$56.9K |
|
2138
Inogen
INGN
$153M
| $1.21M | ﹤0.01% |
41,806
+1,000
| +2% | +$31.4K |
|
|
BITA
2139
DELISTED
Bitauto Holdings Limited
BITA
| $1.21M | ﹤0.01% |
76,877
+2,754
| +4% | +$43.5K |
|
|
TRUE
2140
DELISTED
TrueCar
TRUE
| $1.21M | ﹤0.01% |
241,505
+8,805
| +4% | +$37.1K |
|
2141
Gogo Inc
GOGO
$378M
| $1.2M | ﹤0.01% |
130,309
+250
| +0.2% | +$1.37K |
|
|
ALX
2142
Alexander's
ALX
$1.39B
| $1.2M | ﹤0.01% |
4,901
+200
| +4% | +$50.7K |
|
2143
Arcos Dorados Holdings
ARCO
$1.66B
| $1.2M | ﹤0.01% |
297,406
+14,526
| +5% | +$65.2K |
|
2144
Harmonic Inc
HLIT
$1.51B
| $1.2M | ﹤0.01% |
215,008
+5,000
| +2% | +$28.3K |
|
2145
Phathom Pharmaceuticals
PHAT
$757M
| $1.2M | ﹤0.01% |
32,724
+800
| +3% | +$27.7K |
|
2146
Arcutis Biotherapeutics
ARQT
$3.26B
| $1.2M | ﹤0.01% |
40,881
+19,885
| +95% | +$531K |
|
|
SY
2147
So-Young International
SY
$222M
| $1.2M | ﹤0.01% |
95,812
+3,573
| +4% | +$46.4K |
|
2148
Green Plains
GPRE
$1.08B
| $1.19M | ﹤0.01% |
77,104
+7,904
| +11% | +$108K |
|
2149
Washington Trust Bancorp
WASH
$766M
| $1.19M | ﹤0.01% |
38,922
+602
| +2% | +$19.8K |
|
2150
Conduent
CNDT
$240M
| $1.19M | ﹤0.01% |
374,155
+9,100
| +2% | +$27K |
|
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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.