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 | |
|---|---|---|---|---|---|---|
2876
Alico
ALCO
$307M
| $372K | ﹤0.01% |
11,937
+3,684
| +45% | +$110K |
|
2877
Merchants Bancorp
MBIN
$2.5B
| $372K | ﹤0.01% |
+30,213
| New | +$319K |
|
2878
Amalgamated Financial
AMAL
$1.5B
| $371K | ﹤0.01% |
29,360
+16,800
| +134% | +$178K |
|
|
HMNF
2879
DELISTED
HMN Financial Inc
HMNF
| $371K | ﹤0.01% |
25,267
| – | – |
|
2880
Horizon Technology Finance
HRZN
$328M
| $370K | ﹤0.01% |
33,900
+12,900
| +61% | +$130K |
|
2881
InfuSystem Holdings
INFU
$248M
| $370K | ﹤0.01% |
32,060
+8,260
| +35% | +$94.9K |
|
|
CHS
2882
DELISTED
Chicos FAS, Inc.
CHS
| $370K | ﹤0.01% |
268,190
+2,500
| +0.9% | +$3.4K |
|
|
PAYA
2883
DELISTED
Paya Holdings Inc. Class A Common Stock
PAYA
| $370K | ﹤0.01% |
33,160
+4,360
| +15% | +$45.1K |
|
|
STXB
2884
DELISTED
Spirit of Texas Bancshares, Inc. Common Stock
STXB
| $370K | ﹤0.01% |
30,032
+15,200
| +102% | +$172K |
|
|
PFBI
2885
DELISTED
Premier Financial Bancorp
PFBI
| $370K | ﹤0.01% |
28,890
-230
| -0.8% | -$2.85K |
|
|
GOLD
2886
Gold.com Inc
GOLD
$1.26B
| $369K | ﹤0.01% |
38,730
| – | – |
|
2887
Team
TISI
$104M
| $369K | ﹤0.01% |
6,620
| – | – |
|
2888
Astrana Health
ASTH
$1.71B
| $368K | ﹤0.01% |
+22,314
| New | +$351K |
|
|
UPH
2889
DELISTED
UpHealth, Inc.
UPH
| $368K | ﹤0.01% |
+3,630
| New | +$363K |
|
|
ANH
2890
DELISTED
Anworth Mortgage Asset Corporation
ANH
| $368K | ﹤0.01% |
216,452
+14,610
| +7% | +$22.7K |
|
|
REVG
2891
DELISTED
REV Group
REVG
| $367K | ﹤0.01% |
60,226
+26,406
| +78% | +$142K |
|
2892
Veru
VERU
$47.6M
| $367K | ﹤0.01% |
10,979
+1,389
| +14% | +$47.8K |
|
2893
Nathan's Famous
NATH
$399M
| $366K | ﹤0.01% |
6,514
-498
| -7% | -$28.3K |
|
2894
International Money Express
IMXI
$351M
| $365K | ﹤0.01% |
29,295
+15,993
| +120% | +$163K |
|
2895
Transcat
TRNS
$893M
| $365K | ﹤0.01% |
14,100
-104
| -0.7% | -$2.71K |
|
|
SRGA
2896
DELISTED
Surgalign Holdings, Inc. Common Stock
SRGA
| $365K | ﹤0.01% |
3,830
+1,720
| +82% | +$128K |
|
2897
Oil-Dri
ODC
$1.27B
| $363K | ﹤0.01% |
20,942
-13,800
| -40% | -$239K |
|
2898
Rush Enterprises Class B
RUSHB
$9.23B
| $363K | ﹤0.01% |
+22,930
| New | +$339K |
|
|
VOXX
2899
DELISTED
VOXX International Corporation Class A
VOXX
| $363K | ﹤0.01% |
62,771
| – | – |
|
|
SIEN
2900
DELISTED
Sientra, Inc.
SIEN
| $363K | ﹤0.01% |
9,390
+3,360
| +56% | +$101K |
|
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.