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 | |
|---|---|---|---|---|---|---|
2901
American Superconductor
AMSC
$1.56B
| $362K | ﹤0.01% |
44,500
+14,520
| +48% | +$94.9K |
|
2902
AerSale
ASLE
$273M
| $362K | ﹤0.01% |
+35,200
| New | +$358K |
|
|
CWBC
2903
Community West Bancshares
CWBC
$691M
| $362K | ﹤0.01% |
23,551
+400
| +2% | +$5.54K |
|
2904
Spok Holdings
SPOK
$239M
| $362K | ﹤0.01% |
38,704
+16,634
| +75% | +$172K |
|
|
NESR
2905
National Energy Services Reunited Corp
NESR
$3.63B
| $362K | ﹤0.01% |
52,685
+31,300
| +146% | +$168K |
|
2906
NextDecade
NEXT
$1.8B
| $361K | ﹤0.01% |
167,051
| – | – |
|
2907
Northrim BanCorp
NRIM
$595M
| $361K | ﹤0.01% |
57,456
-44,280
| -44% | -$257K |
|
|
GRVY
2908
GRAVITY
GRVY
$486M
| $360K | ﹤0.01% |
6,516
-20,173
| -76% | -$902K |
|
2909
Alpha Pro Tech
APT
$54.9M
| $359K | ﹤0.01% |
20,300
+400
| +2% | +$5.52K |
|
|
AUD
2910
DELISTED
Audacy, Inc.
AUD
| $359K | ﹤0.01% |
260,168
-5,800
| -2% | -$8.21K |
|
2911
AC Immune
ACIU
$259M
| $357K | ﹤0.01% |
53,052
+29,847
| +129% | +$217K |
|
|
JMIA
2912
Jumia Technologies
JMIA
$720M
| $357K | ﹤0.01% |
+65,100
| New | +$300K |
|
|
HMTV
2913
DELISTED
Hemisphere Media Group, Inc.
HMTV
| $357K | ﹤0.01% |
36,319
+3,000
| +9% | +$27.4K |
|
2914
Porch Group
PRCH
$1.79B
| $356K | ﹤0.01% |
+35,200
| New | +$348K |
|
|
THCA
2915
DELISTED
Tuscan Holdings Corp. II Common Stock
THCA
| $356K | ﹤0.01% |
35,420
+24,620
| +228% | +$244K |
|
|
SRLP
2916
DELISTED
SPRAGUE RESOURCES LP
SRLP
| $356K | ﹤0.01% |
22,581
-4,538
| -17% | -$64.3K |
|
|
HOOK
2917
DELISTED
HOOKIPA Pharma
HOOK
| $355K | ﹤0.01% |
+3,053
| New | +$298K |
|
2918
WhiteHorse Finance
WHF
$154M
| $355K | ﹤0.01% |
+34,500
| New | +$321K |
|
|
LTRPA
2919
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $355K | ﹤0.01% |
166,464
+3,056
| +2% | +$6.96K |
|
|
TPCO
2920
DELISTED
Tribune Publishing Company Common Stock
TPCO
| $355K | ﹤0.01% |
35,559
+19,100
| +116% | +$171K |
|
2921
Tiptree Inc
TIPT
$671M
| $354K | ﹤0.01% |
54,845
+20,994
| +62% | +$123K |
|
2922
Metallus
MTUS
$900M
| $354K | ﹤0.01% |
91,000
+674
| +0.7% | +$2.25K |
|
2923
Daktronics
DAKT
$1.02B
| $353K | ﹤0.01% |
81,119
| – | – |
|
2924
Uranium Energy
UEC
$5.67B
| $353K | ﹤0.01% |
402,128
+78,528
| +24% | +$76K |
|
2925
American Coastal Insurance
ACIC
$464M
| $352K | ﹤0.01% |
45,057
+5,800
| +15% | +$47.1K |
|
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.