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 |
EA
Electronic Arts
EA
|
+$217M |
| 2 |
ATVI
Activision Blizzard
ATVI
|
+$217M |
| 3 |
Amazon
AMZN
|
+$205M |
| 4 |
T-Mobile US
TMUS
|
+$202M |
| 5 |
Microsoft
MSFT
|
+$192M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Realty Income
O
|
+$111M |
| 2 |
Healthpeak Properties
DOC
|
+$87.1M |
| 3 |
Hartford Financial Services
HIG
|
+$68.7M |
| 4 |
Annaly Capital Management
NLY
|
+$63.7M |
| 5 |
W.P. Carey
WPC
|
+$54.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.85% |
| 2 | Healthcare | 14.17% |
| 3 | Financials | 12.05% |
| 4 | Consumer Discretionary | 11.92% |
| 5 | Communication Services | 8.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TCF
926
DELISTED
TCF Financial Corporation Common Stock
TCF
| $8.38M | 0.01% |
358,652
+22,936
| +7% | +$614K |
|
927
Brixmor Property Group
BRX
$9.21B
| $8.36M | 0.01% |
714,790
+25,322
| +4% | +$306K |
|
928
Zurn Elkay Water Solutions
ZWS
$8.41B
| $8.35M | 0.01% |
580,952
+85,550
| +17% | +$1.22M |
|
929
SL Green Realty
SLG
$4.08B
| $8.3M | 0.01% |
185,019
+4,260
| +2% | +$197K |
|
930
Unum
UNM
$14.7B
| $8.26M | 0.01% |
490,874
+17,605
| +4% | +$313K |
|
|
FL
931
DELISTED
Foot Locker
FL
| $8.25M | 0.01% |
249,897
+10,494
| +4% | +$320K |
|
932
Flowserve
FLS
$10.3B
| $8.24M | 0.01% |
302,020
+8,853
| +3% | +$258K |
|
933
Fiverr
FVRR
$324M
| $8.24M | 0.01% |
59,302
+23,102
| +64% | +$2.48M |
|
934
Varonis Systems
VRNS
$5.26B
| $8.24M | 0.01% |
214,224
+24,024
| +13% | +$896K |
|
935
Interactive Brokers
IBKR
$41.4B
| $8.24M | 0.01% |
682,096
+22,196
| +3% | +$277K |
|
936
Cullen/Frost Bankers
CFR
$10.5B
| $8.23M | 0.01% |
128,735
+4,121
| +3% | +$289K |
|
937
Yeti Holdings
YETI
$3.44B
| $8.23M | 0.01% |
181,616
+17,525
| +11% | +$831K |
|
938
Chemours
CC
$2.3B
| $8.23M | 0.01% |
393,591
+17,034
| +5% | +$329K |
|
939
Warner Bros
WBD
$69.6B
| $8.23M | 0.01% |
377,916
+13,604
| +4% | +$297K |
|
940
ONE Gas
OGS
$5.09B
| $8.22M | 0.01% |
119,094
+3,100
| +3% | +$228K |
|
941
Halozyme
HALO
$11.4B
| $8.21M | 0.01% |
312,518
+9,135
| +3% | +$254K |
|
942
Hanover Insurance
THG
$7.77B
| $8.21M | 0.01% |
88,071
+2,200
| +3% | +$219K |
|
943
APA Corp
APA
$14B
| $8.21M | 0.01% |
866,390
+682
| +0.1% | +$9.34K |
|
|
FOLD
944
DELISTED
Amicus Therapeutics
FOLD
| $8.2M | 0.01% |
580,563
+64,232
| +12% | +$936K |
|
945
First Financial Bankshares
FFIN
$5.04B
| $8.2M | 0.01% |
293,700
+7,200
| +3% | +$213K |
|
|
ETRN
946
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $8.2M | 0.01% |
968,745
-338,935
| -26% | -$3.31M |
|
947
Hawaiian Electric Industries
HE
$2.04B
| $8.19M | 0.01% |
246,482
+4,297
| +2% | +$151K |
|
948
Chewy
CHWY
$9.2B
| $8.19M | 0.01% |
149,284
+40,084
| +37% | +$2.16M |
|
949
Eagle Materials
EXP
$6.41B
| $8.18M | 0.01% |
94,771
+2,649
| +3% | +$214K |
|
950
Novanta
NOVT
$6.33B
| $8.18M | 0.01% |
77,651
+1,557
| +2% | +$165K |
|
Similar funds
California Public Employees Retirement System's Q3 2020 Portfolio in Review
As of Q3 2020, California Public Employees Retirement System held 3,611 positions worth $112B, up 11% from $101B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Trading was light in Q3 2020: portfolio turnover was 4.3%. California Public Employees Retirement System opened 104 new positions and exited 52, leaving the 3,611-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 21% a quarter earlier, followed by Healthcare and Financials.
- California Public Employees Retirement System's largest Q3 2020 buy was KE Holdings: 253,194 shares worth $15.5M.
- California Public Employees Retirement System added most to Electronic Arts in Q3 2020, an estimated $217M increase.
- California Public Employees Retirement System's biggest Q3 2020 reduction was Realty Income, cutting an estimated $111M.
- California Public Employees Retirement System fully exited Seagen Inc. Common Stock in Q3 2020, selling an estimated $46.2M.
- California Public Employees Retirement System's ten largest holdings make up 19% of its $112B portfolio in Q3 2020.
- California Public Employees Retirement System opened 104 new positions and closed 52 in Q3 2020.
- California Public Employees Retirement System's portfolio value rose 11% quarter-over-quarter to $112B.
Based on California Public Employees Retirement System's 13F filing for Q3 2020, filed 5 Nov 2020.