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 | |
|---|---|---|---|---|---|---|
2601
Keros Therapeutics
KROS
$211M
| $578K | ﹤0.01% |
+15,419
| New | +$475K |
|
|
UBX
2602
DELISTED
Unity Biotechnology
UBX
| $578K | ﹤0.01% |
6,660
+3,675
| +123% | +$273K |
|
2603
Matrix Service
MTRX
$328M
| $577K | ﹤0.01% |
59,321
-507
| -0.8% | -$4.93K |
|
|
GTT
2604
DELISTED
GTT Communications, Inc.
GTT
| $577K | ﹤0.01% |
70,724
-4,300
| -6% | -$38.8K |
|
2605
Donnelley Financial Solutions
DFIN
$1.22B
| $576K | ﹤0.01% |
68,565
-918
| -1% | -$6.61K |
|
|
ID
2606
DELISTED
PARTS iD, Inc.
ID
| $575K | ﹤0.01% |
59,900
+34,800
| +139% | +$362K |
|
2607
MeiraGTx Holdings
MGTX
$1.17B
| $572K | ﹤0.01% |
45,651
+7,818
| +21% | +$109K |
|
2608
Verastem
VSTM
$604M
| $569K | ﹤0.01% |
27,583
+20,916
| +314% | +$553K |
|
|
RIDE
2609
DELISTED
Lordstown Motors Corp. Class A Common Stock
RIDE
| $569K | ﹤0.01% |
+3,680
| New | +$553K |
|
2610
Allient
ALNT
$1.86B
| $568K | ﹤0.01% |
24,125
+564
| +2% | +$11.8K |
|
2611
Unity Bancorp
UNTY
$620M
| $566K | ﹤0.01% |
39,550
| – | – |
|
2612
Global Industrial
GIC
$1.49B
| $563K | ﹤0.01% |
27,423
+4,100
| +18% | +$79.6K |
|
2613
Scully Royalty
SRL
$90.1M
| $563K | ﹤0.01% |
74,112
| – | – |
|
2614
CrossAmerica Partners
CAPL
$887M
| $562K | ﹤0.01% |
41,739
+18,099
| +77% | +$240K |
|
|
ACBI
2615
DELISTED
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
| $562K | ﹤0.01% |
46,202
+9,742
| +27% | +$112K |
|
|
SIRE
2616
DELISTED
Sisecam Resources LP
SIRE
| $561K | ﹤0.01% |
43,978
-41,905
| -49% | -$482K |
|
|
SRTA
2617
Strata Critical Medical Inc
SRTA
$528M
| $560K | ﹤0.01% |
+56,200
| New | +$552K |
|
2618
Fuel Tech
FTEK
$45.3M
| $560K | ﹤0.01% |
666,139
| – | – |
|
2619
SunCoke Energy
SXC
$788M
| $560K | ﹤0.01% |
189,316
+30,720
| +19% | +$98.1K |
|
2620
Powell Industries
POWL
$7.43B
| $559K | ﹤0.01% |
61,254
+909
| +2% | +$7.73K |
|
2621
Anavex Life Sciences
AVXL
$303M
| $557K | ﹤0.01% |
+113,245
| New | +$428K |
|
2622
China Yuchai International
CYD
$1.71B
| $556K | ﹤0.01% |
38,676
-460
| -1% | -$5.72K |
|
2623
HighPeak Energy
HPK
$947M
| $556K | ﹤0.01% |
51,600
+9,400
| +22% | +$99K |
|
|
BFX
2624
DELISTED
BowFlex Inc.
BFX
| $556K | ﹤0.01% |
60,000
+1,800
| +3% | +$10.9K |
|
|
TRIT
2625
DELISTED
Triterras, Inc. Class A Ordinary Shares
TRIT
| $556K | ﹤0.01% |
51,700
+33,400
| +183% | +$334K |
|
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.