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 | |
|---|---|---|---|---|---|---|
|
LCI
2651
DELISTED
Lannett Company, Inc.
LCI
| $528K | ﹤0.01% |
18,195
-105
| -0.6% | -$3.26K |
|
|
LDL
2652
DELISTED
Lydall, Inc.
LDL
| $526K | ﹤0.01% |
38,790
-200
| -0.5% | -$2.21K |
|
2653
Nature's Sunshine
NATR
$288M
| $523K | ﹤0.01% |
58,080
| – | – |
|
2654
Willdan Group
WLDN
$1.28B
| $523K | ﹤0.01% |
20,900
+400
| +2% | +$9.2K |
|
|
AMAG
2655
DELISTED
AMAG Pharmaceuticals
AMAG
| $523K | ﹤0.01% |
68,372
-228
| -0.3% | -$1.75K |
|
|
AKTS
2656
DELISTED
Akoustis Technologies Inc
AKTS
| $521K | ﹤0.01% |
62,800
+44,900
| +251% | +$347K |
|
|
RADA
2657
DELISTED
Rada Electronic Industries Ltd
RADA
| $521K | ﹤0.01% |
79,736
+51,486
| +182% | +$255K |
|
2658
Hyliion Holdings
HYLN
$722M
| $520K | ﹤0.01% |
18,940
+2,140
| +13% | +$25.9K |
|
2659
Village Super Market
VLGEA
$631M
| $520K | ﹤0.01% |
18,746
+3,200
| +21% | +$76.9K |
|
2660
Capital Southwest
CSWC
$1.6B
| $519K | ﹤0.01% |
38,500
+14,800
| +62% | +$191K |
|
|
MNK
2661
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $519K | ﹤0.01% |
193,805
+11,605
| +6% | +$34.8K |
|
2662
RBB Bancorp
RBB
$461M
| $517K | ﹤0.01% |
37,869
+17,790
| +89% | +$230K |
|
|
SCU
2663
DELISTED
Sculptor Capital Management, Inc. Class A Common Stock
SCU
| $517K | ﹤0.01% |
39,946
+2,500
| +7% | +$32K |
|
|
MAPS
2664
DELISTED
WM TECHNOLOGY INC A
MAPS
| $516K | ﹤0.01% |
+51,100
| New | +$509K |
|
2665
Personalis
PSNL
$1.51B
| $514K | ﹤0.01% |
+39,600
| New | +$439K |
|
2666
eGain
EGAN
$199M
| $513K | ﹤0.01% |
46,199
+7,799
| +20% | +$71K |
|
|
PNNT
2667
Pennant Park Investment Corp
PNNT
$244M
| $513K | ﹤0.01% |
146,200
+45,900
| +46% | +$148K |
|
|
MSB
2668
Mesabi Trust
MSB
$309M
| $510K | ﹤0.01% |
29,121
-3,200
| -10% | -$49.9K |
|
|
ISEE
2669
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $510K | ﹤0.01% |
99,903
+41,103
| +70% | +$171K |
|
|
EMWP
2670
DELISTED
Eros Media World PLC
EMWP
| $510K | ﹤0.01% |
8,075
+4,785
| +145% | +$270K |
|
2671
AMC Entertainment Holdings
AMC
$2.19B
| $509K | ﹤0.01% |
11,868
+453
| +4% | +$19.8K |
|
2672
Alpha and Omega Semiconductor
AOSL
$1.07B
| $508K | ﹤0.01% |
46,675
+1,301
| +3% | +$13.3K |
|
2673
Blue Bird Corp
BLBD
$2.05B
| $508K | ﹤0.01% |
33,896
+2,084
| +7% | +$26.1K |
|
2674
Global Partners
GLP
$1.73B
| $508K | ﹤0.01% |
51,878
-1,949
| -4% | -$20K |
|
|
AVID
2675
DELISTED
Avid Technology Inc
AVID
| $507K | ﹤0.01% |
69,771
+6,815
| +11% | +$44.9K |
|
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.