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 | |
|---|---|---|---|---|---|---|
2501
Tejon Ranch
TRC
$443M
| $665K | ﹤0.01% |
46,178
+19,400
| +72% | +$270K |
|
|
LAND
2502
Gladstone Land Corp
LAND
$358M
| $664K | ﹤0.01% |
+41,873
| New | +$586K |
|
2503
Nexa Resources
NEXA
$1.9B
| $663K | ﹤0.01% |
99,906
+57,581
| +136% | +$255K |
|
|
WSR
2504
DELISTED
Whitestone REIT
WSR
| $661K | ﹤0.01% |
90,866
+21,999
| +32% | +$140K |
|
2505
Paysign
PAYS
$735M
| $660K | ﹤0.01% |
67,981
+2,200
| +3% | +$16.2K |
|
2506
Carriage Services
CSV
$555M
| $659K | ﹤0.01% |
36,388
-334
| -0.9% | -$5.63K |
|
|
GOEV
2507
DELISTED
Canoo Inc. Class A Common Stock
GOEV
| $659K | ﹤0.01% |
133
+78
| +142% | +$368K |
|
2508
Marcus Corp
MCS
$929M
| $657K | ﹤0.01% |
49,537
-200
| -0.4% | -$2.68K |
|
2509
Citizens
CIA
$198M
| $656K | ﹤0.01% |
109,518
-525
| -0.5% | -$3.02K |
|
2510
Beazer Homes USA
BZH
$874M
| $655K | ﹤0.01% |
65,080
-181
| -0.3% | -$1.45K |
|
2511
Hanmi Financial
HAFC
$963M
| $654K | ﹤0.01% |
67,397
+1,037
| +2% | +$10.2K |
|
|
AMBR
2512
Amber International Holding Ltd
AMBR
$126M
| $654K | ﹤0.01% |
+12,268
| New | +$605K |
|
2513
Oil States International
OIS
$526M
| $652K | ﹤0.01% |
137,320
+4,127
| +3% | +$15.9K |
|
2514
TherapeuticsMD
TXMD
$24.1M
| $652K | ﹤0.01% |
10,426
+532
| +5% | +$31K |
|
2515
AvePoint
AVPT
$2.91B
| $651K | ﹤0.01% |
+63,500
| New | +$628K |
|
2516
HF Foods Group
HFFG
$97.6M
| $651K | ﹤0.01% |
+71,900
| New | +$523K |
|
|
MOFG
2517
DELISTED
MidWestOne Financial Group
MOFG
| $650K | ﹤0.01% |
32,504
+6,072
| +23% | +$117K |
|
2518
Freedom Holding
FRHC
$9.35B
| $649K | ﹤0.01% |
+34,739
| New | +$577K |
|
2519
Oric Pharmaceuticals
ORIC
$1.42B
| $649K | ﹤0.01% |
+19,249
| New | +$614K |
|
2520
NVE Corp
NVEC
$563M
| $648K | ﹤0.01% |
10,481
-100
| -0.9% | -$5.71K |
|
|
CLDT
2521
Chatham Lodging
CLDT
$601M
| $647K | ﹤0.01% |
105,727
+4,408
| +4% | +$29.5K |
|
2522
SIGA Technologies
SIGA
$207M
| $647K | ﹤0.01% |
109,400
+9,179
| +9% | +$52.4K |
|
|
TBRG
2523
DELISTED
TruBridge
TBRG
| $646K | ﹤0.01% |
28,345
+100
| +0.4% | +$2.23K |
|
2524
Artesian Resources
ARTNA
$369M
| $645K | ﹤0.01% |
17,761
| – | – |
|
2525
Clean Energy Fuels
CLNE
$395M
| $645K | ﹤0.01% |
290,718
-299
| -0.1% | -$604 |
|
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.