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 | |
|---|---|---|---|---|---|---|
|
AERI
2351
DELISTED
Aerie Pharmaceuticals
AERI
| $906K | ﹤0.01% |
77,000
+2,800
| +4% | +$34.1K |
|
|
FSP
2352
Franklin Street Properties
FSP
$46.3M
| $904K | ﹤0.01% |
247,121
+10,367
| +4% | +$48.6K |
|
|
EIGI
2353
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $903K | ﹤0.01% |
157,324
+6,613
| +4% | +$37.1K |
|
2354
Great Southern Bancorp
GSBC
$877M
| $900K | ﹤0.01% |
24,849
+500
| +2% | +$18.9K |
|
|
ECOM
2355
DELISTED
CHANNELADVISOR CORPORATION
ECOM
| $900K | ﹤0.01% |
62,232
+2,100
| +3% | +$34.8K |
|
2356
Liberty Latin America Class A
LILA
$1.69B
| $899K | ﹤0.01% |
160,392
-3,844
| -2% | -$23.4K |
|
2357
Syndax Pharmaceuticals
SNDX
$1.77B
| $899K | ﹤0.01% |
60,891
+1,300
| +2% | +$19.8K |
|
|
MSGN
2358
DELISTED
MSG Networks Inc.
MSGN
| $899K | ﹤0.01% |
93,983
+2,853
| +3% | +$28.7K |
|
2359
Barrett Business Services
BBSI
$800M
| $898K | ﹤0.01% |
68,488
+2,400
| +4% | +$32.8K |
|
2360
Ecovyst
ECVT
$1.1B
| $898K | ﹤0.01% |
87,518
+2,800
| +3% | +$34.1K |
|
2361
Fulgent Genetics
FLGT
$515M
| $896K | ﹤0.01% |
22,373
+900
| +4% | +$28.2K |
|
2362
Beazer Homes USA
BZH
$874M
| $894K | ﹤0.01% |
67,691
+2,611
| +4% | +$30.5K |
|
2363
Forte Biosciences
FBRX
$1.57B
| $893K | ﹤0.01% |
+736
| New | +$488K |
|
|
WTRE
2364
DELISTED
Watford Holdings Ltd. Common Shares
WTRE
| $893K | ﹤0.01% |
38,929
+1,200
| +3% | +$21.9K |
|
2365
Sterling Infrastructure
STRL
$16.9B
| $890K | ﹤0.01% |
62,876
+1,245
| +2% | +$15.6K |
|
|
CDMO
2366
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $889K | ﹤0.01% |
116,700
-8,161
| -7% | -$61.8K |
|
2367
A10 Networks
ATEN
$1.96B
| $885K | ﹤0.01% |
138,936
+2,400
| +2% | +$18.4K |
|
2368
Freedom Holding
FRHC
$9.65B
| $884K | ﹤0.01% |
36,892
+2,153
| +6% | +$46.5K |
|
|
TRVN
2369
DELISTED
Trevena, Inc.
TRVN
| $883K | ﹤0.01% |
472
+272
| +136% | +$358K |
|
2370
Nurix Therapeutics
NRIX
$2.76B
| $879K | ﹤0.01% |
+25,175
| New | +$634K |
|
2371
Tredegar Corp
TG
$281M
| $877K | ﹤0.01% |
58,992
-616
| -1% | -$10.1K |
|
2372
Axogen
AXGN
$2.58B
| $876K | ﹤0.01% |
75,300
+1,700
| +2% | +$19.7K |
|
|
JCAP
2373
DELISTED
Jernigan Capital, Inc.
JCAP
| $876K | ﹤0.01% |
51,080
+1,982
| +4% | +$31.7K |
|
2374
Green Brick Partners
GRBK
$3.02B
| $872K | ﹤0.01% |
54,160
+1,500
| +3% | +$22.1K |
|
|
HTBK
2375
DELISTED
Heritage Commerce
HTBK
| $872K | ﹤0.01% |
130,978
+2,600
| +2% | +$17.9K |
|
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.