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 | |
|---|---|---|---|---|---|---|
2201
Surgery Partners
SGRY
$2B
| $1.12M | ﹤0.01% |
51,193
+1,036
| +2% | +$18.4K |
|
|
BMTC
2202
DELISTED
Bryn Mawr Bank Corp
BMTC
| $1.12M | ﹤0.01% |
45,036
+1,400
| +3% | +$37.4K |
|
2203
Adtran
ADTN
$671M
| $1.12M | ﹤0.01% |
109,009
+3,400
| +3% | +$38.5K |
|
2204
Weis Markets
WMK
$1.75B
| $1.12M | ﹤0.01% |
23,248
+761
| +3% | +$37.5K |
|
2205
Alaunos Therapeutics
TCRT
$4.81M
| $1.11M | ﹤0.01% |
2,950
+74
| +3% | +$32.7K |
|
2206
Transocean
RIG
$6.51B
| $1.11M | ﹤0.01% |
1,380,207
+87,203
| +7% | +$143K |
|
2207
Vertex
VERX
$2.09B
| $1.11M | ﹤0.01% |
+48,412
| New | +$1.18M |
|
2208
GrafTech
EAF
$201M
| $1.11M | ﹤0.01% |
16,251
+680
| +4% | +$47.4K |
|
|
OTRK
2209
DELISTED
Ontrak
OTRK
| $1.11M | ﹤0.01% |
+206
| New | +$954K |
|
|
TARO
2210
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $1.11M | ﹤0.01% |
20,174
+600
| +3% | +$37.3K |
|
|
XENT
2211
DELISTED
Intersect ENT, Inc
XENT
| $1.11M | ﹤0.01% |
67,900
+2,100
| +3% | +$38K |
|
|
EBSB
2212
DELISTED
Meridian Bancorp, Inc.
EBSB
| $1.11M | ﹤0.01% |
106,877
+3,300
| +3% | +$37.4K |
|
|
FFG
2213
DELISTED
FBL Financial Group
FFG
| $1.1M | ﹤0.01% |
22,920
+826
| +4% | +$32.9K |
|
2214
Alector
ALEC
$230M
| $1.1M | ﹤0.01% |
104,836
+1,564
| +2% | +$25.3K |
|
2215
Korro Bio
KRRO
$190M
| $1.1M | ﹤0.01% |
1,147
+36
| +3% | +$38.6K |
|
2216
Brookdale Senior Living
BKD
$3.04B
| $1.1M | ﹤0.01% |
433,309
+27,547
| +7% | +$75.9K |
|
|
QADA
2217
DELISTED
QAD Inc.
QADA
| $1.1M | ﹤0.01% |
26,058
+357
| +1% | +$15K |
|
2218
SelectQuote
SLQT
$128M
| $1.1M | ﹤0.01% |
+54,215
| New | +$1.13M |
|
2219
Varex Imaging
VREX
$779M
| $1.1M | ﹤0.01% |
86,166
+3,200
| +4% | +$43.8K |
|
2220
BRC Group Holdings
RILY
$300M
| $1.09M | ﹤0.01% |
43,650
+800
| +2% | +$20.1K |
|
|
CLVS
2221
DELISTED
Clovis Oncology, Inc.
CLVS
| $1.09M | ﹤0.01% |
187,683
+41,383
| +28% | +$248K |
|
|
BPMP
2222
DELISTED
BP Midstream Partners LP Common Units representing Limited Partner Interests
BPMP
| $1.09M | ﹤0.01% |
110,152
+3,600
| +3% | +$39.4K |
|
|
USCR
2223
DELISTED
U S Concrete, Inc.
USCR
| $1.09M | ﹤0.01% |
37,611
+1,185
| +3% | +$32K |
|
2224
Stoneridge
SRI
$203M
| $1.09M | ﹤0.01% |
59,335
+1,900
| +3% | +$38.8K |
|
2225
Replimune Group
REPL
$1.43B
| $1.09M | ﹤0.01% |
47,201
+8,056
| +21% | +$184K |
|
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.