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 | |
|---|---|---|---|---|---|---|
2426
Akebia Therapeutics
AKBA
$241M
| $818K | ﹤0.01% |
325,906
+35,857
| +12% | +$315K |
|
|
GTHX
2427
DELISTED
G1 Therapeutics, Inc. Common Stock
GTHX
| $818K | ﹤0.01% |
70,800
+1,800
| +3% | +$29.7K |
|
2428
Luxfer Holdings
LXFR
$457M
| $816K | ﹤0.01% |
65,024
+2,300
| +4% | +$31.3K |
|
|
CODX
2429
Co-Diagnostics
CODX
$5.49M
| $815K | ﹤0.01% |
2,000
+19
| +1% | +$9.76K |
|
2430
Century Aluminum
CENX
$4.59B
| $813K | ﹤0.01% |
114,236
+2,500
| +2% | +$21.8K |
|
|
RUTH
2431
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $813K | ﹤0.01% |
73,478
+14,506
| +25% | +$131K |
|
2432
Helix Energy Solutions
HLX
$1.49B
| $812K | ﹤0.01% |
336,833
+11,644
| +4% | +$42.5K |
|
2433
Forrester Research
FORR
$220M
| $809K | ﹤0.01% |
24,667
+600
| +2% | +$20.5K |
|
2434
Phibro Animal Health
PAHC
$1.37B
| $809K | ﹤0.01% |
46,479
+1,400
| +3% | +$29.9K |
|
|
CLDT
2435
Chatham Lodging
CLDT
$590M
| $806K | ﹤0.01% |
105,807
+80
| +0.1% | +$524 |
|
|
AMK
2436
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $806K | ﹤0.01% |
37,091
+900
| +2% | +$22.7K |
|
|
TBRG
2437
DELISTED
TruBridge
TBRG
| $805K | ﹤0.01% |
29,145
+800
| +3% | +$21.1K |
|
2438
Ducommun
DCO
$3.04B
| $804K | ﹤0.01% |
24,417
+600
| +3% | +$21.6K |
|
|
RAPT
2439
DELISTED
RAPT Therapeutics
RAPT
| $804K | ﹤0.01% |
3,122
+87
| +3% | +$19.3K |
|
2440
Astrana Health
ASTH
$1.78B
| $804K | ﹤0.01% |
44,792
+22,478
| +101% | +$388K |
|
2441
AdvanSix
ASIX
$427M
| $803K | ﹤0.01% |
62,374
+1,700
| +3% | +$21.2K |
|
2442
Waterstone Financial
WSBF
$378M
| $802K | ﹤0.01% |
51,800
+1,300
| +3% | +$19.5K |
|
2443
Enliven Therapeutics
ELVN
$4.25B
| $801K | ﹤0.01% |
9,849
+200
| +2% | +$18K |
|
|
GOGL
2444
DELISTED
Golden Ocean Group
GOGL
| $801K | ﹤0.01% |
209,740
+4,800
| +2% | +$18.4K |
|
2445
Flexsteel Industries
FLXS
$301M
| $799K | ﹤0.01% |
33,288
| – | – |
|
2446
Peoples Bancorp
PEBO
$1.48B
| $798K | ﹤0.01% |
41,814
+900
| +2% | +$18.5K |
|
2447
Resources Connection
RGP
$144M
| $798K | ﹤0.01% |
69,126
+1,700
| +3% | +$20.2K |
|
|
SYRS
2448
DELISTED
Syros Pharmaceuticals, Inc. Common Stock
SYRS
| $796K | ﹤0.01% |
9,005
-464
| -5% | -$52.7K |
|
|
MRC
2449
DELISTED
MRC Global
MRC
| $794K | ﹤0.01% |
185,522
+6,424
| +4% | +$36.9K |
|
2450
Travelzoo
TZOO
$75.5M
| $794K | ﹤0.01% |
123,409
| – | – |
|
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.