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 | |
|---|---|---|---|---|---|---|
2751
Lindblad Expeditions
LIND
$2.15B
| $444K | ﹤0.01% |
57,485
+28,842
| +101% | +$199K |
|
2752
Arlo Technologies
ARLO
$1.59B
| $443K | ﹤0.01% |
171,611
+18,494
| +12% | +$44.7K |
|
2753
Southern First Bancshares
SFST
$603M
| $443K | ﹤0.01% |
15,986
+1,310
| +9% | +$35.6K |
|
2754
Dillards
DDS
$10.1B
| $442K | ﹤0.01% |
17,138
-5,098
| -23% | -$144K |
|
2755
NN Inc
NNBR
$301M
| $442K | ﹤0.01% |
93,165
-600
| -0.6% | -$2.1K |
|
|
HUD
2756
DELISTED
Hudson Ltd. Class A Common Shares
HUD
| $441K | ﹤0.01% |
90,467
+18,579
| +26% | +$97K |
|
2757
Primis Financial Corp
FRST
$405M
| $438K | ﹤0.01% |
45,198
+1,278
| +3% | +$12.3K |
|
2758
Stereotaxis
STXS
$145M
| $437K | ﹤0.01% |
+97,886
| New | +$396K |
|
2759
OneSpaWorld
OSW
$2.64B
| $436K | ﹤0.01% |
91,400
-9,598
| -10% | -$52.1K |
|
2760
Ranpak Holdings
PACK
$461M
| $436K | ﹤0.01% |
+58,600
| New | +$431K |
|
|
HMHC
2761
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $436K | ﹤0.01% |
240,758
+59,566
| +33% | +$95.6K |
|
|
CHMA
2762
DELISTED
Chiasma, Inc. Common Stock
CHMA
| $436K | ﹤0.01% |
81,069
+56,569
| +231% | +$311K |
|
2763
GrowGeneration
GRWG
$89.5M
| $435K | ﹤0.01% |
+63,527
| New | +$350K |
|
|
RPT
2764
Rithm Property Trust
RPT
$98.2M
| $434K | ﹤0.01% |
7,868
+1,052
| +15% | +$51.3K |
|
|
RUBY
2765
DELISTED
Rubius Therapeutics, Inc
RUBY
| $434K | ﹤0.01% |
72,500
+4,200
| +6% | +$24.8K |
|
2766
Wave Life Sciences
WVE
$993M
| $433K | ﹤0.01% |
41,600
+3,000
| +8% | +$28.2K |
|
2767
XBiotech
XBIT
$71M
| $433K | ﹤0.01% |
31,616
+2,601
| +9% | +$36.6K |
|
|
LVOX
2768
DELISTED
LiveVox Holding, Inc. Class A Common Stock
LVOX
| $433K | ﹤0.01% |
41,400
+27,000
| +188% | +$272K |
|
2769
IES Holdings
IESC
$15.5B
| $432K | ﹤0.01% |
18,664
-7,065
| -27% | -$148K |
|
|
PRTK
2770
DELISTED
Paratek Pharmaceuticals, Inc.
PRTK
| $431K | ﹤0.01% |
82,500
+16,200
| +24% | +$72K |
|
|
SUNS
2771
DELISTED
SLR Senior Investment Corp. Common Stock
SUNS
| $431K | ﹤0.01% |
33,600
+9,700
| +41% | +$120K |
|
|
GV
2772
DELISTED
Goldfield Corporation
GV
| $431K | ﹤0.01% |
116,046
| – | – |
|
2773
Global Indemnity Group
GBLI
$407M
| $430K | ﹤0.01% |
17,966
+9,800
| +120% | +$234K |
|
2774
Southern Missouri Bancorp
SMBC
$848M
| $427K | ﹤0.01% |
17,579
+333
| +2% | +$7.7K |
|
2775
Security National Financial
SNFCA
$243M
| $427K | ﹤0.01% |
86,954
| – | – |
|
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.