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 | 21.85% |
| 2 | Healthcare | 14.17% |
| 3 | Financials | 12.05% |
| 4 | Consumer Discretionary | 11.92% |
| 5 | Communication Services | 8.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SHOE
2526
Shoe Station Group
SHOE
$420M
| $713K | ﹤0.01% |
42,486
+42
| +0.1% | +$634 |
|
2527
First Community Bankshares
FCBC
$927M
| $708K | ﹤0.01% |
39,220
+800
| +2% | +$15.9K |
|
2528
Global Partners
GLP
$1.72B
| $706K | ﹤0.01% |
53,878
+2,000
| +4% | +$23.5K |
|
|
NPTN
2529
DELISTED
NEOPHOTONICS CORP
NPTN
| $706K | ﹤0.01% |
115,894
+3,227
| +3% | +$24.6K |
|
|
AMRS
2530
DELISTED
Amyris Inc.
AMRS
| $704K | ﹤0.01% |
241,129
+105,119
| +77% | +$385K |
|
|
GOEV
2531
DELISTED
Canoo Inc. Class A Common Stock
GOEV
| $701K | ﹤0.01% |
137
+4
| +3% | +$20.5K |
|
|
USAP
2532
DELISTED
Universal Stainless & Alloy
USAP
| $697K | ﹤0.01% |
126,877
| – | – |
|
2533
Crescent Capital BDC
CCAP
$408M
| $696K | ﹤0.01% |
54,564
+1,500
| +3% | +$18.8K |
|
2534
Puma Biotechnology
PBYI
$450M
| $696K | ﹤0.01% |
68,986
+1,800
| +3% | +$18.3K |
|
2535
Prothena Corp
PRTA
$466M
| $696K | ﹤0.01% |
69,684
+1,500
| +2% | +$18K |
|
|
AKUS
2536
DELISTED
Akouos Inc
AKUS
| $691K | ﹤0.01% |
+30,197
| New | +$671K |
|
2537
Allient
ALNT
$1.94B
| $689K | ﹤0.01% |
25,025
+900
| +4% | +$23.8K |
|
|
AXDX
2538
DELISTED
Accelerate Diagnostics
AXDX
| $689K | ﹤0.01% |
6,460
+290
| +5% | +$40.3K |
|
2539
KRONOS Worldwide
KRO
$905M
| $689K | ﹤0.01% |
53,542
+2,483
| +5% | +$29.7K |
|
|
OXFD
2540
DELISTED
Oxford Immunotec Global PLC Ordinary Shares
OXFD
| $687K | ﹤0.01% |
58,714
+1,400
| +2% | +$18.6K |
|
|
AKCA
2541
DELISTED
Akcea Therapeutics Inc
AKCA
| $685K | ﹤0.01% |
37,754
+4,454
| +13% | +$63.2K |
|
2542
Energy Recovery
ERII
$397M
| $684K | ﹤0.01% |
83,400
+6,700
| +9% | +$53.7K |
|
|
CPRX
2543
DELISTED
Catalyst Pharmaceutical
CPRX
| $682K | ﹤0.01% |
229,480
+608
| +0.3% | +$2.38K |
|
2544
HCI Group
HCI
$2.28B
| $682K | ﹤0.01% |
13,830
+400
| +3% | +$20.3K |
|
|
DM
2545
DELISTED
Desktop Metal, Inc.
DM
| $681K | ﹤0.01% |
6,310
+180
| +3% | +$19.5K |
|
|
CUTR
2546
DELISTED
Cutera, Inc.
CUTR
| $681K | ﹤0.01% |
35,900
-1,386
| -4% | -$21.4K |
|
2547
eGain
EGAN
$200M
| $680K | ﹤0.01% |
47,999
+1,800
| +4% | +$21K |
|
2548
Global Industrial
GIC
$1.49B
| $680K | ﹤0.01% |
28,423
+1,000
| +4% | +$21.6K |
|
2549
SunCoke Energy
SXC
$788M
| $680K | ﹤0.01% |
198,686
+9,370
| +5% | +$30.6K |
|
2550
CytomX Therapeutics
CTMX
$760M
| $678K | ﹤0.01% |
102,012
+2,000
| +2% | +$14.8K |
|
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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.