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 | |
|---|---|---|---|---|---|---|
|
TLMD
2701
DELISTED
SOC Telemed, Inc. Class A Common Stock
TLMD
| $547K | ﹤0.01% |
+53,860
| New | +$556K |
|
|
ACBI
2702
DELISTED
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
| $544K | ﹤0.01% |
47,902
+1,700
| +4% | +$18.9K |
|
2703
Equity Bancshares
EQBK
$1.06B
| $542K | ﹤0.01% |
34,943
+1,813
| +5% | +$27.8K |
|
2704
Sutro Biopharma
STRO
$353M
| $541K | ﹤0.01% |
5,380
+1,660
| +45% | +$157K |
|
2705
Expro Ltd
XPRO
$2.07B
| $541K | ﹤0.01% |
58,590
+1,450
| +3% | +$19.5K |
|
2706
Anavex Life Sciences
AVXL
$316M
| $540K | ﹤0.01% |
118,745
+5,500
| +5% | +$23.7K |
|
|
JMIA
2707
Jumia Technologies
JMIA
$768M
| $540K | ﹤0.01% |
67,600
+2,500
| +4% | +$25.2K |
|
|
FRTA
2708
DELISTED
Forterra, Inc
FRTA
| $538K | ﹤0.01% |
45,514
+2,310
| +5% | +$30.7K |
|
|
LORL
2709
DELISTED
Loral Space and Communications, Inc.
LORL
| $538K | ﹤0.01% |
29,376
+1,000
| +4% | +$20.4K |
|
2710
Cooper-Standard Automotive
CPS
$490M
| $537K | ﹤0.01% |
40,645
+2,467
| +6% | +$34.3K |
|
|
OPRA
2711
Opera Ltd
OPRA
$1.78B
| $537K | ﹤0.01% |
54,938
+1,800
| +3% | +$16.9K |
|
2712
Sierra Bancorp
BSRR
$532M
| $536K | ﹤0.01% |
31,917
+1,000
| +3% | +$17.9K |
|
|
MAPS
2713
DELISTED
WM TECHNOLOGY INC A
MAPS
| $536K | ﹤0.01% |
52,900
+1,800
| +4% | +$18.2K |
|
|
CCRN
2714
DELISTED
Cross Country Healthcare
CCRN
| $534K | ﹤0.01% |
82,205
+3,200
| +4% | +$20.3K |
|
2715
NVE Corp
NVEC
$591M
| $534K | ﹤0.01% |
10,881
+400
| +4% | +$22.2K |
|
2716
Lifecore Biomedical
LFCR
$181M
| $532K | ﹤0.01% |
54,700
+2,300
| +4% | +$21.9K |
|
|
AKTS
2717
DELISTED
Akoustis Technologies Inc
AKTS
| $532K | ﹤0.01% |
65,200
+2,400
| +4% | +$19.4K |
|
2718
Orion Group Holdings
ORN
$402M
| $531K | ﹤0.01% |
192,944
| – | – |
|
|
LVOX
2719
DELISTED
LiveVox Holding, Inc. Class A Common Stock
LVOX
| $531K | ﹤0.01% |
52,900
+11,500
| +28% | +$117K |
|
|
HTT
2720
High Templar Tech Ltd
HTT
$391M
| $530K | ﹤0.01% |
427,288
+15,564
| +4% | +$26.2K |
|
2721
Seneca Foods Class A
SENEA
$1.28B
| $530K | ﹤0.01% |
14,829
-37
| -0.2% | -$1.49K |
|
|
TAST
2722
DELISTED
Carrols Restaurant Group, Inc.
TAST
| $529K | ﹤0.01% |
81,995
+10,595
| +15% | +$65.6K |
|
2723
Precigen
PGEN
$2.45B
| $528K | ﹤0.01% |
150,733
+4,200
| +3% | +$19.9K |
|
2724
Fortress Biotech
FBIO
$91.4M
| $527K | ﹤0.01% |
8,693
+860
| +11% | +$43.8K |
|
|
GDEN
2725
DELISTED
Golden Entertainment
GDEN
| $525K | ﹤0.01% |
37,929
-395
| -1% | -$4.43K |
|
Similar funds
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.