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 | |
|---|---|---|---|---|---|---|
2551
HCI Group
HCI
$2.32B
| $620K | ﹤0.01% |
13,430
+1,882
| +16% | +$81.6K |
|
2552
Star Bulk Carriers
SBLK
$3.21B
| $620K | ﹤0.01% |
93,900
-13,281
| -12% | -$76.2K |
|
2553
Aprea Therapeutics
APRE
$8.31M
| $619K | ﹤0.01% |
+798
| New | +$524K |
|
2554
Capital City Bank Group
CCBG
$898M
| $618K | ﹤0.01% |
29,503
-330
| -1% | -$6.47K |
|
2555
Haverty Furniture Companies
HVT
$450M
| $618K | ﹤0.01% |
38,610
-1,707
| -4% | -$24.9K |
|
2556
West Bancorporation
WTBA
$511M
| $618K | ﹤0.01% |
35,358
-200
| -0.6% | -$3.45K |
|
|
CNXM
2557
DELISTED
CNX Midstream Partners LP
CNXM
| $617K | ﹤0.01% |
92,819
+48,960
| +112% | +$396K |
|
|
AKRO
2558
DELISTED
Akero Therapeutics
AKRO
| $616K | ﹤0.01% |
+24,717
| New | +$565K |
|
2559
Citizens & Northern Corp
CZNC
$466M
| $614K | ﹤0.01% |
29,728
+3,111
| +12% | +$58.7K |
|
|
OLP
2560
One Liberty Properties
OLP
$537M
| $614K | ﹤0.01% |
34,842
+300
| +0.9% | +$4.75K |
|
|
PARAA
2561
DELISTED
Paramount Global Class A
PARAA
| $614K | ﹤0.01% |
23,988
+7,508
| +46% | +$167K |
|
2562
Ethan Allen Interiors
ETD
$583M
| $613K | ﹤0.01% |
51,787
-300
| -0.6% | -$3.33K |
|
2563
Barings BDC
BBDC
$987M
| $612K | ﹤0.01% |
77,100
+10,700
| +16% | +$76.8K |
|
2564
VSE Corp
VSEC
$6.48B
| $612K | ﹤0.01% |
19,512
-1,397
| -7% | -$31.8K |
|
2565
Kimbell Royalty Partners
KRP
$1.52B
| $611K | ﹤0.01% |
71,023
+59,707
| +528% | +$433K |
|
2566
Dorian LPG
LPG
$1.95B
| $611K | ﹤0.01% |
78,938
+15,046
| +24% | +$125K |
|
|
SLCA
2567
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $608K | ﹤0.01% |
168,555
-627
| -0.4% | -$1.58K |
|
|
EIGI
2568
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $607K | ﹤0.01% |
150,711
-9,915
| -6% | -$29.3K |
|
2569
Orion Group Holdings
ORN
$392M
| $606K | ﹤0.01% |
192,944
| – | – |
|
|
BCLI
2570
DELISTED
BRAINSTORM CELL THERAPUTC
BCLI
| $605K | ﹤0.01% |
+3,600
| New | +$388K |
|
2571
Modine Manufacturing
MOD
$10.8B
| $604K | ﹤0.01% |
109,398
-800
| -0.7% | -$3.67K |
|
2572
Napco Security Technologies
NSSC
$1.37B
| $600K | ﹤0.01% |
51,342
-21,032
| -29% | -$220K |
|
|
TRUE
2573
DELISTED
TrueCar
TRUE
| $600K | ﹤0.01% |
232,700
-2,679
| -1% | -$6.88K |
|
2574
Five Point Holdings
FPH
$372M
| $598K | ﹤0.01% |
129,977
+28,400
| +28% | +$143K |
|
2575
Nabors Industries
NBR
$1.35B
| $597K | ﹤0.01% |
16,137
+112
| +0.7% | +$3.22K |
|
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.