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 | |
|---|---|---|---|---|---|---|
|
ZYXI
2501
DELISTED
Zynex
ZYXI
| $738K | ﹤0.01% |
46,519
+5,145
| +12% | +$86.9K |
|
2502
Modine Manufacturing
MOD
$10.6B
| $737K | ﹤0.01% |
117,892
+8,494
| +8% | +$51.4K |
|
|
MRNS
2503
DELISTED
Marinus Pharmaceuticals, Inc
MRNS
| $735K | ﹤0.01% |
57,233
+10,325
| +22% | +$89.1K |
|
|
THBR
2504
DELISTED
Thunder Bridge Acquisition II, Ltd. Class A Ordinary Shares
THBR
| $734K | ﹤0.01% |
72,000
+1,700
| +2% | +$17.4K |
|
|
LITS
2505
Lite Strategy Inc
LITS
$31.4M
| $731K | ﹤0.01% |
11,715
+275
| +2% | +$16.6K |
|
|
DCOM
2506
DELISTED
Dime Community Bancshares
DCOM
| $731K | ﹤0.01% |
64,663
+1,500
| +2% | +$18.7K |
|
2507
MBIA
MBI
$254M
| $729K | ﹤0.01% |
120,307
-33,949
| -22% | -$251K |
|
|
HUD
2508
DELISTED
Hudson Ltd. Class A Common Shares
HUD
| $729K | ﹤0.01% |
95,881
+5,414
| +6% | +$32.8K |
|
2509
China Yuchai International
CYD
$1.76B
| $728K | ﹤0.01% |
40,453
+1,777
| +5% | +$27.6K |
|
2510
Genesco
GCO
$391M
| $728K | ﹤0.01% |
33,816
+1,461
| +5% | +$28.6K |
|
2511
Innovative Solutions & Support
ISSC
$407M
| $727K | ﹤0.01% |
106,351
| – | – |
|
|
ORTX
2512
DELISTED
Orchard Therapeutics plc American Depositary Shares
ORTX
| $725K | ﹤0.01% |
17,640
+450
| +3% | +$23.3K |
|
|
VXRT
2513
DELISTED
Vaxart
VXRT
| $724K | ﹤0.01% |
+108,803
| New | +$969K |
|
|
HIMX
2514
Himax Technologies
HIMX
$2.56B
| $723K | ﹤0.01% |
203,216
+4,800
| +2% | +$18.2K |
|
|
ALTA
2515
DELISTED
Altabancorp
ALTA
| $723K | ﹤0.01% |
35,939
+800
| +2% | +$16.3K |
|
2516
KNOT Offshore Partners
KNOP
$362M
| $721K | ﹤0.01% |
55,879
+2,200
| +4% | +$29.3K |
|
|
ZIXI
2517
DELISTED
Zix Corporation
ZIXI
| $721K | ﹤0.01% |
123,393
+2,900
| +2% | +$18.1K |
|
|
BFS
2518
Saul Centers
BFS
$850M
| $719K | ﹤0.01% |
27,069
+600
| +2% | +$17.5K |
|
2519
Transmedics
TMDX
$3.11B
| $719K | ﹤0.01% |
52,200
+12,200
| +31% | +$209K |
|
2520
Hooker Furnishings Corp
HOFT
$158M
| $718K | ﹤0.01% |
27,814
+2,080
| +8% | +$48.8K |
|
2521
Vishay Precision Group
VPG
$908M
| $717K | ﹤0.01% |
28,300
+700
| +3% | +$17.4K |
|
2522
Bar Harbor Bankshares
BHB
$681M
| $716K | ﹤0.01% |
34,822
+900
| +3% | +$18.5K |
|
2523
AnaptysBio
ANAB
$1.66B
| $715K | ﹤0.01% |
48,486
+1,200
| +3% | +$21.6K |
|
2524
Costamare
CMRE
$1.71B
| $715K | ﹤0.01% |
117,743
+3,900
| +3% | +$20K |
|
2525
Dorian LPG
LPG
$1.91B
| $713K | ﹤0.01% |
88,984
+10,046
| +13% | +$83.3K |
|
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.