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 | 20.95% |
| 2 | Healthcare | 14.53% |
| 3 | Financials | 12.82% |
| 4 | Consumer Discretionary | 10.64% |
| 5 | Consumer Staples | 8.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2301
Hawkins
HWKN
$2.67B
| $911K | ﹤0.01% |
42,772
-1,174
| -3% | -$22.3K |
|
2302
Dorchester Minerals
DMLP
$1.35B
| $908K | ﹤0.01% |
71,041
+4,101
| +6% | +$46.6K |
|
|
MSGN
2303
DELISTED
MSG Networks Inc.
MSGN
| $907K | ﹤0.01% |
91,130
-6,164
| -6% | -$70.4K |
|
2304
Comtech Telecommunications
CMTL
$52.1M
| $904K | ﹤0.01% |
53,544
+800
| +2% | +$13.5K |
|
2305
Bally's
BALY
$671M
| $903K | ﹤0.01% |
40,509
+11,448
| +39% | +$202K |
|
|
MRUS
2306
DELISTED
Merus
MRUS
| $903K | ﹤0.01% |
56,095
+44,654
| +390% | +$646K |
|
|
SBR
2307
Sabine Royalty Trust
SBR
$1.06B
| $903K | ﹤0.01% |
32,575
-200
| -0.6% | -$5.48K |
|
|
USCR
2308
DELISTED
U S Concrete, Inc.
USCR
| $903K | ﹤0.01% |
36,426
+135
| +0.4% | +$2.71K |
|
2309
Live Oak Bancshares
LOB
$1.98B
| $902K | ﹤0.01% |
62,191
+27,187
| +78% | +$369K |
|
|
AGNT
2310
AGNT Inc
AGNT
$715M
| $897K | ﹤0.01% |
105,274
+73,200
| +228% | +$375K |
|
|
GPMT
2311
Granite Point Mortgage Trust
GPMT
$58.8M
| $894K | ﹤0.01% |
124,545
+3,803
| +3% | +$20.6K |
|
2312
Bank First Corp
BFC
$1.74B
| $893K | ﹤0.01% |
13,938
+6,994
| +101% | +$401K |
|
|
XENT
2313
DELISTED
Intersect ENT, Inc
XENT
| $891K | ﹤0.01% |
65,800
+3,200
| +5% | +$37.2K |
|
2314
Luxfer Holdings
LXFR
$457M
| $888K | ﹤0.01% |
62,724
+23,900
| +62% | +$330K |
|
|
BDSI
2315
DELISTED
BioDelivery Sciences International, Inc.
BDSI
| $888K | ﹤0.01% |
203,601
+12,968
| +7% | +$58.3K |
|
2316
Cars.com
CARS
$648M
| $886K | ﹤0.01% |
153,868
+4,103
| +3% | +$22.7K |
|
2317
Koppers
KOP
$857M
| $886K | ﹤0.01% |
47,017
+4,361
| +10% | +$66.2K |
|
|
LGF.A
2318
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $886K | ﹤0.01% |
119,610
+5,869
| +5% | +$43.5K |
|
2319
DMC Global
BOOM
$155M
| $885K | ﹤0.01% |
32,070
+697
| +2% | +$19.2K |
|
2320
Protagonist Therapeutics
PTGX
$9.8B
| $883K | ﹤0.01% |
+50,000
| New | +$627K |
|
2321
Syndax Pharmaceuticals
SNDX
$1.77B
| $883K | ﹤0.01% |
59,591
+45,191
| +314% | +$688K |
|
|
TEN
2322
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $879K | ﹤0.01% |
116,321
+3,526
| +3% | +$20.6K |
|
2323
Barrett Business Services
BBSI
$756M
| $878K | ﹤0.01% |
66,088
+956
| +1% | +$11K |
|
|
NEX
2324
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $877K | ﹤0.01% |
358,056
+2,651
| +0.7% | +$6.48K |
|
2325
American Vanguard Corp
AVD
$64M
| $876K | ﹤0.01% |
63,666
-420
| -0.7% | -$5.64K |
|
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.