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 |
Merck
MRK
|
+$261M |
| 2 |
Becton Dickinson
BDX
|
+$198M |
| 3 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$186M |
| 4 |
Apple
AAPL
|
+$171M |
| 5 |
Johnson & Johnson
JNJ
|
+$152M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Aflac
AFL
|
+$125M |
| 2 |
ONC
BeOne Medicines Ltd
ONC
|
+$68.8M |
| 3 |
UDR
UDR
|
+$61.6M |
| 4 |
IMMU
Immunomedics Inc
IMMU
|
+$40.1M |
| 5 |
NextEra Energy
NEE
|
+$38M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.29% |
| 2 | Healthcare | 14.28% |
| 3 | Financials | 12.51% |
| 4 | Consumer Discretionary | 11.95% |
| 5 | Communication Services | 9.19% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2601
Financial Institutions
FISI
$825M
| $837K | ﹤0.01% |
37,181
-700
| -2% | -$13.6K |
|
2602
Titan Machinery
TITN
$420M
| $837K | ﹤0.01% |
42,823
-800
| -2% | -$13.7K |
|
2603
Beam Global
BEEM
$25.5M
| $836K | ﹤0.01% |
+11,330
| New | +$314K |
|
|
CNSL
2604
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $834K | ﹤0.01% |
170,639
-1,228
| -0.7% | -$6.44K |
|
2605
Anterix
ATEX
$1.79B
| $831K | ﹤0.01% |
22,100
-500
| -2% | -$16.5K |
|
2606
CEL-SCI Corp
CVM
$26M
| $831K | ﹤0.01% |
2,377
-254
| -10% | -$100K |
|
2607
First Community Bankshares
FCBC
$933M
| $831K | ﹤0.01% |
38,520
-700
| -2% | -$14.7K |
|
2608
International Money Express
IMXI
$353M
| $829K | ﹤0.01% |
53,434
-88
| -0.2% | -$1.36K |
|
2609
Annexon
ANNX
$862M
| $828K | ﹤0.01% |
33,085
-600
| -2% | -$15.4K |
|
|
MSB
2610
Mesabi Trust
MSB
$305M
| $828K | ﹤0.01% |
29,521
-600
| -2% | -$14.6K |
|
|
ACRE
2611
Ares Commercial Real Estate
ACRE
$264M
| $826K | ﹤0.01% |
69,357
-1,300
| -2% | -$13.9K |
|
|
FRTA
2612
DELISTED
Forterra, Inc
FRTA
| $826K | ﹤0.01% |
48,023
+2,509
| +6% | +$40.2K |
|
2613
KNOT Offshore Partners
KNOP
$366M
| $825K | ﹤0.01% |
54,779
-1,100
| -2% | -$15.4K |
|
|
RNAM
2614
DELISTED
Avidity Biosciences
RNAM
| $825K | ﹤0.01% |
32,320
-600
| -2% | -$17.5K |
|
2615
Rush Enterprises Class B
RUSHB
$9.37B
| $822K | ﹤0.01% |
32,553
+9,173
| +39% | +$212K |
|
2616
Prothena Corp
PRTA
$466M
| $821K | ﹤0.01% |
68,384
-1,300
| -2% | -$15.4K |
|
2617
Motorcar Parts of America
MPAA
$235M
| $820K | ﹤0.01% |
41,817
-800
| -2% | -$14.9K |
|
2618
Hanmi Financial
HAFC
$963M
| $817K | ﹤0.01% |
72,071
-398
| -0.5% | -$3.98K |
|
|
SHOE
2619
Shoe Station Group
SHOE
$415M
| $817K | ﹤0.01% |
41,686
-800
| -2% | -$14.3K |
|
|
DSPG
2620
DELISTED
DSP Group Inc
DSPG
| $817K | ﹤0.01% |
49,229
-900
| -2% | -$13.9K |
|
2621
DXP Enterprises
DXPE
$3B
| $812K | ﹤0.01% |
36,505
-700
| -2% | -$14.1K |
|
2622
Nurix Therapeutics
NRIX
$2.82B
| $811K | ﹤0.01% |
24,675
-500
| -2% | -$16.6K |
|
2623
Bar Harbor Bankshares
BHB
$681M
| $810K | ﹤0.01% |
35,851
+1,029
| +3% | +$23.4K |
|
2624
GCM Grosvenor
GCMG
$2.85B
| $810K | ﹤0.01% |
60,793
+2,833
| +5% | +$31.4K |
|
|
CLVS
2625
DELISTED
Clovis Oncology, Inc.
CLVS
| $810K | ﹤0.01% |
168,700
-18,983
| -10% | -$96K |
|
Similar funds
California Public Employees Retirement System's Q4 2020 Portfolio in Review
As of Q4 2020, California Public Employees Retirement System held 3,678 positions worth $130B, up 15% from $112B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
California Public Employees Retirement System's Q4 2020 filing shows 119 new, 1,416 increased, 1,670 reduced and 115 closed positions. Its largest new stake was Seagen Inc. Common Stock: 998,612 shares worth $175M. The largest sale was Aflac, an estimated $125M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 22% a quarter earlier, followed by Healthcare and Financials.
- California Public Employees Retirement System's largest Q4 2020 buy was Seagen Inc. Common Stock: 998,612 shares worth $175M.
- California Public Employees Retirement System added most to Merck in Q4 2020, an estimated $261M increase.
- California Public Employees Retirement System's biggest Q4 2020 reduction was Aflac, cutting an estimated $125M.
- California Public Employees Retirement System fully exited BeOne Medicines Ltd in Q4 2020, selling an estimated $68.8M.
- California Public Employees Retirement System's ten largest holdings make up 18% of its $130B portfolio in Q4 2020.
- California Public Employees Retirement System opened 119 new positions and closed 115 in Q4 2020.
- California Public Employees Retirement System's portfolio value rose 15% quarter-over-quarter to $130B.
Based on California Public Employees Retirement System's 13F filing for Q4 2020, filed 2 Feb 2021.