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 | |
|---|---|---|---|---|---|---|
|
AEL
1176
DELISTED
American Equity Investment Life Holding Company
AEL
| $5.19M | 0.01% |
210,140
+1,873
| +0.9% | +$39.1K |
|
|
VG
1177
DELISTED
Vonage Holdings Corporation
VG
| $5.19M | 0.01% |
516,060
+11,528
| +2% | +$103K |
|
1178
AutoNation
AN
$6.89B
| $5.18M | 0.01% |
137,945
+12,728
| +10% | +$461K |
|
1179
Rogers Corp
ROG
$2.46B
| $5.18M | 0.01% |
41,565
+93
| +0.2% | +$9.95K |
|
|
SAFM
1180
DELISTED
Sanderson Farms Inc
SAFM
| $5.17M | 0.01% |
44,626
+151
| +0.3% | +$19.4K |
|
|
CSOD
1181
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $5.17M | 0.01% |
134,136
+6,988
| +5% | +$246K |
|
|
GAP
1182
The Gap Inc
GAP
$7.34B
| $5.17M | 0.01% |
409,753
-73,106
| -15% | -$659K |
|
1183
Federated Hermes
FHI
$4.74B
| $5.17M | 0.01% |
218,115
-179
| -0.1% | -$3.96K |
|
|
SAIL
1184
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $5.16M | 0.01% |
194,808
+20,008
| +11% | +$413K |
|
1185
LivePerson
LPSN
$35.9M
| $5.15M | 0.01% |
8,294
-1,043
| -11% | -$486K |
|
1186
Sabre
SABR
$892M
| $5.15M | 0.01% |
638,477
+20,668
| +3% | +$146K |
|
1187
California Water Service
CWT
$3.1B
| $5.14M | 0.01% |
107,799
+197
| +0.2% | +$9.3K |
|
1188
Axsome Therapeutics
AXSM
$11.2B
| $5.13M | 0.01% |
62,359
+4,217
| +7% | +$325K |
|
1189
H.B. Fuller
FUL
$3.24B
| $5.12M | 0.01% |
114,846
-2,012
| -2% | -$73K |
|
1190
NCR Voyix
VYX
$1.17B
| $5.12M | 0.01% |
482,015
+2,707
| +0.6% | +$31K |
|
|
SJI
1191
DELISTED
South Jersey Industries, Inc.
SJI
| $5.12M | 0.01% |
204,879
-1,303
| -0.6% | -$34.4K |
|
|
IRBT
1192
DELISTED
iRobot
IRBT
| $5.12M | 0.01% |
61,008
+4,408
| +8% | +$290K |
|
1193
Fabrinet
FN
$20.3B
| $5.1M | 0.01% |
81,681
+561
| +0.7% | +$34.4K |
|
1194
CNO Financial Group
CNO
$5.07B
| $5.09M | 0.01% |
326,677
-12,901
| -4% | -$178K |
|
1195
Inspire Medical Systems
INSP
$1.68B
| $5.08M | 0.01% |
58,357
+28,268
| +94% | +$2.17M |
|
|
TCO
1196
DELISTED
Taubman Centers Inc.
TCO
| $5.08M | 0.01% |
134,475
+2,843
| +2% | +$116K |
|
1197
Old National Bancorp
ONB
$10.4B
| $5.07M | 0.01% |
368,583
-14,167
| -4% | -$191K |
|
1198
Brady Corp
BRC
$4.43B
| $5.06M | 0.01% |
108,131
-928
| -0.9% | -$42.7K |
|
1199
Brink's
BCO
$4.72B
| $5.06M | 0.01% |
111,097
-2,050
| -2% | -$93.4K |
|
1200
UMB Financial
UMBF
$11.5B
| $5.03M | 0.01% |
97,554
-3,374
| -3% | -$165K |
|
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.