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 | |
|---|---|---|---|---|---|---|
|
STEX
2951
Streamex Corp
STEX
$83M
| $338K | ﹤0.01% |
+4,694
| New | +$408K |
|
2952
Preformed Line Products
PLPC
$2.35B
| $338K | ﹤0.01% |
6,767
+700
| +12% | +$34.1K |
|
2953
G. Willi-Food International
WILC
$377M
| $338K | ﹤0.01% |
21,689
+912
| +4% | +$12K |
|
|
SVBI
2954
DELISTED
Severn Bancorp Inc/MD
SVBI
| $338K | ﹤0.01% |
52,116
| – | – |
|
|
CTEV
2955
Claritev Corp
CTEV
$592M
| $337K | ﹤0.01% |
+780
| New | +$315K |
|
2956
Liquidity Services
LQDT
$1.31B
| $336K | ﹤0.01% |
56,300
+36,700
| +187% | +$195K |
|
2957
LSI Industries
LYTS
$907M
| $336K | ﹤0.01% |
51,900
-900
| -2% | -$5.19K |
|
2958
FS Bancorp
FSBW
$322M
| $335K | ﹤0.01% |
+17,386
| New | +$339K |
|
2959
Intellicheck
IDN
$76.3M
| $335K | ﹤0.01% |
44,330
| – | – |
|
|
KALV
2960
DELISTED
KalVista Pharmaceuticals
KALV
| $334K | ﹤0.01% |
27,600
+14,550
| +111% | +$155K |
|
|
YARW
2961
Yarrow Bioscience, Inc. Common Stock
YARW
$115M
| $333K | ﹤0.01% |
53
+48
| +960% | +$325K |
|
2962
BayCom
BCML
$341M
| $332K | ﹤0.01% |
+25,679
| New | +$317K |
|
|
CMRX
2963
DELISTED
Chimerix, Inc.
CMRX
| $332K | ﹤0.01% |
107,153
+21,553
| +25% | +$55.8K |
|
|
PRGX
2964
DELISTED
PRGX Global, Inc.
PRGX
| $331K | ﹤0.01% |
70,388
| – | – |
|
|
CURO
2965
DELISTED
CURO Group Holdings Corp.
CURO
| $330K | ﹤0.01% |
40,418
+24,900
| +160% | +$177K |
|
2966
CorMedix
CRMD
$573M
| $329K | ﹤0.01% |
52,200
+35,400
| +211% | +$164K |
|
2967
Grid Dynamics Holdings
GDYN
$630M
| $329K | ﹤0.01% |
47,700
+33,700
| +241% | +$276K |
|
2968
Climb Global Solutions
CLMB
$518M
| $328K | ﹤0.01% |
51,128
| – | – |
|
|
CHRA
2969
DELISTED
Charah Solutions, Inc Common Stock
CHRA
| $327K | ﹤0.01% |
10,274
| – | – |
|
2970
Orrstown Financial Services
ORRF
$842M
| $325K | ﹤0.01% |
22,000
+5,919
| +37% | +$79.1K |
|
|
EXTN
2971
DELISTED
Exterran Corporation
EXTN
| $324K | ﹤0.01% |
60,123
-2,997
| -5% | -$17K |
|
2972
Ardmore Shipping
ASC
$662M
| $323K | ﹤0.01% |
74,338
+44,000
| +145% | +$236K |
|
2973
Genasys
GNSS
$76.1M
| $323K | ﹤0.01% |
66,500
-200
| -0.3% | -$882 |
|
|
SBBX
2974
DELISTED
SB One Bancorp Common Stock
SBBX
| $323K | ﹤0.01% |
+16,400
| New | +$285K |
|
2975
Bridgford Foods
BRID
$57.7M
| $322K | ﹤0.01% |
19,468
| – | – |
|
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.