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 | |
|---|---|---|---|---|---|---|
2251
BrightView Holdings
BV
$1.09B
| $1.05M | ﹤0.01% |
92,581
+23,715
| +34% | +$285K |
|
|
EGRX
2252
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $1.05M | ﹤0.01% |
24,834
-58
| -0.2% | -$2.54K |
|
2253
Tilray
TLRY
$625M
| $1.05M | ﹤0.01% |
21,670
+1,200
| +6% | +$80.2K |
|
2254
PC Connection
CNXN
$2.04B
| $1.05M | ﹤0.01% |
25,512
+1,157
| +5% | +$50.7K |
|
2255
Adecoagro
AGRO
$1.31B
| $1.04M | ﹤0.01% |
223,636
+8,115
| +4% | +$38.2K |
|
|
ABTX
2256
DELISTED
Allegiance Bancshares
ABTX
| $1.04M | ﹤0.01% |
44,685
+2,787
| +7% | +$68.1K |
|
2257
Ocular Therapeutix
OCUL
$2.15B
| $1.04M | ﹤0.01% |
136,888
+23,415
| +21% | +$194K |
|
|
DVAX
2258
DELISTED
Dynavax Technologies
DVAX
| $1.04M | ﹤0.01% |
240,442
+55,324
| +30% | +$395K |
|
2259
InMode
INMD
$874M
| $1.04M | ﹤0.01% |
57,384
+5,990
| +12% | +$98.2K |
|
|
AVTA
2260
DELISTED
Avantax, Inc. Common Stock
AVTA
| $1.04M | ﹤0.01% |
110,012
+3,200
| +3% | +$35.4K |
|
|
LEAF
2261
DELISTED
Leaf Group Ltd.
LEAF
| $1.04M | ﹤0.01% |
206,292
| – | – |
|
|
SRG
2262
Seritage Growth Properties
SRG
$128M
| $1.03M | ﹤0.01% |
76,980
+1,800
| +2% | +$22K |
|
2263
Bain Capital Specialty
BCSF
$809M
| $1.03M | ﹤0.01% |
101,329
+2,400
| +2% | +$25.1K |
|
2264
XPEL
XPEL
$1.39B
| $1.03M | ﹤0.01% |
39,517
+2,411
| +6% | +$51.9K |
|
|
COWN
2265
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $1.03M | ﹤0.01% |
63,084
+3,908
| +7% | +$66.5K |
|
|
ISEE
2266
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $1.02M | ﹤0.01% |
181,809
+81,906
| +82% | +$391K |
|
2267
Omega Flex
OFLX
$290M
| $1.02M | ﹤0.01% |
6,535
+100
| +2% | +$12.5K |
|
2268
Camden National
CAC
$1,000M
| $1.02M | ﹤0.01% |
33,836
+1,100
| +3% | +$35.6K |
|
2269
ChargePoint
CHPT
$163M
| $1.02M | ﹤0.01% |
3,278
+2,140
| +188% | +$466K |
|
2270
Banc of California
BANC
$3.15B
| $1.02M | ﹤0.01% |
101,036
+2,300
| +2% | +$24.9K |
|
2271
Horizon Bancorp
HBNC
$1.06B
| $1.02M | ﹤0.01% |
100,973
+6,400
| +7% | +$66.4K |
|
2272
Annexon
ANNX
$859M
| $1.02M | ﹤0.01% |
+33,685
| New | +$790K |
|
2273
Immatics
IMTX
$1.3B
| $1.02M | ﹤0.01% |
95,900
+83,700
| +686% | +$882K |
|
|
WIFI
2274
DELISTED
Boingo Wireless, Inc.
WIFI
| $1.01M | ﹤0.01% |
99,531
+2,800
| +3% | +$36.3K |
|
2275
Digi International
DGII
$3.21B
| $1.01M | ﹤0.01% |
64,875
+1,700
| +3% | +$22.3K |
|
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.