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 |
Merck
MRK
|
+$261M |
| 2 |
Becton Dickinson
BDX
|
+$198M |
| 3 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$186M |
| 4 |
Apple
AAPL
|
+$171M |
| 5 |
Johnson & Johnson
JNJ
|
+$152M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Aflac
AFL
|
+$125M |
| 2 |
ONC
BeOne Medicines Ltd
ONC
|
+$68.8M |
| 3 |
UDR
UDR
|
+$61.6M |
| 4 |
IMMU
Immunomedics Inc
IMMU
|
+$40.1M |
| 5 |
NextEra Energy
NEE
|
+$38M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.46% |
| 2 | Healthcare | 14.48% |
| 3 | Financials | 12.59% |
| 4 | Consumer Discretionary | 12.05% |
| 5 | Communication Services | 9.28% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2451
Barings BDC
BBDC
$979M
| $1.02M | ﹤0.01% |
111,331
+31,831
| +40% | +$270K |
|
2452
AnaptysBio
ANAB
$1.68B
| $1.02M | ﹤0.01% |
47,586
-900
| -2% | -$21.9K |
|
|
MORF
2453
DELISTED
Morphic Holding, Inc. Common Stock
MORF
| $1.02M | ﹤0.01% |
30,491
-600
| -2% | -$17.7K |
|
2454
MasterCraft Boat Holdings
MCFT
$597M
| $1.02M | ﹤0.01% |
41,157
-2,609
| -6% | -$58.2K |
|
2455
Rush Street Interactive
RSI
$2.94B
| $1.02M | ﹤0.01% |
47,200
-1,000
| -2% | -$15K |
|
|
FPRX
2456
DELISTED
Five Prime Therapeutics, Inc.
FPRX
| $1.02M | ﹤0.01% |
60,021
+5,921
| +11% | +$74.2K |
|
2457
Beazer Homes USA
BZH
$874M
| $1.02M | ﹤0.01% |
67,162
-529
| -0.8% | -$7.6K |
|
|
SRG
2458
Seritage Growth Properties
SRG
$128M
| $1.02M | ﹤0.01% |
69,300
-7,680
| -10% | -$114K |
|
2459
Transmedics
TMDX
$3.09B
| $1.02M | ﹤0.01% |
51,100
-1,100
| -2% | -$16.3K |
|
2460
Ennis
EBF
$556M
| $1.01M | ﹤0.01% |
56,810
-1,100
| -2% | -$18.5K |
|
2461
Geron
GERN
$949M
| $1.01M | ﹤0.01% |
637,947
-12,200
| -2% | -$22.2K |
|
2462
Forrester Research
FORR
$221M
| $1.01M | ﹤0.01% |
24,167
-500
| -2% | -$20K |
|
|
SYRS
2463
DELISTED
Syros Pharmaceuticals, Inc. Common Stock
SYRS
| $1.01M | ﹤0.01% |
9,326
+321
| +4% | +$29.3K |
|
|
CTT
2464
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
| $1.01M | ﹤0.01% |
108,160
-2,100
| -2% | -$19.1K |
|
2465
Genesco
GCO
$389M
| $1.01M | ﹤0.01% |
33,552
-264
| -0.8% | -$6.75K |
|
|
STEL
2466
DELISTED
Stellar Bancorp
STEL
| $1.01M | ﹤0.01% |
39,540
-700
| -2% | -$15.1K |
|
2467
Accel Entertainment
ACEL
$1.01B
| $1.01M | ﹤0.01% |
99,785
+7,485
| +8% | +$78.4K |
|
2468
Bank of Marin Bancorp
BMRC
$463M
| $1.01M | ﹤0.01% |
29,344
-600
| -2% | -$20.4K |
|
2469
Ribbon Communications
RBBN
$376M
| $1.01M | ﹤0.01% |
153,409
-2,900
| -2% | -$15.3K |
|
2470
Universal Insurance Holdings
UVE
$1.18B
| $1M | ﹤0.01% |
66,416
-507
| -0.8% | -$7.15K |
|
2471
Neurogene
NGNE
$700M
| $1M | ﹤0.01% |
3,557
-227
| -6% | -$55.5K |
|
2472
National Presto Industries
NPK
$1B
| $1M | ﹤0.01% |
11,347
-200
| -2% | -$17.2K |
|
2473
Global Industrial
GIC
$1.48B
| $1M | ﹤0.01% |
27,923
-500
| -2% | -$14.9K |
|
|
SNR
2474
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $1M | ﹤0.01% |
193,529
-1,804
| -0.9% | -$8.81K |
|
2475
Green Plains
GPRE
$1.1B
| $996K | ﹤0.01% |
75,604
-1,500
| -2% | -$22.8K |
|
Similar funds
California Public Employees Retirement System's Q4 2020 Portfolio in Review
As of Q4 2020, California Public Employees Retirement System held 3,678 positions worth $130B, up 15% from $112B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
California Public Employees Retirement System's Q4 2020 filing shows 119 new, 1,416 increased, 1,670 reduced and 115 closed positions. Its largest new stake was Seagen Inc. Common Stock: 998,612 shares worth $175M. The largest sale was Aflac, an estimated $125M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 22% a quarter earlier, followed by Healthcare and Financials.
- California Public Employees Retirement System's largest Q4 2020 buy was Seagen Inc. Common Stock: 998,612 shares worth $175M.
- California Public Employees Retirement System added most to Merck in Q4 2020, an estimated $261M increase.
- California Public Employees Retirement System's biggest Q4 2020 reduction was Aflac, cutting an estimated $125M.
- California Public Employees Retirement System fully exited BeOne Medicines Ltd in Q4 2020, selling an estimated $68.8M.
- California Public Employees Retirement System's ten largest holdings make up 18% of its $130B portfolio in Q4 2020.
- California Public Employees Retirement System opened 119 new positions and closed 115 in Q4 2020.
- California Public Employees Retirement System's portfolio value rose 15% quarter-over-quarter to $130B.
Based on California Public Employees Retirement System's 13F filing for Q4 2020, filed 2 Feb 2021.