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 | |
|---|---|---|---|---|---|---|
|
TCDA
2226
DELISTED
Tricida, Inc. Common Stock
TCDA
| $1.02M | ﹤0.01% |
37,288
-11,253
| -23% | -$307K |
|
2227
Revolution Medicines
RVMD
$44B
| $1.02M | ﹤0.01% |
+32,445
| New | +$1.02M |
|
2228
UroGen Pharma
URGN
$2.34B
| $1.02M | ﹤0.01% |
39,200
-2,698
| -6% | -$65.9K |
|
2229
Liberty Latin America Class A
LILA
$1.69B
| $1.02M | ﹤0.01% |
164,236
+3,567
| +2% | +$23.4K |
|
2230
The RMR Group
RMR
$337M
| $1.02M | ﹤0.01% |
34,687
+335
| +1% | +$9.7K |
|
|
TGI
2231
DELISTED
Triumph Group
TGI
| $1.02M | ﹤0.01% |
113,448
+3,100
| +3% | +$22.9K |
|
|
CPE
2232
DELISTED
Callon Petroleum Company
CPE
| $1.02M | ﹤0.01% |
88,849
+1,846
| +2% | +$16.3K |
|
2233
Impinj
PI
$5.49B
| $1.02M | ﹤0.01% |
37,181
+800
| +2% | +$18.7K |
|
2234
i3 Verticals
IIIV
$323M
| $1.02M | ﹤0.01% |
33,576
+1,238
| +4% | +$31.4K |
|
2235
Horizon Bancorp
HBNC
$1.05B
| $1.01M | ﹤0.01% |
94,573
+11,574
| +14% | +$118K |
|
|
SYRS
2236
DELISTED
Syros Pharmaceuticals, Inc. Common Stock
SYRS
| $1.01M | ﹤0.01% |
9,469
+5,969
| +171% | +$536K |
|
|
RDUS
2237
DELISTED
Radius Recycling
RDUS
| $1M | ﹤0.01% |
56,936
-600
| -1% | -$9.27K |
|
|
HONE
2238
DELISTED
HarborOne Bancorp
HONE
| $1M | ﹤0.01% |
117,096
+91,557
| +358% | +$732K |
|
|
NPTN
2239
DELISTED
NEOPHOTONICS CORP
NPTN
| $1M | ﹤0.01% |
112,667
+25,176
| +29% | +$217K |
|
2240
Harmonic Inc
HLIT
$1.42B
| $998K | ﹤0.01% |
210,008
+58,143
| +38% | +$325K |
|
|
ATRS
2241
DELISTED
Antares Pharma, Inc.
ATRS
| $997K | ﹤0.01% |
362,471
+2,900
| +0.8% | +$8.09K |
|
2242
Enova International
ENVA
$6.52B
| $996K | ﹤0.01% |
66,970
-6,297
| -9% | -$87.5K |
|
|
FLXN
2243
DELISTED
Flexion Therapeutics, Inc.
FLXN
| $993K | ﹤0.01% |
75,542
+400
| +0.5% | +$4.15K |
|
2244
E.W. Scripps
SSP
$310M
| $992K | ﹤0.01% |
113,400
-8,223
| -7% | -$65.9K |
|
2245
Central Pacific Financial
CPF
$1B
| $988K | ﹤0.01% |
61,639
-1,298
| -2% | -$20.6K |
|
|
AMK
2246
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $988K | ﹤0.01% |
36,191
+18,688
| +107% | +$458K |
|
|
CLVS
2247
DELISTED
Clovis Oncology, Inc.
CLVS
| $988K | ﹤0.01% |
146,300
+43,700
| +43% | +$331K |
|
|
TSC
2248
DELISTED
TriState Capital Holdings, Inc.
TSC
| $988K | ﹤0.01% |
62,859
+19,948
| +46% | +$271K |
|
|
AD
2249
Array Digital Infrastructure
AD
$3.04B
| $985K | ﹤0.01% |
31,922
-2,221
| -7% | -$68.5K |
|
2250
Great Southern Bancorp
GSBC
$877M
| $983K | ﹤0.01% |
24,349
-300
| -1% | -$11.9K |
|
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.