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 | |
|---|---|---|---|---|---|---|
2826
Accuray
ARAY
$34.6M
| $400K | ﹤0.01% |
197,231
+31,300
| +19% | +$65.2K |
|
2827
Globalstar
GSAT
$10.8B
| $400K | ﹤0.01% |
81,626
+28,392
| +53% | +$135K |
|
2828
Comscore
SCOR
$108M
| $400K | ﹤0.01% |
6,457
+3,012
| +87% | +$181K |
|
|
GPOR
2829
DELISTED
Gulfport Energy Corp.
GPOR
| $400K | ﹤0.01% |
366,982
+6,658
| +2% | +$9.93K |
|
2830
Cibus
CBUS
$145M
| $399K | ﹤0.01% |
1,620
| – | – |
|
|
PR
2831
Permian Resources
PR
$18B
| $399K | ﹤0.01% |
448,108
+20,611
| +5% | +$18.1K |
|
|
GRTS
2832
DELISTED
Gritstone bio, Inc. Common Stock
GRTS
| $399K | ﹤0.01% |
60,100
+17,100
| +40% | +$115K |
|
|
MSON
2833
DELISTED
Misonix Inc
MSON
| $398K | ﹤0.01% |
+29,300
| New | +$358K |
|
|
FPI
2834
Farmland Partners
FPI
$425M
| $396K | ﹤0.01% |
+57,748
| New | +$379K |
|
2835
Immersion
IMMR
$248M
| $396K | ﹤0.01% |
63,600
+28,750
| +82% | +$185K |
|
2836
Hurco Companies Inc
HURC
$143M
| $395K | ﹤0.01% |
14,115
+4,515
| +47% | +$132K |
|
2837
Acacia Research
ACTG
$451M
| $394K | ﹤0.01% |
96,300
+500
| +0.5% | +$1.45K |
|
|
GNTY
2838
DELISTED
Guaranty Bancshares
GNTY
| $394K | ﹤0.01% |
+16,743
| New | +$378K |
|
2839
Spero Therapeutics
SPRO
$71.2M
| $394K | ﹤0.01% |
+29,100
| New | +$327K |
|
2840
Cato Corp
CATO
$65.3M
| $393K | ﹤0.01% |
48,090
-1,749
| -4% | -$17.2K |
|
2841
LCNB Corp
LCNB
$282M
| $393K | ﹤0.01% |
24,600
+2,100
| +9% | +$28.9K |
|
|
CONN
2842
DELISTED
Conn's Inc.
CONN
| $393K | ﹤0.01% |
38,931
-1,900
| -5% | -$12.6K |
|
2843
Caledonia Mining Corp
CMCL
$442M
| $391K | ﹤0.01% |
+22,600
| New | +$315K |
|
2844
Pure Cycle
PCYO
$275M
| $391K | ﹤0.01% |
42,579
-19,652
| -32% | -$192K |
|
2845
RPC Inc
RES
$1.4B
| $391K | ﹤0.01% |
127,073
-2,100
| -2% | -$6.39K |
|
|
BREW
2846
DELISTED
Craft Brew Alliance, Inc.
BREW
| $391K | ﹤0.01% |
25,407
-390
| -2% | -$5.95K |
|
2847
Cartesian Therapeutics
RNAC
$260M
| $390K | ﹤0.01% |
+4,573
| New | +$415K |
|
|
TACO
2848
DELISTED
Del Taco Restaurants, Inc. Common Stock
TACO
| $390K | ﹤0.01% |
65,835
+34,100
| +107% | +$189K |
|
2849
Regis Corp
RGS
$68.3M
| $389K | ﹤0.01% |
2,380
-233
| -9% | -$43.7K |
|
|
HARP
2850
DELISTED
Harpoon Therapeutics, Inc. Common Stock
HARP
| $389K | ﹤0.01% |
+2,344
| New | +$366K |
|
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.