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 | |
|---|---|---|---|---|---|---|
2426
Hackett Group
HCKT
$277M
| $746K | ﹤0.01% |
55,124
+800
| +1% | +$11K |
|
|
OXFD
2427
DELISTED
Oxford Immunotec Global PLC Ordinary Shares
OXFD
| $745K | ﹤0.01% |
57,314
+4,100
| +8% | +$49.3K |
|
2428
Chefs' Warehouse
CHEF
$4.57B
| $743K | ﹤0.01% |
54,715
+400
| +0.7% | +$5.52K |
|
2429
PennantPark Floating Rate Capital
PFLT
$752M
| $742K | ﹤0.01% |
88,293
+29,700
| +51% | +$218K |
|
2430
Provident Financial
PROV
$113M
| $740K | ﹤0.01% |
55,157
| – | – |
|
|
MTEM
2431
DELISTED
Molecular Templates, Inc.
MTEM
| $740K | ﹤0.01% |
3,579
+1,758
| +97% | +$408K |
|
2432
Agilysys
AGYS
$3.25B
| $738K | ﹤0.01% |
41,163
-5,944
| -13% | -$111K |
|
2433
KNOT Offshore Partners
KNOP
$366M
| $738K | ﹤0.01% |
53,679
-9,272
| -15% | -$127K |
|
2434
Construction Partners
ROAD
$6.73B
| $737K | ﹤0.01% |
41,473
+27,721
| +202% | +$473K |
|
2435
Digi International
DGII
$3.23B
| $736K | ﹤0.01% |
63,175
+264
| +0.4% | +$2.82K |
|
2436
Miller Industries
MLR
$640M
| $731K | ﹤0.01% |
24,545
| – | – |
|
2437
Precigen
PGEN
$2.32B
| $731K | ﹤0.01% |
146,533
-1,467
| -1% | -$4.99K |
|
|
PDLI
2438
DELISTED
PDL BioPharma, Inc.
PDLI
| $730K | ﹤0.01% |
250,971
+300
| +0.1% | +$949 |
|
|
FBM
2439
DELISTED
Foundation Building Materials, Inc. Common Stock
FBM
| $729K | ﹤0.01% |
46,677
+9,599
| +26% | +$121K |
|
2440
InMode
INMD
$875M
| $728K | ﹤0.01% |
+51,394
| New | +$687K |
|
2441
Dynagas LNG Partners
DLNG
$138M
| $726K | ﹤0.01% |
226,910
| – | – |
|
2442
Byline Bancorp
BY
$1.78B
| $725K | ﹤0.01% |
55,316
+16,312
| +42% | +$187K |
|
2443
Voyager Therapeutics
VYGR
$198M
| $723K | ﹤0.01% |
57,324
+3,926
| +7% | +$45.7K |
|
2444
DXP Enterprises
DXPE
$3B
| $721K | ﹤0.01% |
36,205
| – | – |
|
|
KE
2445
Kimball Electronics
KE
$626M
| $721K | ﹤0.01% |
53,235
-1,309
| -2% | -$16.8K |
|
|
MTL
2446
DELISTED
Mechel PAO American Depository Shares, each representing two ordinary shares (ADSs)
MTL
| $720K | ﹤0.01% |
418,585
-84,172
| -17% | -$147K |
|
|
CETV
2447
DELISTED
Central European Media Enterprises Ltd
CETV
| $719K | ﹤0.01% |
203,148
+2,294
| +1% | +$8.48K |
|
2448
Transmedics
TMDX
$3.11B
| $717K | ﹤0.01% |
+40,000
| New | +$626K |
|
2449
McEwen Inc
MUX
$1.14B
| $716K | ﹤0.01% |
70,914
+28,024
| +65% | +$260K |
|
2450
World Acceptance Corp
WRLD
$875M
| $714K | ﹤0.01% |
10,902
-1,147
| -10% | -$71.7K |
|
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.