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 | |
|---|---|---|---|---|---|---|
2401
Precision BioSciences
DTIL
$201M
| $770K | ﹤0.01% |
3,080
+727
| +31% | +$159K |
|
|
DSPG
2402
DELISTED
DSP Group Inc
DSPG
| $767K | ﹤0.01% |
48,329
-700
| -1% | -$11.5K |
|
2403
Expro Ltd
XPRO
$2.1B
| $765K | ﹤0.01% |
57,140
+29,155
| +104% | +$393K |
|
2404
Liberty Energy
LBRT
$3.45B
| $763K | ﹤0.01% |
139,277
+20,917
| +18% | +$98.1K |
|
2405
Gladstone Investment Corp
GAIN
$658M
| $761K | ﹤0.01% |
74,300
-1,200
| -2% | -$12.3K |
|
2406
Beam Therapeutics
BEAM
$2.74B
| $760K | ﹤0.01% |
+27,149
| New | +$585K |
|
2407
Bar Harbor Bankshares
BHB
$681M
| $760K | ﹤0.01% |
33,922
| – | – |
|
|
BWIN
2408
Baldwin Insurance Group
BWIN
$2.99B
| $759K | ﹤0.01% |
43,970
-3,440
| -7% | -$41.5K |
|
2409
Peapack-Gladstone Financial
PGC
$822M
| $758K | ﹤0.01% |
40,492
-1,540
| -4% | -$27.3K |
|
2410
Amerant Bancorp
AMTB
$1.14B
| $757K | ﹤0.01% |
50,303
+27,593
| +122% | +$372K |
|
2411
Kopin
KOPN
$898M
| $757K | ﹤0.01% |
569,072
| – | – |
|
2412
Ooma
OOMA
$574M
| $757K | ﹤0.01% |
45,964
+16,764
| +57% | +$210K |
|
|
LEAF
2413
DELISTED
Leaf Group Ltd.
LEAF
| $757K | ﹤0.01% |
206,292
| – | – |
|
2414
Cytosorbents Corp
CTSO
$22.8M
| $756K | ﹤0.01% |
76,390
+32,290
| +73% | +$297K |
|
|
QTT
2415
DELISTED
Qutoutiao Inc. American Depositary Shares
QTT
| $756K | ﹤0.01% |
25,354
+1,876
| +8% | +$49.1K |
|
|
MNRL
2416
DELISTED
Brigham Minerals, Inc. Class A Common Stock
MNRL
| $756K | ﹤0.01% |
61,200
+27,400
| +81% | +$333K |
|
|
MTSC
2417
DELISTED
MTS Systems Corp
MTSC
| $756K | ﹤0.01% |
42,961
+2,238
| +5% | +$41.4K |
|
2418
Mercer International
MERC
$33.8M
| $754K | ﹤0.01% |
92,366
+20,703
| +29% | +$173K |
|
|
AFMD
2419
DELISTED
Affimed
AFMD
| $750K | ﹤0.01% |
16,246
+1,256
| +8% | +$35K |
|
2420
Heritage Insurance Holdings
HRTG
$989M
| $750K | ﹤0.01% |
57,297
+431
| +0.8% | +$5.04K |
|
2421
Waterstone Financial
WSBF
$385M
| $749K | ﹤0.01% |
50,500
-1,600
| -3% | -$22.7K |
|
|
SCPL
2422
DELISTED
SciPlay Corporation Class A Common Stock
SCPL
| $749K | ﹤0.01% |
50,507
+30,000
| +146% | +$368K |
|
2423
Midland States Bancorp
MSBI
$698M
| $748K | ﹤0.01% |
50,056
+10,019
| +25% | +$154K |
|
2424
ARKO Corp
ARKO
$505M
| $747K | ﹤0.01% |
72,200
+52,200
| +261% | +$524K |
|
|
BRY
2425
DELISTED
Berry Corp
BRY
| $746K | ﹤0.01% |
154,442
+13,030
| +9% | +$50.4K |
|
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.