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 | |
|---|---|---|---|---|---|---|
|
PENG
2326
Penguin Solutions Inc
PENG
$3.12B
| $876K | ﹤0.01% |
64,434
+2,998
| +5% | +$38.2K |
|
|
RST
2327
DELISTED
ROSETTA STONE INC
RST
| $874K | ﹤0.01% |
51,847
+7,243
| +16% | +$122K |
|
|
LAZR
2328
DELISTED
Luminar Technologies
LAZR
| $873K | ﹤0.01% |
5,447
+3,520
| +183% | +$545K |
|
2329
Conduent
CNDT
$241M
| $872K | ﹤0.01% |
365,055
+12,255
| +3% | +$28.5K |
|
2330
Peoples Bancorp
PEBO
$1.48B
| $871K | ﹤0.01% |
40,914
-6
| -0% | -$131 |
|
|
DCOM
2331
DELISTED
Dime Community Bancshares
DCOM
| $867K | ﹤0.01% |
63,163
-5,715
| -8% | -$82.8K |
|
2332
First Community Bankshares
FCBC
$927M
| $863K | ﹤0.01% |
38,420
+8,313
| +28% | +$180K |
|
2333
REX American Resources
REX
$1.44B
| $863K | ﹤0.01% |
74,610
+600
| +0.8% | +$5.96K |
|
2334
BJ's Restaurants
BJRI
$1.48B
| $862K | ﹤0.01% |
41,158
-1,400
| -3% | -$27.7K |
|
2335
KALA BIO
KALA
$17.1M
| $861K | ﹤0.01% |
+33
| New | +$935K |
|
2336
Spyre Therapeutics
SYRE
$8.98B
| $860K | ﹤0.01% |
3,720
+2,080
| +127% | +$396K |
|
|
SPPI
2337
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $858K | ﹤0.01% |
253,920
+6,000
| +2% | +$17.5K |
|
|
SRG
2338
Seritage Growth Properties
SRG
$131M
| $857K | ﹤0.01% |
75,180
+100
| +0.1% | +$1.01K |
|
|
BFS
2339
Saul Centers
BFS
$850M
| $854K | ﹤0.01% |
26,469
-481
| -2% | -$15.3K |
|
2340
Mitek Systems
MITK
$838M
| $854K | ﹤0.01% |
88,881
+4,253
| +5% | +$38.3K |
|
2341
Castle Biosciences
CSTL
$960M
| $853K | ﹤0.01% |
+22,638
| New | +$773K |
|
|
LPRO
2342
DELISTED
Open Lending Corp
LPRO
| $853K | ﹤0.01% |
+56,500
| New | +$640K |
|
2343
Valhi
VHI
$463M
| $851K | ﹤0.01% |
81,206
-1
| -0% | -$11 |
|
|
PRSU
2344
Pursuit Attractions and Hospitality Inc
PRSU
$1.27B
| $849K | ﹤0.01% |
44,639
-444
| -1% | -$8.98K |
|
|
BSTC
2345
DELISTED
BioSpecifics Technologies Corp.
BSTC
| $849K | ﹤0.01% |
13,852
+292
| +2% | +$16.9K |
|
2346
Hyster-Yale Materials Handling
HY
$614M
| $845K | ﹤0.01% |
21,870
+2,400
| +12% | +$89.4K |
|
2347
First Mid Bancshares
FMBH
$1.38B
| $844K | ﹤0.01% |
32,189
+1,600
| +5% | +$40.1K |
|
2348
Arrow Financial
AROW
$723M
| $843K | ﹤0.01% |
31,918
-49
| -0.2% | -$1.2K |
|
2349
Dime Commercial Bancshares
DCOM
$1.81B
| $841K | ﹤0.01% |
36,814
+4,100
| +13% | +$84.2K |
|
|
EVA
2350
DELISTED
Enviva Inc.
EVA
| $840K | ﹤0.01% |
23,304
| – | – |
|
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.