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 | |
|---|---|---|---|---|---|---|
1226
Associated Banc-Corp
ASB
$6.07B
| $4.8M | ﹤0.01% |
351,258
-9,244
| -3% | -$126K |
|
1227
EXL Service
EXLS
$5.36B
| $4.8M | ﹤0.01% |
378,605
-5,325
| -1% | -$62.8K |
|
1228
Alcoa
AA
$13.1B
| $4.8M | ﹤0.01% |
427,020
+4,737
| +1% | +$42.4K |
|
1229
Pacira BioSciences
PCRX
$924M
| $4.8M | ﹤0.01% |
91,449
+200
| +0.2% | +$8.36K |
|
|
TWOU
1230
DELISTED
2U Inc
TWOU
| $4.79M | ﹤0.01% |
4,210
+403
| +11% | +$360K |
|
1231
ESCO Technologies
ESE
$7.79B
| $4.79M | ﹤0.01% |
56,646
-300
| -0.5% | -$23.7K |
|
1232
Columbia Sportswear
COLM
$2.96B
| $4.76M | ﹤0.01% |
59,090
-7,357
| -11% | -$536K |
|
1233
Fate Therapeutics
FATE
$294M
| $4.75M | ﹤0.01% |
138,520
+3,374
| +2% | +$101K |
|
1234
Macy's
M
$6.27B
| $4.75M | ﹤0.01% |
690,778
-1,508
| -0.2% | -$9.28K |
|
1235
Synaptics
SYNA
$4.2B
| $4.75M | ﹤0.01% |
79,022
+1,266
| +2% | +$79.4K |
|
1236
AMN Healthcare
AMN
$1.34B
| $4.75M | ﹤0.01% |
104,970
-309
| -0.3% | -$14.8K |
|
1237
Assured Guaranty
AGO
$3.35B
| $4.75M | ﹤0.01% |
194,379
-22,916
| -11% | -$625K |
|
|
PSXP
1238
DELISTED
PHILLIPS 66 PARTNERS LP
PSXP
| $4.74M | ﹤0.01% |
131,598
+11,447
| +10% | +$476K |
|
1239
GATX Corp
GATX
$6.33B
| $4.74M | ﹤0.01% |
77,676
-1,472
| -2% | -$88.5K |
|
1240
Bread Financial
BFH
$4.51B
| $4.72M | ﹤0.01% |
131,212
+25,713
| +24% | +$914K |
|
1241
Goodyear
GT
$1.78B
| $4.71M | ﹤0.01% |
527,007
-2,194
| -0.4% | -$16.7K |
|
|
SINA
1242
DELISTED
Sina Corp
SINA
| $4.71M | ﹤0.01% |
131,183
-9,753
| -7% | -$328K |
|
|
CIT
1243
DELISTED
CIT Group Inc.
CIT
| $4.71M | ﹤0.01% |
226,972
+8,090
| +4% | +$156K |
|
|
PINC
1244
DELISTED
Premier
PINC
| $4.7M | ﹤0.01% |
137,071
-842
| -0.6% | -$27.7K |
|
1245
Apple Hospitality REIT
APLE
$3.75B
| $4.69M | ﹤0.01% |
485,535
-5,632
| -1% | -$53.5K |
|
|
JOBS
1246
DELISTED
51job Inc
JOBS
| $4.68M | ﹤0.01% |
65,215
+7,609
| +13% | +$499K |
|
1247
Helmerich & Payne
HP
$4.3B
| $4.67M | ﹤0.01% |
239,579
-7,007
| -3% | -$137K |
|
|
PDM
1248
Piedmont Realty Trust
PDM
$1.2B
| $4.67M | ﹤0.01% |
281,397
-961
| -0.3% | -$16K |
|
1249
Arcosa
ACA
$7.12B
| $4.67M | ﹤0.01% |
110,722
+683
| +0.6% | +$26.3K |
|
1250
LendingTree
TREE
$461M
| $4.66M | ﹤0.01% |
16,100
+95
| +0.6% | +$22.9K |
|
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.